Embraer and Boeing released that they will provide customers with a shared set of tools, called Runway Situation Awareness Tools, to reduce runway excursions. This further strengthens the collaboration between two of the world’s largest aerospace companies. To significantly reduce runway excursions in the near term, Boeing and Embraer will provide customers with new pilot
Air Transport Services Group said that its aircraft leasing subsidiary has reached agreement with National Air Cargo Group for the purchase of three Boeing 757-200 aircraft that have been modified for combi (combined passenger and main-deck cargo) service. ATSG said it anticipates that its subsidiary, Cargo Aircraft Management (CAM), will take delivery of one of
Air Lease Corporation (AL) reported its placement of two new ATR 72-600s on long term lease to KALSTAR Aviation, a major Indonesian regional airline, serving the fast growing region of Kalimantan (Borneo), delivering in the second and third quarters of 2013.
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,
