At its facility in Lindenberg (Germany), Liebherr-Aerospace Lindenberg GmbH recently put into operation a new 260 m² center for machining titanium parts – among others, hydraulic valve blocks for the electric back-up hydraulic actuator (EBHA) of the A380 program. In the future, components for new aircraft programs will also be produced there. The machining center
RUAG posted a free cash flow of CHF 150m in 2012, on net sales of CHF 1,741m (previous year: CHF 1,714m). EBIT, i.e. earnings before interest and taxes, increased by 3.7% to CHF 114m (CHF 110m) despite a difficult market environment characterized by declining state budgets. The EBIT margin held steady at 6.4%. All five
Airbus signed a Memorandum of Understanding (MoU) on cooperation in aircraft financing and leasing with Abu Dhabi National Leasing Company (ADNL), the wholly owned lease finance arm of the National Bank of Abu Dhabi (NBAD), Abu Dhabi’s largest bank. ADNL and Airbus will share competence and experience to cooperate on leasing projects, financing projects and
Lufthansa Technik Group’s 1.9% decline in revenue in 2012 to €4.0bn was characterized by a drop in business with other companies in the Lufthansa Group, but also by an increase in revenue with external customers, whose share of the total revenue rose by 5 percentage points to reach 61%. The operating result climbed by 24%
Boeing has delivered the 7,500th 737 to come off the production line to Malaysia-based Malindo Air. Malindo Air is a joint venture by Jakarta, Indonesia-based Lion Air and Malaysia’s National Aerospace and Defence Industries. Malindo Air is using the Next-Generation 737-900ER to launch its low-fares service.
First Aviation Services released that it has entered into an agreement to sell the majority of its interest in Aerospace Products International (“API”) to Cleveland-based private equity firm Resilience Capital Partners. API, which is based in Memphis, is a global aviation parts and equipment distributor which also provides supply chain management services to the aviation
American Airlines has decided to equip all of its A320 Family fleet with Airbus’ innovative Runway Overrun Prevention System (ROPS) technology. This onboard cockpit technology, which Airbus has pioneered independently over several years, increases pilots’ situational awareness during landing, reduces exposure to runway excursion risk, and if necessary, provides active protection. ROPS was first approved
FLY Leasing, a global lessor of modern commercial jet aircraft, has sold six Boeing 717-200 aircraft manufactured in 2001. The aircraft were acquired by FLY in 2011 as part of a 49-aircraft portfolio transaction. “The sale of these non-core aircraft will result in a gain over our current book value and generate gross cash proceeds
Erickson Air-Crane Incorporated, a leading operator and the manufacturer of the powerful Erickson S-64 Aircran heavy-lift helicopter, has executed a stock purchase agreement for the purchase of Evergreen Helicopters (EHI), from Evergreen International Aviation. EHI, based in McMinnville, Oregon, is a diversified global provider of air transport services for cargo and personnel to government and
AAR reported third quarter fiscal year 2013 consolidated sales of $520.2m and net income of $18.4m. This compares to year-ago sales of $534.2m and net income of $20.6m. The prior year’s third quarter included an income tax benefit of $4.0m. Sales in the Aviation Services segment increased 9% to $408.2m oand sales in the Technology
