Willis Lease Finance Corporation (WLFC), a leading lessor of commercial jet engines, reported that net income was $2.4m in the second quarter of 2012, compared to $2.7m in the year ago quarter, due to lower lease rent and maintenance reserve revenue and differences in gains from sale of leased equipment, partially offset by lower net
Pemco World Air Services, an industry leader in aircraft MRO and engineered services, announced that it has filed with the Bankruptcy Court for the district of Delaware, an amended and restated Asset Purchase Agreement with Avion Services Holdings, an affiliate of Sun Capital Partners. The Company anticipates that the sale to Avion Services Holdings will
The first ATR 72-600 turboprop aircraft destined for the Asia Pacific Region was delivered to the leasing company Avation Plc, as part of an agreement with Australian regional carrier Skywest Airlines and Virgin Australia. The aircraft was received by Avation’s Chief Operating Officer, Rod Mahoney, at ATR’s manufacturing facility in Toulouse, France. Avation Plc has
Austrian based carrier InterSky and Lufthansa Technik AERO Alzey prematurely prolong their partnership by signing an agreement that extends the duration of the existing contract by additional five years. In 2010 InterSky and Lufthansa Technik AERO Alzey entered into an exclusive Agreement to support InterSky’s fleet PW123 powered Q300 aircraft with engine MRO services.
The second-generation supplemental cooling system developed, manufactured and qualified by Liebherr-Aerospace for the Airbus A380 aircraft has entered into service in July 2012, upon delivery of the A380 serial number 078 to Malaysia Airlines. Liebherr-Aerospace’s supplemental cooling system is a high-power cooling system that features latest-generation power electronics and a screw compressor. The system provides
Embraer’s Lineage 1000 ultra-large executive jet will spread its wings for its first mainland China customer with the delivery to China’s Xinjiang Guanghui Industry Investment Group Co. “We welcome Xinjiang Guanghui Group to join Embraer’s increasing customer base in China,” said Guan Dongyuan, President of Embraer China. “We believe that the Lineage 1000, the flagship
A J Walter Aviation confirmed that it had signed an asset purchase agreement to buy the component repair business of Aveos Fleet Performance. AJW plans to develop a world class MRO operation to enhance its diversified business model and will establish the Montréal facility as its new global headquarters for the maintenance, repair and overhaul
Mxi Technologies, a leader in aviation maintenance management software, released that IRKUT, one of Russia’s leading aircraft manufacturers, has signed a memorandum of understanding (MOU) for the provision of Maintenix in support of the organization’s single-aisle MS-21 aircraft after-sales support program. Beginning with the MS-21 fleet, this agreement will help to define future after-market support
Gama, the global business aviation and services group reported that the United Arab Emirates General Civil Aviation Authority (‘UAE GCAA’) has approved Gama Aviation FZE as one of the first UAE based business jet operators to achieve CAR Part M Continued Airworthiness Maintenance Management Organisation certification. CAR Part M is the latest continued airworthiness management
Following on from the opening of Australia’s newest engine maintenance and test facility for turboprop engines and APUs in Adelaide on 27th July, TAE announced the addition of a new PT6 engine maintenance capability at Brisbane Airport. TAE now offers customers a ‘light’ maintenance capability, including hot section and power section repairs for all PT6
