FL Technics signs agreement with Russian carrier Donavia for full Engine Maintenance support

FL Technics, integrated aircraft Maintenance and Repair Organisation, signed an exclusive full-scope engine service provision agreement with the Russian carrier Donavia. The agreement, worth $11 million over the period of 12 months, covers full management of six CFM56-3 engines, including maintenance facility selection, shop supervision during engine maintenance, handling of spare parts supply, engine lease and legal support services. Donavia, the largest carrier in Southern Russia, has been a long-standing strategic partner of FL Technics. The co-operation between two companies started in mid 2007, with the scope of services expanding each year.

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Air Lease Corporation signs lease agreements for 25 additional aircraft

Air Lease Corporation (ALC) has signed lease agreements for 25 additional aircraft. TRIP Linhas Aereas (Brazil) and ALC have entered into long term lease agreements for six new ATR 72-600s and six new Embraer 190LRs, delivering between July 2011 and October 2012. Bulgaria Air is leasing four new Embraer 190s from ALC, deliveries are set for March, April, June, and November 2012. ALC is leasing an additional new Airbus A330-300 to Asiana Airlines (Korea), for delivery in September 2012.  Garuda Indonesia Airlines signed a 12 year lease agreement with ALC for a new Airbus A330-200. Furthermore ALC delivered a Boeing 737-800 (MSN 32919) on a long term Read more

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TAAG Angola Airlines purchases one Boeing 777-300ER aircraft

The national flag carrier of Angola, TAAG Angola Airlines (Linhas Aereas de Angola) is purchasing one Boeing 777-300ER aircraft with GE90 engines assisted by an approximately $256 million long-term loan guarantee from the Export-Import Bank of the United States (Ex-Im Bank). The aircraft will be used to expand TAAG’s intercontinental service provided through its all-Boeing fleet. The guaranteed lender is the Private Export Funding Corporation (PEFCO) in New York, N.Y. HSBC Bank PLC in London, U.K., is the arranger.

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Qatar Airways acquires 35% stake in Cargolux

Qatar Airways has entered into a strategic equity and commercial partnership with Cargolux to acquire a 35% stake in one of Europe’s leading cargo airline. The agreement was signed in Luxembourg by Qatar Airways Chief Executive Officer Akbar Al Baker and Cargolux President and CEO Frank Reimen. The accord will give Qatar Airways a greater foothold in the growing freight business offering synergies with the cargo operator which has a global reach from its Luxembourg hub.

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AerCap announces amendment to revolving debt facility

AerCap Holdings N.V. has completed an amendment to its revolving debt facility.  The $775 million non-recourse facility, arranged by UBS Securities LLC, was originally put in place during April 2006 and has now been amended to allow for an additional two year revolving period with a three year term-out period, extending the transaction to June 2016. The facility continues to allow for the acquisition of a range of aircraft types, and provides AerCap committed financing and significant flexibility to purchase aircraft. In addition to UBS, this transaction includes several new and significant lenders for AerCap – Credit Suisse AG, Citibank N.A., Read more

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Boeing opens new South Carolina 787 Final Assembly building

Elected officials and representatives from numerous community and business groups, suppliers and subcontractors joined more than 1,000 Boeing employees at its North Charleston, S.C., facility for a ribbon-cutting ceremony to mark the opening of the new 787 Dreamliner Final Assembly building. The new Final Assembly building features 642,720 square feet (59,711 m2) of covered space, roughly the equivalent of 10.5 football fields. More than 18,000 tons (16,329 mt) of steel and one million cubic feet (28,316.8 m3) of concrete were used in its construction. At full production rate, the South Carolina Final Assembly facility will produce three 787 Dreamliners per month. Final assembly Read more

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Ameco Beijing signs LDG overhaul contract with Asiana Airlines

Ameco Beijing and Asiana Airlines recently signed a 5-year contract on Boeing 737CL’s landing gear overhaul. It’s the second landing gear overhaul customer from South Korea after Ameco’s contract with Eastar Jet this year. Ameco Beijing started cooperation with Asiana Airlines in 1991. It already performed painting, overhaul and modification on over 30 aircraft of the airline. Asiana Airlines, the second biggest airline in South Korea, operates 70 aircraft covering Boeing and Airbus types.

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Final assembly of first Malaysia Airlines A380 starts

On June 7th, the first A380 for Malaysia Airlines (MAS) entered the Airbus Final Assembly Line in Toulouse for the final production phase. The final assembly process of an A380 is made up of five main phases. At the first station, front, central, and aft fuselages, wings, Horizontal and Vertical Tail Plane (HTP and VTP) are assembled. The aircraft is then moved to the second station where general tests on electric/hydraulic systems, mobile parts and landing gears are carried out while engines are also installed. During the third phase, final ground and first engines tests take place in dedicated facilities Read more

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Embraer wins Super Tucano deal from Indonesian Air Force

Embraer’s sale of eight Super Tucano light attack and advanced training turboprops to the Indonesian Air Force is now in effect. The Company won a bidding competition held by the Indonesian Ministry of Defense, in November 2010. Since then, several administrative phases have been completed, culminating in the finished contract, which includes ground support stations and an integrated logistics package. Deliveries begin in 2012.

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Icelandair extends repair relationship with Bombardier Aerospace

Bombardier Aerospace has signed a new repair agreement with Icelandair, based in Reykjavik, Iceland. The seven-year contract means that Bombardier will undertake all repair work on engine nose cowls for Icelandair’s fleet of Boeing 757 aircraft. Bombardier has more than 15 years of experience in repairing RB211 535E4 engine nose cowls, and this new agreement extends a well-established and successful collaboration with Icelandair. Bombardier previously had a five-year repair contract with the airline.

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