Nippon Carbon Company, GE and Safran are creating a joint venture to manufacture and sell silicon carbide (SiC) continuous fiber or Nicalon, an important material for CFM’s next-generation of high performance aircraft engine components. Closure of the joint venture is subject to regulatory approvals. The new joint venture, NGS Advanced Fibers, will be headquartered in
Turkish carrier Atlasjet Airlines has selected MTU Maintenance Hannover to continue providing maintenance, repair and overhaul services for its V2500 engines. The five-year agreement covers all V2500 engines powering Atlasjet’s A320 family fleet providing an integrated service solution with spare engine lease support and engine condition monitoring services as an inclusive package.
FL Technics Jets, a company offering complex business jets technical maintenance solutions, continues to expand its production capabilities by introducing technical maintenance services for Hawker BAe-125 series NLG/MLG aircraft wheels and brakes. According to D. Saluga, CEO of FL Technics Jets, the wheel and brake workshop has the capacity to change approx. 10000 wheels and
Aveos has signed a 5-year agreement for the repair and overhaul of Snecma’s CFM56-5 platform engines and Line Replaceable Units (LRU’s), supporting the OEM with its additional capacity. Aveos has a 515,000 ft² engine facility with three test cells and has expertise on a wide range of engine families including the CF-34-3A & 3B, CF34-8C,
Dublin based global aircraft lessor, AWAS, has agreed to acquire a portfolio of twelve aircraft from GE Capital Aviation Services Limited (GECAS). All twelve modern, passenger aircraft are already on-lease to successful airlines, with six of the airlines joining AWAS as new customers. Bank debt for the acquisition is provided through a $317m limited recourse
An agreement was signed with R&R Aviation on the last day of the Singapore Airshow for two brand new Eurocopter EC130 B4, marking Eurocopter’s breakthrough into the Bangladeshi market with its first new civil helicopter sale. This achievement capped Eurocopter’s successful outing at the Airshow this year, where it also inked deals for four new
MTU Aero Engines fully achieved its forecast for the financial year 2011, as the company announced during the presentation of its provisional financial statements at the annual results press conference on Thursday, February 23, 2012. Revenues were at the upper end of the expected bandwidth of + 7 to 8%, increasing by 8% to reach
BOC Aviation has signed agreements with Hong Kong Dragon Airlines (“Dragonair”) for the lease of four new A320-200 aircraft. Two aircraft will be delivered by the end of this month and the other two in the last quarter of this year. All four aircraft are powered by IAE2527-A5 SelectOne engines. This is the first time
Beijing Municipal Public Security Bureau has signed a contract for two AW139 medium twin helicopters. These aircraft, which add to one AW109 Power and two CA109 Power light twins already in service with this customer, will be used to perform law enforcement, fire fighting and air rescue operations in and around Beijing.
El Al Israel Airlines has signed an agreement to sell and lease back two CFM engines, 56-7B, for an amount around $13-14m. EL AL leased back those engines for a period of 7 years at a lease rate of 0.75%-1.2% per month with an option to extend the contract by 5 years. As a result
