Baltic States investors, means 70 investors from Estonia, Latvia and Lithuania were subscribed for bonds of Magnetic MRO! As Magnetic MRO carried through a private placement of unsecured bonds and raised EUR 8 million to support the company’s growth plans, including financing a strategic acquisition. The nominal value of one bond is 100 euros, the coupon rate is 8% per annum and paid...
In honor of International Women's Day, the airline is encouraging Americans to nominate an inspiring woman in their lives for the chance to win a free trip WOW air is celebrating International Women's Day by honoring some of the most inspiring women in the U.S. The airline is encouraging Americans across the country to share stories of important women in their lives on Facebook...
Today, the proposed strategic partnership between Boeing and Embraer was approved by Embraer's shareholders during an Extraordinary General Shareholders' Meeting held at the company's headquarters in Brazil. At the special meeting, 96.8 percent of all valid votes cast were in favor of the transaction, with participation of approximately 67 percent of all ou...
The Air Charter Association (BACA) is pleased to note the verdicts of the jury in the case of Robert Murgatroyd, a private pilot who organised the illegal charter of a light aircraft to take three birdwatchers from Manchester City Airport to Barra, on the Outer Hebrides of Scotland. The aircraft was almost 500lbs over the maximum take-off weight and subsequently clipped trees before crashing...
Congratulations -Geneva Airpark has received the IS-BAH* certification! Geneva Airpark has just obtained the IS-BAH label which guarantees quality service and safe ground handling operations for business aviation. The IS-BAH standards, which were developed by IBAC* and NATA*, are based on compliance with good practices and as such enjoy international recognition. Geneva Airpark now figure...
Nearly 400,000 air travelers moved through Southern California's Ontario International Airport (ONT) in January, 5.7% more than the same month a year ago. Cargo tonnage grew by the same percentage. The number of domestic travelers exceeded 369,000 in January, almost 2% more than January last year, while the number of international passengers more than doubled to nearly 27,000 from...
25% more efficient than a first-generation Trent engine, is it possible? The answer will be Rolls-Royce UltraFan®. First tests on a donor engine. Engineers have successfully tested a key component of the UltraFan engine design. UltraFan will redefine the world of jet engines, delivering significant weight, noise and fuel burn reductions. For the first time, all composite eleme...
Airbus Helicopters is getting ready to showcase its products and services line at HAI Heli-Expo. On static display at booth C305, show-goers will have a chance to visit the best-selling H145 and to discover its exciting new features, the H125 in a law enforcement configuration, and also to take a moment to experience the cabin display of the increasingly popular ACH145, equ...
An increase of 48% in aircraft deliveries for 2018 as well as a 38% increase in total aircraft billings was announced by Piper Aicraft. Piper's segment leading growth was distributed across both primary product lines, Trainer and M-Class aircraft. Global Piper trainer demand increased more than 50% YOY. Sales of the robust single engine Archer grew by nearly 50% YOY, while twin-engine...
More than 2 million passengers flew transatlantic on the World’s Best Low-Cost Long-Haul Airline to and from the New York City region The Largest Non-North American Airline to Serve New York City in 2018 was... Norwegian, with 2,004,896 passengers carried in 2018. Edging out all other European carriers and overtaking British Airways, Norwegian became the leading airline in...
Emirates will be showcasing its flagship Airbus A380 for two days at the first ever Saudi International Airshow. The popular double-decker aircraft will be on display on March 12th and 13th at Al Thumamah Airport in Riyadh, giving visitors the opportunity to tour its interior and experience its award-winning products across all classes, including Emirates’ refreshed OnBoard Lounge. The...
According to the annual shipment and billings report published by the General Aviation Manufacturers Association (GAMA), Cessna Citation aircraft were the most-delivered business jets of 2018. Textron Aviation delivered 188 business jets – including 57 Cessna Citation Latitude aircraft – winning the midsize segment for the third consecutive year and outselling its closest com...
