On November 12th, the Board of SAS approved the 4 Excellence Next Generation (4XNG) plan to address the issues facing SAS. The 4XNG plan will improve EBT by approximately SEK3bn on an annualized basis and improve the overall cost flexibility. One of the conditions to implement the plan and for the availability of the new
Marshall Executive Aviation, part of the Marshall Group, is advancing work to obtain a Canadian Foreign Air Operator’s Certificate (FAOC) to enable the company to operate flights in Canada with its Challenger 300. The move follows hard on the heels of the operator being granted an AOC extension this summer enabling its Challenger (G-KALS) to
GE Aviation has acquired the assets of Morris Technologies, and its sister company, Rapid Quality Manufacturing, precision manufacturing companies operating in suburban Cincinnati, Ohio. Terms were not disclosed. The two privately-held companies, with about 130 Cincinnati-area employees specialize in additive manufacturing, an automated process for creating rapid prototypes and end-use production components. With this acquisition,
MONARCH Aircraft Engineering (MAEL), the award-winning independent aircraft maintenance provider, today announces plans to significantly expand its operations with a new 110,000 ft² state-of-the-art maintenance facility, creating 150 new jobs, with the potential for a further 150, at Birmingham Airport in the UK. Due to be completed and operational by the end of 2013, the
Turkish Airlines (THY) has ordered 15 GE90-115B-powered Boeing 777-300ER aircraft with options for five additional aircraft. Delivery will begin in 2014. THY has also signed a long-term OnPoint solutions agreement for the maintenance, repair and overhaul of its new GE90-115B engines. The total engine order and OnPoint solution agreement is valued at more than $1.4bn. Additionally Turkish
GE Aviation’s new H75 and H85 turboprop engines received engine type certification from the European Aviation Safety Agency (EASA). The two new engines are derivatives of the H80 engine. The China Aviation Industry General Aircraft Co., (CAIGA) selected GE Aviation’s new H85 turboprop engine to power CAIGA’s five-seat Primus 150 business aircraft. This is the
International Lease Finance Corporation (ILFC), announced the final delivery of an American Airlines 737-800 as part of a 15-aircraft sale-leaseback program. The agreement provided for 15 previously ordered Boeing 737-800 Next Generation aircraft to be purchased by ILFC from American and immediately leased back to American under a sale-leaseback financing arrangement. The program began in
WheelTug has entered into a Memorandum of Understanding with the Aircraft Wheel & Brake Division of Parker Aerospace, whereby Parker will be the exclusive supplier of wheels for the WheelTug system on the Airbus A320 and Boeing 737NG families of aircraft. Parker and WheelTug have been collaborating on this project for some months, and look
Cargolux Airlines International confirmed that Qatar Airways intends to exit its 35% shareholding in Cargolux. Albert Wildgen, who joined the Cargolux Board of Directors on September 8th 2011, also announced his decision to step down from his post as Chairman at the next meeting of the Board of Directors on 30 November 2012. Notwithstanding these
GE Capital Aviation Services Limited (GECAS) announced delivery of a leased Boeing 737-500 to Lineas Aereas De Mocambique (LAM), the flag carrier of Mozambique. LAM, along with its subsidiary MEX (Mozambique Express), operates 10 aircraft to destinations in Africa from its base in Maputo, Mozambique.
