International Lease Finance Corporation (ILFC) has signed an agreement with AerCap Holdings N.V. to acquire its AeroTurbine subsidiary. The acquisition of AeroTurbine will provide synergies and allow ILFC to realize more value from its fleet portfolio. These synergies will maximize the value in the remaining life and ultimate disposition of aircraft and provide a tool to optimize
Turkish Technic signed APS3200 APU repair services contract with Atlasjet, which covers APU repair and spare support during shop visit. Repair work will be carried out at Turkish Airlines Technic’s APU shop in Istanbul, Turkey and will be completed by the middle of August.
Dynomax reported that its aerospace operations has been awarded a three-year contract by B/E Aerospace. Under the agreement, Dynomax will provide high-precision machined metal components for first class seats on certain Airbus A380 and Boeing 777 aircraft. Dynomax offered a custom kitted solution that includes the design and building of custom recyclable shipping containers with specialty
Bombardier Aerospace released that the Letter of Intent (LOI) from Korean Air signed on June 21 at the 2011 Paris Air Show, to acquire 10CS300 airliners has now been converted into a firm order. The transaction also includes options on 10 CS300 aircraft and purchase rights for an additional 10 CS300 aircraft. The firm order
Boeing and Korean Air announced an order for two additional Next-Generation 737-900ER jetliners. The new airplanes will be fitted with the new Boeing Sky Interior and the order is valued at $171.6 million at Boeing list prices. Korea’s flag carrier is in the process of revamping its fleet with technologically advanced airplanes – having completed a cabin refurbishment
Werner Aero Services, a global leader in the aviation industry, has signed a three year component management agreement with Alliance Airlines of Australia. Through its NIRVANA program, Werner Aero Services will provide Alliance Airlines with component repair and overhaul management for its fleet of Fokker aircraft. Alliance operates a fleet of 18 Fokker 100 jets, two Fokker
Jackson Square Aviation (“JSA”) reported the first of seven Airbus A320 deliveries to Concesionaria Vuela Compania de Aviacion (“Volaris”). This delivery is in connection with a long-term operating lease, for which DVB Bank SE provided senior debt. JSA has also provided PDP financing to Volaris in connection with this transaction.
International Lease Finance Corporation (ILFC) has completed an agreement to lease six new B787-8 aircraft and two new 787-9 aircraft plus two new 787-9 aircraft options to Thai Airways. All the leases are for a 12-year leasing term. The agreement calls for ILFC to lease eight Boeing B787-8/9s to Thai Airways between 2014 and 2017.
GE Aviation announced that it will open a new manufacturing facility in Ellisville, Miss., to meet accelerating global demand. GE will invest $56 million in the new facility. The company is targeting for production to begin in 2013 and will create 250 new high-tech manufacturing jobs by 2016. The 300,000-square foot facility will manufacture advanced
FL Technics has purchased 7 Boeing 737-300 aircraft for tear down into parts and components. The disassembled aircraft components will be used to form and maintain a wider stock of B737 CL spare parts and components as well as to expand FL Technics warehouse portfolio capabilities. FL Technics‘ decision to acquire Boeing 737-300 from the
