DAE Board of Directors approve US$300 million bond repurchase program

The Board of Directors and Shareholders of Dubai Aerospace Enterprise (DAE) have approved a bond repurchase program of up to US$300 million. Repurchases will be conducted through transactions in the open market. DAE also announced that pursuant to this approval it had repurchased US$43 million of its bonds maturing in 2024. DAE Managing Director Khalifa […]

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BOC Aviation reports operational transactions for second quarter ended June 30, 2018

Aircraft & Engines / Leave a Comment

BOC Aviation has reported its operational transactions for the second quarter ended June 30, 2018. At the end of the second quarter BOC Aviation owned and managed a portfolio of 324 aircraft, with an average aircraft age of 3.0 years and an average remaining lease term of 8.3 years for owned aircraft fleet, weighted by

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Special Purpose Operator status awarded to UK flight test company

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EASA (European Aviation Safety Agency) Special Purpose Operator (Part-SPO) status has been achieved by Nova Systems UK, an arm of the Australian Nova Group. Using its EC135 helicopter G-NSYS, the Nova team has worked hard to deliver the safety systems and organisational structures required by the Agency. Nova now adds this important operating declaration to

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LHT signs component support contract with Avianca Brasil

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The Brazilian airline Avianca Brasil and Lufthansa Technik have signed a comprehensive Total Component Support (TCS®) contract, covering repair and overhaul of components for the fleet of Avianca Brasil. The fleets consist of Airbus A320 family and Airbus A330 long-haul jets. Component support of the Airbus fleet will be ensured through a home base stock

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Héroux-Devtek completes acquisition of Beaver Aerospace & Defense

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Héroux-Devtek, a leading international manufacturer of aerospace products, has successfully completed the acquisition of all the shares of Beaver Aerospace & Defense and its wholly-owned subsidiary PowerTHRU, from Phillips Service Industries for a purchase price of US$23.5 million including a US$3.5 million balance of sale payable over the next two years and, subject to final

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Airbus forcasts nearly 37,400 new aircraft valued at US$5.8 trillion required over 20 years

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The world’s passenger fleet will more than double to 48,000 aircraft in 20 years with traffic growing at a resilient 4.4% per year, driving a need for 37,390 new passenger and freighter aircraft according to Airbus’ new Global Market Forecast 2018-2037. Growth drivers include private consumption increasing 2.4 times in emerging economies, higher disposable incomes

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Sabena technics appoints new Managing Director for its Nîmes branch

People / Leave a Comment

The French Group, Sabena technics, has appointed Fabrice Dumas as the new Managing Director of its Nîmes site (France). He will be part of the Group’s Executive Committee. Fabrice Dumas, a graduate from ISEP, began his career in 1989 as engineer and brings along over 15 years of management experience. He has held a number

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Altec, Sitael, Virgin Galactic & The Spaceship Company sign framework to bring commercial spaceflights to Italy for science and tourism

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Nicola Zaccheo, Sitael CEO, Vincenzo Giorgio, Altec CEO, and George Whitesides, Virgin Galactic CEO, signed at Sitael headquarters a framework agreement that intends to bring Virgin Galactic spaceflights to Italy. The agreement comes after two years of business discussions, government regulatory analysis, studies on potential operations and market assessment. In September 2016 Altec – a

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Eirtech awarded first A320neo CAMO approval in Ireland

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Eirtech Aviation Services are the first Irish EASA Part M CAMO organisation to have gained approval for A320NEO Aircraft. This approval covers both engines types on the A320NEO, CFM LEAP and Pratt and Whitney IAW PW1100G. Eirtech leading the way in providing CAMO support for the next generation of A320 aircraft, the NEO series. Achieving

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SAS posts June load factor of 81.8%

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SAS Scandinavian Airlines released traffic data for June 2018. Scheduled number of passengers increased by 2.6% to 2.7 million in June. Scheduled traffic for the month increased 2.8%, while capacity was up 1.5% compared to June 2017. The load factor increased 1.0 point to 81.8% compared to the previous year.

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