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HAECO increases shareholding in Shanghai line maintenance services provider

Hong Kong Aircraft Engineering Company (“HAECO”) has acquired an additional 26% shareholding in Shanghai Taikoo Aircraft Engineering Services Company (“STA”), increasing the HAECO Group’s equity interest to 75%. The remaining 25% shareholding in STA, a provider of line maintenance services in Shanghai, continues to be held by Shanghai Foreign Aviation Service Corporation. STA currently provides

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Vector Aerospace approved as Eurocopter service center for Super Puma AS332 helicopters

Vector Aerospace Helicopter Services-North America received the certificate with full approval as a Eurocopter-qualified service center for the AS332 helicopter family. Presented at the Heli-Expo 2013 industry show in Las Vegas, Nevada, the certification includes O&I and I+ level airframe servicing, and allows Vector to perform major inspections, upgrades and retrofits on all AS332 Super

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Turbomeca and Phoenix Heli-Flight sign support by the hour contract

Turbomeca signed a Support By the Hour (SBH) contract with Phoenix Heli-Flight regarding its fleet of Arriel 1D1 following delivery of the two new AS350B2. This contract will cover all the Turbomeca engines in the Phoenix Heli-Flight fleet. By signing this contract, Phoenix Heli-Flight becomes the largest Canadian operator under Turbomeca SBH program. Phoenix Heli-Flight

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LOT Aircraft Maintenance Services receives update of PART-145 certificate

LOT Aircraft Maintenance Services (LOTAMS) has received an update of PART-145 certificate. The update authorizes LOTAMS to extend the scope of work with: Embraer EMB-135 with Allison AE3007 engines, Boeing B737 600/900 with CFM56 engines. Currently, LOTAMS supports in line maintenance for all four models of B737 NG aircraft with CFM56 engines. Part-145 was given

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CALC places $500m CFM56-5B engine order

Hong Kong-based China Aircraft Leasing Company (CALC) has announced its selection of CFM56-5B engines to power 25 new Airbus A320 family aircraft. The firm engine order is valued at $500m at list price and deliveries are scheduled between 2014 and 2016. The aircraft are part of CALC’s first-ever new aircraft order; the company announced an

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DVB posts consolidated net income before taxes and IAS 39 of €157.2m

DVB increased total income before allowance for credit losses by 5.1%, to €411.9m (previous year: €391.9m). Total income after allowance for credit losses amounted to €341.2m, which corresponds to a rise of 2.6%. Net interest income after allowance for credit losses declined by 20.0%, to €159.3m (2011: €199.1m) in spite of successful new business origination;

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Milestone Aviation Group increases Eurocopter EC225 order to 30

Milestone Aviation Group, the global leader in helicopter leasing, announced an order for 14 additional Eurocopter EC225 twin-engine helicopters, which will join the 16 EC225s ordered last year – along with the company’s initial EC175 booking, covering five of these next-generation aircraft. This new order for the two Eurocopter helicopter types brings Milestone’s EC225 total

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GE Aviation delivers first production wing components for Airbus A350 XWB

GE Aviation, Hamble has achieved a major program milestone with the delivery of its initial production wing fixed trailing edge components for the first A350 XWB to fly – ‘MSN001’. The first A350 XWB-MSN001 is now structurally complete and is currently undergoing ground testing in Toulouse. The A350 XWB wing fixed trailing edge package is

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