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
Boeing has rolled out the first Next-Generation 737 built at the new production rate of 38 airplanes a month. Panamanian customer Copa Airlines will take delivery of the 737-800 in early April. The airplane will now undergo functional, systems and flight testing over the next three weeks before being delivered.
Wizz Air Ukraine, a Ukrainian low-cost airline, has taken delivery of an A320 aircraft equipped with Sharklet fuel saving wing tip devices, becoming the first Ukrainian carrier to do so. Sharklets are newly designed wing-tip devices that improve the aircraft’s aerodynamics and significantly cut the airline’s fuel burn and emissions by four per cent on
Eclipse Aerospace celebrated a major production milestone – the first power up of the new production Eclipse 550 Twin-Engine Jet. The first production Eclipse 550 aircraft successfully powered up its two Pratt & Whitney PW610F engines, and the aircraft systems came on line on March 18th, at the company’s facility in Albuquerque, N.M. Eclipse Aerospace
