Spirit AeroSystems announces salaried and management workforce reductions

August 30, 2013

Spirit AeroSystems announced additional workforce reductions in Wichita, Kan., to begin next month. The actions are the result of an ongoing workforce assessment designed to balance the workforce, reduce overhead costs, increase efficiency and drive improved performance. Reductions will be accomplished through a voluntary retirement program, a voluntary layoff program, and following the voluntary exercise,

Jazz Aviation concludes sale of London Ontario facility

August 30, 2013

Jazz Aviation has completed the sale of its London, Ontario hangar and office facility to Fanshawe College for $3.85m in cash. This transaction follows Jazz’s previously announced decision to consolidate its London and Halifax heavy maintenance bases in Halifax following a comprehensive review of its heavy maintenance requirements. In addition, the divestiture of the London,

RUAG grows in civil business and increases profitability

August 29, 2013

In the first half of 2013, international technology group RUAG increased net sales by 3.4% year-on-year to CHF845m (previous year: CHF817m). Earnings before interest and taxes (EBIT) rose 13% to CHF44m (CHF 39m). Civil business is gaining further in relation to military business: 56% of sales was generated by civil applications. The fastest growth was

Airbus and S7 Engineering to develop strategic A320 maintenance training partnership in Russia

August 29, 2013

During the International Aviation and Space Salon MAKS-2013, Airbus and S7 Engineering, part of Engineering Holding, signed an agreement to develop long term maintenance partnership in the region. As part of this, S7 Engineering, a leading maintenance and repair facility in Russia, will acquire Airbus training skills and standards to provide OEM-backed maintenance training capabilities

AgustaWestland and UTair sign Service Centre Agreement at MAKS 2013

August 29, 2013

AgustaWestland, a Finmeccanica company, announced the signing of a Service Centre Agreement with UTair Aviation of Russia during an official ceremony held at MAKS 2013. Under the agreement UTair will act as an authorized service station, providing a comprehensive range of support and maintenance services as well as an extensive spare parts inventory for AW139

Boeing forecasts increased global demand for airline pilots

August 29, 2013

Boeing projects the commercial aviation industry will need more than one million new pilots and technicians to support the expanding demand for new airplane deliveries over the next two decades. Projected pilot demand is increasing worldwide, as is demand for technicians in some regions. At an event marking the launch of 787 flight training at

Air Lease Corporation assigned investment grade rating by Standard and Poor’s

August 29, 2013

Air Lease Corporation has been assigned an investment grade corporate credit rating of BBB- with a stable outlook by Standard and Poor’s Ratings Services. Additionally, ALC’s senior unsecured notes due in 2016, 2017, and 2020 will also carry the same BBB- rating. Standard & Poor’s highlighted in its press release that the BBB- rating reflects

Transaero Airlines selects Engine Alliance GP7200 engines for Airbus A380 fleet

August 29, 2013

Transaero Airlines has selected Engine Alliance GP7200 engines to power its four Airbus A380 aircraft. Transaero has also agreed to a 12-year Fleet Management Agreement to cover the maintenance, repair and overhaul of the engines. The engine and Fleet Management Agreement is valued at more than $500m over the life of the agreement. The delivery

Ilyushin Finance Co. executes letter of intent for 50 Bombardier Q400 NextGen airliners

August 28, 2013

Moscow-based leasing company, Ilyushin Finance Co. has signed a letter of intent (LOI) to acquire 50 Q400 NextGen airliners that would be assembled in Russia under a joint venture that may be created by Bombardier and Rostekhnologii (“Rostec”). IFC’s LOI was finalized during the 2013 International Aviation and Space Salon, known as the MAKS 2013

Garmin announces G5000 flight deck modernization program for Beechjet 400A and Hawker 400XP

August 28, 2013

Garmin International, a unit of Garmin, a global leader in satellite navigation, will expand its portfolio of flight deck upgrades to include a G5000 modernization program for the popular Beechjet 400A and Hawker 400XP. The STC certification is targeted for approval in 2015 and will be available from select Garmin dealers. The Garmin G5000 flight

Top Stories

Spirit AeroSystems announces salaried and management workforce reductions

Jazz Aviation concludes sale of London Ontario facility

RUAG grows in civil business and increases profitability

Airbus and S7 Engineering to develop strategic A320 maintenance training partnership in Russia

AgustaWestland and UTair sign Service Centre Agreement at MAKS 2013

Boeing forecasts increased global demand for airline pilots

Air Lease Corporation assigned investment grade rating by Standard and Poor’s

Transaero Airlines selects Engine Alliance GP7200 engines for Airbus A380 fleet

Ilyushin Finance Co. executes letter of intent for 50 Bombardier Q400 NextGen airliners

Garmin announces G5000 flight deck modernization program for Beechjet 400A and Hawker 400XP

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