Secures Over $860 Million For Remaining Freighter
Deliveries
Atlas Air has entered into an $865 million term-loan facility
with Apple Bank for Savings, guaranteed by the Export-Import Bank
of the United States, to finance the company’s six remaining
B747-8F aircraft deliveries. The aircraft are expected to be placed
in Atlas Air’s international ACMI (aircraft, crew,
maintenance and insurance) service.
GE Aviation subsidiary Dowty Propellers has opened a repair
facility in Australia to support operators of Bombardier Q400
aircraft in the region. Located at the existing GE facility in
Brisbane, the Q400 aircraft propeller repair operations opened on
3rd January 2012. This marks a long- term investment to support the
growing fleet in the region. Initial capability will be to repair
blades and spinners.
Spirit Airlines has finalized its firm order for 75 Airbus
single-aisles including 45 A320neo aircraft. The original
Memorandum of Understanding (MoU) was announced at the 2011 Dubai
air show. The airline has not yet announced its engine selection.
Spirit's order for 45 A320 neo aircraft was booked in December
2011.
Will Team With Florida Cargo Company To Establish Caribbean,
Latin American Presence
AvWorks Aviation is planning a strategic alliance with a
Florida-based Specialized Air Cargo company. Details of the terms
of the alliance will be disclosed in the Management Advisory
Agreement the Company intends to enter into with the Air Cargo
company.
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