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Aircraft financing and leasing company GE Capital Aviation Services (GECAS) and ATR have signed a contract for up to 10 ATR 72-600 aircraft. The deal includes five firm orders and five options for deliveries beginning in 2015. ATR said the order confirms the importance of the leasing market for its aircraft, a signal of strong

Indonesian air force (TNI-AU) F-16As have arrived at RAAF Darwin for Ex Elang Ausindo 13, the latest in the series of bilateral airpower exercises between the TNI-AU and RAAF. The week long Ausindo 13 began on Monday November 18 and runs through to Friday the 22nd and sees up to six Indonesian F-16s exercising with

Qantas has launched a loyalty program aimed at small and medium business as part of efforts to shore up marketshare for non-corporate account business travel. Dubbed Aquire, the new stand-alone program allows businesses to accrue Acquire points through a range of business transactions. Those points can then be converted on a one for one basis

Rolls-Royce has completed its 1,500th AE 2100 engine for installation on a C-130J Hercules. The milestone engine was delivered to Lockheed Martin in Marietta, Georgia following a celebration in Indianapolis, Indiana, where the AE 2100 is manufactured, assembled and tested. It will be fitted to a C-130J scheduled for delivery to the US Air Force

Virgin Australia’s $350 million rights issue, which has seen major institutional investors Air New Zealand, Etihad, Singapore Airlines and the Virgin Group take up their entitlement shares in the airline, has sparked a pointed reaction from Qantas and counter arguments from Virgin. The rights issue, which so far has raised $281.4 million from Virgin Australia’s

Air New Zealand shares are in a trading haft after the New Zealand government announced it is selling down its stake in the kiwi carrier from 73 per cent to about 53 per cent. Shares in Air New Zealand were trading at NZ$1.65 before the trading halt, valuing the 20 per cent stake at about