Nordic Aviation Capital A/S (NAC) of Billund, Denmark has signed a firm purchase agreement to acquire four Q400 NextGen airliners. Based on the list price of the Q400 NextGen airliner, the contract is valued at approximately US$134.77m. The four aircraft will be operated by airBaltic of Riga, Latvia and will join eight Q400 NextGen airliners
AgustaWestland, a Finmeccanica company, and Weststar Aviation Services announced that a contract for the supply of six AW139 and two AW189 helicopters, plus options, was signed at the Langkawi International Maaritime and Aerospace (LIMA) exhibition. The contract was signed by Tan Sri Syed Azman Syed Ibrahim, Group Managing Director of Weststar and Geoff Hoon, Managing
Fokker Services performed its first official standard part delivery for a NH90 helicopter. Fokker is partner in the consortium that develops, produces and supports the NH90 helicopter. In July 2012, Fokker Services was appointed by NHIndustries (NHI), the Eurocopter Group and Agusta Westland as the exclusive provider for all the NH90 helicopter standard parts for
After completing all required approval procedures, Safran has finalized the acquisition of Goodrich Electrical Power Systems (GEPS), a leading supplier of on-board aerospace electrical power systems. The cash consideration for the transaction amounts to approximately €300m. GEPS brings new capabilities to Safran’s product offering, including the critical electrical power generation know-how and experience which is
Sikorsky Aircraft has entered into agreements to sell two S-76D helicopters to PT Travira Air, a Jakarta, Indonesia-based charter airline company. Sikorsky made the announcement from the Langkawi International Maritime & Aerospace Exhibition. The purchase of the two S-76D aircraft represents the latest addition to the company’s fleet but also represents the launching of the
After a building phase of only eight months, MTU Maintenance Hannover’s new logistics center was ceremonially opened on Wednesday, March 27th. The storage building for spare parts has a floor space of 7,500 m² and features the most advanced logistic processes. Before the opening of the new logistics center, the parts were stored externally. With
The Board of Directors of Finnair Plc has decided to launch an employee share savings plan for Finnair employees. The objective of the plan is to encourage the employees to become shareholders in the company, and thereby strengthen the employees’ interest in the development of Finnair’s shareholder value, and reward them. Participation in the share
BOC Aviation’s net profit after tax for the financial year ended 31 December 2012 was US$225m, 12% higher than the previous record of US$201m achieved last year. The company has maintained consistent profitability since it was founded in November 1993. During 2012, BOC Aviation’s total assets increased by 20% to US$9.1bn from US$7.6bn, with US$614m
On behalf of Republic Airways of the U.S., Skyworld Aviation has arranged the lease of a 37-seat ERJ 135 aircraft to specialist charter and shuttle operator JetGo of Australia. This aircraft will operate alongside two existing ERJ 135’s with the operator supporting the mining industry in Queensland, Australia. Serial number 145713 (N836RP – VH-JZG) left
Following major orders of the EC225 signed at the Heli-Expo earlier this month in Las Vegas, the sales momentum for this 11-ton class helicopter from Eurocopter’s Super Puma family continues at the Langkawi Maritime & Aerospace Exhibition this week in Malaysia with an order for two units from Weststar Aviation Services. A Memorandum of Understanding
