International Airlines Group (IAG) has secured firm orders and options for up to 220 Airbus A320 family shorthaul aircraft – up to 120 of these for its subsidiary Vueling. The new aircraft will enable the Barcelona-based airline to replace some of its existing A320 fleet and expand its business. The Vueling agreement comprises 62 firm
AWAS has entered into an agreement with Sunwing Airlines to place a second new 737-800 aircraft on long term lease with the airline. This aircraft will come from AWAS’ existing new order pipeline. Sunwing Airlines is a Canadian high frills, low cost airline.
Triumph Group announced the signing of a definitive agreement to acquire General Donlee Canada, a leading manufacturer of flight critical complex machined components. Triumph will pay a total of approximately $110.0m in cash to acquire General Donlee’s outstanding equity and retire its existing debt. The transaction is subject to customary closing conditions, including the approval
SAS has finalized the delivery stream of 12 MD82/83/87 aircraft (49383, 49605, 49606, 49607, 49609, 49611, 49642, 53010, 53011, 53165, 53337 and 53340) as well as 12 spare JT8D-217C/219 engines to Allegiant Air and its subsidiaries. The sale was agreed to in April 2011 and the deliveries have matched SAS’ continued phase-out of its MD80
Fifth Street Finance Corp. reported the formation of a new portfolio company in the aircraft leasing sector, First Star Aviation. Pradeep Hathiramani, former Principal and Sector Head of Transportation at KKR Asset Management, will lead the operations of First Star as Managing Director. Mr. Hathiramani will help build an experienced team focused on acquiring and
UTC Aerospace Systems is working with Sikorsky Aircraft to drive advancements in rotorcraft technology as part of Sikorsky’s self-funded Matrix Technology autonomy research and development program. With Matrix Technology, Sikorsky aims to significantly improve the capability, safety and reliability of vertical take-off and landing aircraft. Sikorsky announced this week the first flight of an S-76
Chromalloy announced a Repair License Agreement as well as a Supplier Agreement with Honeywell. The 10-year agreements cover aircraft engine components and engineering services for parts, and special coating processes. The Supplier Agreement and Repair License Agreement commenced on August 12th, 2013 and cover a full range of Honeywell systems that power commercial, cargo, military
BAE Systems Regional Aircraft has won a three-year extension to its existing MACRO rate-per-flying-hour spares support contract with Greek regional airline Sky Express. Sky Express first enrolled on to the MACRO (Material and Components Repair and Overhaul) programme in June 2008 and this new extension will see the airline enjoy the benefits of this service
B/E Aerospace (BEAV), has initiated an expansion of its Consumables Management (CM) Segment into the oil and gas services industry via the acquisition of Blue Dot Energy Services, a provider of parts distribution, rental equipment, and on-site services. The acquisition purchase price including expenses is approximately $75m. The transaction is expected to close by the
The Group posted quarterly revenue of $1.59bn, compared with the prior year revenue of $1.57bn for the same period. Revenues for the Group’s Aerospace, Electronics and Land Systems sectors at $506m, $354m and $392m respectively were comparable to 2Q2012. EBIT totalled $177.7m, an increase of 7% from $165.9m a year earlier. Group profit before tax
