BOC Aviation (USA) has reported that it entered into an agreement with United Airlines pursuant to which it agreed to purchase six Boeing 787-9 aircraft and 16 Boeing 737-9 MAX aircraft from the United and to lease the aircraft back to the airline. The Transaction is scheduled to close in 2020.
Kellstrom Aerospace has acquired an A320-214 (MSN 2180) with serviceable CFM56-5B4/P engines. The A320 airframe was acquired for disassembly in the U.K. The engines will be remarketed through Kellstrom Aerospace Asset Management. This project will enhance Kellstrom Aerospace’s unique and innovative lifecycle solutions portfolio by supporting both Kellstrom Aerospace Asset Management division with additional short-to-mid-term
Following the current three-week suspension of operations, MTU Aero Engines is planning a gradual restart of operations at its German sites. Capacities will be increased according to demand and the situation in the supply chain. Extensive measures have been prepared to protect employees’ health. Short-time working will apply from April 20, 2020, at the company’s
Given that Boeing has extended closure of its Washington state factories indefinitely, and closed its Charleston, South Carolina plant until further notice, Triumph has announced furloughs for approximately 2,300 employees across its plants in the U.S. and Europe for two to four weeks to reduce capacity associated with Boeing Commercial Aircraft programs. These plants will
Frost & Sullivan’s recent analysis, Global Commercial UAS Market Outlook, 2020, finds that the industry is transitioning from a nascent to a growth stage. With the surge in demand for commercial drones by the professional segment, unit shipment is estimated to rise at a compound annual growth rate (CAGR) of 4.5%, reaching 2.91 million units
AerCap has released its major business transactions during the first quarter of 2020. The company signed lease agreements for 28 aircraft, including ten wide-body aircraft and 18 narrow-body aircraft and purchased seven aircraft, including five Airbus A320neo Family aircraft, one Boeing 787-9 and one Embraer E2 aircraft. AerCap executed sale transactions for 18 aircraft, including
In the first quarter of the year BOC Aviation has signed agreements to purchase 48 aircraft, of which 38 have already been placed on long-term leases with the remaining ten unplaced A320neos due to be delivered in 2023-24. As of March 31, the company’s balance sheet comprised liquidity of US$3.6 billion. The company closed the
Boeing is launching a compensation program in view of the economic impact of the COVID-19 pandemic. This was announced by Boeing CEO David Calhoun on Thursday, April 2, in a statement to the workforce. Employees should be encouraged to leave the company voluntarily by means of the severance package. This was to avoid the need
Aviation Clean Air (ACA) is experiencing increased interest and an uptick in orders for its Ionization Purification System. The patented system is certified for aircraft installation by both the Federal Aviation Administration (FAA) and the European Aviation Safety Agency (EASA). The ACA product is a proactive system that immediately improves interior air quality, eliminates odors
Colibri Aero, an international supplier of aircraft parts and interior solutions, together with J&C Aero, an international aircraft design and production organization, have developed universal Cargo Seat Bags for commercial and humanitarian cargo transportation inside Airbus A319/A320/A321 passenger cabins. The newly developed interior modification kit has already been approved by the European Aviation Safety Agency
