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ILFC enters into $2.3bn committed unsecured credit facility

International Lease Finance Corporation, a wholly owned subsidiary of American International Group (AIG), announced today that it has entered into a new $2.3bn committed unsecured revolving credit facility, replacing its $2.0bn unsecured revolving credit facility entered into in January 2011. The new facility, which is available for general corporate purposes, further enhances the company’s strong

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Spirit AeroSystems ACS signs spare parts agreement with Ethiopian Airlines

Spirit AeroSystems and ­­­­Ethiopian Airlines announced the signing of a supply agreement whereby Spirit Aftermarket Customer Support (ACS) will provide thrust reverser, fuselage, and wing component spare parts for Ethiopian Airlines’ fleet of Boeing aircraft. This multi-year contract will enable Ethiopian Airlines to obtain predictable and competitive pricing for all parts in the Spirit catalog

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Monarch Aircraft Engineering launches web based part search and RFQ tool

Monarch Aircraft Engineering Limited (MAEL), continues to innovate and lead the industry with the development of an advanced parts locator and RFQ tool. With a stock portfolio valued at over $100m, which is optimally located across UK airports, customers will be able to search for components and consumables by part number and/or description 24 hours

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A J Walter Aviation signs four new power-by-the-hour agreements

A J Walter Aviation has signed new power-by-the-hour agreements with four key European customers – Air Moldova, Cosmo Airlines, BH Air and Aerosvit Airlines. These contracts bring the combined fleet that AJW has under PBH or pooling contract to over 400 aircraft globally. AJW will support these customers from its network of strategic hubs across

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Taikoo Spirit secures eight CF6-80C2 thrust reversers

Taikoo Spirit AeroSystems (Jinjiang) Composite Co., a HAECO Group company, has recently purchased eight CF6-80C2 (Boeing 747/767) thrust reversers. These thrust reversers will be overhauled at Taikoo Spirit according to Component Maintenance Manual (CMM), and all applicable Service Bulletins (SB) will be accomplished. Upon completion, these thrust reversers will be used to acquire business specifically

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Lufthansa Technik enters into cooperation agreement with GE

Lufthansa Technik AG and GE Aviation have entered into a long-term cooperation agreement related to material supply, which also extends to the supply of OEM spare parts, and parts repairs of CF6-80C2 and CF34 engines operated by Lufthansa Technik’s customers. As part of this agreement, Lufthansa Technik and GE will jointly develop and utilize each

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HEICO Corporation acquires niche aircraft component repair company

HEICO Corporation released that its Flight Support Group has acquired 80.1% of the assets and certain liabilities of Action Research Corporation of Greer, SC. Financial terms were not disclosed, but HEICO stated that it expects the acquisition to be accretive within the first year after the closing. Action Research Corporation (ARC) is an FAA-Approved Repair

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A J Walter Aviation and British Airways Engineering extend strategic partnership

A J Walter Aviation (AJW), a leading independent provider of integrated aviation services, and British Airways Engineering, a leading Maintenance, Repair & Overhaul (MRO) provider, announced they are entering the aftermarket arena for the Boeing 787 with a fully integrated programme of aircraft spares support and repair capability. This bespoke service for the new aircraft

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Gama Support Services expands supply chain capability

Gama Group, the global business aviation service provider, announced an exclusive agreement with Professional Aviation Associates to hold consignment stock for European based Hawker Beechcraft aircraft. Gama Support Services (GSS), a Gama Group company, held a signing ceremony at its Farnborough, UK headquarters with US based Professional Aviation Associates (PAA). This agreement significantly expands the

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