Maintenance, repair and overhaul news from around the world
On May 29, CA-CIB closed the commercial debt refinancing of a Boeing 777 Freighter for a KG fund managed by the Munich based asset manager LHI Group. The 10-year-old aircraft is leased to a major cargo and express freight airline”.
AeroCentury today reported a first quarter 2020 net loss of $10.2 million, compared to a net loss of $1.3 million, for the same period 2019. Results for the quarter ended March 31, 2020 included impairment losses totalling $6.7 million, arising from revised estimated...
MRO specialists FL Technics has said its revenue reached €119 million in 2018, up 14% from €103 million experienced in 2017. The firm has also reached net profit of €10.8 million – up from €5.7 million last year. Zilvinas Lapinskas, CEO at FL Technics, said:...
ST Engineering Aerospace has posted S$623 million (approximately $448 million) total revenue for the first three months of 2019 – a 4% rise from the same period last year. Increases in revenue from component and engine overhauls, as well as engineering and materials...
easyJet has chosen the advanced network simulation solution Amadeus SkySYM by Optym to improve the reliability of its flight schedules. This solution is one of the five solutions offered as part of the Amadeus SKY Suite by Optym, after Amadeus and Optym formed a...
Dr. Peters Group is to part out two of its A380 aircraft returned by Singapore Airlines at the end of the ten year lease. The aircraft were financed by DS funds No. 129 and No. 130. Dr Peters maintains that this decision will lead to a “positive result for equity...
Bombardier has closed its previously announced offering of 168,000,000 Class B shares (subordinate voting) at a purchase price of Cdn$3.80 per share (the Offering), for aggregate gross proceeds of Cdn$638.4 million. The Offering was underwritten by a syndicate of...
Roll-Royce Holdings has reported revenue of £16.307bn for the full year 2017, which is an increase of 6% on underlying basis, with civil aerospace service revenues up 12%. Underlying profit before tax up 25% to £1.071bn, with reported profit before tax of £4.897bn –...
Summer 2013 will see talks begin between the EU and the United States on producing a free-trade agreement that would give birth to the largest free trade zone on the planet, significant enough to add 0.5% or €86bn to overall EU GDP and 0.4% or €65bn to the US economy...
ST Aerospace has completed its investment of 35% equity interest in Elbe Flugzeugwerke GmbH (EADS EFW). The investment was completed following the receipt of regulatory approvals and fulfilment of customary conditions precedent. Following this completion, ST Aerospace...
UN aviation body ICAO will recommend creating a cyber security task force at a meeting next week in Canada. A task force is needed due to an increasing reliance on interconnected IT systems with operating systems such as Microsoft Windows and Linux, and protocols such...
UN aviation body ICAO will recommend creating a cyber security task force at a meeting next week in Canada. A task force is needed due to an increasing reliance on interconnected IT systems with operating systems such as Microsoft Windows and Linux, and protocols such...