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 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, 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.
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
CFM International has completed design freeze for the advanced LEAP-1B engine, the exclusive powerplant for the Boeing 737 MAX, paving the way for the first full engine to test in mid-2014. This milestone is effectively the point at which the engine configuration is set, or frozen. This now allows CFM to finalize and release detailed
GE Capital Aviation Services (GECAS) has delivered two new Airbus A320 aircraft to Jetstar Japan as part of a purchase-and-leaseback transaction. Jetstar Japan inaugurated its low-fare domestic service in 2012 and currently operates a fleet of nine Airbus A320 aircraft to five destinations.
Etihad Airways, the national airline of the United Arab Emirates (UAE), has opened a line maintenance base at Singapore’s Changi International Airport, the carrier’s eighth outside Abu Dhabi. Equipped with the latest technology, the new facility will perform all scheduled and non-scheduled line maintenance for Etihad Airways’ daily flights operating to Singapore from both Abu
Atlas Air Worldwide Holdings, a leading global provider of outsourced aircraft and aviation operating solutions, confirmed the placement of its eighth Boeing 747-8 Freighter into ACMI service. The aircraft will fly on behalf of Etihad Cargo, the cargo arm of Etihad Airways, the national carrier of the United Arab Emirates, pursuant to a multiyear aircraft,
Spirit AeroSystems Holdings reported first quarter 2013 financial results reflecting continued strong demand for large commercial aircraft and strong core program operating performance. Spirit’s first quarter 2013 revenues were $1.442bn, up 14% from $1.266bn for the same period of 2012, driven by higher production volumes and model mix. Operating income was $145m, up from $122m
Aircastle reported first quarter 2013 total revenues of $176.2m, an increase of $11.3m, or 7% versus the previous year. The increase reflects $8.2m of higher lease rental and finance lease revenues, $4.2m of higher maintenance revenues associated with unscheduled lease terminations, and $4.3m of higher other revenues from interest on debt investments and additional revenue
