Greybull Capital LLP to become the majority shareholder in Monarch Aircraft Engineering (MAEL)

October 18, 2018October 18, 2018

©Monarch Aircraft Engineering

Monarch Aircraft Engineering (MAEL), a leading aircraft MRO provider, has agreed the terms of the company’s new ownership structure, with Greybull Capital LLP becoming the majority shareholder. As the restructuring progresses, MAEL’s lenders, PNC, will continue to provide facilities and support, and many of the operator’s key customers are also looking to support the business. In the last year MAEL’s geographical footprint increased with the opening of a new component maintenance facility in Northampton which created more than 100 new jobs, taking the workforce to over 800 staff. MAEL additionally doubled the size of its industry-renowned apprenticeship scheme. MAEL is Read more

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GA Telesis provides innovative inventory operating lease to support LATAM 777-300ER long-term operations

October 19, 2018

GA Telesis has closed a large inventory lease comprised of rotable spare parts for LATAM Airlines in support of its 777-300ER operations that was tailored to provide maximum operational flexibility for the airline. Commencing its first inventory financing in 2008, GA Telesis has emerged as a world-leader in inventory financing of leased assets with over 30 major airline operators on six continents. Inventory leasing has grown in relevance with airlines as new technology aircraft are delivered by the airframe manufacturers. This proprietary leasing program provides operators, MROs, and other aviation asset investors increased flexibility in managing their capital investment and Read more

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Aero Norway sign agreement to provide engine MRO Services for SAS’ fleet of Boeing 737 aircraft

October 19, 2018

Norway-based engine MRO facility Aero Norway AS has signed a rolling GTA with repair agreement with SAS Scandinavian Airlines. This covers scheduled and unscheduled engine removals, maintenance, repair and overhaul for their fleet 67 Boeing 737 600/700/800 aircraft equipped with CFM56-7B engines. Aero Norway has been a CFM approved facility for more than twenty five years, and is multi-release FAA, EASA, TCCA, CAAC, GCAA and DGCA certified which further qualifies its worldwide appeal to operators of CFM engines. The CFM56-5B is the engine choice of the global A320 family due to its high reliability and durability, and the CFM56-7B is Read more

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Embraer delivers 15 Commercial and 24 Executive Jets in 3rd quarter 2018

October 19, 2018

During the third quarter of 2018, Embraer has delivered 15 jets to the commercial aviation market and 24 business jets, being 17 light jets and 7 large jets. On September 30, Embraer’s firm order backlog totaled US%13.6 billion. Regarding the commercial aviation market, Embraer forecasted in its Market Outlook a demand for 10,550 new aircraft with up to 150 seats worldwide over the next 20 years,. The in-service fleet is set to increase to 16,000 aircraft, up from the 9,000 aircraft currently in operation. Market growth will drive 65% of this demand, while the remaining 35% of the projected demand Read more

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Jet Aviation continues to grow global aircraft management and charter fleet

October 19, 2018

Jet Aviation has grown its global aircraft management fleet by 28 aircraft this year, including 15 in the U.S. and 13 in the EMEA and Asia regions. Of the 15 new managed aircraft in the U.S., eight are available for charter and include a Gulfstream G650 ER and a GV; a Falcon 2000 and a Falcon 900; a Bombardier Global 6000 and a Challenger 300; a Cessna Citation X; and a Sikorsky S-76D helicopter. Three of the 13 new aircraft additions to the EMEA & Asia management fleet are based in Europe, eight in the Middle East and Africa, and Read more

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Sine Draco selects Sierra Completions as engineeringdesign supplier for A321-200 SDF passenger-to-frighter

October 19, 2018

Sierra Completions has been select by Sine Draco for engineering design of its A321 passenger-to-freighter converted aircraft (A321-200 SDF). Sine Draco is an aviation development company, with locations in the USA and China. It focuses on developing, managing and executing large-scale aviation projects, including aircraft design, modification, certification and investment management. The A321-200 SDF aircraft design offers an economic solution for customers with an upper deck loading capability of 14 (88×125 or 88×108) unit load devices (ULDs) and 10 LD3-45 ULDs for the lower deck. Sierra Completions serves private sector, VVIP and head-of-state clientele by modifying transport-category aircraft for interior Read more

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Swiss International Air Lines chooses Joramco as maintenance provider

October 18, 2018

Swiss International Air Lines and Joramco have signed a 5-year agreement by which Joramco will perform C-Checks and HMV checks on the SWISS Airbus fleet, A320, A333 and A340. The agreement also includes incorporation of ADs, SBs and structure repairs at Joramco’s Base Maintenance facility in Amman (Jordan). As of today Joramco has performed 35 successful layovers for Swiss International Air Lines. SWISS and the Lufthansa Group are working in very close cooperation with Joramco to introduce new ways of working together. Both parties have just completed a week’s workshop together to streamline their procedures and processes. The goal of Read more

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American Airlines, Los Angeles World Airports break ground on US$1.6 billion reimagining of terminals 4 and 5

October 18, 2018

American Airlines and Los Angeles World Airports (LAWA) officially broke ground on a US$1.6 billion modernization project to fully reimagine Los Angeles International Airport (LAX) Terminals 4 and 5. The project marks American’s largest individual investment at an airport in its 92-year history and reaffirms the airline’s commitment to Los Angeles. In June 2017, American signed a letter of intent with LAWA, which set the framework for the carrier’s record investment. Now, less than 18 months later, construction is officially underway. The project will fully modernize and update the infrastructure of LAX’s two busiest domestic terminals. When completed, the new Read more

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Portugal’s Air Force orders five AW119Kx multirole helicopters

October 18, 2018

Leonardo released that the Portuguese Ministry of Defence (MoD) has selected the AW119Kx as its new multirole single engine helicopter to meet its future operational requirements. The Portuguese Air Force is set to take delivery of five aircraft with an option for a further two units. Deliveries are to start in late 2018 from Leonardo’s plant in Philadelphia (Pennsylvania, USA), with completion of deliveries by early 2020. The contract awarded by the Portuguese MoD is valued in excess of €20 million. The AW119Kx helicopters will be used to perform a wide range of roles including training, MEDEVAC, troop transport and Read more

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OEMServices signs memo of understanding with Meggitt PLC to serve operators in the Middle East, Africa and Russia

October 18, 2018

Meggitt PLC and OEMServices have signed a Memorandum of Understanding (MoU) to provide component after-market services for airlines operating in the Middle East, Africa, Asia and Russia/CIS. OEMServices will provide distribution services for Meggitt in the named regions and a one-stop shop for repair operations utilising dedicated global service centers and a 24/7 AOG hotline, committed to responding to operator needs within the hour. OEMServices’ expertise in serving operators in these markets will ensure that Meggitt OE approved solutions are immediately available, optimizing repair turn around times and minimizing operational interruptions. Adrian Plevin, Meggitt CSS Senior Vice President Sales & Read more

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