FL Technics starts part out of 7 newly obtained Boeing 737-300

FL Technics has purchased 7 Boeing 737-300 aircraft for tear down into parts and components. The disassembled aircraft components will be used to form and maintain a wider stock of B737 CL spare parts and components as well as to expand FL Technics warehouse portfolio capabilities. FL Technics‘ decision to acquire Boeing 737-300 from the global low cost airline Air Asia was determined not only by the rapidly increasing demand for parts and components of this particular type of aircraft in Central and Eastern Europe as well as the CIS markets, but also by the objective to sustain an extensive Read more

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GippsAERO selects Rolls-Royce M250 engine for new GA-10 aircraft

Rolls-Royce reported a development agreement with GippsAERO, a wholly owned subsidiary of Mahindra Aerospace. Under the agreement, Rolls-Royce will supply M250-B17F/2 turboprop engines for the GA-10, a new 10-passenger fixed-wing plane that will deliver enhanced performance, fuel efficiency and reliability. Rolls-Royce will work with GippsAERO to obtain certification for the GA10, which is currently in the prototype design phase. Certification is due to begin in March 2012 and entry into service scheduled for 2013. GippsAERO predicts that sales could reach 20 aircraft per year, in India, Europe and Asia.

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GE Aviation's H80 engine completes certification testing

GE Aviation has completed all engine certification testing, including design assurance, development, operability and environmental tests, for its new H80 turboprop engines. The development program consisted of more than 25 full or partial engine builds, with testing that included low-cycle fatigue, hot section endurance, operability, component and endurance testing. The H80 engine will be GE’s first engine to be developed and manufactured outside the US and its first engine to receive European Aviation Safety Agency (EASA) certification before the US Federal Aviation Administration’s (FAA) certification. “The H80 engine has performed extremely well in ground certification testing at GE’s Prague facility Read more

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Lufthansa purchases 30 A320neo Family aircraft

Lufthansa has placed a firm order for 30 Airbus A320neo Family aircraft. This contract follows the selection by the Lufthansa Supervisory Board of the A320neo Family in March this year. The order comprises 25 A320neo and five A321neo aircraft. These will be powered by new-generation Pratt & Whitney PW1100G turbofan engines. With this latest order the Lufthansa Group, Airbus’ biggest airline customer, will have purchased a combined total of 443 Airbus aircraft.

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Airbus to acquire Satair A/S

Airbus and Satair A/S, a Danish company listed on the NASDAQ OMX Copenhagen, have entered into an agreement under which Airbus will offer the shareholders of Satair a price of DKK 580 in cash per share – and the warrant holders in Satair a price of DKK 378.661 per warrant. The acquisition will be effected through a public voluntary conditional tender offer, which the Board of Directors of Satair has undertaken to recommend the company’s shareholders to accept. Airbus will make the offer through a wholly owned special purpose entity, Airbus Denmark Holding ApS. Satair is a premier independent distributor Read more

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Vueling makes profit of 3.6 million euros in second quarter of 2011

Vueling reported that it made a net profit of 3.6 million euros in the second quarter of 2011. Despite the sharp increase in the price of fuel (+51% compared with the same period of last year), Vueling managed to make a net profit of 3.6 million euros. EBIT was also positive, totalling 4.2 million euros, an EBIT margin of 2%.

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IAG signs firm order for eight wide-body Airbus A330-300s

IAG has confirmed the firm order of eight of Airbus’ eco-efficient A330 Family aircraft for Iberia’s fleet following the preliminary Memorandum of Understanding signed earlier this year. The A330 will be Iberia’s only twin engine wide body aircraft, and will fit perfectly into its existing Airbus fleet, given the unique commonality between the Airbus’ short haul and long haul family of aircraft. General Electric (GE CF6-80E1) engines have been selected to power the A330.

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Warwickshire & Northamptonshire Air Ambulance signs contract for two AW169 helicopters

Warwickshire & Northamptonshire Air Ambulance (WNAA) has signed a preliminary sale contract for two AW169 helicopters. The aircraft will be delivered in 2015 specially configured for the WNAA’s air ambulance mission requirements. The contract marks the entrance of the AW169 into the UK public service market and represents another success for the all new AW169 model, just a few months after its commercial launch earlier this year.

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Japan Airlines selects Hamilton Sundstrand for 787 maintenance support

Japan Airlines (JAL) has selected Hamilton Sundstrand Corporation to provide a total supply chain maintenance solution for its systems on JAL’s fleet of 35 Boeing 787 aircraft. The maintenance support agreement lasts for 10 years with an option to extend for an additional 10 years.  The value of the agreement and extension option is projected to be worth approximately $350 million. Under the agreement, Hamilton Sundstrand will provide inventory support services, repair services, logistics, and technical cooperation for the electric power system, air management system, nitrogen generation system, emergency power system, and primary and remote power distribution systems of JAL’s 787 Read more

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DVB finances a portfolio of five widebody aircraft for Guggenheim Aviation Partners

DVB Bank reported the successful closing of two separate finance facilities with Guggenheim Aviation Partners (Guggenheim) for two A330-200 aircraft on lease to Jet Airways (India) and three B777-200ER aircraft on lease to American Airlines.   The finance facility for the two A330-200 aircraft on lease to Jet Airways closed in late March. Both aircraft were delivered new to Jet Airways in 2008 and were subject to a sale/leaseback with Guggenheim’s managed fund. The finance facility for three B777-200ER aircraft on lease to American Airlines closed in early June. The aircraft were originally delivered to American from 2000 to 2002 and were also Read more

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