Airbus Group has entered into a Share Purchase Agreement with Raiffeisenverband Salzburg to acquire Salzburg München Bank AG, in order to provide additional financing options for the aeronautics and defence company. Salzburg München Bank, owned 100% by Raiffeisenverband Salzburg, is a small fully-licensed bank based in Munich serving small and medium enterprises (SMEs) and private
AgustaWestland signed a Letter of Intent (LoI) to appoint STA Systems of Singapore, a subsidiary of ST Aerospace, as an Authorized Component Repair Centre for dynamic components of the AW109 range of light twin engine helicopters and the AW139 intermediate twin engine model. STA Systems plans to start operations by mid-2014, performing main and tail
Cargolux Airlines announced an order for an additional 747-8 Freighter. The order, valued at $357.5m at list prices, is the 14th 747-8 Freighter the Luxembourg-based cargo carrier has ordered from Boeing.
Alaska Air Group’s board of directors has approved several leadership changes in the company’s Legal Division. Herman Wacker, Air Group’s deputy general counsel and managing director of legal, has been elected vice president of legal. Shannon Alberts, managing director of corporate affairs and assistant corporate secretary, has been elected corporate secretary. Kyle Levine retains his
Singapore Airshow 2014 wrapped up the trade segment of the six-day event with deals announced worth US$32bn, surpassing the value of deals announced in 2012. Major announcements include contracts for Airbus, Embraer, Boeing and Rolls-Royce. This reinforces Singapore Airshow’s standing as one of the most important aerospace and defence exhibitions in the world. Singapore Airshow
Bombardier Aerospace’s revenues amounted to $2.9bn for the three-month period ended December 31, 2013, compared to $2.6bn for the corresponding period last fiscal year. For the year, revenues totalled $9.4bn, compared to $8.6bn last fiscal year. For the fourth quarter ended December 31, 2013, EBIT totalled $93m, or 3.2% of revenues ($94m, or 3.3%, before
Norwegian has signed an agreement to acquire four new Boeing 787-9 Dreamliners. This means that the company has ordered 14 wide-body aircraft in total; three of which are already in service. The 787-9 is larger than the 787-8 that Norwegian currently operates on its long-haul routes. Norwegian continues to expand its international operations by entering
THAI Smile, a subsidiary of THAI Airways and Airbus have extended their existing 15 years ‘Flight Hour Services – Tailored Support’ (FHS-TSP) contract, adding nine additional leased A320 aircraft to cover its entire fleet of 20 A320 aircraft. The contract provides an extensive scope of A320 line replaceable units (LRUs), guaranteed spare parts availability through
Pratt & Whitney will provide exclusive power for 50 firm Embraer E-Jets E2 aircraft, with an additional 50 purchase rights, for an order announced by Embraer and Air Costa. Deliveries are scheduled to begin in 2018. The PurePower Geared Turbofan (GTF) engine family has more than 5,000 orders and commitments, including options.
Pratt & Whitney has signed an exclusive, three-year Engine Management Program (EMP) agreement with Pakistan International Airlines (PIA) to maintain the airline’s fleet of 12 PW4152 installed engines. The Pratt & Whitney engines that are covered under this agreement power PIA’s fleet of A310 aircraft.
