The National Bank of Abu Dhabi (NBAD) and aircraft manufacturer Boeing have signed an agreement to develop aircraft financing and leasing opportunities of mutual benefit in the Middle East market. The memorandum of understanding effective immediately represents a landmark collaborative effort aimed at increasing investment opportunities for financial institutions in the UAE and the broader
Jackson Square Aviation will become a group company of Mitsubishi UFJ Lease & Finance Company, whose interests will be wholly owned by MUL. The transaction is expected to close by the end of 2012, pending regulatory approvals. Jackson Square is one of the world’s leading commercial aircraft lessors, with a fleet of 76 next-generation aircraft
AJW Technique, the new global component repair and overhaul service based in Montréal, has chosen Component Control, industry leading MRO software specialists, to provide integrated MRO management software solutions for the entire facility. As the Company embarks on a comprehensive re-start programme, the decision to deploy the robust and aviation specific system that the AJW
CAE has sold six simulators to customers in Asia and North America: one for Bombardier Aerospace to support in the development of the Global(i) 7000(i) and Global 8000(i) aircraft program; one Boeing 737-800 to Alaska Airlines; one A320 for the Asian Aviation Centre of Excellence in Kuala Lumpur, Malaysia, and three simulators for the Zhuhai
Gulf Technics (GT) has been awarded the ISO 9001:2008 and AS/EN9120 certification after a very detailed audit that covers all areas of operations at GT. The scope covers the supply of aircraft components and associated asset management for air transport operations worldwide including the co-ordination of aircraft component repair and overhaul management services. GT’s achievement
Atlas Air, a unit of Atlas Air Worldwide Holdings, has taken delivery of its sixth Boeing 747-8 Freighter. As previously announced, the newest freighter, which offers additional next-generation performance in payload, fuel efficiency, total cost per tonne-mile, and environmental compliance, will be operated by Atlas Air in Polar Air Cargo Worldwide’s express network under an
Air Canada unveiled plans to form an integrated leisure group, combining the activities of its tour operator business, Air Canada Vacations, with its new low-cost leisure airline to launch in 2013. In addition, the airline announced the appointment of Michael Friisdahl as President and Chief Executive Officer to lead its new leisure group which will
GE Capital Aviation Services (GECAS) and Boeing finalized a firm order for 85 737s, which includes 75 737 MAX 8s and 10 Next-Generation 737-800s. The order, first announced as a commitment at the Farnborough Airshow in July, allows for up to 15 additional 737-800s. The order, worth $6 billion at list prices, further illustrates both
Eurocopter marked a major development for Brazil’s aeronautical industry with the inauguration of its Helibras subsidiary’s new rotary-wing center of excellence in Itajubá, Minas Gerais, where Brazilian Armed Forces EC725 helicopters will be assembled. Helibras’ new Itajubá plant will produce, assemble and maintain the EC725s being acquired by Brazil’s three armed forces in the largest
AFI KLM E&M officially announced the entry into service of its new engine test cell facility located at Paris-CDG airport. Following a series of certification trials, designed to verify its parameters and proper operation, the test cell is now in use on GE90-94 and GE90-115 jet engine types. The new test cell has already been
