IAE International Aero Engines has awarded Singapore-based operator Tigerair the Pure-V designation for V2500 engines powering its aircraft. A Pure-V designated engine contains IAE-approved parts and repairs throughout the entire engine. The program was created to provide a designation IAE customers’ engines that have been maintained to OEM standards, for example those covered by a
Copa Holdings reported net income of $113.9m for 4Q13, as compared to net income of $86.6m in 4Q12. Excluding special items, which for 4Q13 includes a non-cash impairment charge of $31.2m on Intangible Assets booked in 2005 related to the acquisition of AeroRepublica (now Copa Colombia) and a non-cash gain of $2.6mn associated with the
Nepal Airlines Corporation (NAC) has signed its first order with IAE International Aero Engines AG to supply V2500-A5 SelectOne engines to power two new firm A320ceo aircraft plus options for two additional aircraft. Aircraft deliveries are scheduled for 2015.
Aerolíneas Argentinas ordered GE’s CF6-80E1 engines to power its four new Airbus A330-200 aircraft. “GE and Aerolíneas Argentinas have a strong relationship with the majority of their fleet powered by GE or CFM56* engines,” said Doug Izarra, Vice President for the Americas Sales at GE Aviation. “The selection of CF6-80E1 engines will continue to strengthen
AJW Aviation has signed a five year framework agreement with East Air the private carrier based in Tajikistan. The airline operates one A320-300 and one Boeing 737-400 aircraft and will be fully supported by AJW across the supply and repair of components, as well as AJW’s global AOG service. This end-to-end programme is backed up
At the Airshow in Singapore BNP Paribas and VietJetAir have reached a mutual agreement wherein BNP Paribas was assigned to be the adviser and financing arranger for VietJetAir’s aircraft order. In which BNP Paribas will arrange financing for the first three aircrafts that VietJetAir will receive in 2014. The value of these three aircrafts is
Taiwanese full service airline, TransAsia Airways collected its first new ATR 72-600 plane at a ceremony with ATR, the world’s largest manufacturer of regional turboprop aircraft, in Toulouse, France today. The plane is the first of 12 ATR 72-600s ordered by TransAsia Airways as part of its fleet renewal and growth program. Other planes, which
Sabaidee Airways signed an agreement with Ameco Beijing during Singapore Airshow on February 12th, which covers customer’s fleet service from 2014 to 2018 including AOG support, airframe C/D check, engine repair/overhaul, LDG repair/overhaul.
Embraer S.A. has signed a definitive agreement with India’s Air Costa for a firm order for 50 E-Jets E2s with an additional 50 purchase rights. The acquisition is a mix of 25 E190-E2s and 25 E195-E2s and has an estimated value of $2.94bn based on 2014 list prices. The purchase rights are for an additional
Rolls-Royce’s underlying revenue increased 27% to £15.5bn, including £2.6bn in revenue from Tognum. Excluding Tognum, the Group’s revenue increased 6% to £12.9bn, with 7% growth in original equipment and 4% growth in services. In 2013, 47% of the Group’s revenue was generated by the sale of aftermarket parts and services (52% in 2012). Underlying profit
