AeroCentury, an independent aircraft leasing company, reported its operating results for the third quarter ended September 30, 2013. The Company reported a net loss of $0.3 million for the third quarter of 2013, compared to net income of $1.1m for the third quarter of 2012. The Company reported net income of $4.6m for the nine
Airbus has achieved assembly of the engine pylon for the first A320neo to fly. The pylon, which has just been completed at the dedicated pylon facility in St Eloi in Toulouse, is the first major airframe component assembly to take place for the NEO programme. In parallel with this pylon construction, other major NEO components
IAG reported third quarter operating profit of €690m (2012: €270 million) before exceptional items, at constant currency, third quarter passenger unit revenue was up 6.7% (excluding Vueling 7.4%) and non-fuel unit costs was down 4.3% (excluding Vueling up 0.6%). Operating profit for the nine month period was €657m (2012: €17m) before exceptional items. Revenue for
The second Boeing 787-9 Dreamliner completed a successful 4-hour, 18-minute first flight on November 7th. As the only 787-9 test airplane to be fitted with elements of the passenger interior, ZB002 will test systems such as the environmental control system in addition to avionics and other aspects of airplane performance. Boeing has conducted a series
Willis Lease Finance Corporation (WLFC) reported net income attributable to common shareholders was $9.1m for the first nine months of 2013, compared to a loss of $3.0m in the first nine months of 2012. A significant improvement in portfolio utilization in the current quarter was overshadowed by asset write-downs and engine repair expenses. In the
FLY’s net income for the third quarter of 2013 was $304,000 compared to a loss of $29.4m in the same period of 2012. Operating lease revenue decreased from $84.4m for the third quarter of 2012 to $78.4m for the third quarter of 2013, primarily due to a decrease in end of lease income from $5.8m
Rolls-Royce has been awarded a $50.7m MissionCare contract extension by the US Department of Defense to provide continued support for the F405 (Adour) engines that power the US Navy’s T-45 training aircraft. The contract extension will continue the successful MissionCare support which has provided the US Navy’s training fleet with guaranteed availability over the past
Revima APU has been an Authorized APU Repair Facility for Pratt and Whitney Aero Power (formerly Hamilton Sundstrand Power Systems) for 10 years, serving APU customers worldwide. As a natural outcome of the strong and mutually beneficial relationship which has been developed over the years, Pratt and Whitney Aero Power has expanded Revima APU’s authorizations
Altra Holdings has signed a definitive agreement to acquire the shares of Svendborg Brakes A/S and S.B. Patent Holding ApS (together “Svendborg”) for a cash consideration of €80.1m, less the cash remaining on the balance sheet at close, which is payable upon completion of the acquisition. Altra intends to finance the transaction through a combination
Willis Lease Finance Corporation (WLFC) reported the launch of Willis Aeronautical Services (“WASI”), a new wholly-owned subsidiary which will provide ‘end-of-life’ solutions for aviation materials and services related to aircraft engines. In conjunction with the formation of WASI, Willis Lease acquired most of the assets and hired the team of professionals from JT-Power (“JT-Power”), a
