ATR and the flag carrier Malaysia Airlines signed a purchase agreement for 20 firm ATR 72-600s, plus options for 16 additional aircraft. The deal is valued at over $840m, including options. The signature of this new contract follows a Memorandum of Understanding announced by the airline in December 2012. With this signature, Malaysia Airlines brings
The global services network of Aircelle (Safran) marked a strategic expansion on February 19th, with the opening of a new parts distribution center in China, which will serve the country’s airlines that operate aircraft with the company’s jet engine nacelle and thrust reverser products. Located at Beijing Capital International Airport in its free trade zone,
Flying Colours, the global aviation services company specialising in business aircraft maintenance, completions and refurbishments, has delivered the latest of its Challenger 300 aircraft projects to German air charter operator, FairJets GmbH. Maintenance work on the aircraft began in September 2012 and included a full 96-month heavy maintenance inspection. In addition the aircraft was given
A J Walter Aviation and Engineering – The Aviation Maintenance Holding – have signed an agreement aimed at enhancing spare parts support and provision in Russia through the establishment of an exclusive consignment stock pool of Airbus A320 and Boeing B737 parts. These components will be housed centrally at Engineering’s facility at Domodedovo Airport, Moscow,
2012 was the most successful financial year in the history of MTU Aero Engines Holding AG, as the company announced during the presentation of its provisional financial statements on Tuesday, February 19, 2013. MTU’s revenues reached the record level of €3,378.6m (2011: €2,932.1m), thus exceeding the company’s forecast of €3.3bn. The group also clearly met
In the wake of November’s highly successful maiden flight of the Legacy 500, the first, full fly-by-wire midsize business aircraft in the corporate aircraft industry, Embraer Executive Jets’ second Legacy 500 made its maiden flight, officially entering the flight test and certification program. The Legacy 500 has flown more than 44 hours in 23 flights
Airbus is confident that the lithium ion (Li-ion) main battery architecture it has been developing with Saft and qualifying for the A350 XWB aircraft is robust and safe. The A350 XWB flight test programme will continue as planned with the qualified Li-ion main batteries. However, to date, the root causes of the two recent industry
The Board of Directors of Rockwell Collins authorized the company to purchase an additional $500m of Rockwell Collins common stock. With this announcement, the amount of share repurchases authorized available as of February 7th, 2013 was $604m.
Hong Kong Aviation Capital (HKAC) delivered a new A320, to Jetstar Japan on February 18th, as the second of four A320 aircraft that it will lease to the airline. This is the first aircraft in Jetstar Japan’s fleet, the first A320 aircraft in Japan as well as the first A320 in HKAC’s fleet equipped with
AMAC Aerospace has been granted Maintenance Organisation Approval, MOA, by the Moscow-based State Civil Aviation Administration of Russia. The approval, which was awarded towards the end of last year, allows AMAC to carry out base and line maintenance work on all Russian-owned small to mid size/narrow body aircraft up to Boeing 737NG and Airbus Corporate
