The EADS Board approved an 18-month share repurchase programme up to € 3.75bn. The Share Buyback Programme (the “Buyback”) is to be carried out in accordance with the authority conferred by the Company’s shareholders at the Extraordinary General Meeting held on 27 March 2013 for a repurchase of up to 15% of EADS’s issued and
SMBC Aviation Capital has completed the integration with its shareholders’ other aircraft leasing companies, SMFL Aircraft Capital Corporation B.V. and Sumisho Aircraft Asset Management (SAAM). The combined entity is now the third largest global aircraft lessor with a modern fleet of 326 owned and managed aircraft valued at over $10bn. The business will trade under
IFE Services has been selected by LOT Polish Airlines as its new in-flight entertainment (IFE) provider. The agreement covers the provision of a broad package of innovative and fresh IFE content across the airline’s entire fleet. Passengers can look forward to latest release and classic Hollywood movies plus international and Polish films which are all
On April 5th, Satair opens its FAA approved battery repair shop in Atlanta. The facility is designed to service nickel-cadmium and sealed lead-acid aircraft batteries of various models and sizes manufactured by Saft, Marathon, Concorde, Gill Teledyne and Hawker as well as a wide array of smaller aircraft battery packs. The new shop will also
Pilatus Aircraft, based in Switzerland, announced positive annual results for 2012, despite turnover and operating profit decreasing as expected compared with the previous year. Thanks to three major orders received totalling over CHF2.2bn, Pilatus is well-prepared for the future. In the past year alone, the number of employees at the headquarters in Stans grew by
Embraer Executive Jets handed over the first made-in-the-USA Phenom 300 to be delivered to a customer on March 29, 2013. The aircraft was delivered to an undisclosed customer who will use it to connect his business network in the U.S.. “This is a major milestone for Embraer Executive Jets and proves the maturity of our
Air Lease Corporation announced long term lease agreements with transavia.com (Netherlands) for two new Boeing 737-800 aircraft delivering in April 2015 and April 2016.
Aeronautical Engineers has been selected by Aeronaves TSM, of Mexico, to provide two MD82SF 12 Pallet Passenger to Freighter Conversions. The first aircraft, an MD82, MSN 49342 was built in 1987 and is scheduled to be inducted for conversion in June 2013 at AEI’s Authorized Conversion Center, Commercial Jet, Inc. which is located in Miami,
Atlas Air has taken delivery of its eighth Boeing 747-8 Freighter. Pursuant to a letter of intent with an undisclosed customer, the new aircraft is expected to enter ACMI (Aircraft, Crew, Maintenance and Insurance) service during the first half of the second quarter of 2013, which will allow the customer time to integrate the capacity
Boeing and China Eastern Airlines celebrated the delivery of the 1,000th Boeing airplane for China, one of the world’s most dynamic markets for commercial airplanes. Boeing forecasts that China will need 5,260 new airplanes, valued at $670bn, in the next 20 years. The 1,000th airplane, a Next-Generation 737-800 with the Boeing Sky Interior painted in
