Chinese construction equipment maker Sunward Intelligent Equipment Co said it has bought Canadian aviation services provider Avmax Group, which has assets of up to $312 million, amid a sustained downturn in the construction machinery market. Sunward closed the deal with Avmax's biggest shareholder in mid-September, but the pricing has yet to be finalised based on Avmax's future performance...
Airbus Group SA is likely to increase aircraft output at its Mobile, Alabama, factory beyond its current four-a-month target, the mayor of the Southern U.S. city said on Tuesday. Airbus has said it could produce up to eight single-aisle jetliners a month at the plant, which opened last month, an increase that would help Airbus work through its large backlog of orders, Mayor Sandy Stimpson...
Qatar Airways has chosen Adelaide as its fourth Australian destination, with daily flights to begin in May with Airbus A350-900s. The Doha-based carrier, which currently flies daily to Perth and Melbourne and will add Sydney to its network from March 2016, is the first airline to announce A350 services to Australia. The daily flights will operate as an evening departure from Doha, arriv...
One of the largest French tour operators, FRAM group, announced Tuesday that it received a "firm offer for the acquisition of its shares" made by the Chinese group HNA and its French partner Selectour Afat. This is another big case of investment by Chinese business in France in the tourism sector, following the acquisition of Club Med by Fosun, and Louvre Hotels by Jin Jiang. FRAM...
AVIC Aircraft Company Limited expects to suffer a loss of up to 61.67 million yuan in the third quarter, compared with the net profit of 123.34 million yuan in the same period last year, the Chinese aircraft manufacturer said on Tuesday night in its third-quarter earnings forecast. Net loss for the nine months ended September 30 will be 116-140 million yuan, compared with the net profit of...
China's Spring Airlines is deepening its footprint over Thailand-China skies with the introduction of additionalroutes to tap soaring traffic between the two countries. The fledgling Shanghai-based no-frills carrier is set to commence its eighth route to Thailand, from Changchun, capital of Jilin province, to Bangkok, on Nov. 3. It also plans to serve the two northeastern provi...
A chronic shortage of controllers has reached a crisis that will lead to widespread flight delays if left unchecked, officials for the union that represents air traffic controllers said Tuesday. The Federal Aviation Administration has failed to meet its hiring goals for controllers for five consecutive years, leaving the number of air traffic controllers at its lowest level in 27 years at a tim...
The union representing Frontier Airlines flight attendants is crying foul over attendance policy changes that it says penalizes employees -- and threatens their jobs -- for calling in sick. "Changes to the dependability program should be addressed at the negotiating table, not simply imposed upon the workers it impacts," Association of Flight Attendants-CWA national spo...
Gulf Air, Bahrain's national airline, will place an order for between 40 and 50 aircraft in the next six months, Chief Financial Officer, Sahar Ataei, told Gulf News in Dubai on Tuesday. "We have finalised some aircraft deals and are still looking to finalise some others within the coming six months," Ataei said on the sidelines of the Middle East & Africa Airfinance Conf...
Aircraft lessor Avolon committed to leasing five Boeing 787-9 Dreamliners to Chinese carrier, Hainan Airlines, in a US$1.3 billion deal, during the third quarter of the year. The Dublin-based company recently agreed a sale to Chinese operator Bohai Leasing for US$31 a-share, valuing the business at US$7.6 billion. In an update on Tuesday, Avolon said that it has delivered eight craft worth U...
Dassault Aviation will break ground on Friday for a new heavy-maintenance, repair and overhaul facility in Mérignac, France. This will be an addition to Dassault Falcon Service’s three dedicated heavy MRO facilities in Paris Le Bourget; Little Rock, Ark.; and Wilmington, Del. “The Mérignac shop will complement these,” the company said. The new 7,20...
Bombardier named pilot and safety advisor Matt Barre the winner of the 2015 Eugene Cernan Safety Award. Bombardier recognized Captain Barre for “his dedication to aviation safety while on active duty in the Coast Guard and as a member of Aflac's corporate flight department.” Nominated for the award by his peers, he was also credited for his involvement in developing safety programs...
Business aviation flight activity last month in North America climbed by 3 percent versus a year ago, according to data released today by aviation services group Argus International. This more than quadrupled the company’s forecast for 0.7-percent growth, prompting its data researchers to dub it the “September surge.” Argus is predicting a 2.7-percent increase in flying this mont...
Avolon , the international aircraft leasing company, today issues an update for the third quarter of 2015 (‘Q3’). Avolon delivered eight aircraft in Q3 valued at $346 million and sold seven aircraft during Q3. Avolon’s total owned, managed and committed fleet at September 30, 2015 was 258 aircraft, an increase of 14% year-on-year. 2015 Q3 Highlights Business Activity &Os...
Lufthansa Technik is offering an advanced version of its Cyclean® engine wash system. Based on the large success of the first Cyclean® version Lufthansa Technik’s product engineering has further optimized the system. The temperature range has been significantly extended in which Cyclean® can be used. The advanced system is operational up to -10 degrees Ce...
Aerostar S.A., the leading Romanian aerospace company announced today at the MRO Europe exhibition that it will achieve a record number of heavy maintenance visits in 2015. So far this year the company has completed 48 heavy checks on, predominantly Boeing 737 (Classic and Next Generation) and Airbus A320 families, and has contracted for a further 17 aircraft to bring the total for th...
On October 25 UTair will transition to the Autumn-Winter flight schedule. During the autumn-winter period UTair plans to perform flights on more than 100 routes, including international routes connecting Russia with Azerbaijan, Armenia, Lithuania, Tajikistan, Uzbekistan and Ukraine. In addition, during the autumn-winter period UTair will launch a completely new flight from Moscow to Grozny. UTa...
Alitalia today unveiled a series of customer service enhancements that will improve the travel experience for air passengers. The national airline of Italy also confirmed that its three years business plan was on track to be profitable by 2017. The Chairman of Alitalia, Luca Cordero di Montezemolo, and Vice Chairman of Alitalia and President and Chief Executive Officer of Etihad Airways, James...
Monarch Aircraft Engineering Ltd (MAEL), the engineering division of Monarch has recently completed a number of back to back heavy maintenance checks for a major German cargo airline. MAEL’s highly experienced engineering team carried out scheduled heavy maintenance including various modifications, repairs and out of phase tasks on a total of three aircraft for the German cargo airlines A...
Societe Generale Corporate & Investment Banking (SG CIB) announces the appointment of Frederic Surdon as Head of Asset Finance effective immediately. This new department includes Export Finance, the Aviation, Real Estate and Shipping Finance teams as well as the Structured Solutions and Leasing teams. Based in Paris, Frederic Surdon reports to Pierre Palmieri, Head of the Global Financ...
STTS, (a Finaero company) leading expert in aircraft painting & sealing announces the launch of three purposely built paint hangars at its Toulouse Blagnac sites. In order to respond to growing market demand, STTS is investing in a 60 million euros project that will accommodate three further painting bays, more specifically: Two 10.000m2 hangars accommodating wide body aircraft...
