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GE Aviation's turboprop business takes off in 2009

Eighteen months ago, GE Aviation acquired certain assets of Walter Engines, a Czech Republic-based manufacturer of small turboprop engines and high precision machined parts for the aviation industry. Renamed GE Aviation Czech, the business has made great strides. Among the highlights are a new facility and test cells. GE Aviation Czech moved to a 135,000

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ExpressJet announces 2010 fleet allocation

ExpressJet will operate 22 ERJ-145 aircraft under the United Express brand beginning in May 2010. Prior to May 1, 2010, ExpressJet will operate up to 22 aircraft under a short-term arrangement for United to assist with the transition of flying from their previous partner. The arrangement began with three aircraft on December 1, and is

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AA, BA, Qantas, Cathay Pacific and oneworld alliance offer USD $2 billion in enhanced commercial benefits for Japan Airlines

American Airlines, along with fellow oneworld Alliance founding members British Airways, Qantas Airways and Cathay Pacific Airways, outlined USD $2 billion in commercial benefits to Japan Airlines (JAL) over three years. The enhanced oneworld proposal would provide JAL the best path to future success while minimizing risk for the Japanese government and taxpayers and maximizing

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Virgin America cleared for take-off in 2010

The Department of Transportation (DOT) confirmed Virgin America’s financial fitness and U.S. citizenship status. The DOT issued a ruling that the airline and its proposed new ownership structure will remain fully compliant with U.S. ownership laws. U.S. law requires that domestic airlines remain under the control of U.S. citizens, with no more than 25% of

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Wizz Air grew 33% in 2009

Wizz Air released that it carried 7.8 million passengers in 2009 representing 33% growth year over year. In the course of 2009 the Company opened a new base in Prague adding up to a total of eleven bases in Central and Eastern Europe; took delivery of 7 additional brand new aircraft bringing the fleet to

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Hong Kong Aviation completes acquisition of Allco Aviation business and assets

Hong Kong Aviation Company (“HKAC”), a leading investor in the global aviation sector, has successfully completed the acquisition of the Allco Aviation business and assets from the Receiver of the Sydney, Australia based Allco Finance Group. The Allco Finance Group went into Receivership in November 2008. Financial terms of the transaction have not been disclosed.

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GE completes acquisition of BMB Fuel

GE Aviation has completed the acquisition of BMB Fuel Consulting Services, Inc. (BMB Fuel), a privately owned, Ottawa-based supplier of fuel consulting services used primarily to identify and track operational improvements for airlines that reduce fuel consumption. BMB Fuel’s expertise and fuel management software broaden GE’s existing fuel and carbon offerings to aviation customers. Fuel

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