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
Delta Air Lines and Grupo Aeromexico inaugurated their aircraft maintenance, repair and overhaul center, TechOps Mexico. TechOps Mexico is located near the Queretaro Intercontinental Airport. Both airlines invested a total of US$55m, divided into equal shares, to construct these new facilities, which are located next to the Queretaro Aerospace Park. This project also received support
In a move that signals its ongoing commitment to the marketplace, Airbus Helicopters (AHI) named Precision Aviation Services (PAS), a Precision Aviation Group (PAG) company, as an AHI Service Center. This is the newest AHI service center in the Southeast and the first in the Atlanta market. The state-of-the-art 35,000 ft² facilities, located at the
AFI KLM E&M is to repaint five Boeing 777-200 aircraft for Etihad Airways. Initially drafted for the existing 777-300 fleet, the contract was amended after the airline decided to take delivery of five new 777-200 aircraft. In addition to the painting process (stripping, sanding, painting and coating of the fuselage, vertical fin, stabilizer, engines and
The Luftfahrt-Bundesamt (LBA), Germany’s Federal Office for Civil Aeronautics, signed the final approval for Base maintenance services for Gulfstream GV-SP 550. “This will give us the abilities to offer our clients Line and Base Maintenance Services at our hangar at Hahn-Airport as well as abroad”, says Michael Bock, CEO of HAITEC. “To apply for the
SkyTeam, the global airline alliance, has welcomed Garuda Indonesia as its 20th member and second airline from Southeast Asia. Garuda’s membership adds Jakarta as an alternative gateway to and from South East Asia, as well as 40 new destinations to SkyTeam’s global network served uniquely by the alliance. Garuda flies to 64 destinations in 12
Luxair and Lufthansa Technik are expanding their cooperation. The two companies have concluded a seven years contract for component supply for the airline’s fleet of Boeing 737NG aircraft, next to the contract for the Base Maintenance Services on Luxair’s Boeing 737NG during Winter 2014/2015. The Total Component Support TCS agreement covers component repair and overhaul
RwandAir of Kigali, Rwanda, took delivery of a dual-class Q400 NextGen turboprop airliner to the African airline. RwandAir’s order for the aircraft was announced on April 22, 2013.
Astronics Corporation, a leading provider of advanced technologies for the global aerospace and defense industries, completed on February 28th, 2014, the acquisition of substantially all of the assets and liabilities of EADS North America’s Test and Services division (EADS T&S) for approximately $53m in cash plus a preliminary net working capital adjustment of $17m. EADS
At the end of 2013, Avianca SA Holdings recorded a revenue growth of 8.0% from US$4.2bn in 2012 to US$4.6bn in 2013. Operating costs increased by 5.9%, from $3.9bn in 2012 to U.S.$4.2bn in 2013. Adjusted net income for 2013 amounted to US$234.1m, which is 132.5% above the adjusted net income for 2012, which stood
