Hawaiian Airlines and Mechanics Union reach tentative agreement

Hawaiian Airlines announced a tentative agreement has been reached with the International Association of Machinists and Aerospace Workers, District 142 on a four-year contract offering increased compensation for members and operational improvements for the company. The tentative agreement covers 600 of Hawaiian’s employees working as aircraft inspectors, mechanics, line service, cleaners, and contract service personnel. […]

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Skyservice Airlines announced shutdown of operations

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Skyservice Airlines announced the shutdown of its operations following the appointment of a receiver by the Ontario Superior Court of Justice. Recent changes in the Canadian vacation tour market combined with Skyservice Airlines’ debt level have rendered the company unable to maintain profitable operations. As a result, one of the company’s secured lenders applied for

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Malaysia Airlines orders 17 A330s

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Malaysia Airlines has placed a firm order with Airbus for 17 A330 widebody aircraft. The contract firms up a previously announced Memorandum of Understanding for 15 A330-300 passenger aircraft, plus an additional order for two A330-200F Freighters for operation by the carrier’s subsidiary MASkargo. Deliveries of the passenger aircraft will begin in the first half

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Honeywell raises first quarter earnings per share guidance to $0.45 – 0.49

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Honeywell has raised first quarter earnings per share guidance to $0.45 – 0.49 from $0.40 – 0.45. The better than anticipated outlook reflects both stronger orders and sales in several short cycle end markets, including Honeywell

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Ameco Beijing signs heavy maintenance contract with United Airlines

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United Airlines and Aircraft Maintenance and Engineering Corporation (Ameco Beijing) signed a five-year contract for airframe heavy maintenance, continuing and strengthening their cooperation. Over the next five years, United’s fleet of Boeing 747s along with the Boeing 777s will go to Ameco Beijing for heavy maintenance visits (HMV). Ameco Beijing will perform all HMVs including

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First Airbus A319 handed over to the German armed forces

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Lufthansa Technik formally handed over the first of two Airbus A319

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ST Aerospace signs $750 million engine MBH contract

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ST Aerospace has been awarded a Maintenance-By-the-Hour (MBH) contract by Jet Airways (India) for the support of Jet Airways’ CFM56-7B engines that power Jet Airways’ and JetLite’s fleet of 67 Boeing 737 next generation aircraft. The contract is worth $750 million (S$1.0b) and will commence immediately. Under the agreement, ST Aerospace’s wholly owned subsidiary, ST

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Jackson Square Aviation launches with $500 million equity commitment

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Jackson Square Aviation announced its formation along with a $500 million equity commitment to its parent company (JSA International Holdings, L.P.) from investment funds managed by Oaktree Capital Management, L.P. Led by the seasoned aircraft leasing trio of Richard Wiley, Toby Bright and Scott Weiss, Jackson Square aims to become the leading provider of lease

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Certification testing underway for GE Aviation's H80 Turboprop engine

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The first H80 turboprop engine began its certification testing on March 8 in a test cell at the GE Aviation Czech facility in Prague in the Czech Republic. The H80 turboprop engine will produce up to 800 shaft horsepower (shp) and power business and general aviation, utility and agriculture aircraft. A total of five development

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