GE has completed the acquisition of the aviation business of Avio S.p.A., a leading, Italy-based provider of civil and military aviation components and systems. The purchase price was $4.3bn U.S. (€3.3bn). GE did not purchase Avio’s space unit. Avio’s aviation business has been renamed Avio Aero, a GE Aviation business. Avio Aero will retain headquarters
ANA has ordered three additional 777-300ER (extended range) airplanes. The order, valued at approximately $945m at current list prices, will increase the total number of 777s in ANA’s fleet to 57 airplanes once delivered.
Fifty years after delivering its very first engine to Beechcraft Corporation, P&WC has celebrated with Beechcraft another historic milestone during EAA AirVenture (EAA), in Oshkosh, Wisconsin, with the delivery of its 80,000th engine, a PT6A-60A set to power the King Air 350i. “As we are celebrating the 50th anniversary of this iconic engine that marked
Denim, a leading provider of flexible aircraft & crew capacity solutions for airlines, virtual airlines and non-governmental organizations worldwide, has signed a new contract for AviNet Mail and GLOBALink ACARS. AviNet Mail provides reliable and economical Type B, e-mail and SMS messaging for mission-critical business-to-business communications for the aviation industry. ARINC’s GLOBALink ACARS solution provides
Volaris has selected Pratt & Whitney PurePower PW1100G-JM engines to power its order of 30 firm A320neo aircraft. The airline becomes the first Mexican airline to select the Geared Turbofan. Volaris also selected the IAE International Aero Engines AG V2500 engine to power its order for 14 A320ceo aircraft. This Volaris order is for engines,
EADS reported increased revenues and profitability for the first half of 2013, driven mainly by its commercial aircraft business. Order intake increased sharply to €96.6bn with the order book value reaching €634.8bn at the end of June. The reported EBIT amounted to €1.5bn with a half-year Net Cash position of € 5.9bn. In the first
Boeing is enhancing its flight training support for customers of the 787 Dreamliner with an additional 787 full-flight simulator at the Boeing Flight Services campus in London. The new device, ready for training in the first quarter of 2014, will join two other 787 flight simulators currently used for training airline pilots at the London
As part of the recently launched plan to improve the financial position of SAS Group, 4 Excellence Next Generation, SAS has now finalized the sale and leaseback of six Boeing 737-600´s to Deucalion Capital X Limited (advised by the German Bank DVB Bank SE) and the Irish based engine leasing company ELFC (Engine Lease Finance
FLY Leasing has taken delivery of a new Boeing 777-300ER aircraft on a purchase and leaseback transaction with LATAM Airlines Group (“LATAM”). Additionally, FLY has entered into a purchase and leaseback agreement with LATAM for a new Boeing 787-8 aircraft scheduled for delivery in September 2013.
SAS (Scandinavian Airlines System Denmark -Norway- Sweden) has on 30 July 2013 managed to accomplish a private placement of €35m. The private placement is unsecured and has a 5 years term. The funds will be used to support SAS’ longer term liquidity level and be used to pay off upcoming unsecured maturing debt. The private
