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S&P UPGRADES AVOLON CREDIT RATING TO BBB WITH STABLE OUTLOOK

Avolon has received a BBB issuer credit rating upgrade from S&P Global Ratings, reflecting the aircraft lessor’s financial performance and balance sheet resilience. Avolon has received an upgraded issuer credit rating from S&P Global Ratings, with the agency raising the aircraft leasing company’s rating to BBB

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FEATURES

AVIATION HISTORY

May 14

2010 – Death of Stelio Frati, Italian mechanical engineer and aeroplane designer. He graduated from the University of Milan as a Mechanical Engineer in 1943, and after teaching aircraft design became a freelance aircraft designer, being responsible for many well known aircraft designs. Best known designs are the Falco F8L and the Aermacchi SF.260.

2010 – Launch: Space Shuttle Atlantis STS-132 at 10:21:22 UTC. Mission highlights: ISS assembly flight ULF4: Mini-Research Module 1.

2005 – A Eurocopter AS350 helicopter piloted by Eurocopter test pilot Didier Delsalle touched down on the top of Mt. Everest, at 8,850 m (29,035 feet). This record has been confirmed by the Fédération Aéronautique Internationale.

1997 – Star Alliance is founded. The world’s first and largest airline alliance, headquartered in Frankfurt, Germany (near Frankfurt Airport) the five founders were the world’s leading airlines Air CanadaLufthansaScandinavian AirlinesThai Airways International and United Airlines.

1979 – Progress 6 (Soviet unmanned cargo spacecraft) docks with Salyut 6.

1973 – Skylab, the United States’ first space station, is launched.

1941 – During testing, the Grumman XP-50 prototype (39-2517) is lost, falling victim to a turbo-supercharger explosion that destroyed the aircraft. The test pilot Bob Hall bailed out while the XP-50 plunged into Smithtown Bay in Long Island Sound.

1940 – The Yermolayev Yer-2, a long-range Soviet medium bomber, has its first flight.

1939 – Following first flight of the prototype Short S.29 Stirling four-engine bomber, L7600,

the undercarriage, airframe damaged beyond repair.

1938 – First prototype Focke-Wulf Fw 187 V1, D-AANA, crashes at Bremen, Germany, when test pilot Paul Bauer, having completed test series, makes high-speed run across airfield, pulls up too sharply, stalls, spins in next to the control tower.

1936 – First flight of the Miles Whitney Straight M.11, two-seater light aircraft with a dual-control, ‘side-by-side’ cockpit configuration.

1915 – The U.S. Navy contracts with the Connecticut Aircraft Company for its first airship.

1909 – Pilot S.F.Cody makes first flight of more than a mile in Britain using British Army Aeroplane No 1, flying from Laffan’s Plain to Danger Hill in Hampshire at average height of 30 ft (9.1 m). Later in the afternoon, the Prince of Wales asks Cody to repeat the flight, but in so doing, Cody is forced to turn quickly to avoid some troops in his path, smashing the tail against an embankment. Aircraft rebuilt at Farnborough with design changes to improve performance.

1908 – Charles Furnas becomes the first North American passenger in an aeroplane, piloted by Wilbur Wright. Wilbur Wright flew Charles W. Furnas for a distance of 2.5 miles in a Wright Model B.

1884 – Birth of Claude (Claudius) Honoré Desiré Dornier, German airplane builder and founder of Dornier GmbH.

 

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