BAE Systems completed its $187 million sale of its regional aircraft, asset-management business on July 15, marking the official launch of a new leasing entity known as Falko.
BAE Systems and design consultancy Design Q have unveiled their latest interior concept for the Avro Business Jet, the ABJ Elegante.
Designed with “space and grandeur,” the Elegante is the fourth of five interiors commissioned by BAE from Worcestershire-based Design Q for different executive aircraft market segments.
BAE Systems has announced a plan to implement a new “regionalized” strategy to support the Latin American market, where some 90 of its aircraft are now in service with nearly 40 operators. The company unveiled the new support strategy at its first ever Americas operators’ conference, held in Lima, Peru, May 23 and 24.
Here at the Paris Air Show, Dassault and BAE Systems have joined forces to display a mockup of the UK company’s Mantis medium-altitude long-endurance (MALE) UAV technology demonstrator. The combined exhibit highlights the recent agreement between the two companies to codevelop the Telemos UAS to meet the needs of both British and French armed forces.
BAE Systems announced today an agreement to sell its commercial aircraft lease portfolio and asset-management business to investment affiliates of New York-based Fortress Investment Group for $187 million in cash. Expected to close in the third quarter, the sale remains subject to regulatory approval and “other conditions.”
BAE Systems (Stand 751) and design consultancy Design Q have unveiled their latest interior concept for the Avro Business Jet: the ABJ Elegante.
Two semi-official reports have criticized support arrangements for the UK Royal Air Force Eurofighter Typhoon fleet. The UK National Audit Office (NAO) said that the four-nation collaborative contracts were complicated, and had resulted in “shortages of spares and long timescales for equipment repair.” The Parliamentary Accounts Committee (PAC) referred to “a very complex supply chain that stretches all over Europe.”
Speaking at Dassault’s annual press conference yesterday, CEO Charles Edelstenne clarified that BAE Systems would be the prime contractor for a joint medium-altitude, long-endurance (MALE) unmanned aircraft program under the recently announced memorandum of understanding between the two companies. The MoU follows last November’s Anglo-French inter-governmental agreement.
St. Louis-based Trans States Holdings (TSH) signed a firm order for 50 Mitsubishi Regional Jets and secured options on another 50, Mitsubishi Aircraft announced in February during a ceremony held in Nagoya, Japan. The sides finalized and executed the so-called definitive purchase agreement on December 27, almost 15 months after TSH signed a letter of intent to become the first U.S.
BAE Systems’s asset management division has reported an uptick in demand for its portfolio of pre-owned Avro RJ and 146 regional jets. The UK-based group is also taking on more contracts to remarket other manufacturers’ aircraft and is seeing growth in its product support and engineering activities.