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
2013 proved to be another record year for CFM International (CFM) with the company logging orders for a total of 2,723 engines, including 1,330 CFM56 engines (commercial, military and spares) and 1,393 LEAP engines (including spares). These orders – the highest level in the company’s 40-year history – are valued at more than $31bn at
Just two years after beginning production, NORDAM announced shipment of the 70,000th cabin window assembly for the Airbus A320, one of the world’s most widely-used aircraft. Since 2012, NORDAM has been the original equipment manufacturer (OEM) of cabin window assemblies for the A320 family, spanning the A318, A319, A320 and A321, as well as the
ATR and the Spain’s Canary Islands carrier Binter Canarias announced a contract for the sale of six firm ATR 72-600 aircraft, valued at almost $150m. With the acquisition of the fleet of these newest ATR ‘-600s’ the airline will enter into the renewal process of their current fleet of 18 ATR 72s which have been
GE Capital Aviation Services, the commercial aircraft leasing and financing arm of GE, signed a contract with Myanma Airways, the flag carrier of Myanmar, to lease 10 new Boeing narrow bodies. Deliveries of the new leased aircraft are scheduled to begin in June 2015 and come from GECAS’ existing order book with Boeing. The contract
