Global Eagle Entertainment has acquired Travel Entertainment Group Equity, the UK-based parent company of IFE Services Limited (IFE Services) from GCP Capital Partners for approximately $36m in cash. IFE Services is a leading provider of in-flight entertainment services to airlines and cruise lines worldwide. The acquisition expands Global Eagle’s leadership in delivering content and software
Boeing will adjust the production rate for the 747-8 program from 1.75 airplanes to 1.5 airplanes per month through 2015 because of lower market demand for large passenger and freighter airplanes. “This production adjustment better aligns us with near-term demand while stabilizing our production flow, and better positions the program to offer the 747-8’s compelling
AWAS has agreed with Aeromexico to place one new 737-800 passenger aircraft from its pipeline on long-term lease and also to purchase and then lease back (PLB) another 737-800 that the airline had previously ordered directly from the manufacturer.
StandardAero has signed an exclusive, two-year maintenance agreement with Air Nostrum for 31 auxiliary power units (APUs). The APUs are manufactured by Honeywell – Model RE220RJ. All work will be performed in the U.S. at StandardAero’s Maryville, Tenn., facility. Air Nostrum is an independent regional airline based in Valencia, Spain.
Rolls-Royce North America officially opened its second outdoor jet engine test stand, an investment of $50m, at the Rolls-Royce Outdoor Jet Engine Test Facility at NASA John C. Stennis Space Center in Hancock County, Miss. The new jet engine test stand will play a key role in the company’s development of next generation technology that
PEMCO World Air Services (PEMCO) announced the redelivery of its second special mission 737-400C to Safair for operation in Africa. This versatile PEMCO-built Combi will be used primarily in support of global humanitarian and charitable relief organizations. This latest delivery is a 737-400 Combi with PEMCO designed “Swiss army knife” cargo loading system, capable of
Israel Aerospace Industries’ (IAI) Bedek Aviation Group has signed licensing agreements with Boeing modifications of the B767-200/300 and the B747-400, including passenger to freighter conversions. The agreements apply to 72 DSF767-200/300 aircraft and 29 BDSF747-400 aircraft previously converted by IAI for various customers, as well as future IAI conversions. Bedek Aviation Group has been a
CFM International and Romanian flag carrier TAROM celebrated the achievement of one million flight hours and half a million flight cycles by the airline’s fleet of CFM56 engines. TAROM has been a CFM customer for 20 years and currently operates a fleet of 13 CFM56-powered aircraft, including Airbus A318s and Boeing 737 Classic and Next-Generation
AMR Corporation reported net profit of $530m, excluding reorganization and special items, a $420m improvement year-over-year; Revenue of $6.8bn improved 6.2% year-over-year, while consolidated unit costs, excluding fuel and special items, improved 5.0% year-over-year. AMR ended the third quarter with approximately $7.7bn in cash and short-term investments, including restricted cash, compared to a balance of
Boeing and China Southern Airlines recently completed successful demonstration flights using Required Navigation Performance – Authorization Required (RNP-AR) procedures at the Kanas Airport, Xinjiang Province, China. The Kanas procedure development, which is the first RNR AR implementation in the Xinjiang Region, is also the first collaborative RNP AR project between China Southern Airlines and Boeing.
