BaySys Technologies awarded FAA supplemental type certificate

BaySys recently received issuance of STC ST02506NY for multiple interior modifications on the Boeing 737-300 Aircraft. The airline-to-VIP interior modification project encompassed installation of VIP conference and seating areas, including cabinetry, tables, divans and four-place VIP seating, in-seat power installation, multiple in-flight entertainment and cabin management upgrades, heavy maintenance check, and exterior paint completion. The aircraft was successfully redelivered to the US based client in early February 2008.

Email Post to a Friend Email Post to a Friend

AAR receives $28 million order for container roll in/out platforms

AAR CORP. has received an order to provide containerized roll-in/out platforms (CROP) for the U.S. Army, valued at $28 million. The specialized equipment, which is used primarily to transport ammunition, will be manufactured by AAR SUMMA Technology in Cullman, Alabama through June 2009. The order was placed as part of a five-year Indefinite Delivery/Indefinite Quantity (IDIQ) contract that was established in 2005.

Email Post to a Friend Email Post to a Friend

Genesis Lease reports fourth quarter and year end 2007 results

Genesis Lease Limited announced its financial results for the fourth quarter and year ended December 31, 2007. For the quarter ended December 31, 2007, rental revenues were $54.9 million, compared to $41.6 million for the same period in 2006, an increase of 31.8%. Net income was $6.4 million, compared to $7.0 million for the same period last year, a decrease of 9.2%. Net income for the quarter includes a charge of $2.9 million ($3.3 million before tax) relating to a proposed transaction that is unlikely to proceed. Excluding this charge, net income increased by 32.2% quarter over quarter. Results for Read more

Email Post to a Friend Email Post to a Friend

Virgin Blue orders four Embraer 190 jets

Embraer and Australia’s Virgin Blue Airlines have signed a contract to exercise four purchase rights for EMBRAER 190 jets and to convert another three into options for the same model. The total value of this new deal, at list price, is $150 million, and could reach $262.5 million, if all options are confirmed. This transaction is already included in Embraer’s fourth quarter firm order backlog as “undisclosed”.

Email Post to a Friend Email Post to a Friend

Grupo Marsans exercises options for PW4000 engines

Grupo Marsans, the largest tourism and transport group in Spain, has exercised options to purchase Pratt & Whitney PW4000-100″ engines to power five new Airbus A330 aircraft. The engine and maintenance agreement is valued at more than $285 million. The order follows Grupo Marsans’ purchase of 12 firm PW4000-powered A330 jets at the 2007 Paris Air Show. The PW4000 engines are covered by an exclusive service agreement provided by Pratt & Whitney Global Service Partners. The A330s will be operated by Grupo Marsans’ Air Comet and Aerolineas Argentinas airlines with new aircraft deliveries beginning in 2010.

Email Post to a Friend Email Post to a Friend

Jetscape signs for ten Embraer 190 jets

Embraer and the U.S. aircraft leasing company Jetscape signed an agreement for the acquisition of ten EMBRAER 190 jets, with options for an additional ten aircraft and another ten purchase rights for the same model. The total value of the agreement is $375 million, at list price, and could come to $1.125 billion, if all options and purchase rights are confirmed. Deliveries are scheduled to start in 2009.

Email Post to a Friend Email Post to a Friend

Revima APU repair activity increases in 2007

Revima APU, a joint venture company between Hamilton Sundstrand and EADS Sogerma, shipped a total of 696 Auxiliary Power Unit repairs in 2007, up from 516 in 2006. Revima APU also received three international certifications to repair a wide variety of Auxiliary Power Units (APUs), employed on the world’s most- flown aircraft, including European (EASA) and Singaporian (CAAS) certifications for the PW980 APU, making Revima APU the only repair shop capable of repairing the Airbus A380 APU. It also received certifications from the Civil Aviation Administration of China (CAAC) for repairs on a wide range of Hamilton Sundstrand and Honeywell Read more

Email Post to a Friend Email Post to a Friend

Hamilton Sundstrand signs spare parts agreement with Evergreen

Hamilton Sundstrand has signed an exclusive spare parts purchase agreement with Evergreen Aviation Technologies Corp., which will include all Hamilton Sundstrand detail spare part purchases in support of Evergreen’s component repair shops. Evergreen Aviation Technologies Corp. is a joint venture engineering and maintenance provider between EVA Airways and General Electric Co. Evergreen Aviation Technologies Corp. has expanded its airline customer portfolio by offering maintenance services with the aim of providing the finest maintenance solutions in the industry.

Email Post to a Friend Email Post to a Friend