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
Lufthansa Technik AG is once again expanding its involvement in the provision of technical support for the Boeing 787, after signing an agreement with Air Canada. Canada’s largest airline has signed a 12-year Total Component Support TCS contract with Lufthansa Technik, starting with the delivery of the first aircraft from Boeing to Air Canada in
The Association of Support Service Industries (PALTA) and the Finnish Air Line Pilots’ Association (SLL) have reached a new collective labor agreement for Finnair’s pilots. The new collective labor agreement comes into effect on February 1st, 2014 and it is in line with the central Pact for Employment and Growth. The three-year contract includes a
Kuwait Airways, the National airline of Kuwait, has signed a Memorandum of Understanding (MoU) to buy ten A350-900 and fifteen A320neo Family aircraft. The order is part of Kuwait Airways’ fleet renewal strategy. The carrier already operates three A320, three A310, five A300 and four A340 Family aircraft.
Turkish Airlines will become the first European airline to operate A320 Family aircraft with production-retrofitted Sharklet wingtip devices. This will follow the installation, which has just been completed, by Turkish Technic MRO of Sharklets onto the first of nine A321s to be retrofitted for Turkish Airlines. All nine aircraft will be upgraded for the airline
The Italian Police has taken delivery of a fifth AW139 intermediate twin engine helicopter which will be based in Reggio Calabria. The contract, which was signed in July last year, includes a total of eight AW139 helicopters. Designated UH-139C, the Italian Police’s helicopters operate from bases in Southern Italy (Bari, Palermo and Reggio Calabria) as
