Reading Time: < 1 minute Willis Lease Finance (WLFC) has confirmed that its Willis Asset Management subsidiary has acquired the business and assets of Total Engine Support (TES), the consulting and asset management business of the TES Aviation Group. TES’ parent group went into administration on October 26 but the asset management division of the Bridgend, Wales-based firm will now […]
Reading Time: < 1 minute Rockwell Collins has announced an agreement to acquire aircraft interiors supplier B/E Aerospace for $6.4 billion in cash and the assumption of $1.9 billion in net debt. The transaction, which is expected to close in 2017 subject to board approvals of both companies, will blend B/E’s portfolio of galleys, lavatories and oxygen and lighting systems […]
Reading Time: < 1 minute Irish low cost carrier Ryanair is expanding its maintenance, repair and overhaul (MRO) base in Kaunas, Lithuania. Ryanair is planning to invest around €250,000 into expanding the facilities of its maintenance unit, Kaunas Aircraft Maintenance Services (KAMS), which is located at Kaunas International Airport. According to KAMS’s accountable manager, Karolis Čepukas, a range of new […]
Reading Time: < 1 minute Monarch Airlines is close to revealing a giant order for new Boeing aeroplanes after a major investment from shareholders, according to reports. An extra 15 aircraft, added to the 30 it already ordered in 2014, would put the airline on a secure footing for the foreseeable future. It comes after the airline said on Friday […]
Reading Time: 2 minutes Bombardier has received the second and last $500 million installment of a $1 billion investment by the Québec government to own a 49.5% share of the CSeries Aircraft Limited Partnership (CSALP) joint venture with the Montreal-based manufacturer. The cash injection helps Bombardier finance the CSeries programme through a production ramp-up with as many as 315 […]
Reading Time: 2 minutes India intends to invest more than 20 billion rupees ($300 million) in the creation with Russia’s assistance of a logistics center of spare parts for Russia’s Sukhoi Su-30MKI fighters at the facilities of India’s state-owned aerospace and defense company Hindustan Aeronautics Limited (HAL), a source in the Indian Defense Ministry told TASS on Tuesday. “To […]
Reading Time: 2 minutes Russia is set to launch a production unit for aircraft parts and equipment in India under the ‘Make in India’ program. US and European aviation companies are likely to face major competition in India as Russia has proposed to set up a production line for India’s civil aviation sector. A Russian delegation headed by Alexander […]
Reading Time: 2 minutes Bombardier has entered into a definitive agreement for a $1 billion US investment by the Government of Québec in a newly created limited partnership. It will be called the C Series Aircraft Limited Partnership (the “CSALP”), to which the assets, liabilities and obligations of the C Series aircraft program will be transferred. “We are delighted to […]
Reading Time: 1 minute VITA’s Embedded Tech Trends (ETT) 2016 in Houston introduced an assessment of and forecast for the embedded computing market by analysts at to IHS Electronics & Media in Englewood, Colorado. Among the industries driving increased investment in embedded computing are industrial automation (also known as smart manufacturing or advanced manufacturing), as well as aerospace and […]
Reading Time: 2 minutes Hong Kong International Airport’s operator announced plans to establish a civil aviation academy to “nurture local and regional aviation management talent”. Airport Authority Hong Kong (AAHK) is confident that the move will further strengthen Hong Kong’s edge as a major regional aviation hub. “The aviation industry is an important economic contributor to Hong Kong,” says […]