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HNA Group and Bravia Capital complete acquisition of MyCargo Airlines

Bravia Capital (Bravia), a private equity investor based in Hong Kong and HNA Group Co., (HNA) of China, have completed the acquisition of ACT Airlines, Turkey. ACT Airlines is an air cargo operator based in Istanbul, Turkey. The transaction represents the strategic expansion of China’s global footprint into the high-growth marketplace of Turkey and surrounding regions,

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Sikorsky S-76D helicopter moves closer to certification

The S-76D helicopter program has achieved another significant milestone as Transport Canada recently certified the Pratt & Whitney Canada PW210S engines that will be installed in Sikorsky’s new S-76D helicopter. The engine certification signifies that the PW210S engine has completed all required certification tests and complies with all regulatory requirements. Pratt & Whitney Canada has accumulated

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Germanwings and Lufthansa Technik sign strategic partnership

Germanwings and Lufthansa Technik have significantly strengthened their existing relationship by signing a strategic cooperation contract regarding technical services for the complete fleet, currently consisting of 30 Airbus A319. A dedicated cooperation management has been implemented to guarantee an optimal technical service for Germanwings. A Lufthansa Technik Fleet Manager is based at the airline’s headquarters

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GE and IPTN sign CT7 engine overhaul contract

GE and PT. Nusantara Turbin Dan Propulsi (NTP) signed an overhaul support agreement covering CT7 engines that power CN235 turboprop aircraft. This further expands the successful collaboration between the two companies on the CT7 program that dates back over 20 years. NTP is a subsidiary of PT. Dirgantara Indonesia (PTDI), formerly IPTN. Under the agreement,

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Turkish Technic signs agreements with Somon Air and Pegasus Airlines

Pegasus Airlines & Turkish Technic signed base maintenance services agreement for 1 Boeing 737-800 C-Check. Maintenance will be carried out at Turkish Technic’s Istanbul Facilities, within the fourth quarter of 2011.  Turkish Technic and Somon Air have signed a GTCP131-9B APU repair services contract in October 2011, which covers one GTCP131-9B model APU repair ans

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Aircastle and Southern Air announce 747-400SF Freighter leases

Aircastle and Southern Air Holdings have entered into long-term leases under which Southern Air will utilize two 747-400SF aircraft owned by Aircastle.  The aircraft are expected to enter commercial service during the first quarter of 2012, advancing Southern Air’s fleet renewal and business expansion program.

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ICBC Leasing orders 45 C919 passenger jets

ICBC Leasing signed a deal with Commercial Aircraft Corporation of China (COMAC) to buy 45 C919 large passenger planes. The financial leasing arm of Industrial and Commercial Bank of China signed the new order as it sought to expand its fleet size to cash in on the country’s rapidly growing demand for air services. ICBC Leasing

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