Apollo Aviation Group (“Apollo Aviation”), a multi-strategy aviation investment manager, has contracted to purchase 38 aircraft and eleven engines amounting to US$570m since inception for its second aviation fund, Sciens Aviation Special Opportunities Investment Fund II (SASOF II). The purchases approved by SASOF II Investment Committee this year include, but are not limited to, 12
Bombardier Aerospace appointed Éric Martel as President, Bombardier Business Aircraft. Mr. Martel succeeds Steve Ridolfi, who last week was appointed Senior Vice President, Strategy and Mergers and Acquisitions, Bombardier, reporting to Pierre Beaudoin, President and Chief Executive Officer, Bombardier. Both of these appointments are effective January 1, 2014.
Boeing and Air Europa celebrated the Spanish carrier’s 25th direct delivery of a Next-Generation 737-800. Air Europa showcased the latest addition to its fleet at a special event at its base on the Spanish island of Mallorca.
WestJet announced its third quarter 2013 results, with net earnings of $65.1m. This compares with the net earnings of $70.6m reported in the third quarter of 2012. Based on the trailing twelve months, the airline achieved a return on invested capital of 13.8%, compared with the 14.4% reported in the previous quarter, and one of
AerData, the provider of software and services for the aviation industry announced Etihad Airways, the national airline of the United Arab Emirates, is the latest airline to acquire STREAM aircraft records software. STREAM (Secure Technical Records for Electronic Asset Management) is the industry’s foremost web-based solution used by some of the world’s largest airlines, lessors
Hong Kong Aviation Capital, a leading investor in global aviation finance, announced DVB closed refinancing on two Asiana A320-200 aircraft. DVB Bank has closed a commercial financing facility with Hong Kong Aviation Capital (HKAC) in October 2013 for two 2006-vintage A320-200 aircraft on operating lease with Asiana Airlines. The German bank acted as arranger, agent
Assembly of MSN5, the fifth and final member of the A350 XWB flight test fleet is now underway with the fuselage joining process. This follows the recent arrival of the three fuselage sections at the A350 XWB final assembly line in Toulouse, France. MSN5 is the second of the A350 flight test aircraft that will
Rolls-Royce has opened an advanced production facility to manufacture components for some of the world’s most sophisticated military and commercial jet engines. The innovative $42m facility is designed specifically to manufacture engine compressor parts, and is the latest example of Rolls-Royce investment in Indianapolis and across the United States. More than 100 high-tech positions will
FL Technics, a global provider of aircraft maintenance, repair and overhaul services, and Transaero, the second largest air carrier in Russia, are further developing their cooperation. The two companies have signed a new agreement to install high-speed satellite Wi-Fi technology on Transaero’s Boeing 737 Next Generation aircraft. According to the agreement, FL Technics specialists have
Guangzhou Aircraft Maintenance and Engineering Company (GAMECO) signed an Authorized Repair Station agreement with ITT Aerospace Controls, a subsidiary of ITT. Under the terms of the agreement, GAMECO will serve as an authorized repair station in China for a number of parts installed on the rapidly growing fleet of B737 and other platforms such as
