Mxi Technologies, a leader in aviation maintenance management software, announced that its Maintenix system has been selected by a start-up operator in the People’s Republic of China, as its Maintenance, Repair and Overhaul (MRO) standard. With plans to begin operations in early 2014, the operator (who requested anonymity) required a system that could be up
Boeing participated in a groundbreaking ceremony on November 25th, with Incheon and Korean Air for construction of Korea’s largest new aviation training facility to be located in Incheon’s Free Economic Zone (IFEZ). The new campus, which is slated to open in 2015, will allow Boeing to expand the scope of its training business in Korea
Textron has signed agreements to acquire two flight simulation and aircraft training product companies – Mechtronix Inc., located in Montreal, Quebec and OPINICUS Corporation, located in Lutz, Florida. These companies combined with Textron Systems’ existing training and simulation business, which serves the military aircraft market through its facilities in Goose Creek, South Carolina, will form
UK-based passenger aircraft seat manufacturer Acro Aircraft Seating will equip Airbus A320 aircraft with its Ultra XC wider and lighter economy class reclining seat from the first quarter, 2014. The seat, boasting a width of 18.1 inches for window and aisle seats and 19.3 inches for the middle seat, will offer passengers more ‘personal’ space,
Chromalloy, a leading supplier of gas turbine engine component repairs, coatings and castings, reported its acquisition of Trac Group, a tier one component supplier to the aerospace and energy industries. Trac Group provides design, engineering and manufacturing of high and low pressure complex turbine components including blades, segments and vanes for the engine hot section.
HEICO Corporation reported that it increased its $670m revolving credit facility (the “Facility”) to an aggregate potential future capacity of $1Bbn and that it also extended the facility by an additional year until December 2018. Under the amendment, $800m of the Facility is now fully committed for funding and an additional $200m has been committed
In line with the airline’s efforts to develop and strengthen its flight network, especially in the domestic sector, Garuda Indonesia, the national airline of Indonesia, announced its brand new sub-brand “Explore” along with the introduction of the airline’s ATR72-600 aircraft into its fleet, on November 25th, 2013. Garuda Indonesia will operate “Explore” flight through ATR72-600
Southern Air Holdings has awarded MTU Maintenance an exclusive long-term maintenance and lease engine provisioning contract covering all present and future General Electric (GE) CF6-80C2 engines in Southern Air’s 747-400 freighter fleet. The contract with the U.S. based cargo carrier is valued at over $100m.
Iberia, the Spanish carrier, has taken delivery of its fifth A330-300 from BOC Aviation. The aircraft is the first to carry Iberia’s new livery and is named after Spanish King Juan Carlos I. Iberia, an International Airlines Group (“IAG”) airline, has now taken delivery of nine Airbus aircraft out of 12 leased from BOC Aviation,
Palm Beach Capital, a middle market private equity firm based in West Palm Beach, FL, has acquired 60% of the membership interests of CTS Engines, LLC, from Neff Capital Management, which will retain a 40% ownership. Brian Neff, the Managing Partner of Neff Capital Management, will remain as Chief Executive Officer of the company. Additional
