Triumph Group to acquire Vought Aircraft Industries for $1.44 billion

Triumph Group announced the signing of a definitive agreement to purchase Vought Aircraft Industries from The Carlyle Group for cash and stock consideration of $1.44 billion including the retirement of Vought debt, creating a company with industry-leading breadth of product and capabilities. The purchase consideration to Vought shareholders includes approximately 7.5 million shares and $525 […]

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Wizz Air and LHT Budapest sign exclusive base maintenance contract

Lufthansa Technik AG and Wizz Air have further expanded their close cooperation with a five year exclusive contract covering about 150 C-checks on more than 80 Airbus A320 aircraft of Central and Eastern Europe`s largest low-fares carrier. Beginning in March, the maintenance work ranging from C1 up to C4/C8 will be carried out by Lufthansa

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GE Rolls-Royce Fighter Engine Team hits afterburner on third new engine

The GE Rolls-Royce Fighter Engine Team has successfully hit full afterburner on its third new production-configuration engine, continuing a year of major progress and milestones for the F136 program. The afterburner tests were conducted in an advanced testing facility at GE. All major objectives have been reached during this phase of testing, which included an

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Sikorskys second prototype S-76D Helicopter achieves first flight

Sikorsky Aircraft completed the first flight of its second S-76D helicopter. The prototype aircraft successfully completed its initial test card during a flight on March 19 that lasted approximately 30 minutes. The S-76D helicopter is the latest version of the S-76 helicopter. Sikorsky Chief Test Pilot Greg Barnes and Pilot Tom Davis conducted the test

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Pratt & Whitney Canada CSC Europe signs FMP agreement with Eurocopter U.K.

Pratt & Whitney Canada’s Customer Service Centre (CSC) Europe GmbH, a joint venture between Pratt & Whitney Canada and MTU Aero Engines, has signed a Fleet Management Program (FMP(R)) agreement with Eurocopter U.K. Ltd. to provide comprehensive maintenance support for six PW206B2-powered EC135 helicopters operated by various United Kingdom (U.K.) Police Air Support Units.

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Moskovia Airlines chooses AFI KLM E&M to maintain its CFM56-7 engines

Moskovia Airlines and AFI KLM E&M signed an exclusive 8-year contract for the maintenance of CFM56-7 engines equipping the Russian carrier’s B737-700/800 aircraft. The agreement covers maintenance on a Time & Materials basis and the lease of spare engines. Moskovia Airlines operates domestic and international flights from hub at Moscow Domodedovo Airport. Currently, Moskovia operates

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StandardAero to reopen engine shop at its Springfield, Ill. service center

StandardAero will reopen the engine shop at its Springfield, Ill, service center (SPI). It will be operational in the third quarter of 2010. At 225,000 square feet, Springfield is the largest Business Aviation shop and services a significant volume of TFE731-powered aircraft. Initially, the shop will be capable of providing major periodic inspections (MPIs) for

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Boeing to increase production rate on 777 and 747 programs

Boeing will accelerate planned rate increases on both the 777 and 747 programs. The accelerated rate increases will support increasing customer demand in the recovering airplane market. The company will accelerate the 777 program’s rate increase to seven airplanes per month (from five per month) by approximately six months, from early 2012 to mid-2011. The

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Copa Holdings announces pricing of Public Offering of Class A common stock

Copa Holdings, S.A. announced the pricing of 1,600,000 of its Class A non-voting shares by selling shareholder Corporacion de Inversiones Aereas, S.A. or CIASA. The secondary offering of Class A common stock priced at $56.00 per share and is expected to close on March 24, 2010. Copa Holdings will not receive any proceeds from the

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