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Iberia's third quarter operating profit increases 257% to 393.6 million euros

In the third quarter, Iberia posted net earnings of 372.5 million euros, which was 285 million euros more than the 87.5 million recorded in the same quarter last year.Operating profits came to 393.6 million euros, representing a 257% increase from same-2004. In the first nine months of the year Iberia posted consolidated net earnings of 401.8 million euros, up 167.8% from the same period of last year. Operating profits, which do not include non-recurring items, came to 109.2 million euros in the first three quarters of 2005, which was 33.5 million euros or 23.5% less than the figure for the same period last year.

Leonardo secured additional helicopter orders worth €470 million at Heli-Expo 2023

March 22, 2023

Italian aerospace, defence and security specialist Leonardo S.p.A. (Leonardo) sold approaching 40 helicopters at Heli-Expo 2023 in Atlanta, Georgia on March 7-9 this year. Deliveries of the aircraft are expected to take place between 2023 and 2026. The sales involve AW139s, AW169s and AW109s which will be used for energy support, rescue and public service

Delta launches Propel Flight Academy

March 22, 2023

Delta Air Lines (Delta), through its Propel Pilot Career Path Programme, is launching a pilot academy dedicated to training the airline’s next generation of aviators. The Delta Propel Flight Academy, operated in partnership with training provider Skyborne Airline Academy, will open its doors to the first class of students in June and is now accepting applications from

Jekta and Gayo Aviation ink LOI for ten PHA-ZE 100 amphibious aircraft

March 22, 2023

Jekta, the Switzerland-based manufacturer of the electrically powered Passenger Hydro Aircraft Zero Emission 100 (PHA-ZE 100) flying boat and Gayo Aviation have signed a Letter of Intent (LOI) for the acquisition by Gayo of ten electrically powered amphibious aircraft. With main offices in Sweden and Dubai, Gayo Aviation is a global provider of private and

Field Aerospace completes T-1A AMP aircraft installs

March 22, 2023

Field Aerospace has recently completed installs for the T-1A aircraft avionics modification programme (AMP). The goal of the AMP is to address avionics obsolescence issues in order to increase aircraft availability and decrease sustainment costs. The project was managed out of Tinker Air Force Base for the Air Education and Training Command (AETC). The work

CFM International and ST Engineering sign CFM-branded business partnership

March 22, 2023

CFM International and ST Engineering’s Commercial Aerospace business have signed a CFM-branded service agreement (CBSA) for LEAP-1A and LEAP-1B engines. Under the terms of the CBSA, ST Engineering will provide the full scope of LEAP maintenance, repair & overhaul (MRO) services for operators worldwide. ST Engineering is the first provider in Asia to join the

Stratos delivers one Boeing 737-800 to Transavia France

March 22, 2023

Stratos, a leading aircraft investment specialist and asset manager, has delivered one Boeing 737-800 on long-term operating lease to Transavia France. The delivery forms part of Transavia France’s fleet expansion, which will see the Air France–KLM subsidiary grow its fleet to 71 aircraft. The aircraft (MSN 37253), which forms part of a portfolio managed on

AAR acquires Trax to accelerate digital solutions strategy

March 21, 2023

Chicago-headquartered AAR CORP. (AAR) has announced its acquisition of Trax Corp. (trax), a leading independent provider of aircraft MRO and fleet management software to accelerate its digital solutions strategy. AAR is a global aerospace and defence aftermarket solutions company with operations in over 20 countries. It supports commercial and government customers through two operating segments:

Panasonic Avionics enhances software development capabilities in Pune, India

March 21, 2023

Panasonic Avionics, a leading supplier of in-flight entertainment and connectivity systems (IFEC), continues to enhance its global software development capabilities in Pune, India. Panasonic Avionics’ operation in Pune is the latest Panasonic investment in India. Panasonic entered the Indian market in 1972 and since then the company has grown from strength to strength and now

