For the first 9 months of 2012, the Latécoère Group, a tier 1 partner to major international aircraft manufacturers, posted revenue, excluding non-recurring items, of €416.7m, up +11.7% year on year. At a constant €/US$ exchange rate, organic growth stood at +7.85%; the hedging strategy implemented has allowed the Group to partially benefit of a
The Prime Minister of Bulgaria Boyko Borisov has recently inaugurated the new extended state-of-the-art MRO facility of the German-Bulgarian Joint Venture company Lufthansa Technik Sofia at Sofia Airport. The inauguration represents the official completion of the successful facility extension which started in 2011. Over the past year the company has added three additional bays to
EVA Air of Taiwan has become a new operator of Airbus single aisle aircraft following the delivery of its first A321. The aircraft is being leased from Aviation Capital Group (ACG) and is the first of 12 A321s ordered by the US lessor. The aircraft was handed over at a ceremony in Hamburg attended by
GE Aviation is gathering hardware for the assembly of its first Passport engine for the Bombardier Global 7000 and Global 8000 aircraft. Assembly of the first full engine to test will begin by year end. Since launching the engine in 2010, GE has conducted validation tests on the fan blisk design, including two fan blade-out
Mitsui & Co. and GE Aviation announced a strategic partnership to support the development of key advanced technologies for GE’s next-generation of large commercial engines, including the engine study called the GE9X. Terms of the agreement are not being disclosed. Last year, Mitsui and GE Capital announced a strategic relationship through which Mitsui established an
Air China and GA Telesis have concluded their agreement to form the world’s largest China-based integrated commercial aerospace services provider. During a ceremony in Beijing, the companies signed all documents including their partnership agreement, to form GA Innovation China or Beijing Ji-An (“Beijing Ji-An, GAIC or the Company”) a 50/50 joint venture based in Beijing.
Pratt & Whitney Canada (P&WC) has signed a four-year Engine Service Agreement with Bombardier Aerospace to provide the highest level of OEM support to Learjet(i)60(i) business jet operators. The announcement was made during the National Business Aviation Association’s 65th annual meeting and convention in Orlando, Florida. Pratt & Whitney Canada (P&WC) and Viking Air have
Air New Zealand took delivery of its first ATR 72-600 aircraft, which is painted in striking all black livery, as part of the airline’s support for New Zealand’s national rugby team, the All Blacks. The airline and ATR announced in October 2011 a contract for seven firm 68-seat ATR 72-600 aircraft, plus options for another
Australian-based TAE signed an agreement with GE Aviation to become the M601 and H80 Designated Repair Center for the Asia-Pacific region. Under this agreement, TAE will offer heavy repair services, engines rentals, line replacement unit rotable pools and field service support to all existing and future M601 and H80 engines in the Asia-Pacific region. GE
Virgin Australia announced three transactions designed to accelerate the growth of the business, diversify its earnings and increase competition in Australia. The transactions include: – making a placement of shares to Singapore Airlines, which will see Singapore Airlines owning a 10% interest in Virgin Australia – entering a Share Purchase Agreement to acquire 60% of
