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BAE Systems to sell regional aircraft fleet and asset management business

BAE Systems announced an agreement to sell its commercial aircraft lease portfolio and Asset Management business to investment affiliates of certain funds managed by Fortress Investment Group LLC. The sale, which is expected to close in the third quarter of 2011, is for a cash consideration of $187 million, subject to certain post-completion adjustments. Completion […]

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AVISA sign landmark contract with Australian Civil Aviation Safety Authority

AVISA, a global aviation and airworthiness safety specialist, has signed a landmark contract with the Civil Aviation Safety Authority (CASA) of Australia to deliver a package of training materials. The five month project will see AVISA playing an important role in assisting CASA with the implementation of new Parts 42, 66, 145 and 147 in

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BAE Systems to develop new Latin American commercial aircraft support strategy

Building on the growing success of its regional airliner products in Latin America, BAE Systems is to develop a more regionalised Latin American strategy to support the increasing numbers of its aircraft now in operation across the Continent. As recently as 2005 the number of BAE Systems-built regional aircraft operating in Latin America was limited

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Delta, US Airways announce new agreement to transfer flying rights

Delta Air Lines and US Airways announced a new agreement to transfer takeoff and landing rights at New York’s LaGuardia and Washington D.C.’s Reagan National airports. The agreement, filed on May 23rd with the Federal Aviation Administration (FAA), revises a 2009 transaction agreed between Delta and US Airways and approved by the DOT, but under

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