AirAsia X extended its contract with AFI KLM E&M covering the component support for its fleet of Airbus A330s and A340s. The initial contract inked in 2009 only covered one leased aircraft, but has been extended twice in order to support the expansion of the Malaysian carrier. This includes the 25 new A330s ordered from
Werner Aero Services has begun the tear down of one of its A319 aircraft that was last operated by TAM. The teardown process takes place in Arizona and is expected to be completed in August. “The components from this aircraft will be used to support Werner’s Airbus customers. The availability of these components will help
Monarch Aircraft Engineering (MAEL) has assisted Tasman Cargo Airlines (TCA) in gaining its Civil Aviation Safety Authority (CASA) Part 42 approval, which is Australia’s equivalent to the EASA Part M approval. MAEL’s technical service team provided full management support of the regulatory approval process for the Australian carrier’s Boeing 757 aircraft which has transferred on
Triumph Group reported that net sales for the first quarter of fiscal year ending March 31, 2014 totaled $943.7m, a 6% increase from last year’s first quarter net sales of $887.7m. Organic sales for the quarter decreased 2% primarily due to a decline in non-recurring revenue. Net income for the first quarter of fiscal year
SR Technics, part of the Mubadala Aerospace MRO network, has signed a contract with Finnair for the provision of heavy maintenance visits (D-checks), including paint works, on two of the airline’s Airbus A320s. The work will be completed at SR Technics Center of Excellence for narrowbody aircraft maintenance in Malta, and the first aircraft has
Etihad Airways, the national airline of the United Arab Emirates (UAE) has unveiled plans to acquire 49% of JatAirways. The Abu Dhabi-based carrier has also been awarded a five year management contract for the Serbian national airline. These are two of the key components of a wide-ranging strategic partnership agreement, signed by Etihad Airways and
Bombardier Aerospace’s revenues amounted to $2.3bn for the three-month periods ended June 30, 2013 and 2012. EBIT before special items totalled $107m or 4.7% of revenues for the second quarter ended June 30, 2013, compared to $99m or 4.4%, last fiscal year. Free cash flow usage totalled $459m (including net addition to property, plant and
Airbus has achieved initial EASA certification of its innovative Runway Overrun Prevention System (ROPS) technology on A320ceo Family aircraft. This on-board cockpit technology, which Airbus has pioneered over several years and is now in service on the A380, increases pilots’ situational awareness during landing, reduces exposure to runway excursion risk, and if necessary, provides active
Beechcraft Corporation has secured an order for up to a total of 105 King Air 350i aircraft, valued at $788m, from Wheels Up, a membership-based private aviation program that eliminates fixed costs and provides unparalleled flexibility established by Kenny Dichter and the team that founded Marquis Jet, which redefined private air travel with the first
FLY’s net income for the second quarter of 2013 was $5.9m compared to $25.7m in the same period of 2012. The decline in net income is the result of a decline in operating lease revenue, gains from aircraft sales during the second quarter of 2012 and expenses associated with delivering aircraft to new lessees, partially
