IBC Advanced Alloys, a leading beryllium and copper advanced alloys company, has announced new credit facilities of up to US$8,000,000 established pursuant to a credit and security agreement among Iron Horse Credit and certain of the company’s U.S. subsidiaries and an account sale and purchase agreement (ASPA) among Sallyport Commercial Finance and the subsidiaries. The
In the first six months of 2021, MTU Aero Engines AG generated revenue of €2,004 million; in the first half of 2020, revenue was €2,049 million. The operating profitwas €190 million (1-6/2020: €224 million) and the adjusted EBIT margin was 9.5% (1-6/2020: 10.9%). Net income developed in line with operating profit and was €135 million,
VSE Corporation, a leading provider of aftermarket distribution and maintenance, repair, and overhaul (MRO) services for land, sea and air transportation assets for government and commercial markets, has acquired privately held Global Parts Group (Global Parts) in an all-cash transaction valued at approximately US$38 million, subject to customary working capital adjustments. Global Parts is a
Air Lease Corporation has delivered one new Airbus A321neo aircraft on long-term lease to SKY (Chile). This is the first Airbus A321neo to operate in Chile. “ALC is pleased to deliver this new Airbus A321neo aircraft to SKY and be the first to introduce the aircraft to the airline and country of Chile,” said Matthew Stevens,
StandardAero has delivered the industry’s first UH-1H helicopter tailboom modified to be the lightest with the most heavy-lift strength to fly in the hottest and highest altitudes in the world. The first modification was delivered to launch customer, Pinal County, Arizona Sheriff’s Department’s helicopter fleet, earlier this month. Upgrade modifications to the UH-1H tailboom and
Clark International Airport (CRK) in Pampanga, Philippines, has selected a suite of Collins Aerospace ARINC airport solutions to help provide a seamless passenger experience for the increased number of travelers expected to pass through the airport following its 2021 expansion. CRK selected a suite of ARINC passenger processing and airport operation solutions to move passenger
Aero Controls have completed the recertification of its AS9100D quality management system requirements for aviation, space and defense organizations certification utilizing Det Norske Veritas Certification. The adoption of AS9100D has been a key commitment to continuous quality improvement for all levels of employees and management within Aero Controls in its continuing support of its aerospace
Aerospace Engineering Solutions (AES), a U.K. and Ireland aerospace design and certification organization, has been awarded the Supplemental Type Certificate (STC) for the installation of the aircraft-powered version of Bluebox Aviation System’s wireless in-flight entertainment (W-IFE) system, Bluebox Wow, by the European Union Aviation Safety Agency (EASA). Recently issued by EASA, this latest STC (No.
GA Telesis (GAT) has announced a further expansion of its global distribution agreements with Honeywell as the exclusive provider of avionics components for Embraer E-Jet and E-Jet E2 aircraft. This latest agreement with Honeywell is another example of the strong relationship with GA Telesis’ Flight Solutions Group (FSG) in support of the new aviation parts
HAECO Cabin Solutions, a business unit of the HAECO Group specializing in aircraft seating, interiors, and cabin reconfiguration, has entered into a preferred strategic commercial agreement with Diehl Aviation to deliver a wide range of aircraft cabin projects including complex, bespoke installations, as an integrated supplier. Combining their core competencies and experience, Diehl Aviation and
