Boeing has selected BAE Systems to provide the spoiler control electronics for the new Boeing 737 MAX. The successful outcome of this competitive procurement was largely driven by the BAE Systems team’s ability to demonstrate a system that showed technical readiness and reduced development risk when introduced on the Boeing 737 MAX.
Air France has selected UTC Aerospace Systems to be the maintenance, repair and overhaul services (MRO) provider for various actuation, air management and electrical systems on Embraer E-Jet fleets that Air France supports for its customers. This is UTC Aerospace Systems’ first contract for E-Jet repairs with Air France. The three-year agreement covers MRO services
Airstream International Group has arranged in collaboration with a large US based Lessor, the purchase and onward lease of 1 ATR42-500, to Hevilift Group. MSN501, previously owned by Danish Air Transport, Denmark, will be used to supplement Hevilift’s fleet of two ATR42-320s and three DHC-6 aircraft. Airstream has had a very successful first half of
A €180m syndicated revolving credit facility for Finnair Plc. with Handelsbanken as coordinator and Handelsbanken, Pohjola, Nordea, Skandinaviska Enskilda Banken and Danske Bank as mandated lead arrangers, was signed on 2nd July 2013. The Facility carries a maturity of 3 years.
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
