Exchange Income Corporation (TSX:EIF) (the “Corporation”) announced today that it has entered into an agreement to sell, on a bought deal basis, 3,019,000 common shares (the “Shares”) from treasury to a syndicate of underwriters co-led by National Bank Financial Inc. and Laurentian Bank Securities Inc. and including CIBC World Markets Inc., TD Securities Inc., Sco...
AgustaWestland received Russia's type certificate for AW189.At the moment the offshore version is certified, other modifications, including rescue version and version with anti-icing system will get certification next. Russian customers will get first delivered helicopters by the end of this year ( The client is RN-Aircraft, a subsidiary of Rosneft). According to the contract, RN-Air...
Sales reach USD 928 million • Gross profit of USD 125 million • Operating income of USD 11 million • Net income totaling USD 20 million • Order backlog at USD 8.6 billion, representing about 2.2 years of operation • The Company’s cash balances total approximately USD 1.23 billion August 27th, 2...
The United Arab Emirates spent a staggering $7.8 billion to build an opulent, 11-story air terminal at Dubai International Airport for the sole benefit of its airline, Emirates, according to documents the airline filed with the U.S. government that confirmed one of the most excessive and unapologetic violations of Open Skies policy to date. In papers recently submitted to the Obama administrati...
Transaero Airlines’ cargo traffic started to recover in July after the earlier decline amid the economic headwinds. In July 2015, Transaero delivered 5,742.2 tonnes of cargo, a 3% increase over July of 2014. Revenue cargo tonne kilometres grew to 31,837,600 tkm, 1% up on July 2014. Transaero carried most of the cargo on domestic routes. The airline primarily ensures air cargo delive...
ZHUKOVSKY, August 27. /TASS/. The total value of contracts for Sukhoi Superjet 100 [SSJ] aircraft signed at MAKS-2015 airshow is over $1 billion, Russian Deputy Minister of Industry Andrey Boginsky said on Thursday. "I know the contract for supply of 20 aircraft to Yamal air carrier is about $700 mln worth and signed contracts for Superjet amount to over one billion dollars," B...
CEPA EXPO is the annual forum that focuses specifically on issues of aviation operations, growth and business development in Central and Eastern Europe. The first CEPA EXPO was held in 2010. Since then it has become an annual tradition and one of the most important events of its kind in Central and Eastern Europe. Every year the convention welcomes more and more speakers, sponsors, partners and...
Northrop Grumman Corporation has awarded a second Australian supplier contract to Mincham Aviation for the U.S. Navy's MQ-4C Triton unmanned aircraft system (UAS) initial production lot. South Australia-based Mincham Aviation will manufacture aircraft structure components for the first low-rate production lot of four Triton air vehicles. This second supplier contract follows one awarded in...
European planemaker Airbus is delaying the delivery of Russian carrier Transaero Airline's first A380 superjumbo, an Airbus spokeswoman said as the recession-hit Russian economy dents travel demand in the region. Transaero is buying four A380s, initially slated for delivery from this year. A new schedule is under discussion as lower oil prices and sanctions over Russia’s ann...
Bell Helicopter, a Textron Inc. company, hosted the Secretary of the Air Force, the Honorable Deborah Lee James at the company’s global headquarters during her visit to Fort Worth. "Our partnerships with industry are as critical today as they've ever been," said Secretary of the Air Force Deborah Lee James. "Getting to see firsthand the capabilities and advancemen...
ABS Jets, a Prague based aircraft operator and maintenance provider, has achieved IS-BAO stage II certification. To gain the new certification level, ABS Jets had to demonstrate the compliance monitoring and SMS processes implemented by the company were in accordance with IS-BAO standards. “This is a great achievement for ABS Jets and further underlines our commitment to the very highe...
The leader in the flight support services for business aviation has made placement in the new B2B platform Aviapages.com. From this very moment the business aviation industry members can plan their flights and choose the flight support services just in a few clicks. Furthermore, all the information about locations where Aerotrans provides its services is available in the directory “Airpor...
New entrant low-cost carriers (LCCs) to India, including SIA-backed Vistara and AirAsia India, are facing potential schedule disruptions at Indira Gandhi International Airport (IGIA) in Delhi. Both airlines have been flagged as having likely takeoff and landing limitations imposed during low-visibility days at the Delhi hub this winter. Delhi—frequently a victim of severe smogs&...
The Vietnamese government has dropped all plans to confirm options on the four Airbus A380s it signed up for in 2009. Vietnamese flag carrier Vietnam Airlines cited "increased pressure of arranging capital for aircraft purchases" as a key factor, along with the slow progress on the planned Long Thanh International Airport at Ho Chi Minh City —the only Vietnamese airpor...
Development of Il-114 passenger aircraft will cost United Aircraft Corporation (UAC) 19 billion rubles, but there is a demand for the airliner, UAC President Yuri Slusar said. “Air carriers and the Ministry of Defense need Il-114 aircraft, UAC President Y.Slusar said at MAKS-2015 international airshow. – UAC is confident that this aircraft must be developed. Speaking of costs, works...
Boeing and VSMPO-Avisma announced signing of an agreement for delivery of titan formed parts for a new composite wing of 777X aircraft at MAKS-2015. Production of the latest aircraft, which should become the world’s largest and most fuel-efficient twin-engine liner, will be started in 2017. «This agreement strengthens relations between Boeing and VSMPO established in 1997 in order t...
Production of the first Il-112V military-transport aircraft was started by VoronezhAircraft Manufacturing Company (VASO), Ilyushin Company CEO, Nikolai Talikov, said. “The work is on schedule. VASO has already started production of the first Il-112V prototype. The production will be completed in 2016. The aircraft’s maiden flight is scheduled for June 2017,” Talikov said at MA...
Irkut Corporation (part of United Aircraft Corporation) demonstrates Yak-130 operational trainer fitted with laser rangefinder at the static display of MAKS-2015 international airshow for the first time ever. The rangefinder is intended for visual identification of ground and surface targets by the crew, and measurement of slant distance to them, the corporation reported. “Yak-130 (tail n...
RN-Aircraft (part of Rosneft Group) and Viking Air Limited (Canada) signed a contract for delivery of 10 aircraft, TASS reports with reference to a press release of the Russian Company. “One of Rosneft’s top-priority objectives is to ensure efficient and reliable provision of aviation services in hard-to-reach regions on behalf of the company. DHC-6 Series 400 Twin Otter multi-role...
Saudi Airlines Cargo Co. will start operating freighter flights to John F. Kennedy International Airport starting on September 4 in response to the size of the growing demand for shipping operations. The scheduled weekly freighter flight will run from Jeddah to New York City. Acting VP Commercial, Rainer Mueller, stressed that “this step will enhance the activity of air cargo operations t...
Norwegian has signed an agreement to acquire an additional two new Boeing 787-9 Dreamliners, enabling the company to launch even more long-haul routes. Both aircraft are scheduled to enter service in summer 2017. The 787-9 is larger than the eight 787-8s that Norwegian currently operates on its long-haul routes. With this new agreement, the long-haul fleet will consist of 19 Dreamliners by 2018....
