Israel Aerospace Industries (IAI) announced that 2007 sales totaled $3.3 billion compared to $2.8 billion in 2006, an 18 percent increase. $2.7 billion (82 percent) of these sales are for export. Net profit for 2007 was reported at $126 million compared to $130 million in 2006. IAI
Israel Aerospace Industries Read More »
Airbus has terminated negotiations with the OHB / MT Aerospace consortium regarding the sale of the Airbus sites in Nordenham, Varel and the EADS site in Augsburg since a viable industrial and financial solution was not achievable. Airbus will continue searching for other solutions and, in parallel, will proceed with the carve-out of the three
Airbus continues site divestment strategy Read More »
AirAsia X, the new long-haul low cost-carrier within the AirAsia Group, has signed a firm contract for an additional 10 A330-300s, which brings the airline’s total order to 25 A330 aircraft. In June 2007, AirAsia X placed a first order for 15 A330s. AirAsia X is currently operating its long-haul, low-cost service with leased A330s
AirAsia X orders 10 additional Airbus A330 aircraft Read More »
JetBlue founder and Chairman David Neeleman has announced plans to start up his fourth airline, a domestic carrier in Brazil, pending local Government approvals. Mr. Neeleman, who was born in Brazil, has raised $150 million to finance the as-yet-unnamed carrier. The airline, to be based in Sao Paulo, plans to commence operations in early 2009
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As the Open Skies agreement goes into effect on March 30th, OpenSkies, a new transatlantic airline from British Airways, continues to make progress toward launch this summer. OpenSkies is the first new airline created as a result of the Open Skies agreement, which allows airlines to fly between any U.S. and E.U. destination. OpenSkies plans
New airline OpenSkies makes progress toward launch this summer Read More »
The ANA Board of Directors selected the Mitsubishi Regional Jet (MRJ) as its new regional aircraft, placing a firm order for 15 and 10 options, with delivery planned from 2013. The aircraft will be powered by the Pratt & Whitney Geared Turbo Fan (GTF). The MRJ was chosen on the basis of safety, overall economy,
ANA selects Mitsubishi Regional Jet Read More »
Willis Lease Finance Corporation, a leading lessor of commercial jet engines, reported that strong demand for leased engines and high utilization of its growing engine portfolio contributed to 24% lease rent revenue growth and record earnings per share in 2007 on total revenues of $121.9 million, a 15% increase over the prior year. Willis Lease
Willis Lease Finance reports record earnings per share of $1.66 in 2007 Read More »
The Boeing Company confirmed an order for three Next-Generation 737s by national flag carrier Turkmenistan Airlines. The order for two 737-900ERs and one 737-700 is worth approximately $221 million at list prices. Turkmenistan Airlines’ all-Boeing fleet also includes 717s, Classic and Next-Generation 737s, 757s, and one 767.
Turkmenistan orders three Next-Generation 737s Read More »
