AerData, a provider of software and services for the aviation industry announced the launch of GEARS, a new software tool, that is designed to standardize data collection for routine audits and inspections. GEARS (Global Electronic Asset Review System), is a digital tool that can control the quality, consistency and efficiency of data collection by utilizing
Vector Aerospace UK, a leading provider of aviation maintenance, repair and overhaul (MRO) services has been awarded Part 21G accreditation from the European Aviation Safety Agency following an official audit in late December 2013. The deserved recognition from Europe’s regulatory aviation authority enables the company to perform work pertaining to sheet metal and composite manufacture;
Avolon, the international aircraft lessor has acquired one Boeing 737-800 NG on lease to Garuda Indonesia, the Flag carrier of Indonesia. This represents Avolon’s first Boeing 737 aircraft on lease to Garuda.
Emirates has contracted Lufthansa Technik to overhaul the landing gear of its Boeing 777-300ER fleet. The agreement has been signed for ten years on a non-exclusive basis. Lufthansa Technik’s landing gear business unit in Hayes, near London, United Kingdom will perform all necessary maintenance, repair and overhaul works on the 777-300ER landing gears.
Boeing Senior Vice President Wanda Denson-Low has announced her plans to retire from the company June 2nd, after serving on the company’s executive council and leading the Office of Internal Governance for the past seven years. Diana L. Sands, vice president, Finance, and corporate controller, has been elected to replace Denson-Low as senior vice president,
Skymark Airlines, Japan’s third largest airline has taken delivery of the first two A330-300s out of a total of ten on lease. Skymark Airlines becomes the first Japanese carrier to operate Airbus’ market leading, A330 wide-body aircraft. Skymark Airlines’ A330s, configured in a very high comfort, all ”Green Seat” cabin with 271 seats, will start
Willis Lease Finance Corporation (WLFC) reported 2013 net income attributable to common shareholders of $15.6m. Fourth quarter net income attributable to common shareholders was $6.6m, fueled by 12.9% growth in lease rent revenue due to improved utilization and a larger lease portfolio, which contributed to 18.9% overall growth in total revenue. At December 31st, 2013,
Aerolíneas Argentinas took delivery of two leased Boeing 737-800s from GECAS, to expand and modernize the carrier’s fleet.
Etihad Airways, the national carrier of the United Arab Emirates, posted record financial results for 2013, with net profit up 48% to US$62m on revenues up 27% to US$6.1bn. The record performance also saw earnings before interest and tax (EBIT) up 22% to US$208m and earnings before interest, tax, depreciation, amortisation and rentals (EBITDAR) up
GE Capital Aviation Services (GECAS) delivered four new leased Boeing 737-800 aircraft to VRG Linhas Aéreas S. A. to expand its fleet. The aircraft were part of a purchase-and-leaseback transaction between the airline and GECAS. The first aircraft delivered in December 2012; two delivered in 2013; and the final delivered late last month. VRG Linhas
