AAR has signed a five-year contract to become the sole supplier of approximately 25,000 consumable and expendable line-item parts for a major commercial airline customer. The contract is valued at approximately $42m in annual revenue. AAR will act as an aggregator, procuring and managing the parts and providing them to the customer’s main warehouse facility
The Nexcelle joint venture of Aircelle (Safran) and GE Aviation’s Middle River Aircraft Systems – which is building engine nacelles for the next generation of integrated propulsion systems – has marked a key program milestone by shipping its initial major production component: the no. 1 inlet for GE Aviation’s Passport business jet engine. This represents
Norwegian Air Shuttle ASA, one of the leading low-cost carriers in Europe, and Lufthansa Technik AG have extended the current wheels & brakes services contract for the airline’s Boeing 737 fleet. The new contract runs over a period of seven years and also covers pooling and home-base lease services for Norwegian Air Shuttle’s growing Boeing
On December 5th, 2013, LOT Aircraft Maintenance Services (LOTAMS) has signed another contract with Air Dolomiti. The agreement provides LOTAMS to perform five “C” checks on Embraer ERJ-195 aircraft in the first quarter of 2014.
Monarch Aircraft Engineering reported 24.2% increase in revenues to £107.2m for the full year 2013 and 26% growth in revenue from 3rd party customers. MAE posted 80% increase in maintenance capacity following the opening of a new state-of-the-art facility at Birmingham Airport. Furthermore the company introduced Bombardier and Embraer type aircraft servicing capability.
EADS presented a restructuring plan on December 9th, for its future Airbus Defence and Space Division (Airbus DS) to the European Works Council. This presentation follows a decision by the EADS Board of Directors in July this year to consolidate the defence and space businesses of the Group into one new Division and to rebrand
Eurolot S.A. of Warsaw, Poland has reaffirmed its confidence in Bombardier’s Smart Parts program by enrolling its three newest Q400 NextGen aircraft. Eurolot, which took delivery of the new aircraft on October 29th, 2013, now has a total of 11 Q400 NextGen aircraft enrolled in the program. The Smart Parts agreement is customized to meet
Boeing, which released its seventh annual aircraft finance market forecast on December 10th, projects that investors and financiers in the major aircraft finance markets will deliver balanced liquidity to fund what is expected to be another record global jetliner production year in 2014. Boeing forecasts industry jetliner deliveries in 2014 totaling $112bn, with 95% of
Astronics Corporation, a leading provider of advanced technologies for the global aerospace and defense industries, confirmed that it completed the acquisition of PGA Electronic (“PGA”) on December 5, 2013 for approximately $31.2m. Approximately $17.5m of the purchase price was paid in cash and the balance was paid by the issuance of 264,168 shares of Astronics
Swiss-AS, provider of M&E software solution AMOS, announced the latest addition to its loyal customer base: UTair Aviation Group. Initially, UTair will implement AMOS for approximately a quarter of its fixed-wing fleet while more aircraft are to follow soon after the go-live. Russian airline UTair operates scheduled domestic and international passenger services, scheduled helicopter services
