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
Malaysia Airlines signed a strategic partnership with Chennai based Ramco Systems, an IT solutions provider, for a suite of critical enterprise-wide engineering solutions that includes aircraft maintenance, maintenance service sales, operational, human resources and financial functions. This advanced solution which integrates business processes and people, company-wide, will serve the entire engineering functions for Malaysia Airlines
Just weeks after opening its new Global Services reception lobby at Newark Liberty International Airport, United Airlines unveiled its latest investment in the New York area’s largest hub airport – a new widebody aircraft maintenance hangar. United invested $35m to construct the facility, which will help support the airline’s widebody aircraft, including the Boeing 787
FLY is reporting net income of $13.4m for the fourth quarter of 2013, compared to net income of $31.0m for the same period of 2012. The fourth quarter 2013 results include a transactional impairment charge of $8.8m associated with an aircraft that will be sold in 2014. The Company anticipates that this impairment charge will
Vector Aerospace UK, a leading provider of aviation maintenance, repair and overhaul (MRO) services continues to develop its civil client portfolio following the completion of another contract for a major fixed wing operator. The recent contract delivery saw the Mobile Repair Team (MRT), based at Vector Aerospace’s Almondbank facility located near Perth in Scotland, complete
Aeronautical Engineers (AEI) delivered the first of two MD82/83SF freighters to Aeronaves TSM based in Saltillo, Coahuila México. The aircraft is a high gross weight MD82SF (MSN 49342) built in 1987 and was converted at Commercial Jet’s Miami facility, which is one of five authorized AEI Conversion Centers worldwide. This is AEI’s 3rd of an
Air Transport Services Group, a leading provider of aircraft leasing, and air cargo transportation and related services, reported consolidated financial results for the quarter and year ended December 31, 2013. For the fourth quarter of 2013 revenues increased 2% to $157.0m, compared with the fourth quarter of 2012, attributable mainly to increased airline operations for
