Doric Asset Finance reportec the addition of a 10th Airbus A380 aircraft to its aircraft portfolio under management. Doric Nimrod Air Two Limited (“DNA2”) took delivery of MSN 077 at the Airbus delivery centre in Hamburg. The aircraft is leased to Emirates for a period of 12 years. The Airbus A380 was purchased for US$ 234
Airbus has delivered the first A380 to China Southern Airlines. During a celebration ceremony at the Airbus Delivery Centre in Toulouse, France, the first out of five aircraft ordered was handed over from Airbus President and CEO, Tom Enders to China Southern Airlines Chairman, Si Xianmin. China Southern Airlines becomes the first operator of the A380
Pratt & Whitney Canada’s PW306D engine has been selected by Cessna Aircraft Company to power its new Citation Latitude mid-size business jet. The announcement was made at the National Business Aviation Association (NBAA) annual meeting and convention in Las Vegas, Nevada. First flight of the Citation Latitude prototype is planned to be mid-year 2014, with FAA certification (Part 25)
Boeing completed the final assembly of United Airlines’ first 787 Dreamliner Wednesday, October 12th, the first major step in the aircraft’s production. United will be the first North American carrier to take a 787 delivery, with plans to introduce the first of 50 Dreamliners into revenue service in 2012. While in final assembly, the aircraft moved through
ST Aerospace is awarded a contract to support Japanese low fare airline Solaseed Air’s CFM56-7B and CFM56-7BE engines, powering its entire fleet of 13 Next- Generation Boeing 737 aircraft over five years. The services provided to Solaseed Air will involve off-wing engine maintenance support, technical support and short term leasing of the CFM56-7B engines.
Rolls-Royce and Pratt & Whitney announced an agreement to form a new partnership to power future mid-size aircraft (120 – 230 passenger aircraft). The two companies will establish a joint venture company, in which each will hold an equal share, to develop new engines for the next generation of aircraft that will replace the existing
British Prime Minister David Cameron officially opened Airbus’ new £400 million wing factory in Wales on October 13th, a state-of-the-art manufacturing facility which will assemble the wings for Airbus’ advanced new A350 XWB long-range aircraft family. The Prime Minister joined hundreds of guests and Airbus employees to unveil the giant, environmentally friendly Airbus North Factory
MTU Aero Engines intends to increase its share in the International Aero Engines (IAE) consortium. This move is expected to follow an agreement between Pratt & Whitney and Rolls-Royce on the restructuring of the IAE consortium, which markets the highly successful V2500 engines for Airbus A320 family aircraft. Rolls-Royce will sell its stake in IAE
Cargolux reported that the delivery of the first two Boeing 747-8 Freighters initially scheduled for 19 and 21 September is proceeding on 12 and 13 October 2011, following the resolution of contractual issues between Boeing, GE and Cargolux related to the performance of the aircraft and the engines. Launch customer Cargolux has 13 Boeing 747-8
Stony Point Group, a private equity and management firm focusing on middle market companies in the aerospace, defense and industrial sectors, reported the acquisition of the assets Broadwing Air Repair, (BAR). Financial terms of the transaction, which closed October 7, were not disclosed. Located in Melbourne, Ark., BAR is an FAA Part 145 Repair Station that provides
