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.
Hong Kong Aviation Capital (HKAC) delivered a further new Airbus A320 purchased from Indigo Airlines and leased back. This is the 12th A320 HKAC has on lease with the airline.
airberlin, Germany’s second-largest airline company, significantly improved its net income for the traditionally strong third quarter, in comparison with the previous year. At the same time, it was able to offset strongly increasing external cost through the successful efficiency-improvement program “Shape & Size”, which will lead to an improvement of €230m in operations this year.
Air Lease Corporation (AL) placed two new ATR 72-600s (MSNs 1086 and 1096) from their order pipeline, on long term lease to Aeromar (Mexico), delivering April and May 2013.
United Technologies reported that its Pratt & Whitney unit will expand manufacturing capabilities at the company’s West Palm Beach facility. Pratt & Whitney plans to invest more than $63m to construct and equip a new building and make improvements to existing space at the facility. Construction is expected to begin in the first half of
Avianca Airlines, Colombia’s flagship airline, announced an order for three 787 Dreamliners. The order was previously attributed to an unidentified customer on Boeing’s Orders & Deliveries website and is valued at approximately $620m at published list prices.
AJW Capital Partners, part of the AJW Group of companies, has entered into a purchase agreement with Airbus SAS for two new A340-500 aircraft. The aircraft will enter commercial service with an existing AJW Group customer. AJW Capital is the AJW Group’s principal investing division and is responsible for the purchase, sale and lease of
WheelTug plc announced the execution of a letter of intent with KLM Royal Dutch Airlines, to explore possibilities to install the WheelTug aircraft electric drive system on its aircraft fleet in the future. WheelTug plc, based in Gibraltar, is developing the new technology. Subject to certification of the system and execution of a definitive agreement,
