Chromalloy, a unit of Sequa Corp., said it is developing a new Technology Center of Excellence in Palm Beach Gardens, Fla., "dedicated to the research and development of services for gas turbine engine including repairs, parts and coatings." The company also intends to relocate its corporate headquarters from Orangeburg, N.Y. to the Florida location.

Air Lease Corp. on Monday launched an initial public offering of 25 million shares priced at between $25 and $28 each. It said in a filing with the US Securities and Exchange Commission that it expects the IPO to raise net proceeds of approximately $622.1 million.

Lufthansa selected Pratt & Whitney PW1100G engines to power the 30 A320neo family aircraft it has announced it will order pending contract finalization with Airbus, the third consecutive win for Pratt on the re-engined narrowbody program.

Embraer announced Monday that KLM Cityhopper exercised options for five E-190 jets valued at $214 million based on list prices.

French Air Accident Investigation Bureau (BEA) on Sunday confirmed that the search team on board the vessel Alucia located major assemblies of the Air France Airbus A330 that crashed into the Atlantic while en route between Rio de Janeiro and Paris-Charles de Gaulle on June 1, 2009, killing all 228 passengers and crew on board.