Cytec Industries announced its firm intention to acquire all of the outstanding shares of Umeco plc (‘Umeco’), an international provider of advanced composite materials, in an all-cash transaction valued at approximately $439m (£274.3m based on a 1.60 exchange rate). The board of directors of Umeco intends to unanimously recommend the transaction to Umeco shareholders. The
Garuda Indonesia, the national carrier of Indonesia, has placed a firm order with Airbus for 11 more A330-300 widebody aircraft. The contract was signed on April 11th in Jakarta. The order is the third to be placed by Garuda Indonesia for the A330 since July 2010, with the carrier now having a total of 21
L-3 Communications has entered into an agreement to acquire the assets of Thales Training & Simulation Ltd’s civil aircraft simulation and training business. The purchase price is £83m (approximately $132m) and will be funded with cash on hand. Headquartered in Crawley, United Kingdom, the business employs approximately 400 people. It is a leading manufacturer of
Defence and security company Saab has received a contract extension from Airbus, for the A320-family Aileron for the life of this programme. Based on the current Airbus order backlog for the A320-family the initial contract is valued at 701 MSEK. Further Airbus sales will lead to additional orders and thereby increase the total contract value.
Boeing has made a series of design updates to the 737 MAX to further optimize the new-engine variant’s performance. Those design decisions include: Aft body aerodynamic improvements: the tail cone will be extended and the section above the elevator thickened to improve steadiness of air flow. This eliminates the need for vortex generators on the
Lufthansa Technik is opening a new sales office in the Turkish metropolis Istanbul – a step that acknowledges the growing importance of the Turkish market. Turkey is one of the ten most strongly growing countries around the world and leads growth in Europe. Aviation in particular is steadily gaining importance.
GE Capital Aviation Services (GECAS) announced delivery of a new Boeing 737-800 aircraft leased to Czech Republic-based Travel Service, a.s. The aircraft comes from GECAS’ existing order book with Boeing and expands the airline’s fleet. This multi-aircraft deal between GECAS and Travel Service comprises two deliveries in 2011 and three more in 2012. The fifth
FL Technics, a global provider of fully integrated aircraft technical maintenance services, is set to open 7 new line maintenance stations across Europe, the CIS and Asia-Pacific. The range of services offered in all 7 new line maintenance stations will extend to on-call maintenance, pre-flight, daily, weekly checks and component replacements, inspections and repairs. The
Finnair and SR Technics have signed a Memorandum of Understanding, according to which Finnair will in the future source engine and component services for its aircraft from SR Technics. Finnair expects the cooperation to result in significant cost savings for the company. The planned cooperation is a part of Finnair’s transformation program started in August
Silver Airways continues its fleet upgrade by accepting delivery of its fourth Saab 340Bplus. The Fort Lauderdale-based carrier, which received United States Federal Aviation Administration (FAA) approval to operate the Saab 340Bplus aircraft type in March 2012, has secured agreements with Saab Aircraft Leasing to purchase a total of 12 of the advanced turboprops. Silver
