American Airlines, the principal operating subsidiary of AMR Corporation, reported the closing of its private offering of two tranches of enhanced equipment trust certificates (the “Certificates”) in the aggregate face amount of $663,378,000. The Certificates are comprised of a senior tranche of Class A Certificates with an interest rate of 4.000% per annum and a
Pratt & Whitney, together with its U.S. Air Force partner at the F119 Heavy Maintenance Center (HMC) at Tinker Air Force Base, Okla., celebrated another significant milestone in the F119 program – the completion of the first depot overhaul for the lead-the-fleet “Compass Vector” engine which powers the F-22 Raptor. The F119 HMC is an
WheelTug announced the execution of another Slot Purchase Agreement with an undisclosed Boeing 737NG operator. With 135 new reservations the backlog of WheelTug Aircraft Drive Systems system grows to nearly four hundred fifty delivery slots already reserved by eight airlines with many others currently under discussions. The WheelTug electric drive system uses high-performance electric motors,
During the 4th quarter of 2012 (4Q12), Embraer delivered 23 commercial and 53 executive aircraft and ended the year with total deliveries of 106 commercial and 99 executive aircraft (77 light jets and 22 large jets). As a consequence, 2012 revenues totaled US$6,177.9m, in line with the annual revenue guidance range of US$ 5.8 to
Boeing (BA) has received approval from the U.S. Federal Aviation Administration (FAA) of the company’s plan to test and certify improvements to the 787’s battery system. Successful completion of each step within the plan will result in the FAA’s approval to resume commercial 787 flights. “Our top priority is the integrity of our products and
In addition to the EASA Part 145 approval received in December, Jet Aviation Geneva has been granted FAA approval to support the new ultra-long-range, ultra-large-cabin Gulfstream G650. “We are constantly striving to expand our service capabilities to offer our customers the technical support they require,” says Cyril Martiniere, managing director and accountable manager for Jet
SuperJet International (SJI) – a joint venture between Alenia Aermacchi and Sukhoi Holding – announced the execution of a “SuperCare” Agreement with the second Russian operator of the Sukhoi Superjet 100 aircraft, Yakutia Airlines, for after-sales support of its SSJ100 fleet of 2 aircraft. SuperJet International will provide Yakutia Airlines with customized spares availability and
The HAECO Group reported an attributable profit of HK$876m in 2012, 6.7% higher than that of HK$821m in 2011. Earnings per share increased by 6.7% to HK$5.27. Turnover increased by 12.7% to HK$5,830m. The Directors have declared a second interim dividend (in lieu of a final dividend) of HK$2.00 per share. Together with the first
Aeronautical Engineers has been selected by Cargo Air of Bulgaria to provide one B737-400SF 11 Pallet Passenger to Freighter Conversion. The aircraft, a B737-400, MSN 24474 was built in 1989 and is currently undergoing freighter modification at AEI‚’s Authorized Conversion Center, Commercial Jet, which is located in Miami, Florida. This is the first 737-400SF for
Atlas Air Worldwide Holdings reported the acquisition of a Boeing 777 Freighter by its dry-leasing subsidiary, Titan Aviation. The aircraft is currently on long-term lease to AeroLogic GmbH, a cargo airline based in Germany and a joint venture of DHL Express and Lufthansa Cargo AG. Norddeutsche Landesbank Girozentrale (NORD/LB), a leading aircraft financier based in
