Nimrod Capital and Doric Lease announced the successful listing of a new investment company on the London Stock Exchange (LSE). Doric Nimrod Air Three Ltd. (“DNA3”) aims to pay a quarterly dividend equivalent to 8.25% annum (based on the issue price of 100 pence per share) following the purchase and leasing of four Airbus A380
Boeing, International Lease Finance Corporation (ILFC) and Norwegian celebrated several milestones on June 27th during a delivery ceremony for a new 787 Dreamliner. It was the first 787 delivered to ILFC and its lessee, Norwegian, which will operate the airplane. The 787 also marked the 700th airplane Boeing delivered to ILFC.
Nepal’s national flag carrier, Nepal Airlines Corporation (NAC) has signed a firm order for two Airbus A320 aircraft equipped with Sharklet fuel saving wing tip devices, following a Memorandum of Understanding (MoU) agreed in April. The A320 was chosen for its unique performance capability required for high altitude airport operations and its flexibility that enables
Air Lease Corporation signed long term lease agreements with Monarch Airlines (United Kingdom) for two new Airbus A321-200 aircraft with Sharklets and powered by IAE V2533 engines, which are scheduled for delivery in April and May of 2015.
TransDigm Group announced that it acquired the assets of GE Aviation’s Electromechanical Actuation Division for approximately $150m in cash on June 28, 2013. The business, which will be conducted by TransDigm through a new entity, Whippany Actuation Systems, (Whippany), located in Whippany, New Jersey, manufactures proprietary, highly engineered aerospace electromechanical motion control subsystems for civil
Stansted-based charter specialist, Titan Airways, has boosted its airline support activity this summer in a two aircraft deal with Jet2.com. One of Titan’s three Boeing 757 aircraft has been contracted to the growing low-cost carrier on a damp lease basis and is currently based in Manchester, and Titan Airways’ Airbus A320-233 has been contracted on
In addition to previous agreements on base maintenance services Turkish Technic and Nordwind Airlines expand their relations and sign an agreement for APU maintenance. Under the agreement Turkish Technic will provide APU maintenance services to Nordwind Airlines for the APS3200 type APUs of its fleet.
Following an announcement at the Paris Airshow that Vector Aerospace has been appointed as a Sikorsky approved Customer Service Centre (CSC) in the United Kingdom, the company announced that the fourth Sikorsky VIP S-76 helicopter has been inducted into the maintenance facility in Gosport, Hampshire. The Customer Service Centres will offer Sikorsky S-76 operators complete
Eirtech Aviation confirmed details of a major contract win with one of the largest airlines in the world, Southwest Airlines. The Shannon-headquartered, Irish aviation services company has developed an innovative solution for Boeing 737 aircraft, for a technical modification that has been mandated by the Federal Aviation Authority (FAA). By 2016, all owners and operators
Ameco Beijing completed two Boeing 737-800 C-checks for Nok Air in June. It is the first time for Ameco to provide overhaul services for Nok Air. Nok Air is a new low-cost airline with one of the highest number of domestic routes now within Thailand. In recent years, Ameco is dedicated to expanding the 3rd
