5 August 2011

Helitt Líneas Aéreas takes delivery of ATR 72 in transaction arranged by Skyworld Aviation

Skyworld Aviation reported the sale of an ATR 72- 212, serial number 428 to Helitt of Malaga. Serial number 428 (now re-registered as EC-LNR) was previously in operation with Alitalia Express before being purchased by the Magellan Group. The aircraft flew from Shannon after being repainted, and arrived in Granada on the 14th June 2011. […]

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Air Canada's 2nd quarter operating income improves CAD26 million

Air Canada reported second quarter operating income of C$73 million compared to operating income of C$47 million in the second quarter of 2010, an improvement of $26 million.  Earnings before interest, taxes, depreciation, amortization and impairment, and aircraft rent (EBITDAR) of $338 million increased $10 million from the same quarter in 2010. Air Canada reported a

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SR Technics and Virgin Australia sign major agreements

SR Technics and Virgin Australia have concluded major component maintenance and technical training agreements. Leveraging the full scope of Mubadala Aerospace’s global MRO capabilities, some services will also be completed out of Abu Dhabi Aircraft Technologies (ADAT), SR Technics’ sister company. These agreements will cover full nose-to-tail integrated component solutions (ICS); and are complemented with

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Finnair posts net loss of EUR 23 million for second quarter

Finnair’s financial performance deteriorated and its operating result was a loss of 13.8 million euros, compared with a loss of 13.6 million euros in the corresponding period of the previous year. Due to improvements in operational efficiency, operating costs excluding fuel were in line with expectations, at 425.5 million euros (392.7).  Unit costs, excluding fuel, fell

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WestJet reports strong second quarter net earnings

WestJet reported second quarter 2011 net earnings of $25.6 million which is up significantly from the net earnings of $6.8 million reported in the second quarter of 2010. These financial results mark WestJet’s 25th consecutive quarter of profitability. For the third quarter of 2011 WestJet is projecting fuel costs, excluding hedging, to range between $0.90 and

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