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 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
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 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
Aircell, a leading provider of in-flight connectivity equipment and services to the business aviation market, released that its Gogo Biz service will expand to include voice capabilities, beginning October 1st. Gogo Biz was originally launched in 2009 as an Internet-only service in the business aviation market. Because Gogo Biz operates on Aircell’s air-to-ground technology, its
Turbomeca (Safran) unveiled for the first time the Ardiden 3G engine installed on a prototype of the Russian helicopter Kamov 62, at the MAKS air show. The maiden flight is scheduled for the next few weeks. The Colombian operator Vertical de Aviacion ordered five Kamov 62 helicopters on the opening day of the air show.
HEICO CORPORATION reported that net income increased 25% to a record $28.9m for the third quarter of fiscal 2013, up from $23.1m for the third quarter of fiscal 2012. For the first nine months of fiscal 2013, net income increased 18% to a record $72.6m from $61.4m for the first nine months of fiscal 2012.
Unique Airmotive Services (UAS) announced that the European Aviation Safety Agency (EASA) has given UAS their EASA certificate (Cert #EASA.145.6499). This approval will allow UAS to pursue a number of International Airlines as well as International Maintenance and Repair Organizations (MRO’s) for the repair and overhaul of their APU’s and Accessories.
Sukhoi Civil Aircraft Company and Ilyushin Finance Co (IFC) signed two firm contracts for the delivery of 20 Sukhoi Superjet 100 aircraft. The first contract included five SSJ100 LR aircraft in 103-seat configuration. An increased passenger capacity will be provided by means of slimmer seats installation. The first deliveries are expected at the end of
On August 27 a three-party delivery contract for six Sukhoi Superjet 100 aircraft was signed by Sukhoi Civil Aircraft Company (SCAC), UTair Aviation and VEB-Leasing at the International Aviation Space Salon MAKS. The delivery of the aircraft is scheduled for 2014. Pursuant to the contract VEB-Leasing purchases from SCAC six Sukhoi Superjet 100 aircraft totaling
