CIT Aerospace, a global leader in aircraft finance, released that it delivered nine aircraft and signed 28 lease agreements in the first quarter of 2013. The deliveries include new and used aircraft, as well as lease extensions of its existing fleet, while the lease agreements include current and future leases of commercial aircraft. In addition,
On April 29th, GE Aviation celebrated the grand opening of its new jet engine components factory in Auburn that will create hundreds of jobs. The 300,000-ft² advanced manufacturing plant will produce precision, super-alloy machined parts for GE jet engines that will power future commercial and military aircraft, and also support the vast fleet of GE
Embraer Executive Jets received type certification for its large Legacy 650 aircraft from Indonesia’s Directorate General of Civil Aviation on March 27, 2013, paving the way for Premiair to put the aircraft into service. “With the certification of the Legacy 650 in Indonesia, all in-service Embraer Executive Jets are now certified in the country,” said
Wizz Air Hungary, the low cost – low fare airline, has taken delivery of its first A320 aircraft equipped with Sharklet fuel saving wing tip devices. The carrier becomes one of the first Eastern European Airlines to do so, following the delivery in March of the first A320 with Sharklets to Wizz Air Ukraine. Wizz
Nepal’s national flag carrier, Nepal Airlines Corporation (NAC) has signed a Memorandum of Understanding (MoU) to buy two Airbus A320 aircraft equipped with Sharklet fuel saving wing tip devices. Sharklets deliver up to 4% savings in fuel consumption making the aircraft a cornerstone of NAC’s fleet modernisation. The A320 was chosen for its unbeatable economics,
The U.S. Army has fielded the 250th UH-72A Lakota helicopter delivered to Army and National Guard units by EADS North America since 2006. Every Lakota – including an additional five produced for the U.S. Naval Test Pilot School – has been delivered on time and on budget, by an American workforce that is more than
Following the expansion of its Scope of Work with the Airbus A380 in 2012, Direct Maintenance has commenced offering Boeing B747-8 line maintenance support. The inaugural event took place at Amsterdam Schiphol Airport on the occasion of launch customer Cathay Pacific Cargo deploying its first B747-8F freighter service into Europe. Cathay Pacific Cargo is the
China Aviation Supplies Holding Company (CAS) has signed a General Terms Agreement (GTA) with Airbus for the purchase of 60 Airbus aircraft, which includes 42 A320 Family aircraft and 18 A330 aircraft. The GTA was signed at the Great Hall of the People in Beijing by Li Hai, President and CEO of CAS and Fabrice
FLY Leasing, a global lessor of modern commercial jet aircraft, has acquired a 2013 manufactured Boeing 737-800 aircraft on a 12-year lease to a leading low-cost carrier in Asia. The acquisition was funded with a combination of FLY’s unrestricted cash and the $250m aircraft acquisition facility that was closed in November 2012.
Alaska Air Group reported first quarter 2013 GAAP net income of $37m, compared to $41m in 2012. Excluding the impact of mark-to-market fuel hedge adjustments of $12m ($7m after tax), the company reported record first quarter 2013 net income of $44m, compared to net income excluding mark-to-market fuel hedge adjustments of $28m in 2012.
