Cebu Pacific Air, the Philippines’ largest carrier, has appointed Hong Kong Aircraft Engineering Company (HAECO”) as the provider of engineering services for its fleet of up to eight Airbus A330-300 aircraft. The HAECO group will provide Inventory Technical Management (ITM) and Fleet Technical Management (FTM) services for Cebu Pacific’s wide-body fleet of A330-300 aircraft. The
Mesa Air Group has reached an agreement with US Airways to add an additional nine aircraft to its fleet of 38 CRJ-900 aircraft. The term of this new agreement is eight years. Under the agreement, Mesa will continue to provide US Airways Express service out of US Airways’ hubs in Phoenix, AZ and Charlotte, NC.
Exchange Income Corporation has signed a stock purchase agreement to acquire all of the shares of Regional One, a privately-owned US company that is a leading provider of aircraft and engine aftermarket parts to regional airline operators around the world. The acquisition is valued at approximately $80m, subject to adjustments for taxes, and will be
Aeronautical Engineers (AEI) has formally launched a Passenger to Freighter Conversion Program for Bombardier’s CRJ100 and CRJ200 aircraft. The program has been studied for over a year and the aircraft will be marketed as CRJ100 and CRJ200 Special Freighter (SF) aircraft. The program development costs are being fully funded by AEI. The modification touch labor
Republic Airways reported full year 2012 net income of $51.3m, a $203.1m improvement from the full year 2011 results of a net loss of $151.8m. The Company also reported fourth quarter 2012 net income of $12.6m, a $136.1m improvement over the fourth quarter 2011 net loss of $123.5m.
Pratt & Whitney completed the first phase of an assembly-floor transformation project at its Middletown, Conn., facility that prepares the Engine Center to produce its portion of PurePower PW1100G-JM engines for the Airbus A320neo and increases production capacity for the F135 engine powering the F-35 Lightning II for the U.S. Military. The PurePower PW1100G-JM engines
Etihad Airways has concluded a transaction with Jet Airways to purchase the Indian carrier’s three pairs of Heathrow slots for $70m. The purchase is part of a sale and lease back agreement signed on Turesday, Febr. 26th. Jet Airways will continue to operate flights to London utilising these slots. As previously advised, Etihad Airways continues
The first Sky Aviation Sukhoi Superjet 100 arrived in Indonesia. The aircraft, Manufacture Serial Number 95022, is the first of twelve SSJ100 aircraft ordered by the Indonesian carrier. Built by Sukhoi Civil Aircraft Company (SCAC) in its Komsomolsk-on-Amur assembly line, the aircraft completed its interiors’ installation and painting in Ulianovsk site and finally flew to
Airbus’ consolidated revenues increased by 17% to €38,592m (FY 2011: €33,103m), reflecting strong commercial aircraft deliveries. The Airbus consolidated EBIT more than doubled to €1,230m (FY 2011: €584m). Airbus Commercial revenues amounted to €36,943m (FY 2011: €31,159m), driven by record commercial deliveries of 588 (FY 2011: 534), including 30 A380s. A total of 585 deliveries
JetBlue Airways has signed a letter of intent with Airbus to acquire 110 ship-sets of retrofit Sharklets for the airline’s in-service A320 aircraft. Deliveries are scheduled to start in 2014. Just last week, JetBlue Airways unveiled the first of its A320 aircraft to be outfitted with Sharklets. Sharklets are newly designed wing tip devices that
