Singapore Technologies Engineering (ST Aerospace) said it secured contracts worth S$415m ($285m) in the fourth quarter of 2015, rising from S$310m ($216m) in Q4 2014. In its quarterly report released today (January 19), ST Aerospace said some of the contracts included line and heavy maintenance agreements for customers supporting Airbus, Boeing and McDonnell Douglas aircraft types, as well as c...
Stonebriar Commercial Finance (SCF) has provided a $9.8m, 60 month term loan refinancing for a 15 year old Bombardier Global Express business jet. The borrower is a leading aviation company that provides a wide array of turnkey aviation solutions to an extensive and diverse client base of corporations, governments, and individuals throughout the world. Michael Amalfitano, EVP, senior managin...
Hold it! If you are about to looking at new private jets with the intention to buy, it may be worth waiting for one of the newest models coming on to the market in the next few years. Despite a tough market, aircraft manufacturers have invested in new private jets and have upgraded existing ones to give prospective buyers plenty of options. Corporate Jet Investor has rounded-up of list of new p...
The UK is exploring options for its transport rotorcraft, including in-flight refuelling, as it looks to extend the operational range of its fleet in line with commitments in a recent defence review. Released in November, the Strategic Defence and Security Review (SDSR) promised the UK would "upgrade helicopters and transport aircraft so we can deploy further, faster and independently, to...
Bell Helicopter will, in 2017, fly a V-22 tiltrotor equipped with new prop rotor blades designed to reduce manufacturing costs on the type. The modification is the latest in a series of trials under the manufacturer's Advanced Technology Tiltrotor (ATTR) effort; a risk-reduction exercise for the Osprey's US Marine Corps and US Air Force customers. "It is a fairly substantial cha...
Melbourne Airport has increased its share of all Australia-Asia passenger traffic from 15 per cent in 2000 to 25 per cent in 2013, while Sydney Airport’s share fell from 45 to 35 per cent over the same period, according to a research paper published in the University of Melbourne’s Journal of Transport Geography. ‘The fortunes of air transport gateways’ researc...
“On your next flight, why not pass the time as you learn a new skill whilst flying above the clouds?” Virgin Australia asks as it launches its latest inflight entertainment innovation: short hour-long modules on a variety of subjects delivered via its wireless streaming inflight entertainment system. “Are you interested in learning a new skill, but just don’t seem to fin...
Gerald Tobias, the former president and CEO of Sikorsky Aircraft who helped develop the Black Hawk military helicopter and launched the S-76 executive helicopter, died on November 14 in Huntington Beach, Calif. He was 89. Born July 6, 1926, Tobias served in the U.S. Marines from 1943 to 1944 and trained on the Boeing Stearman. Following his service, Tobias remained invo...
JetNet iQ is still predicting that 744 new business jets will be delivered this year—up from its estimate of 710 last year—but the business aviation data firm is adjusting its 10-year outlook to “reflect recent industry and market developments, especially in the large cabin market.” Thus, it now expects lower delivery volumes and a higher share of aircraft to be delivered t...
British Airways owner IAG is holding talks on leasing additional A380s second hand because it believes the options it has to buy more of the Airbus superjumbo are too expensive, its chief executive said on Monday. The move is part of a strategy of increasing the proportion of leased aircraft International Airlines Group (IAG) has within its fleet, Willie Walsh told the Airline Economics ai...
Fuel surcharges don’t matter much to most consumers. They’re advertised as part of the paid fare when buying a ticket. They even earn credit in revenue-based frequent flyer programs. They really only matter to consumers who have airfare discounts that don’t apply to the surcharges, and to frequent flyers booking awards. United never collects fuel surcharges on awards Americ...
Malware has been discovered in a computer network of Kiev's main airport, Reuters reports. The report states the malware was found last week in the IT network of Boryspil International Airport, located near Kyiv, which reportedly included the airport's air traffic control system. Andriy Lysenko, a military spokesperson, told Reuters that the command and control centre of the malware&mda...
Oriens Aviation, the UK distributor for Pilatus will attend the Goodwood Festival of Speed from 23 – 26 June 2016. Edwin Brenninkmeyer, CEO of Oriens Aviation, confirmed that the exhibition will be one of the first chances for people to see the superior new version of the PC-12 NG that will offer a quieter cabin and a greater range, with no increase in fuel burn or operating cost during a...
Luis Gallego, Iberia’s Chairman and CEO, says: “We have always wanted to be a global airline. With these routes to Tokyo and Shanghai, we take a step in that direction, while we bring closer our country to two economical and touristic powers such as Japan and China”. Pending government approval, starting on 18 October, Iberia will operate three flights per week to Japan,...
Air Astana has reported net profit (unaudited) for 2015 of US$47.4million, an increase of 144% over 2014. Passenger numbers increased by 2% to 3.86 million, whilst capacity increased by 6%. Total revenue fell by 21%from US$933million to US$738.1million. Commenting on the results, Air Astana President & CEO, Peter Foster stated, “a sharp fall in revenue was more than compensated f...
Frédéric Gagey, Chairman and CEO of Air France, today presented strategic guidelines for 2017 – 2020 to the Central Works Council, within the framework of the Perform 2020 plan. This project reflects the ambition of Air France and draws on the improvements in the macroeconomic environment and the results of efforts already made in 2015. This project sets out:...
Philippine Airlines’ inaugural flight to Kuwait marked the start of the flag carrier’s route network expansion for 2016. The send-off ceremony held at the NAIA Terminal 2 last Sunday (January 17) was attended by PAL President and Chief Operating Officer Jaime J. Bautista and Kuwaiti Ambassador to the Philippines Waleed Ahmad Al Kandari. Joining them were, from l...
“ABN AMRO is a welcome addition to KLM’s Corporate BioFuel Programme. KLM is working with partners worldwide to speed up the development of sustainable biofuel, which will lead to growing demand and lower prices, hopefully prompting other airlines to start using biofuel. Every new development is a step towards a more sustainable air transport industry" –...
Tyrolean Jet Services is on the market since 1978. In the beginning it was a Swarovski corporate flight department, which later became an independent business structure. For a charter flight there are many options to choose from: two ACJ319, one ACJ318 ER, Bombardier Global Express, Gulfstream G550, Cessna Citation VII and Beechcraft King Air 200GT. A few more aircraft are managed by the op...
“They are my babies,” says Desiree Ekstein of her high-flying brood. “They all have names.” Ekstein, a Lake Elsinore resident, is known to her friends as Drone Diva Desi. She owns a dozen of the unmanned flying marvels, flocks of which touched down in holiday stockings across the nation last month. But Ekstein, 52, said she didn’t get a new drone for Christma...
L-3 Link UK and UAE based Spatial Composite Solutions have signed a long term agreement to supply the Full Flight Pilot Simulator sub modules for L-3 Link's Reality Seven Simulator manufacturing project. The five-year agreement was signed by Nick Bendell, L-3 Link’s operation director and Joseph McKeever - Spatial’s CEO, and will result in Spatial supporting L-3 Link’s com...
