Deutsche Lufthansa AG and International Airlines Group (IAG) have signed a binding agreement for the sale of British Midland Limited (bmi) to IAG. The price is £172.5m (approx. €207m) in cash for bmi. The price is subject to certain reductions. Both parties aim for a closing of the transaction by the end of the first quarter 2012.
AWAS has entered into an agreement with IndiGo, India’s largest low cost airline, to purchase and leaseback four Airbus A320 passenger aircraft that the airline had previously ordered from the manufacturer. These aircraft will be delivered in the first half of 2012. AWAS has mandated KfW IPEX-Bank as arranger and sole lender to finance two
Thales and Safran today signed a Memorandum of Understanding to create an equally-owned joint venture for optronics (electro-optical) systems and equipment. Through this joint venture Thales and Safran will combine their respective areas of expertise in optronics, and expand their offering of products and services to cover emerging needs for new defence systems, including both
Rolls-Royce Trent XWB and Trent 1000 engines will power 12 Airbus A350 XWB and eight Boeing 787 Dreamliner aircraft which are part of THAI’s fleet modernisation programme and will further improve the airline’s operational and environmental performance. THAI President Piyasvasti Amranand said: “Our decision to add theseextremely efficient Trent engines into our fleet demonstrates our
Saab Aircraft Leasing (SAL) announced five transactions of Saab aircraft with a total value of approximately $60m (approximately MSEK 400). The transactions will generate a capital gain of approximately MSEK 100, of which MSEK 40 will be recorded in the fourth quarter of 2011 and MSEK 60 in the first half of 2012. The transactions include
Tanzanian carrier Precision Air Services and ATR announced the signature of a contract for the purchase of four ATR 42-600s and one ATR 72-600 aircraft. The deal is valued at $9m. Delivery of the 50-seat ATR 42-600s will start in late 2012. The ATR 72-600 will be delivered in 2014. With this acquisition, Precision Air Services
Honda Aircraft Company reported that the third FAA design-conforming HondaJet aircraft, referred to as “F2,” has been conducting extensive flight testing since its first flight on Nov. 18, 2011. This milestone marks important progress toward the HondaJet’s certification. The F2 aircraft’s first flight test began with engine startup at 2:04pm Eastern Time and lift-off at
Precision Conversions has re-delivered the third full-15 cargo position 757-200PCF freighter to Cargo Aircraft Management (CAM), a wholly owned leasing subsidiary of Air Transport Services Group. Previously operated by United Airlines as a passenger aircraft, the 1991 year, Pratt & Whitney powered 757-200PCF (MSN 25042) augments the current 757-200PCF fleet owned by CAM and will be leased
Etihad Airways has selected the GEnx-1B engine to power 10 additional Boeing 787 Dreamliner aircraft and signed a 15-year OnPoint solution agreement for the maintenance, repair and overhaul on these GEnx engines. Etihad also ordered two GE90-powered Boeing 777 Freighter aircraft. The list price for the GEnx and GE90 engines and OnPoint solution agreement are
Pratt & Whitney recently received a contract to produce the first four F117-PW-100 engines that will power the Boeing C-17 Globemaster III for the Indian Air Force. The engines will be delivered in second quarter of 2012. Earlier this year, India ‘s Ministry of Defence signed a Letter of Offer and Acceptance with the U.S.
