Ryanair’s chairman under threat as annual shareholders’ meeting looms

There is a considerable amount of discontent among a number of shareholders in Irish low-cost carrier Ryanair ahead of next Thursday’s annual shareholders’ meeting. In particular, there is concern over how the company is being run, with Royal London Asset Management, RLAM, The Local Authority Pension Fund, plus shareholder advisory firms Glass Lewis and ISS recommending a vote against the current chairman, David Bonderman, at the AGM. “We are also concerned with Ryanair’s corporate governance and poor stakeholder management, which could have an impact on the long-term future of the company,” Ashley Hamilton Claxton, head of responsible investment at RLAM, Read more

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Liebherr LAMC Aviation (Changsha) delivers first C919 landing gear assembled in China

Liebherr LAMC Aviation (Changsha), the joint venture between the Chinese company LAMC (AVIC Landing Gear Advanced Manufacturing Corp.) and German-based Liebherr-Aerospace Lindenberg GmbH delivered the first C919 landing gear system which has been assembled in China to its air framer customer COMAC. The assembly line for the landing gear of the C919 at Liebherr LAMC Aviation (Changsha) Co., Ltd. was built jointly by Liebherr and its partner LAMC based on the assembly facilities and testing equipment of Liebherr-Aerospace Lindenberg GmbH, Lindenberg (Germany), Liebherr’s center of competence for landing gear and flight control systems. Arndt Schoenemann, Chairman of the Board of Read more

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First ATR 42-500 upgrade completed with Universal Avionics SBAS-FMS

Universal Avionics (UA) has announced the first SBAS-Flight Management System (FMS) upgrade for the ATR 42-500 type. The operator, First Air, also performed the engineering design, certification, and installation for their fleet renewal. Six First Air ATR 42-500 aircraft have each received dual UA UNS-1Fw SBAS-FMSs and a Terrain Awareness Warning System (TAWS). First Air’s ATR 42-500 aircraft operate in Northern Canada, where the area relies on air services to support economic development and to connect its remote air-access-only communities with one-another and the world. Weather is often challenging and the ability to fly RNAV (GNSS) LPV LOS approach procedures Read more

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Airbus’ E-Aircraft Systems test house takes shape

Airbus has celebrated the topping out of the E-Aircraft Systems Test House at its Taufkirchen/Ottobrunn site near Munich in Germany. The facility will provide the infrastructure to install hybrid-electric propulsion systems with a total power of up to 2×20 MW for Airbus’ E-Aircraft Systems Programme. The project is on schedule for completion in March 2019. Afterwards, test benches will be installed and first tests could already be conducted in the second half of 2019. The E-Aircraft Systems Test House is a key enabler for Airbus’ strategy on the development of hybrid-electric propulsion systems. Its main objective will be the integration Read more

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Aero Trade expands with Pentagon 2000 Software

Pentagon 2000 Software has worked with Aero Trade, to expand the deployment of software and systems to manage their growing business operations. Customers are supported with 24 hour AOG service, so the use of Pentagon 2000SQL™ allows the team of experienced aircraft parts specialists to keep their focus on quality management and delivering the highest level of customer service. David Chaimovitz, President and Co-Founder at Aero Trade, commented that “operations continue to grow at our North American and European facilities. The Pentagon 2000SQL™ system has scaled up with us and includes the key capabilities for our staff to service our Read more

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Airbus A321 handed over to the German Armed Forces

German Armed Forces takes delivery of converted A321 ©LHT

Lufthansa Technik AG handed over a converted Airbus A321 to the German Armed Forces. In addition to military missions, the aircraft is also used for political/parliamentary purposes. On the customer side BAAINBw was responsible for the procurement and on-schedule and on-budget conversion of the former Lufthansa aircraft named “Neustadt an der Weinstraße”. BAAINBw had awarded the contract with a total volume of around €90 million to Lufthansa Technik following a public tender at the beginning of 2017. In addition to the purchase of the aircraft and its conversion, the contract also included the procurement of spare parts and logistical support Read more

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Aircraft Wheel and Brake Specialist expands due to rapid growth and requirement

Rotable Repairs, one of UK’s leading providers of Wheel and Brake MRO services looks to expand its capacity and offering within the UK due to continued growth and customer requirement. The Aircraft Wheel & Brake Specialist will soon be relocating both the office and workshop environment under one roof within a new and improved 49,000 ft² wheel and brake facility which is scheduled for completion by Winter 2018. The facility, based on Progress Road, Southend-on-Sea has been meticulously planned by utilising the accumulation of experience provided by new and existing staff to ensure a complete and efficient workshop experience which Read more

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AAR to service Air New Zealand’s A320ceo and A320neo fleets

Global aftermarket solutions company AAR will provide full power-by-the-hour (PBH) support of Air New Zealand’s A320 fleet under a long-term agreement. The contract covers a total of 48 aircraft including 30 A320ceos and 18 A320neos. This is the latest example of the deepening relationship between AAR and Air New Zealand, the nation’s flag carrier airline. In 2017, AAR designated Air New Zealand’s component center as its Asia Pacific MRO of choice and the two companies successfully implemented a long-term repair contract. This new agreement also includes reciprocal repair work with Air New Zealand for the Asia-Pacific region.

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Virgo Investment Group partners with ex-CIT Aerospace Executives to expand its aviation business

Virgo Investment Group is expanding its aviation business via Zephyrus Aviation Capital. Several former CIT Aerospace executives have partnered with Virgo to transform Zephyrus into a full-service platform and the Company is completing a large portfolio acquisition. Zephyrus is a fleet management solutions provider to lessors and commercial airlines around the world. The Company is focused on older and end-of-life aircraft and engine leasing & trading. Zephyrus is backed by funds managed by Virgo, who has been investing in aviation since 2010. With offices in Dublin and Fort Lauderdale, Zephyrus has assembled a team of seasoned industry veterans. Tony Diaz, Read more

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