Month: August 2014

L3 Communications Corp. Awarded $61 Million For Systems Integration on 2 MC-12W ISR Aircraft For Saudi Arabia

L3 Communications Corp. Awarded $61 Million For Systems Integration on 2 MC-12W ISR Aircraft For Saudi Arabia

Defense, Headline
The $61 million contract awarded to L3 Communications Corporation, Integrated Systems Group of Greenville, Texas on August 22nd 2014 will see 2 Hawker Beechcraft Super King Air 350 aircraft be modified with the addition of "... sensors, a ground exploitation cell, line-of-sight and satellite communications datalinks, along with a robust voice communications suite", according to the US Air Force MC-12W description. The system integration project, part of Foreign Military Sales contract with the Kingdom of Saudi Arabia is stated to conclude by December 31st 2015. The ISR adaptation of the C-12 cargo aircraft (military designation for the Hawker Beechcraft Super King Air 350 and the -ER Extended Range version) has a range of 1,500 nautical miles (2,00 nm for the ER version), cruising at 31
SAS Ties Down Sales/Leaseback Contract With China Bank Of Communications Financial Leasing On 4 A330 Enhanced

SAS Ties Down Sales/Leaseback Contract With China Bank Of Communications Financial Leasing On 4 A330 Enhanced

Airlines, Headline
SAS announced today the closing of deal with Chinese bank BOCOM to acquire 4 new Airbus 330 Enhanced aircraft. The Sale & Lease Back contract agreement with BOCOM spells out how the Scandinavian carrier will initially sell the 4 aircraft to the bank but still take them in its long haul fleet, on a 12-year operating lease basis with the bank. BOCOM in this context is more accurately referred to as the Bank of Communications Financial Leasing (JY Aviation); the leasing arm of Shanghai-based Bank of Communications founded in 1908. As a subsidiary of BOCOM International Holdings Company Limited, BOCOM International serves as the international investment banking and securities firm, one of China's top 3 IPO underwriter. The BOCOM aircraft leasing business is one of three large Chinese air...