GA Telesis current shareholder Tokyo Century Corporation (Tokyo Century) along with All Nippon Airways Trading Company (ANATC – a subsidiary of ANA Holdings), have collectively entered into a definitive agreement to acquire all shares held by Global Principal Finance Company (GPFC), which is a subsidiary of Bank of America. Tokyo…
The US Federal Aviation Agency (FAA) has granted approval for the maintenance intervals escalation of the CRJ700, CRJ900 and CRJ1000 aircraft. The line maintenance interval (A-check) is extended to 800 flight hours, and the heavy maintenance interval (C-check) at 8,000 flight hours. “With the longest maintenance intervals on the regional…
After several ad-hoc maintenance projects, FL Technics has signed a long-term joint contract with Lufthansa group companies (network and point-to-point airlines) for MRO services. The first aircraft is scheduled for maintenance at the beginning of October 2018 in Vilnius (Lithuania) and will be followed by the rest during the 2018…
Chorus Aviation subsidiary, Jazz Aviation (Jazz), has received Transport Canada certification for Jazz Technical Services (JTS) to perform airframe heavy maintenance on Embraer 135 and Embraer 145 regional aircraft. JTS is a division of Jazz dedicated to maintenance, repair and overhaul. “Acquiring Embraer certification is an important next step in…
AJW Group, an independent specialist in the global management of aircraft spares, has been awarded a power-by-the-hour (PBH) contract with TAP Maintenance & Engineering, a global MRO provider and part of the TAP Group. The contract, which takes effect from this month, builds on a long-standing relationship between AJW Group…
ST Engineering’s US subsidiary, Vision Technologies Aerospace (VT Aerospace), has entered into a conditional share purchase agreement to acquire a 100% ownership in MRA Systems (MRAS) from General Electric for US$630 million on a cash-free and debt-free basis. With 90 years of history in the aviation industry, MRAS is an…
FL Technics has signed long-term contract with Luxair, the regional flag carrier airline of Luxembourg, for MRO services for its whole Boeing 737 NG fleet. First aircraft will be handled in the beginning of November, 2018 in Kaunas (Lithuania), and shortly will be followed by yet two more. “The recent…
HAECO Americas, a wholly-owned subsidiary of the HAECO Group, has announced that Bill Collins will join the company’s leadership team as president of airframe services. In this role, he will oversee the Maintenance, Repair and Overhaul (MRO) business segment of HAECO Americas. Collins has more than 30 years’ experience in…
The Supervisory Board of Lufthansa Technik has appointed Sören Stark (51) to the Executive Board, effective 1 January 2019. Stark will be responsible for the areas Fleet Services, Base Maintenance, Components, Logistics, IT and Quality Management. Stark, who holds an advanced degree in industrial engineering, will take over from Dr….
Nippon Cargo Airlines has submitted an outline of submitted preventive measures to the Ministry of Land, Infrastructure, Transportation and Tourism (MLIT) in response to a business improvement order it received in July following a number of issues that caused aircraft to be grounded and flight suspended. In the outline, the…
The Aviation 100 recognises the year’s most outstanding performers in the commercial aviation industry. The Aviation 100 awards ranks the top ten performers in each category with the winner receiving a coveted outstanding achievement award. The categories are: Airlines, Lessors, MROs, Banks, CEOs, CFOs, Appraisers, Law Firms and Parts Suppliers….
The first Airbus A380 has been dismantled and will be sold as spare parts as a new lessee or buyer could not be found following expiry of the 10-year lease in October 2017. For investors, this is likely to mean a modest end to their investment. After the 10-year lease…
