Precision Conversions announced that the company has won a contract to provide Air China Cargo, (a Joint Venture between Air China and Cathay Pacific Airways), a total of four full 15-cargo position 757-200PCFs. The first aircraft was inducted for modification at the Taikoo Aircraft Engineering maintenance facility in Xiamen on July 31st. The second aircraft
Rockwell Collins has reached a definitive agreement to acquire ARINC Incorporated, a portfolio company of The Carlyle Group, and a leader in communications and information processing solutions for the commercial aviation industry, for $1.39bn. The transaction will bring together two leading players in the growing field of aviation information management, combining ARINC’s trusted networks and
AAR has signed an agreement with the Chennault International Airport Authority to open its 6th North American aircraft Maintenance, Repair and Overhaul (MRO) facility in Lake Charles, Louisiana, at the Chennault International Airport. AAR will occupy approximately 520,000 ft² of MRO service and administrative space at the facility, capable of supporting maintenance operations for all
Avcorp Industries has received a purchase contract from Boeing for the production and supply of Tunnel Cover Assemblies for the CH-47 Chinook Helicopters. Each shipset of Tunnel Covers consists of several large and complex metal bonded aerostructures. These Tunnel Covers act as access covers to the driveshaft, which runs between the two main rotors of
Japan Airlines (JAL) has signed a General Terms Agreement (GTA) with AJW Aviation, a leading independent integrated aircraft support specialist, to provide spares support across its fleet and subsidiary airlines. AJW will support Japan Airlines’ fleet of Boeing aircraft from its Singapore-based facility which offers extensive service-ready Boeing component inventories to help minimise AOG delays
Milestone Aviation Group, a global leader in helicopter leasing, has closed on a five-year, $600m revolving credit line that includes an unfunded revolving accordion feature to expand the borrowing capacity up to $750m. This revolver represents the largest-ever debt facility for a helicopter lessor and will be used to fund growth initiatives and acquisitions. Since
FLY Leasing, a global lessor of modern commercial jet aircraft, acquired a 2013 vintage Boeing 737-800. The aircraft is on a long-term lease to a leading carrier in China. The purchase was financed with FLY’s unrestricted cash and its aircraft acquisition facility.
Air Lease Corporation reported that revenues in the second quarter increased 31.4% to $207.9m for the three months ended June 30, 2013 compared to $158.2m for the three months ended June 30, 2012. Income before taxes increased 51.1% to $66.3m with a pretax margin of 31.9% for the three months ended June 30, 2013 compared
IBA has completed the sale and transition of an ex-Privatair BBJ serial number 34303. IBA was mandated in 2012 to exclusively remarket the aircraft for sale worldwide, and IBA’s technical team was also engaged to manage the redelivery back to the owner client.
GE Aviation named Comlux as an authorized service center for GE’s CF34-3 engines that power the Bombardier Challenger series. With this agreement, Comlux can perform line maintenance inspections and routine installed engine maintenance, including removal and replacement of engines and engine components. This authorization also allows Comlux to provide OnPoint solution and GE’s new engine
