TP Aerospace Leasing has been awarded a contract to provide its full service and all inclusive Wheels & Brakes Cycle Flat Rate (CFR) Program to the Polish division of Small Planet Airlines. TP Aerospace Leasing will provide highly flexible, cost effective and tailor made Component Maintenance, Pool Access, Onsite Lease Inventory and Logistics Program in
In January 2013, AirJet Designs completed the design for an Airbus A319 owned by an undisclosed individual from Asia. The project is currently undergoing VIP completion at Sabena technics in Bordeaux, France, with delivery expected for mid-2013. The aircraft is an airliner that is converted in full VIP configuration for the personal use of the
Air Transport Services Group, a leading provider of aircraft leasing and air cargo transportation and related services, reported consolidated financial results for the quarter ended March 31, 2013. Revenues were $143.3m, a decrease of 1.5%. Total operating expenses were $126.9m, down 3.7%, including a $3.8m reduction in salaries, wages and benefits expense due in large
Air Lease Corporation reported another consecutive quarter of fleet, revenue, profitability and financing growth. Diluted EPS increased by 46% to $0.38 per share for the three months ended March 31, 2013 from $0.26 per share for the three months in 2012. Revenues increased 45% to $192m compared to $133m in 2012. Income before taxes increased
International Lease Finance Corporation (ILFC) has delivered the first of six A330-343 aircraft to AirAsia X, a long-haul, low-cost affiliate of AirAsia. The company will deliver three additional A330-343s to the airline by the end of 2013, while the remaining two aircraft will be delivered in 2014. The aircraft are equipped with Rolls Royce Trent
Bombardier reported its financial results for the first quarter ended March 31, 2013. Revenues totalled $4.3bn for the first quarter ended March 31, 2013, compared to $3.5bn for the same period last fiscal year. Earnings before financing expense, financing income and income taxes (EBIT) before special items totalled $240m, or 5.5% of revenues, compared to
Bombardier has opened three new lines of maintenance at its Tucson, Arizona aircraft service centre to boost heavy maintenance capacity for Q400 and Q400 NextGen turboprops. The new lines are housed in an existing hangar space on Tucson’s 1,146,901 ft² service centre, complementing existing maintenance capabilities for Q-Series aircraft at Bombardier’s facilities in Bridgeport, West
Boeing has rolled out of the factory the first 787 Dreamliner to be built at the increased production rate of seven airplanes per month. The airplane, which rolled out earlier this week, is the 114th 787 to be built overall and the 100th 787 to be built at the Everett, Wash., factory. Boeing’s 787 program
GE Capital Aviation Services (GECAS) has delivered a new leased Airbus A320 aircraft to Tiger Airways Singapore to expand the carrier’s fleet. The aircraft is the first of five scheduled for delivery in 2013 as part of a multiple aircraft purchase-and-leaseback transaction with Tiger Airways Holdings.
FL Technics, a global provider of integrated aircraft maintenance, repair and overhaul services, and Airline Component Services, an international company, specializing in supply and supply management of aircraft structural components, announced the signing of a three-year consignment agreement. According to the agreement, the parties will establish a new Boeing 737 NG components stock worth $4m
