Pratt & Whitney Canada and Milestone Aviation Group sign US$75m deal

February 28, 2014

Pratt & Whitney Canada (P&WC and Milestone Aviation Group, a global leader in helicopter leasing, signed a US$75m, 15-year agreement under which P&WC will offer its Flexible Turboshaft Engine Fleet Management program to Milestone customers. The agreement, signed at HAI Heli-Expo, will provide P&WC’s customized engine maintenance support to helicopter operators worldwide leasing through Milestone.

ILFC reaches leasing milestone with Boeing 787

February 28, 2014

International Lease Finance Corporation (ILFC) has secured more than 50 lease transactions for the new Boeing 787. ILFC owns the largest order book for Boeing’s newest aircraft with a total of 74 Dreamliners on order, of which five aircraft have already been delivered. ILFC was the first leasing company to take delivery of the 787.

Lufthansa Service Europa/Afrika GmbH uses its option to acquire Finncatering

February 28, 2014

Finnair has sold its subsidiary Finncatering Oy to LSG Lufthansa Service Europa/Afrika GmbH (LSG). The transaction is part of the partnership agreement announced on August 1st, 2012, according to which LSG has an option to purchase Finncatering Oy and LSG Sky Chefs Finland Oy (formerly Finnair Catering Oy) shares. By acquiring Finncatering, LSG carries out

Ascent Aviation Services signs contract with Miami Air International

February 28, 2014

Ascent Aviation Services (Tucson AZ) has signed a contract for heavy maintenance on two B737-800 aircraft for Miami Air International. The ASCENT facilities located at Tucson International Airport consist of 23 acres of concrete ramp, over 34,000 ft² of hangar space along with 77,000 ft² of backshop and secured consignment space in an ideal desert

Qantas releases details of $2bn cost reduction program

February 27, 2014

Qantas will take action to permanently reduce costs in all parts of the Qantas Group through to FY17, including fleet and network changes, productivity improvements, consolidation of business activities, new technology and procurement savings. More than 50 aircraft will be deferred or sold and the Group’s workforce will be reduced by 5,000 full-time equivalent positions

Astronics Corporation to supply exterior lighting system for Boeing 737 MAX

February 27, 2014

Astronics Corporation released that its wholly-owned subsidiary Astronics Luminescent Systems, has been awarded a multi-year contract to provide exterior lighting for the Boeing 737 MAX. Astronics will supply a full suite of products that provide the position, navigation and anti-collision lighting functions for the aircraft. The lights will utilize light emitting diodes (LEDs) to provide

NetJets approved to fly Global Aircraft to and from London City Airport

February 27, 2014

NetJets, a Berkshire Hathawaycompany, reported that the London City Airport Authority has approved certification to operate its NetJets Signature Series Global aircraft to and from London City Airport. The certification will enhance NetJets service by offering its Global customers the opportunity to utilize a strategically located airport in London.

Finnair completes sale and leaseback agreements for two A330 aircraft

February 27, 2014

The sale and leaseback agreements of two Airbus A330 aircraft owned by Finnair have been finalized. The Memorandum of Understanding (MoU) on the transactions was signed on 13 December 2013. The MoU includes also two ordered Airbus A350 aircraft, and sale and leaseback agreements for these two are expected to be concluded in H2 2015,

Republic Airways reports fourth quarter and full year 2013 financial results

February 27, 2014

Republic Airways Holdings reported fourth quarter 2013 income from continuing operations of $16.5, compared to $8.8 in the prior year. Net income, which includes the results of discontinued operations at Frontier, increased 23.8% to $15.6m for the fourth quarter of 2013, compared to $12.6m in the same period in the prior year. Operating revenues for

Alenia Aermacchi signs €280m contract with Poland for eight M-346

February 27, 2014

Alenia Aermacchi, a Finmeccanica company, has signed a contract with the Ministry of Defence of Poland to supply eight M-346 Master. The contract – signed after the aircraft was selected, as already announced – is worth €280m. In addition to the eight aircraft, the provision also includes logistic support, a training programme for pilots and

Top Stories

Pratt & Whitney Canada and Milestone Aviation Group sign US$75m deal

ILFC reaches leasing milestone with Boeing 787

Lufthansa Service Europa/Afrika GmbH uses its option to acquire Finncatering

Ascent Aviation Services signs contract with Miami Air International

Qantas releases details of $2bn cost reduction program

Astronics Corporation to supply exterior lighting system for Boeing 737 MAX

NetJets approved to fly Global Aircraft to and from London City Airport

Finnair completes sale and leaseback agreements for two A330 aircraft

Republic Airways reports fourth quarter and full year 2013 financial results

Alenia Aermacchi signs €280m contract with Poland for eight M-346

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