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
AerData, a provider of software and services for the aviation industry announced that Boeing will use STREAM records management solution in support of its GoldCare program for airline fleet maintenance. STREAM (Secure Technical Records for Electronic Asset Management) is the industry’s foremost web-based solution used by the world’s leading airlines, lessors and MROs to manage
Reliance Aircraft International, Austin, TX is disassembling an ex-Gulf Air 767-300ER, -80C2 power (24485). Terry Hix, President states “This will be the 10th aircraft disassembled by RAI since its company launch in 2011. RAI’s diverse inventory along with the extensive knowledge of both Boeing and Airbus aircraft by our team allows us to support a
PEMCO World Air Services announced the approval of its Boeing 737 300/400 passenger to freighter modifications by ANAC (Agência Nacional de Aviação Civil), Brazil. Expansion into Brazil adds to PEMCO’s global reach and represents the 30th major national aviation authority certification of its industry-leading 737-300/400 Freighter, Combi and Quick Change products. Approval by ANAC was
China Aviation Industry General Aircraft (CAIGA) signed an agreement with GE Aviation to become the first Authorized Service Center for the H80 turboprop engine family in China. With this agreement, CAIGA Customer Service Center can perform line maintenance inspections and routine engine maintenance, including removal and replacement of H75, H80 and H85 engines and engine
AAR announced a five-year contract with ExpressJet Airlines to provide landing gear overhaul services on its fleet of 104 Embraer ERJ-145XR aircraft. AAR will perform gear overhauls in a dedicated regional aircraft product area at its 180,000-ft² Landing Gear Services MRO facility in Miami. ExpressJet, a wholly owned subsidiary of SkyWest, is the world’s largest
EirTrade Aviation Ireland has completed the acquisition of a 737-500 aircraft which will be dismantled in their hangar at Ireland West Airport, Knock, Co. Mayo. This is the first 737CL aircraft to be purchased by EirTrade for teardown and will be the third aircraft to be disassembled at their facility, this year. EirTrade Aviation Ireland
Cirrus Aircraft announced the Vision SF50 personal jet program has made significant progress toward certification, including acquisition of manufacturing equipment to build the new airplane. The company confirms that first delivery is still scheduled for late 2015. The next steps in the Vision SF50 jet program involve building conforming aircraft for further certification testing and
WestJet announced its 33rd consecutive quarter of profitability, with record second quarter net earnings of $44.7m. This compares with the net earnings of $42.5m reported in the second quarter of 2012. These results include $8.4m of one-time pre-tax transition costs associated with WestJet’s business transformation initiative. Based on the trailing twelve months, the airline achieved
Sibylle Pähler has joined Dr. Peter E. Hein and Bernd Reber as managing director of Doric GmbH. She is responsible for the acquisition and structuring of investments. Ms. Pähler has been with Doric since its founding. She has held a number of senior positions and played a major role in growing Doric‘s product portfolio. Prior
