VEB-leasing JSC, a subsidiary of Vnesheconombank, and Transaero Airlines JSC signed a cooperation agreement under which VEB-leasing will finance the acquisition of four new Airbus A380 aircraft to be used by Transaero, as part of a long-term lease arrangement between the two companies. The deal, which total catalog price is $1.6bn, plays a major role
ST Aerospace announced that it has secured about $540m worth of new contracts in the first quarter of 2012. These contracts for Aircraft Maintenance and Modification, Component Total Support, and Engine Total Support businesses will be carried out at its global maintenance, repair and overhaul (MRO) network. Specifically for passenger-to-freighter (PTF) conversions, ST Aerospace secured
Boeing executives and more than 500 employees, suppliers, union representatives and government officials joined China Southern Airlines celebrated the 4,000th Next-Generation 737 at a special event on Friday 13th, at Seattle’s Boeing Field. The 4,000th Boeing Next-Generation 737 jetliner off the 737 production line in Renton, Wash., will be delivered to China Southern Airlines, headquartered
Commercial aircraft company, Jet Midwest Group, announces the acquisition of 17 complete Boeing 767 aircraft from Air Canada. “We are excited to have purchased the entire fleet of 767 aircraft from Air Canada and feel it fits well within our commitment to the Boeing wide-body marketplace,” says Jet Midwest Group. “This acquisition will expand our
AgustaWestland North America, has delivered AW139 aircraft to the Egyptian Air Force via its contract with U.S. Army Aviation and Missile Command (AMCOM) Contracting Center for Foreign Military Sales. Produced in the United States at the company’s Philadelphia, Pa. facility, AgustaWestland configured the AW139s for the Egyptian Air Force’s search and rescue missions.
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
