AWAS delivered an initial A320-200 passenger aircraft to IndiGo, India’s largest low cost airline. In late 2011 AWAS and IndiGo entered into a purchase and leaseback agreement for four Airbus A320 passenger aircraft that the airline had previously ordered from the manufacturer. The three remaining aircraft will be delivered in the first half of 2012.
IndiGo takes delivery of Airbus A320 aircraft Read More »
Lufthansa Technik Philippines (LTP), one of the largest providers of aircraft maintenance services in Asia, has opened a third hangar in Manila for work on widebody aircraft. With this step, the company is preparing for the technical support of the world’s largest commercial aircraft, the A380. Lufthansa Technik Philippines, a joint venture between Lufthansa Technik
Opening of new A380 maintenance hangar at Lufthansa Technik Philippines Read More »
Atlanta-based Precision Aviation Group (PAG) announced the launch of the Rotorcraft Services Division at its subsidiary Gardner Aviation Services (GAS). This Division will provide Helicopter-specific Avionics Upgrades/Installs, Airframe Maintenance, and MRO services at GAS’ 35,000 ft² facilities located at the Atlanta Regional Airport (KFFC), in Peachtree City, Georgia. David Mast, PAG President and CEO said: ” GAS
PAG launches new Rotorcraft Services Division Read More »
SCHROTH Safety Products has appointed Avio-Diepen as a full-line distributor of its commercial aircraft products. SCHROTH Safety Products is a global designer and manufacturer of state-of-the-art occupant restraint systems and offers a wide assortment of products ranging from lap belts up to 5-point systems. The entire range of products is now available through Avio-Diepen. The addition of the
SCHROTH Safety Products appoints Avio-Diepen as distributor Read More »
Bombardier Aerospace identified China Express Airlines, China’s first private regional airline, as the undisclosed customer in the previously announced CRJ900 NextGen transaction of October 26, 2011. The conditional order for six CRJ900 NextGen aircraft and options on an additional five CRJ900s will build upon China Express’ existing fleet of CRJ200 aircraft, serving to further enhance the airline’s
China Express Airlines to operate up to eleven Bombardier CRJ900 NextGen aircraft Read More »
Etihad Airways, the national carrier of the United Arab Emirates, reported full year EBIT of US$137m, on revenues up 36% to US$4.1bn (2010: US$2.98bn). The results included earnings before interest, tax, depreciation, amortisation and rentals (EBITDAR) of US$648m with a net profit of US$14m. The record result exceeded the airline’s 2011 target, which was to break even.
Etihad Airways reports profitability and EBIT of US$137m in 2011 Read More »
The Board of Directors of Hawker Beechcraft appointed Robert S. Miller as Chief Executive Officer of the Company, effective Feb. 7th. Bill Boisture, formerly Chief Executive Officer of Hawker Beechcraft, will remain as Chairman of its operating subsidiary Hawker Beechcraft Corporation.
Robert S. Miller to join Hawker Beechcraft as CEO Read More »
FLY Leasing has signed an extension of its credit facility with Norddeutsche Landesbank Gironzentrale (Nord LB). The facility was set to mature in November 2012 and has been extended until 2018. As of December 31, 2011 the outstanding balance of the facility was $598m. FLY has 109 aircraft on lease to 53 airlines around the
FLY Leasing extends $600m credit facility Read More »
Air Canada reported a net loss of $60m in the fourth quarter of 2011, which included foreign exchange gains of $114m, compared to net income of $89m in the fourth quarter of 2010, which included foreign exchange gains of $136m, an impairment charge on aircraft of $49m and a net favourable adjustment to the provision
Air Canada reports fourth quarter net loss of $60m Read More »
Bombardier Aerospace and AVIC International Leasing (AVIC Leasing) of the People’s Republic of China announced a memorandum of understanding (MOU) for an expanded co-operation to support the financing of commercial aircraft sales in China and globally. The MOU entered into between AVIC Leasing and Bombardier was one of several agreements signed at the Canada China Business Forum
AVIC Leasing and Bombardier sign MOU for aircraft financing Read More »
