19 September 2011

Cargolux rejects delivery of first 747-8 Freighter

Cargolux, the Luxembourg-based freight operator, released that its Board of Directors decided to reject the first two Boeing 747-8 Freighters that were scheduled for delivery to Cargolux on 19 and 21 September 2011, due to unresolved contractual issues between Boeing and Cargolux in respect of the aircraft. The financing of the aircraft that is secured through …

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ESMA Aviation Academy extends training offer in Africa with Hi-Fly Marketing

ESMA Aviation Academy reported the extension of its network to Africa through a representation agreement inked with Hi-Fly Marketing, a South African based aviation services company. With strong European roots and a broad international activity, ESMA can already capitalize on serious African references in its areas of competences: – Train Flight dispatcher trainer for Air Mali, …

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First A350 XWB wing lower cover transported to Airbus in Broughton

The first A350 XWB wing lower cover (WLC) has been transported from Airbus’ composites manufacturing site in Illescas, Spain, to Airbus’ wing assembly site in Broughton, UK, where it will be installed on to the wing of the first A350 XWB to fly, MSN001. The wing lower cover was recently produced at Airbus’ Centre of …

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Pratt & Whitney Canada and AVIC Engine Holdings create new MRO facility in China

Pratt & Whitney Canada (P&WC) and China Aviation Engine Holdings Corporation (AVIC Engine Holdings) announced the creation of a new joint venture to be located in Zhuzhou, Province of Hunan, People’s Republic of China. The new maintenance, repair and overhaul (MRO) will be called Zhuzhou Tonghui Aero Engine Maintenance Company (AEMC) and will provide in-country maintenance, repair …

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Bombardier's Global Express XRS Aircraft gets green light from US Air Force

Bombardier Aerospace released that its Global Express XRS (BD-700-1A10) aircraft was granted the new military designation E-11A from the United States Air Force. The Global Express XRS (BD-700-1A10) aircraft will be used as an overhead communications-relay platform in Southwest Asia. The aircraft carries Northrop Grumman’s Battlefield Airborne Communications Node, or BACN, which allows disparate battlefield communications …

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Airbus sees demand for over 27,800 aircraft in the next 20 years

In the midst of troubled financial markets, Airbus foresees strong ongoing demand for commercial aircraft. According to its latest Global Market Forecast (GMF), by 2030 some 27,800 new aircraft will be required to satisfy future robust market demand. The combined value of the over 26,900 passenger aircraft (above 100 seats) and more than 900 new …

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Singapore Airlines A380 to fly New York – Frankfurt – Singapore

Singapore Airlines announced the launch of the Airbus A380, on the New York (JFK) – Frankfurt – Singapore route, operating from January 16, 2012. New York will be Singapore Airlines’ tenth global destination to receive the superjumbo, and the second point in the U.S., after Los Angeles was added to the list earlier this year. The …

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AerCap will initiate new share repurchase program

AerCap Holdings N.V. released that its Board of Directors approved additional share repurchases above the previously announced amount of $50 million. The additional repurchase program will run through December 30, 2011 and will allow total repurchases of up to $100 million in 2011, inclusive of amounts repurchased through the previously announced programs. The total amount for …

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Virgin America reports second quarter 2011 financial results

For the second quarter of 2011 Virgin America recorded a $6.0 million operating loss and an operating margin of (2.2)%.  The airline achieved revenue growth during the quarter, with a 46% increase in operating revenue as compared to the second quarter of 2010. Total fuel costs increased by 62% and the Company’s average price per gallon of fuel …

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