ST Aerospace wins $120 million contract to provide with training helicopter

Singapore Technologies Aerospace Ltd (ST Aerospace) announced that it has won a contract to provide training helicopter for the Singapore Ministry of Defence. Under this contract, worth about $120m, ST Aerospace will provide the Republic of Singapore Air Force (RSAF) a fleet of five EC120 Colibri helicopter with full technical and logistic support for the fleet over a period of 20 years. Under the programme, ST Aerospace will own and maintain the helicopter, while pilot training would be performed by the RSAF. Eurocopter Southeast Asia (ESEA), which collaborated with ST Aerospace on this project, will supply the helicopter as well Read more

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SAS Group sells its shareholding in European Aeronautical Group

The SAS Group has signed and closed an agreement to sell its 100% stake in European Aeronautical Group (EAG) to Navtech Inc. based in Waterloo, ON, Canada. The shares are sold at a total price of approximately MSEK 162 for the equity plus an additional amount estimated to MSEK 30 based on future revenues. The capital gain in the SAS Group is approximately MSEK 50 and the positive effect on cash and net debt is approximately the same excluding the additional amount.

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Airbus receives a total of $14 billion of orders during Dubai Airshow

Airbus announced orders and commitments (excluding options) for 157 airliners worth around $14 billion during the Dubai air show. The deals reaffirm Airbus’ leading role in the airliner business and reflect an increasingly strong market recovery. In addition, they had 155 commitments for the new A350 airliner, which is expected to rise to approx. 200 by year end. The sales came from America, Europe and India – as well as the Middle East – highlighting the global success of the modern Airbus aircraft family. The full breakdown of announcements comprises AerCap for 70 A320 Family aircraft, ALAFCO of Kuwait for Read more

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Airbus receives orders for 70 A320s from AerCap

AerCap has signed a letter of intent for the purchase of 70 Airbus A320 Family aircraft. AerCap was formerly known as debis AirFinance, which was recently acquired by Cerberus. In 1999 AerCap (then debis AirFinance) had ordered 31 Airbus A320 Family aircraft. The new deal will take its Airbus portfolio to more than 170 aircraft. The type of engines has yet to be announced.

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