Russia’s Roseximbank has signed an agreement with Ilyushin Finance Co. (IFC), a Russian leasing company, to provide $70 million in export financing for Antonov An-158 aircraft for Cubana de Aviación. The agreement, signed at the MAKS Air Show in Moscow, follows a series of similar deals involving Russian-built airliners for Cuban carriers. “Roseximbank has been c...
From 25 October 2015, SilkAir, the regional wing of Singapore Airlines, will begin four times weekly services to Male. Previously, Singapore Airlines offered a variable frequency of 10 to 14 flights a week to the capital of the Maldives. Now, together with SilkAir’s new services, both airlines will offer a total of two round-trip services a day, subject to regulatory approval. Singapore A...
Meridian has added a second Bombardier Challenger 605 to its growing fleet of private business jets. This large cabin aircraft began service in 2012, seats up to nine passengers and is available for charter. “We are very excited about adding a second Challenger 605 to our charter fleet,” Meridian Vice President of Aviation Sales Mike Moore says. “...
Empire Airlines, Inc. President and CEO Tim Komberec recently announced changes in the executive structure of the company. Scott Marikis was named Vice President and Chief Operating Officer. Scott has been with Empire for eight years as Vice President and Chief Financial Officer. He has over twenty years of senior-level general management and financial experience in various industries...
(Bangor, Maine, USA) C&L, working on behalf of Spint Air, brokered a deal with Kiwi Regional Airlines for the sale of a Saab 340A, MSN 065. This is C&L’s eighth Saab transaction in the last 12 months. As a world leader in the Saab 340 market, C&L is committed to maintaining the aircraft type as an economical option for regional operators around the world. Kiwi w...
Pratt & Whitney delivered the first PurePower® PW1400G-JM engine to the podding facility at Russia’s Irkut Corporation. The PW1400G-JM engine was assembled and tested at the Pratt & Whitney West Palm Beach Engine Center located in Florida before being shipped to Irkutsk, Russia. The PW1400G-JM engine has been optimized for installation on Irkut’s MC-21 aircraft family. Prat...
British Airways today has announced that it will begin service between Mineta San José International Airport and London Heathrow from May 4, 2016. This marks the first regularly scheduled nonstop service to the UK for the city of San José. British Airways will operate the newest aircraft in its fleet, a Boeing 787-9 Dreamliner, featuring the airline’s newly designed First cabin...
Avtrade is pleased to announce that HR Smith Ltd. has appointed Avtrade NPS as Authorized Distributor and Representative for the HR Smith Group of Companies (including Techtest Ltd and HR Smith (Technical Developments). This appointment allows Avtrade NPS authorization to supply and distribute products designed and manufactured by the H.R. Smith Group of Companies. The HR Sm...
In July 2015, Avianca Holdings and its subsidiaries carried 2,564,518 passengers, a 10.8% increase over the same period in 2014 In July, the subsidiary companies of Avianca Holdings S.A. (NYSE: AVH) (BVC: PFAVH) (*) transported 2,564,518 passengers, up 10.8% compared to July 2014. Capacity, measured in ASKs (available seat kilometers), increased 8.5%, while passenger traffic, measured...
Russia’s United Aircraft Corporation (UAC) expects the Russian government will decide later this year on whether to allow the state-backed aerospace group to build a new 50-to-70-seat passenger version of Ilyushin's Il-114. The aerospace company and the government are now discussing options that include restarting production of the Ilyushin Il-114 twin turboprop. During a press c...
Turkish Airlines is to launch flights from Venice Marco Polo Airport to Istanbul Sabiha Gökçen Airport. As well as the already existing 24 weekly flights connecting the Venezia Marco Polo Airport to the Istanbul Atatürk Airport, the airline will inaugurate a new connection to the Sabiha Gökçen Airport, located in the Asian side of the city. The new flight will be op...
July was a record breaking month for passenger figures at Abu Dhabi International Airport, as not only did the total number of passengers travelling through the airport hit the two million mark for the first time ever, but the figure for the departing passengers alone also reached a record, with over a million travellers leaving from Abu Dhabi International Airport. A total of 2,100,929 pas...
Virgin Galactic, owned by Abu Dhabi's Aabar Group and Richard Branon's Virgin Group, has named Nicola Pecile as the world's first commercial spacecraft's new pilot. Pecil joins Virgin Galactic after four years at the National Test Pilot School (NTPS) in Mojave, with 20 years spent in the Italian Air Force prior to this. He served as a fighter pilot and later as an experimental t...
An Iranian official has said that it is unlikely that Iranian airlines will be buying Russian-made passenger aircraft anymore after a turbulent history. As they move away from Russian aircraft it is becoming more likely that Iranian companies would seek Airbus and Boeing products, said Maqsoud Samani Assadi, secretary of Iran’s Airlines Association in an interview with Trend News Age...
Around 300 foreign business people and entrepreneurs have registered for participation. Interestingly, almost 1,000 representatives of the foreign business community applied for participation, but corporate delegations were reduced according to the established quotas. Based on the results of the completed accreditation, the largest foreign delegation is arriving from China - 104 people. We...
XOJET, Inc., a leader in private jet charter services, announced today that it has surpassed projections in the first half of 2015, delivering 51 percent increase in EBITDA and 20 percent increase in retail charter business. In addition, the company added 100 new Preferred Access clients, as well as continued to grow its portfolio of enterprise clients, representing Fortune 500 companie...
Dassault will display a Falcon 7X at the upcoming China International Business Aviation Show show in Beijing. Held at the Civil Aviation Authority of China’s flight inspection unit at Beijing Capital Airport, 2015 will be the forth year that the show has been running that CIBAS has been held. ccording to Asian Sky Group’s 2014 Greater China year end report, there were 26 Falcon 7...
Constant Aviation has completed their 30th 96-month inspection on the Embraer Legacy 600. “The 96-month inspection is one of the two most in-depth inspections on the Legacy 600. It averages approximately 3,300 man-hours and requires specialised tooling, equipment and knowledge of the airframe to complete successfully.” Jim Rady, Embraer program manager said: “The 96-mon...
Spirit Aeronautics has expanded their FAA Approved Capabilities List to include additional service ratings for turbine powered (jet) engines. “Our customers are always looking for ways to minimise downtime and enhance the value of the services they receive from a provider like Spirit Aeronautics.” Tony Bailey, president & COO of Spirit Aeronautics said: “Our custome...
Even the best day since 2011 wasn’t enough to reverse fortunes for European stocks, which resumed declines on Wednesday. Investors have dealt with zigzags this week, as European stocks first slid the most since the financial crisis, before rallying yesterday after China cut interest rates. A late-day announcement that Monsanto Co. abandoned efforts to acquire Syngenta AG sent sh...
European Union rules to shield taxpayers from having to rescue ailing banks should be applied flexibly because of broader economic imperatives highlighted by the latest Greek rescue package, analysts and lawyers say. That flexibility may mean that European taxpayers cannot be given cast-iron guarantees that they will not be called upon again to bail out banks as during the financial crisis....
