Embraer inaugurated a new Service Center for its executive jets, on March 27th, at Bertram Luiz Leupolz (SOD) Airport, in the city of Sorocaba, Brazil. The Company’s new facility, which involved an investment of more than US$25m, is expected to generate up to 250 direct and specialized jobs over the coming years. The 20,000-m² area
MTU Maintenance has signed a new contract with the Saudi Arabian Oil Company, Saudi Aramco for the maintenance and on-wing support services of its General Electric CF34-8E engines. The contract covers all engines powering Aramco’s Embraer ERJ-170 fleet and has a duration of five years. MTU Maintenance has been a reliable provider for the maintenance
Japan Transocean Air (JTA) announced the purchase of CFM56-7B engines to power 12 Boeing Next-Generation 737-800 airplanes. The engine order is valued at $260m at list price. JTA will have the flexibility to switch to the LEAP-1B-powered Boeing 737 MAX. Based in Naha, Okinawa, JTA is a member of the Japan Airlines Group and a
WestJet has converted five of its 25 options to firm orders for Bombardier Q400 NextGen aircraft, scheduled for delivery in the second half of 2015. The first of the five will arrive in June 2015. With the conversion of these options, WestJet will have a fleet of 25 Q400s by the end of 2015. The
Finnair is started employee consultations with its personnel. The consultations concern employees working in administrative and support functions as well as cabin attendants. The measures are part of the savings program started in 2011, which aims at breaking Finnair’s loss-making cycle. The company still hopes that by achieving cost reductions in ongoing negotiations the redundancies
BOC Aviation achieved a record net profit after tax in 2013, marking an unbroken run of 20 years of profitability since it was founded in November 1993. For the financial year ended 31st December 2013, the Company earned US$277m in net profit after tax, 23% higher than the previous year. Total assets were US$10.2bn, rising
MidairUSA signed an aircraft maintenance agreement with Aircastle Advisor, which included the first in a series of lease return MRO services and a heavy C check. For over a decade Midair exclusively provided support for Transaero Airlines, Russia’s second largest carrier. The Rome, New York/Melbourne, Florida based operations have successfully maintained services for Transaero aircraft,
Japan Airlines (JAL) has selected Panasonic Avionics for a major expansion of in-flight Wi-Fi for its international fleet which includes Boeing 787s, Boeing 777-200ERs and Boeing 767-300ERs. The commitment comes after a successful introduction of Panasonic’s broadband Wi-Fi service on 13 of Japan Airlines’ 777s that have been flying international routes since July 2012. The
Airbus Group successfully priced a new 10-year bond offering denominated in euros on March 25th, 2014. This €1bn transaction is the first bond issue for the newly rebranded “Airbus Group” and marks the return of the company to the euro debt capital markets after almost five years. The offering was very well received by the
GE Aviation will break ground this year on a new $100m jet engine assembly facility in Lafayette, Indiana. It becomes the seventh new GE Aviation facility in the U.S. in the past seven years – joining sites in Batesville, MS; Auburn, AL; Greenville, SC; Dayton, Ohio; Ellisville, MS; and Asheville, NC. These facilities support more
