FAA approves Sikorsky Aircraft's new platform approach system for S-92 Helicopters

May 6, 2013

Sikorsky Aircraft reported that the Federal Aviation Administration (FAA) has approved a new functionality on the S-92 helicopter to provide offshore oil operators with an automated approach that reduces cockpit workload by 60% and allows safer operations under challenging weather and operating conditions. Sikorsky developed the new safety feature in close collaboration with PHI, an

Willis Lease Finance earns $1.6m in first quarter of 2013

May 6, 2013

Willis Lease Finance Corporation (WLFC), reported earnings of $1.6m in the first quarter ended March 31, 2013, compared to $2.5m in the like quarter a year ago, with the drop in earnings primarily due to reduced gains on the sale of leased equipment. In the fourth quarter of 2012, Willis Lease recorded a loss of

SAS sells Widerøe to an investor group led by Torghatten

May 6, 2013

The sale of Widerøe represents an important step in the improvement of SAS’ financial position with a significant reduction of SAS’ financial leverage. SAS and Widerøe will have a continued close commercial cooperation after the transaction, with Widerøe remaining an important regional partner to SAS. As part of the transaction, SAS will sell seven Dash

Air Canada reports first quarter net loss of $143m

May 6, 2013

Air Canada reported an adjusted net loss of $143m compared to an adjusted net loss of $162m in the first quarter of 2012. On a GAAP basis, Air Canada’s net loss was $260m compared to a net loss of $274m in the same quarter in 2012. First quarter EBITDAR amounted to $145m compared to EBITDAR

Saywell International and BAE Systems Regional Aircraft extend agreement for Jetstream 31/32 spares support

May 6, 2013

BAE Systems Regional Aircraft has extended for a further five years the agreement for Saywell International to be the sole distributor of spares for the Jetstream 31/32 regional turboprop aircraft. Originally signed in February 2008, the new agreement means that Saywell International will be responsible for Jetstream 31/32 spares delivery until at least 2018. BAE

EASA extends BAE Systems Regional aircraft's Part 21 approval

May 6, 2013

BAE Systems Regional Aircraft has received European Aviation Safety Authority (EASA) approval to extend its Part 21 G and J approvals to allow the company to work on any aircraft type for both design and manufacturing work. For several years BAE Systems Regional Aircraft has had Design Organisation Approval (DOA) allowing it to carry out

Avinco structures and manages leases for new Aer Arann ATR72-600s

May 6, 2013

Avinco, the aircraft remarketing and management specialists based in Dublin and Monaco, advised a group of investors on the acquisition and lease of 8 new ATR72-600s. The first aircraft (MSN1083) was delivered in Toulouse on May 3rd and placed on long term lease with Aer Arann, Ireland. The remaining seven aircraft are being delivered from

AJW Aviation delivers two A340s to Azerbaijan Airlines

May 3, 2013

AJW Capital Partners Limited, part of the AJW Group of companies, purchased two new A340-500 aircraft from Airbus SAS at the end of November 2012. These aircraft are now poised to enter commercial service with Azerbaijan Airlines after extensive repainting and cabin configuration co-ordinated by AJW’s in-house technical team.

Erickson Air-Crane announces new $100m revolving credit facility

May 3, 2013

Erickson Air-Crane, a leading global provider of aviation services to a diverse mix of commercial and government customers and the vertical manufacturer and operator of the powerful, heavy-lift helicopter, the Erickson S-64 Aircrane, has entered into a new $100m, five-year revolving credit facility with a group of financial institutions led by Wells Fargo Bank, N.A.

GoAir continues to fly smart with Ramco Aviation Suite

May 3, 2013

Go Airlines (GoAir), a leading provider of low fare services in the growing Indian aviation market, has successfully gone live on Ramco’s Aviation Maintenance & Engineering (M&E) suite of software for its 15 fleet across 21 base stations. The go-live marked Ramco’s web-based Series 5 M&E software and Ramco ePublications, seamlessly integrate with GoAir’s existing

Top Stories

FAA approves Sikorsky Aircraft's new platform approach system for S-92 Helicopters

Willis Lease Finance earns $1.6m in first quarter of 2013

SAS sells Widerøe to an investor group led by Torghatten

Air Canada reports first quarter net loss of $143m

Saywell International and BAE Systems Regional Aircraft extend agreement for Jetstream 31/32 spares support

EASA extends BAE Systems Regional aircraft's Part 21 approval

Avinco structures and manages leases for new Aer Arann ATR72-600s

AJW Aviation delivers two A340s to Azerbaijan Airlines

Erickson Air-Crane announces new $100m revolving credit facility

GoAir continues to fly smart with Ramco Aviation Suite

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