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
Abu Dhabi-based Falcon Aviation Services has signed a Letter of Intent (LOI) to acquire one CS300 aircraft and an option for another. With this LOI, Falcon Aviation Services becomes the first customer for CSeries aircraft in the United Arab Emirates.
REVIMA, a leading landing gear MRO established in the region of Normandy, France, has signed a non-exclusive 10 year overhaul service agreement with EMIRATES. The agreement is an all-inclusive “door to door” arrangement and covers the removal and installation, logistics, engineering support, and landing overhaul services for EMIRATES’s 777-300ER aircraft fleet.
Avpro and Bell Helicopter reached an agreement on Febr. 26th, at HAI Heli Expo, to purchase three new Bell 505X helicopters, including one for its management partner L.J. Aviation of Latrobe, PA. Avpro will manage two of the helicopters, one of which has European specs, and Bell specialist L.J. Aviation of Latrobe, PA will market
Air Lease Corporation reports another consecutive quarter of fleet, revenue and profitability growth. Diluted EPS increased 45% to $0.55 per share for the three months ended December 31, 2013 compared to $0.38 per share for the three months ended December 31, 2012. Diluted EPS increased 41% to $1.80 per share for the year ended December
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.
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.
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 (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 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
