Boeing announced it will expand its flight and maintenance training capabilities in Russia with a new, state-of-the-art training campus. The new full-service training facility— set to open in 2015—will be located in the Skolkovo Innovation Center in Moscow. Boeing will work in cooperation with Industrial Investors Group and their subsidiary Transas on the project. Initial
AAR CORP. released that its 100% owned subsidiary, Telair International GmbH, has completed the acquisition of cargo loading system assets of Speyer, Germany based PFW Aerospace GmbH, which the company announced on December 2, 2013. The acquisition will enhance Telair’s market position as one of the leading suppliers globally of cargo loading and baggage handling
Finnair has signed a Memorandum of Understanding (MoU) with global aircraft leasing and financing company Novus (Novus Aviation Capital) on the sale and leaseback of two Airbus 330 aircraft. The value of the arrangement is approximately €110m. The financial arrangement is part of the long-haul fleet renewal program, in which the current Airbus 330 and
Intertrader, a Rockwell Collins company and premier provider of new and recertified aircraft components and engine parts, has selected Quantum Control MRO management software to manage their supply chain. Intertrade has global distribution centers in the US, London and Singapore with extensive inventory that covers multiple military and commercial equipment manufacturers, aircraft and engine platforms,
AerCap Holdings N.V. has entered into a definitive agreement with American International Group, (AIG) under which AerCap will acquire 100% of the common stock of International Lease Finance Corporation (ILFC), a wholly-owned subsidiary of AIG. Under the terms of the agreement, AIG will receive $3.0bn in cash and 97,560,976 AerCap shares. The transaction is expected
Werner Aero Services’ Jet Engine Division has completed the placement of four of its V2500-A5 engines this quarter with a major commercial customer. The engines were part of Werner’s Engine Division pool prior to the sale. Werner’s Jet Engine Division provides engine solutions to its customers around the world, focusing primarily on V2500, PW2000 and
Alcoa (AA) has signed a multi-year supply agreement with Airbus valued at approximately $110m for value-add titanium and aluminum aerospace forgings. Alcoa will produce the parts using its recently modernized 50,000-ton press in Cleveland, Ohio. This press uses state-of-the-art controls to meet stringent aerospace specifications and is uniquely capable of producing the world’s largest and
International Lease Finance Corporation (ILFC) has signed an agreement with Air Calédonie International (Aircalin), New Caledonia’s international airline, for the lease of a used Airbus A320-200. The aircraft will support the airline’s efforts to meet growing demand for air travel in the region. The aircraft is scheduled for delivery in the middle of 2014 and
Alaska Airlines and the Association of Flight Attendants have reached tentative agreement on a new five-year contract for the carrier’s 3,300 flight attendants. Once the tentative agreement is approved by the union’s leadership, Alaska Airlines’ flight attendants will conduct a ratification vote that is expected to be completed in mid-February 2014. The current contract became
AirAsia received approval to fly Required Navigation Performance (RNP) flight paths in Malaysia, with support from GE Aviation. The Malaysia Department of Civil Aviation Authority (DCA), the regulator and air navigation service provider, granted the nation’s first RNP operations approval November 28th following a successful RNP flight validation conducted at Penang October 18th. GE Aviation,
