Air Lease Corporation executed an amendment to its Bank Warehouse Facility. This facility, as amended, provides ALC with financing of up to $1bn. ALC is able to draw on the amended facility during an availability period that was extended to June 2015 with a subsequent 4 year term out option. The interest rate on the
Rolls-Royce has won an order worth $1bn at list prices, from Scandinavian Airlines System (SAS) for Trent XWB and Trent 700 engines and long term TotalCare services. The Trent XWBs will power eight Airbus A350-900 aircraft and the Trent 700s will power four A330-300s.
Aeronautical Engineers (AEI), has been selected by Yangtze River Express/HNA to provide three firm B737-400SF 11 Pallet Configuration conversions. The aircraft are all high gross weight B737-400’s, MSN 28759 built in 1998 will be the first to undergo freighter modification in early July 2013 at AEI’s Authorized Conversion Center, Boeing Shanghai Aviation Services.
MTU Aero Engines is expanding its facility in Rzeszów in the south of Poland: MTU Aero Engines Polska, located in the Polish Aviation Valley, will add a new, 9,200-m² building, which will increase the area occupied by buildings by 50%. The total investment that will go into the project amounts to some €40m. “The expansion
Recently-formed Tunisian carrier Syphax Airlines has decided to entrust component maintenance for its first A330 to AFI KLM E&M. The two groups have already been working together at Roissy-CDG as part of a line maintenance agreement. The component support services delivered by AFI KLM E&M include repairs, dedicated access to the spares pool, and the
Philippine Airlines (PAL) have selected an extensive range of Thales Avionics equipment for their 44 A321s and 20 A330s. The package includes the TopFlight FMS (Flight Management System) for which a new software version is being supplied for PAL’s new aircraft. Release 1A, certified on the Airbus A320 and A330 Family, provides new capabilities such
Delta acquired a 49% stake in Sir Richard Branson’s airline Virgin Atlantic – marking the next step towards a full joint venture between the two carriers. Virgin Atlantic will place its code on 91 Delta routes, including both trans-Atlantic and domestic U.S. routes. Delta will place its code on 17 Virgin Atlantic routes, including the
GE Capital Aviation Services Limited (GECAS), announced delivery of five new Embraer E195 aircraft to Brazilian carrier Azul Linhas Aéreas Brasileiras S/A. GECAS delivered two aircraft in December 2012 and one each in February, April and May 2013. The aircraft were part of GECAS’ existing order book with Embraer. Azul operates a fleet of some
Aviation Technical Services (ATS) has been purchased from Macquarie Group by members of the current Senior Leadership Team and a handful of experienced aerospace investors. The new ownership group is headed by current President and CEO, Matt Yerbic, and is backed by Wells Fargo, NewSpring Capital and Greenpoint Technologies of Kirkland, Washington. As part of
QET Tech Aerospace compliments its aviation airframe Maintenance, Repair and Overhaul (MRO) service with aircraft end-of-life service (recycling) which includes, parting out the usable aviation parts, disposing of the chemicals and non usable material in an environmentally safe way and recuperating the raw materials. It is estimated by the Aircraft Fleet Recycling Association (AFRA) that
