WindJet, an Italian airline based in Catania (Sicily), has awarded an exclusive six-year engine service per hour (ESPH) contract to Snecma (SAFRAN group) for its CFM56-5A engine fleet. Snecma, an OEM (original equipment manufacturer) shop for the CFM56, will provide maintenance, repair and overhaul (MRO) services for all CFM56-5A engines powering WindJet
Snecma wins exclusive engine maintenance contract from WindJet Read More »
UAL Corporation reported a second quarter net loss of $323 million excluding non-cash, net mark-to-market hedge gains and certain accounting charges. The company reported a GAAP net profit of $28 million including these items. UAL announced an additional international capacity reduction of 7% for the last four months of 2009.
UAL Corporation reports net profit Read More »
Genesis Lease Limited has acquired a new Airbus A321 series passenger aircraft, manufactured in July 2009, and contracted it on lease to US Airways. Debt financing for the acquisition was provided through the Company’s $1 billion credit facility. This acquisition now means Genesis has 55 aircraft on lease to 36 airline customers in 21 countries.
Genesis Lease adds new Airbus A321 aircraft to its portfolio Read More »
Boeing took a major step closer this week toward completing the assembly of the first 747-8 Freighter as mechanics at the factory in Everett, Wash. loaded the forward and aft fuselage sections to join with the wing and center section. “It is exciting to see this airplane taking shape,” said Mo Yahyavi, vice president and
First Boeing 747-8 Freighter takes shape Read More »
Southwest Airlines reported its second quarter 2009 results. Net income for second quarter 2009 was $54 million, compared to $321 million for second quarter 2008. Excluding special items, second quarter 2009 net income was $59 million compared to $121 million for second quarter 2008.
Southwest Airlines reports second quarter earnings Read More »
Continental Airlines reported a second quarter 2009 net loss of $213 million. Excluding $44 million of previously announced special charges, Continental recorded a net loss of $169 million. Second quarter results were adversely affected by significant declines in high yield traffic as many business travelers curtailed travel or purchased lower yield economy tickets due to
Continental Airlines announces second quarter loss Read More »
