When addressing the Legislative Council on the 13th of January, 2015 the Hong Kong’s Chief Executive Leung Chun-ying revealed the government’s intentions to turn the city into a major aviation finance hub capable of competing with the likes of Ireland and Singapore. The upcoming changes in Hong Kong’s tax legislation and financial system serve as yet another clear signal that [...]
FL Technics, a global provider of tailor-made aircraft maintenance, repair and overhaul services, is delighted to announce the start of a new cooperation with Aeroflot – the flag carrier of the Russian Federation. Under the cooperation the company will act as the carrier’s approved supplier of various spare parts in both scheduled and AOG situations. Having passed Aeroflot’s preliminary qualification [...]
In view of the recent political tensions, the environment in the business aviation industry within the CIS has recently been somewhat ambivalent. On the one hand, according to data provided by WINGX Advance, the region’s traffic to Europe alone has dropped as much as 23%. On the other hand, with the full-year average oil price for 2015 expected to be [...]
FL Technics, a global provider of tailor-made aircraft maintenance, repair and overhaul services, is further expanding its client base in Europe and Asia by signing a Base Maintenance agreement with a Turkish low-cost carrier Pegasus Airlines. Under the agreement, FL Technics will provide Base Maintenance support for the carrier’s Boeing 737 NGs. Pegasus Airlines, the second largest carrier in Turkey, [...]
With the nearing Christmas and New Year celebrations some airlines commemorate the holidays by offering exclusive deals to their loyal customers whilst others greet their passengers with spectacular on-board parties during flights. In fact, celebrating up in the sky has become a real trend amongst hard-core flyers in recent years. For instance, in Russia alone there were 13000 passengers who [...]
As the number of airlines switching to quieter, larger and more efficient aircraft grows, Honeywell estimates that the number of current generation narrow-bodies sent for dismantlement has increased by 40% over the past three years. Moreover, as next generation aircraft come into service the discarded numbers are likely to increase even further. However, while the activity in the segment increases, [...]
The global market of light helicopters remains on a steady growth path. One of the largest aircraft manufacturers Robinson Helicopter Company has reported producing over 5500 R44’s to date with a rising number of orders coming from overseas. As the demand keeps growing, naturally one may wonder what makes light helicopters so attractive to an increasing number of industry players. [...]
Forty years after the first flight of the F-16 prototype, the Air Forces worldwide are increasingly counting on the F-35 to replace the planes they're flying today. However, with F-35 being 7 years behind schedule and $163 billion over budget, the Lockheed Martin F-16 Fighting Falcon is currently enjoying an unexpected renaissance. As a result, the average age of currently [...]