WestJet Cargo receives certification from Transport Canada for 737-800 Boeing Converted Freighters

March 21, 2023

WestJet Cargo has received Transport Canada’s approval and official certification of its four 737-800 Boeing Converted Freighters (BCFs). Following certification, WestJet Cargo and the GTA Group will expeditiously implement three freighters into service, as dedicated aircraft that will fulfil the large-scale needs of businesses, freight forwarders, shippers and individual customers across North America. The fourth

Swissport secures major contract with Sky Airline in Chile

March 21, 2023

Swissport International, a leading provider of airport ground services and cargo handling, has secured a major contract with Sky Airline, the first low-cost carrier in the Chilean market. Starting from April 2023, Swissport will provide ground services and cargo handling at all 15 airports Sky flies to in Chile. The portfolio includes serving passengers at

Turkish Technic posts strong financial results for 2022

March 21, 2023

Turkish Technic has posted its financial results for 2022, which marked successful growth and solid strategic acceleration. The company recorded a 37% growth compared to the previous year with US$1,42 billion in revenue and US$119 million in operational profit and increased its market share to 1.9%, reaching the highest growth rate and revenue in the

HKIA selects SITA to provide carbon management platform

March 21, 2023

Hong Kong International Airport (HKIA) has selected SITA to provide a carbon management platform to monitor data on carbon emissions across the airport environment, helping to track key performance indicators as the airport progresses towards its net-zero carbon goal. SITA’s carbon management platform, to be fully deployed by summer 2023, will collect and aggregate data

ASI and Etihad Engineering collaborate to expand aircraft maintenance facility

March 21, 2023

ASI (Aircraft Support Industries), a leading provider of aviation infrastructure solutions, has announced its collaboration with Etihad Engineering to expand the capacity of its aircraft maintenance facility in Abu Dhabi. Etihad Engineering, one of the largest commercial aircraft MRO services providers and the expansion project in partnership with ASI, aims to cater to the increasing

ASQS further grows presence in Canada with Central Mountain Air partnership

March 21, 2023

ASQS, a global leader in aviation safety and quality management software, has announced its collaboration with Western Canadian Central Mountain Air (CMA), further growing its presence in the Canadian aviation industry. Central Mountain Air, based in Smithers, British Columbia with further bases at Vancouver International Airport and Calgary International Airport, is a privately owned and

Boeing set to manufacture 184 AH-64E Apaches for the U.S. Army and overseas users

March 20, 2023

Boeing has confirmed it is to build 184 AH-64E Apaches for the U.S. Army as well as several international customers. This will include the first Apaches for Australia. This latest award, valued at US$1.9 billion, will bring the total current funded value of the contract to US$2.1 billion. Future obligations have the potential to see

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Iberia's third quarter operating profit increases 257% to 393.6 million euros

Leonardo secured additional helicopter orders worth €470 million at Heli-Expo 2023

Delta launches Propel Flight Academy

Jekta and Gayo Aviation ink LOI for ten PHA-ZE 100 amphibious aircraft

Field Aerospace completes T-1A AMP aircraft installs

CFM International and ST Engineering sign CFM-branded business partnership

Stratos delivers one Boeing 737-800 to Transavia France

AAR acquires Trax to accelerate digital solutions strategy

Panasonic Avionics enhances software development capabilities in Pune, India

WestJet Cargo receives certification from Transport Canada for 737-800 Boeing Converted Freighters

Swissport secures major contract with Sky Airline in Chile

Turkish Technic posts strong financial results for 2022

HKIA selects SITA to provide carbon management platform

ASI and Etihad Engineering collaborate to expand aircraft maintenance facility

ASQS further grows presence in Canada with Central Mountain Air partnership

Boeing set to manufacture 184 AH-64E Apaches for the U.S. Army and overseas users

Aviation News Categories

2023 MEDIA KIT

Learn more on how AviTrader can expand your market

Tamar Jorssen

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