AerData, a provider of software and services for the aviation industry announced that SMBC Aviation Capital (SMBC AC), has licensed STREAM aircraft records software and GEARS asset review system. STREAM (Secure Technical Records for Electronic Asset Management), a web-based solution used by some of the world’s largest airlines, lessors and MROs to manage aircraft and
The HAECO Group reported an attributable profit of HK$625m in 2013, 24.0% lower than that in 2012. Earnings per share decreased by 24.0% to HK$3.76. Turnover increased by 26.7% to HK$7,387m. Demand for line maintenance services in Hong Kong remained stable. 2.8% more aircraft movements were handled in 2013 than in 2012. Airframe maintenance and
Aeronaves TSM has ordered one more AEI MD80SF passenger to freighter conversion. The aircraft is a high gross weight MD82 (MSN 49558) and was built in 1988. The aircraft will be modified at Commercial Jet’s Miami Florida facility starting in July 2014. This order will bring Aeronaves TSM’s MD80SF freighter fleet to three, with two
On March 4th, 2014, just 6 months after construction began, GKN Aerospace’s new bizjet engine integration facility, in Phoenix, Arizona has made its first delivery. The facility supplied Honeywell HTF7250 engines, fully integrated into GKN Aerospace designed and manufactured nacelle systems, to Gulfstream for its newest aircraft – the G280 super mid-sized business jet. Today
Rolls-Royce will expand its aerospace research and technology capabilities in Dahlewitz, building a new test-bed for power gearboxes which will support the development of next generation aero-engine designs. Close to 20% of the total investment of €65m in the new test-bed will be funded by the German and the Brandenburg government. The investment in the
Bombardier Aerospace continues to enhance its aftermarket support worldwide by opening a new Regional Support Office (RSO) in Toluca, Mexico. The office will anchor regional support capabilities for Bombardier business aircraft customers throughout Mexico, and surrounding areas. The new RSO is located alongside Bombardier’s new business aircraft sales team within the modern Assertec fixed based
Airbus Defence and Space has been selected by Singapore to supply six A330 MRTT new generation air-to-air refuelling aircraft for the Republic of Singapore Air Force (RSAF). The aircraft will be delivered under the terms of a firm contract which has already been signed. Singapore’s choice of the A330 MRTT makes it the sixth nation
MC Aviation Partners (MCAP), the commercial aircraft lessor, has chosen AerData’s CMS and STREAM software. CMS (Corporate Management System) is the leading lease and asset management solution used by the majority of the world’s aircraft, helicopter and engine leasing organizations. STREAM (Secure Technical Records for Electronic Asset Management) is the industry’s foremost web-based solution used
SriLankan Airlines will join the oneworld alliance on May 1st. The national airline of Sri Lanka will offer the alliance’s complete range of services and benefits, including the ability to earn and redeem Plus points across SriLankan’s network of 32 destinations in 20 countries across Asia, Europe and the Middle East.
International Lease Finance Corporation (ILFC) has closed a new senior secured term loan of $1.5 billion. The loan will bear interest at LIBOR plus 275 basis points with a 0.75% LIBOR floor, is priced at 99.5% of par value, and will mature in 2021. The collateral used to support the transaction has an initial weighted
