GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of GE, released that Stephane Daillencourt has been promoted to Executive Vice President, Aviation Financing Operations. Based in Singapore and reporting to GECAS President and CEO Norman Liu, Daillencourt will be responsible for overseeing all structured finance and capital markets activity as well
On November 6, 2013 the third Sukhoi Superjet 100 for the Mexican airline Interjet landed in Toluca (Mexico) to join the other two SSJ100 already in service with the airline. The aircraft was rolled out from SuperJet International’s hangar in Venice (Italy) upon completion of customization and technical acceptance procedure on November 5, 2013. On
GE Aviation, which consumes more than 10m gallons of jet fuel annually at its engine testing centers, will broaden its fuel source beginning in 2016. GE Aviation has signed an agreement to purchase cellulosic synthetic biofuel from The D’Arcinoff Group (DG), based in Washington, D.C., to be used for production and development testing of GE
Air Transport Services Group, a leading provider of aircraft leasing, and air cargo transportation and related services reported consolidated financial results for the quarter ended September 30, 2013. Revenues decreased 8.4% to $140.9m. Revenues increased 1.4% from the second quarter of 2013. Net earnings from continuing operations decreased 32.5% to $7.8m but were up 12.8%
The Peruvian Interior Ministry has received the first of four twin-engine Eurocopter EC145 helicopters that are set to modernize the fleet of the National Police of Peru. These new aircraft—the first units of this model to reach Peru—will be stationed at the Police Aviation Unit’s main base, from where they will perform public security missions
Astronics Corporation released that consolidated sales for the third quarter of 2013 increased by 30.2% to $89.7m compared with the same period last year. Aerospace sales of $87.5m, which represented 97.6% of the consolidated total, increased by $21.7m, including $15.7m associated with the acquisition of Peco. Test Systems sales decreased $0.9m to $2.1m. Consolidated gross
The Philippine Air Force has signed a contract for eight AW109 Power light twin helicopters. These aircraft will be used to perform a range of duties including homeland security, armed reconnaissance and close support. Deliveries will start in 2014. The contract also includes initial logistics support and training for aircrew and maintenance personnel.
AeroTurbine, a wholly owned subsidiary of International Lease Finance Corporation (ILFC), has completed the 100th light/heavy C check for Frontier Airlines’ fleet of Airbus A319 and A320 aircraft, reaching a new milestone for its aircraft maintenance, repair, and overhaul (MRO) services provided to the airline. AeroTurbine and Frontier Airlines began their collaboration in March 2011.
Lease Corporation International (LCI), the aviation division of the Libra Group, has delivered a new AugustaWestland AW139 helicopter to SFS Aviation in Asia. SFS Aviation, the first operator of the AW139 in Thailand, has leased the helicopter as part of a medium-term commitment, and it will be used to provide offshore support services to a
Taikoo (Xiamen) Landing Gear Services (“TALSCO”) will resume operations in December 2013, after a localised fire at the premises in November last year. TALSCO’s U.S. Federal Aviation Administration approvals have been reinstated for the Company’s capabilities on the full series of Boeing 777s, 767s, 757s, 747s, 737NGs, 737CLs and Airbus A320s. It is expected that
