Finnair has signed a Memorandum of Understanding with global aircraft leasing and financing company GECAS (GE Capital Aviation Services) on the sale and leaseback of two Airbus 330 aircraft and two ordered Airbus 350 aircraft. The value of the arrangement is approximately €320m. The financial arrangement is a part of the long-haul fleet renewal program,
Exelis has been selected by Boeing to produce composite airframe substructures for the 787 Dreamliner. Work will begin immediately at the Exelis composite design and manufacturing center in Salt Lake City, Utah. Exelis is a long-standing trusted supplier to Boeing providing composite storage tanks for the 737, 747, 767 and 777 models.
Macquarie Infrastructure Company (MIC) released that its Atlantic Aviation business has entered into an agreement to acquire certain of the assets of Galaxy Aviation, including substantially all of the assets of five fixed base operations (FBOs) and one new hangar that is currently under construction at one of the five airports at which the FBOs
Air Canada announced its mainline narrowbody fleet renewal plan that includes commitments, options and rights to purchase up to 109 Boeing 737 MAX aircraft. The new aircraft will replace Air Canada’s existing mainline fleet of Airbus narrowbody aircraft, creating one of the world’s youngest, most fuel efficient and simplified airline fleets. The agreement with Boeing,
Direct Maintenance, an independent wide body dedicated line maintenance provider from The Netherlands, has started providing line maintenance support to the B787. The Dreamliner is the most sophisticated Boeing aircraft ever produced and the first commercial wide body jet with its primary structure made predominantly out of composite materials. The first support event took place
Eurocopter delivered two EC225s to Waypoint Leasing, a leading global helicopter leasing company. Waypoint has signed an agreement to provide the aircraft to Avincis Group’s subsidiary, Bond Helicopters Australia, to use for offshore crew change missions. Earlier this year, Eurocopter and Waypoint Leasing established a comprehensive commercial and marketing partnership for helicopter leasing, which includes
PPG Industries has expanded its aerospace business operations in Japan with the relocation of its application support center to a site in Miyoshi that supports increased production capacity, adds warehouse space and affords new service capabilities. The new site in Miyoshi Kurozasa Industrial Park includes a 1,994 m² manufacturing facility and office as well as
ATC Aerospace and Airline Services Components (ASC) announced a partnership designed to meet and support customers’ APU lease requirements. ATC Aerospace will consign a variety of Auxiliary Power Units to the UK parts specialist. This agreement will allow both parties to widen their customer base and develop closer ties for future collaboration. ASC will take
American Airlines has signed agreements with Bombardier and Embraer to purchase 90 new 76-seat regional jets. Consistent with American’s Plan of Reorganization and Merger Agreement, these aircraft will provide much improved economics for the airline as they will replace smaller, less efficient 50-seat regional aircraft scheduled for retirement. American has firm orders for 30 Bombardier
AWAS has agreed with ANA Holdings (ANAHD) to the lease of an additional two new A320 aircraft from its order pipeline. ANAHD will use these additional aircraft to support the continued expansion of Vanilla Air, their low cost regional subsidiary which will be based in Narita and commence service with the following launch destina tions:
