Boeing is helping Turkey improve its self-defense capabilities with the recent delivery of the first Peace Eagle Airborne Early Warning and Control aircraft. The Turkish Armed Forces (TAF) now has advanced airborne surveillance and battle management capabilities, and can simultaneously track airborne and maritime targets, with the first of four AEW&C aircraft it has received
Airbus Group has announced plans to set up a financial hub in Singapore as part of its strategy to support the financial business activities of all Airbus Group entities in Singapore and the Association of Southeast Asian Nations countries (ASEAN). The new Airbus Group Financial Hub team in Singapore will leverage its local presence to
Vietnam’s VietJetAir has finalised a major order for the A320 Family to meet its future expansion plans. The purchase agreement covers firm orders for 42 A320neo, 14 A320ceo and 7 A321ceo, plus 30 purchase rights. In addition the airline will lease eight more A320 Family aircraft from third party lessors. The order was finalised at
TAP Maintenance and Engineering Brazil, part of TAP Portugal Group, announced its cooperation with Lufthansa Cargo AG to launch MD-11F heavy maintenance services, starting end of January 2014. Lufthansa Cargo AG operates a fleet of 16 MD-11Fs and 2 B777Fs.
Turkish Airlines has entered into an agreement under which IAE International Aero Engines AG’s V2500 engines will power 25 new A321 aircraft. This brings the total number of V2500-powered A320 aircraft in their fleet to 110. The deal is valued at $560m. Aircraft deliveries will commence in 2015 and continue through 2017.
Ontic UK have entered into license agreement with Rolls-Royce for the manufacturing and worldwide distribution rights for Dart aircraft engine components. The transition of support and manufacturing capabilities to Ontic’s Cheltenham, UK facility will commence immediately. Technical support will continue to be offered by Rolls-Royce. The Dart engine is in service on an active fleet
Boeing and Alenia Aermacchi, a Finmeccanica Company, have finalized a restructured contract for the 787 Program. The contract establishes a new performance based business arrangement that will drive improved operational performance for Alenia Aermacchi and the 787 program. Based on the market success and increased production rates of the 787 program, Boeing has confirmed orders
Garuda Indonesia’s operating income decreased by 66.4%, amounting to US$56.4m, compared to the amount of US$168.1m received in 2012. Income for the period also declined from US$110.8m in 2012 to US$11.2m in 2013. Garuda Indonesia President & CEO, Emirsyah Satar, said that Garuda Indonesia’s financial performance in 2013 was influenced by rupiah’s decline against the
As of February 11th, Doric Lease Corp has been rebranded as Amedeo. The rebranding initiative is part of a bigger vision to build a dedicated and actively managed widebody aircraft acquisition and leasing platform. The company announced an order for 20 A380s at the 50th Paris Airshow in June 2013 and will continue focusing on
Small Planet Airlines will take delivery of 3 A320s this year. One has already been delivered and two more are expected in spring. A record of 11 aircraft will be utilized by the airline this summer – 9 A320s and 2 737-300s – across its bases in UK, Poland, Lithuania and France. Better economy in
