FLY Leasing Limited , a global leader in aircraft leasing, today announced that it has closed a $385 million blind pool aircraft acquisition facility. The facility has a three-year revolving period followed by a three-year term and will bear interest at LIBOR plus 2.00% during the revolving period. The lenders include Commonwealth Bank of Australia New York Branch, MUFG’s bank...
According to the consolidated financial statements reported to Borsa Istanbul, Turkish Airlines reported 1 billion 69 million USD net profit surpassing a billion dolar level for the first time in its history. Profit from main operations stood at 895 million USD with an increase of 32 percent from previous year. Turkish Airlines generated sales revenue of 10 billion 522 million&...
Ben Bridge (44) has been appointed Executive Vice President Global Business while Matthieu Louvot (41) becomes Executive Vice President Customer Support & Services, in a move aimed at consolidating Airbus Helicopters’ leading position while remaining as close as possible to its customers. Both Global Business and Support & Services functions are now sitting at the company’s Exe...
Market demand is the reason Airbus and Boeing have announced plans to raise monthly aircraft deliveries by a combined 42% between now and 2020. Factory automation may be the key reason that aggressive ramp-up is possible. At the centre of that automation ramp-up is a company called Electroimpact, of Mukilteo, Washington. Launched in 1986 with a new design for a handheld, low-voltage electro-mag...
The 2016 edition of the Singapore Airshow was light on aircraft orders, but this allowed the maintenance, repair, and overhaul (MRO) sector sector to steal some of the limelight for a change. The show saw a substantial number of MRO deals by airlines, along with the announcements about new manufacturing facilities, marking a long-running trend in which the Asia-Pacific plays a key role in the a...
easyJet entered into the congested London to Paris market on 26 February, starting a four times weekly A319 operation between London Southend (SEN) and Paris CDG (CDG). The LCC will join London-Paris incumbents offering 184 weekly rotations ‒ Air France (which flies London Heathrow to Paris CDG 46 times weekly), British Airways (Heathrow to CDG 53 times weekly and Paris Orly 27 times weekly) a...
Alia Twal, a first officer who flies for Royal Jordanian Airlines, is a trailblazer in her home country of Jordan. From an early age Twal found her true calling: she knew she would learn to fly and become a pilot. “I was 16 years old when I decided I wanted to be a pilot,” she recalled for Runway Girl Network. “We had a career day in school and I chose to attend...
TAG Aviation today announced the strengthening of its footprint into the Russian market with the appointment of Igor Minakov as TAG’s first ever Russian Service Representative, to be based in Moscow, effective from 1 st March 2016. Mr Minakov brings over thirty years’ charter and operations experience to this pivotal new role and an extensive network of contacts with...
Etihad Cargo has taken delivery of a new Boeing 777 freighter which will enable the freight arm of Etihad Airways to continue its expansion plans into 2016. The aircraft becomes the 11th freighter in the fleet and will enter commercial service on 1st March 2016. Etihad Cargo announced it would take delivery of the two additional aircraft at the Dubai Air Show last year, and they form p...
Last December, Turbomeca celebrated a milestone with one of its best customers, the U.S. Coast Guard. At theUSCG Aviation Logistics Center in Elizabeth City, N.C., the company marked 1 million hours of operation for its Arriel 2C2-CG engine installed on the Coast Guard’s fleet of MH-65 Dolphin helicopters. In 2004, the USCGbegan re-engining its MH-65s...
A helicopter industry ahite paper originally released in June 2015 deals with making it easier to facilitate IFRflight in single-engine Part 27 rotorcraft. The paper was formally forwarded to the FAA for evaluation late last year. The industry has long maintained that the equipment required makes instrument flight uneconomical and impractical under Part 27 rules and that this h...
IndiGo, India’s largest airline by market share, on Monday said airplane manufacturer Airbus SAS has confirmed that beginning with March 2016, it will deliver 24 fuel efficient A320neo aircraft by March 2017, as compared to the original plan to deliver 26 A320neos. In December, InterGlobe Aviation Ltd that runs IndiGo had said that the delivery of the first fuel-efficient Airbus A320neo h...
