Israel Aerospace Industries (IAI) reported sales for Q3 2012 of $751m compared to $817m in Q3 2011. Export sales represent 76% of total sales and reached $568m. Sales to the military sector represent 72% of total sales and reached $540m. The decrease in sales is attributed to a reduction in the scope of activity mainly
US Airways reported that it priced an offering of two classes of enhanced equipment trust certificates in the aggregate face amount of approximately $546m. The Company intends to use the proceeds from the offering to finance its purchase of eleven Airbus aircraft scheduled to be delivered from May 2013 to October 2013 and to use
Gulfstream Aerospace Corp released that its aircraft service center in Beijing – Gulfstream Beijing – is officially open for business after recently being approved as a Part 145 maintenance facility by the Civil Aviation Administration of China (CAAC). The certification gives facility technicians the authorization to work on aircraft registered in China. Gulfstream Beijing is
ST Aerospace released that it has, through its wholly owned subsidiary, ST Aerospace Engines (STA Engines), injected an additional US$1.725m (approximately S$2.1m) into the capital of 50%-owned associated company, Total Engine Asset Management (TEAM). This brings STA Engines’ total share capital contribution in TEAM to US$3.425m (approximately S$4.18m). A joint venture between ST Aerospace and
Airbus has improved the A330-300 and A330-200 even further by providing operators both with a 242 metric tonne maximum take-off weight (MTOW) capability and, for the larger A330-300, an increased fuel capacity option. These enhancements build on the capability announced earlier this year for an increased 240 tonne MTOW, and will be available for operators
Qantas has become a launch customer for the ‘FlySmart with Airbus’ cockpit applications on iPad. These ‘Electronic Flight Bag’ (EFB) applications will be used by all pilots in the airline who fly Airbus aircraft. The Airbus EFB solution for iPad was announced at the Farnborough Air Show earlier this year and Qantas has been working
NetJets, a Berkshire Hathaway company, took delivery from Bombardier of its first NetJets Signature Series Global 6000 aircraft – the first NetJets Signature Series aircraft to enter the marketplace. NetJets formally accepted the aircraft at a special ceremony in Montreal at Bombardier’s Global Completion Centre, and then the aircraft flew to NetJets corporate headquarters in
GE Capital Aviation Services has delivered four new leased Airbus A320 aircraft to Volaris. All four aircraft are part of a purchase and leaseback transaction with the airline to expand its fleet. The aircraft come from the airline’s existing orderbook with Airbus.
BOC Aviation has signed agreements for the purchase and leaseback of eight new Boeing 737-800 aircraft to be leased to GOL Linhas Aéreas Inteligentes S.A. (GOL). The aircraft are scheduled to be delivered from first quarter of 2013 through to third quarter of 2014. GOL is the largest low-cost and low-fare airline in Latin America.
FADEC International (a BAE Systems and Sagem jointly-owned venture) has established a joint venture with GE to develop, produce, and support the full-authority digital electronic control (FADEC) for aircraft engines and related specialized technologies. A FADEC — a system consisting of a digital computer, called an engine control unit, and its related accessories — controls
