Pegasus Airlines, the second largest airline in Turkey, has signed for up to 100 A320neo Family aircraft (58 A320neo and 17 A321neo models), of which 75 are firm orders. Pegasus becomes a new Airbus customer and the first Turkish airline to order the A320neo. This is the largest single commercial aircraft order ever placed by
Boeing Chairman, President and Chief Executive Officer Jim McNerney announced a 10% increase in the company’s regular quarterly dividend to 48.5 cents per share and the resumption of its stock repurchase program with repurchases currently expected to total between $1.5bn and $2.0bn in 2013. “Strong cash generation, consistently solid core operating performance and a positive
Etihad Airways reported the purchase of a majority stake in a new entity incorporated to own airberlin’s topbonus frequent flyer program, the first step in the establishment of a global loyalty management platform. The new entity will seek to offer new opportunities for topbonus members to collect and redeem topbonus miles around the world, including
CAE has sold four Level D full-flight simulators (FFS), two each to customers in China and Russia. The sales include the first two FFSs, associated training devices and the CAE Augmented Engineering Environment (AEE) for the new C919 aircraft being developed by Commercial Aircraft Corporation of China, Ltd. (COMAC). They also include two simulators, a
Turkey, Istanbul based myTECHNIC, has started C checks of A320 aircrafts of Atlasjet. According to the contract, myTECHNIC will provide 5 heavy checks services including 6Y checks.
ATR and Singapore-based lessor Avation PLC announced the signature of a new contract for the purchase of 7 additional ATR 72-600s, valued at over US$160m. These aircraft bring to 20 the total firm orders for ATRs inked by Avation PLC since early 2011. In addition, Avation has a number of further options and purchase rights.
VT Aerospace has entered into an agreement to acquire 100% equity interest in Volant Aerospace (Volant), for a purchase consideration of US$13.1m (approximately S$16m) subject to post closing adjustments. Following the acquisition, Volant will become a wholly owned subsidiary of VT Aerospace. VT Aerospace, which owns four aerospace operating companies in Mobile, Alabama; San Antonio,
AWAS has entered into a purchase and leaseback transaction for one new Boeing 737-800 passenger aircraft with airberlin. The aircraft was previously ordered directly from the manufacturer by the airline. The aircraft will deliver from Boeing in mid-2013 and will be placed on long-term lease from AWAS to the airline. Furthermore, AWAS announced that it
With AAR’s Duluth Maintenance, Repair and Overhaul (MRO) facility now operational, the Company announced that it completed and delivered its first aircraft on December 14th. AAR has also created more than 100 jobs in Duluth to date. This success marks a major milestone for AAR’s newest aircraft maintenance facility, which commenced operations last month, and
Rolls-Royce has successfully achieved two major milestones in its Trent 1000 launch engine programme for the Boeing 787-9. A demonstrator engine, part of a programme that will deliver an upgraded 74,000lb thrust version of the Trent 1000, successfully completed a first flight on a Rolls-Royce 747-200 flying test bed, at Tucson, Arizona, USA. A series
