26 October 2011

airberlin postpones Airbus and Boeing aircraft deliveries

airberlin has reached an agreement with the aircraft manufacturers, Airbus and Boeing, with regard to an optimization of its order books. The agreements stipulate that deliveries of new aircraft originally scheduled for 2012 and 2013 will be partly postponed until 2015 and 2016, to adapt airberlin’s capacity growth to its ‘Shape & Size’ earnings-improvement program. The …

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SR Technics and Panasonic sign agreement

SR Technics has signed a contract with Panasonic Avionics for the installation of Panasonic’s new in-flight entertainment and connectivity (IFEC) system, the Ku-band satellite-based global communications suite (GCS). The agreement covers the modification of the Gulf Air Airbus A330 and A320 family fleet comprising 30 aircraft as well as the modification of a Middle Eastern …

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Super Tucano receives FAA certification in the United States

The Super Tucano light attack and advanced training turboprop was certified by the U.S. Federal Aviation Administration (FAA). This specific certification by the U.S.’s principal aviation regulatory authority allows the beginning of a demo tour to American military bases, and it will open new business opportunities for Embraer Defense and Security in the world’s largest …

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Embraer sells 11 more E-Jets to Azul

Embraer and Azul Linhas Aéreas Brasileiras signed a contract for the purchase of 11 EMBRAER 195 jets. The transaction increases the airline’s total orders for Embraer E-Jets to 52 aircraft. The value of this latest acquisition, at list price, is USD 497.2 million. Deliveries are scheduled to begin in 2013.

JetBlue announces third quarter results

JetBlue Airways Corporation reported that operating income for the quarter was $108 million, resulting in a 9.0% operating margin, compared to operating income of $140 million and a 13.6% operating margin in the third quarter of 2010. Pre-tax income was $56 million in the third quarter, which includes a one-time loss related to the early extinguishment of portions …

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B/E Aerospace third quarter 2011 revenues up 28%

B/E Aerospace reported third quarter 2011 financial results. Third quarter 2011 revenues of $636.0 million increased $141.0 million, or 28.5%, as compared with the same period of the prior year. Third quarter 2011 results reflect the acquisitions of TSI Group, Inc., Satair A/S’s aerospace fastener distribution business and LaSalle Lighting (recent acquisitions). Revenue growth for the …

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LAN Airlines reports decreased net income for third quarter 2011

LAN reported net income of $94.5 million in third quarter 2011, a decrease of 11.0% compared to the $106.2 million reported in third quarter 2010. Total revenues in third quarter 2011 reached $1,486.5 million compared to $1,152.3 million in third quarter 2010, operating income reached $161.2 million in third quarter 2011, a 2.9% increase compared …

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Gulfstream International Airlines to purchase six Saab 340Bplus aircraft

Gulfstream International Airlines has reached an agreement with Saab Aircraft Leasing to purchase six, 34-seat Saab 340Bplus aircraft. The Fort Lauderdale-based airline, which serves destinations in The Bahamas, will deploy all six Saab’s along its Florida/Bahamas routes, replacing smaller, 19-seat Beechcraft 1900D aircraft. Gulfstream will integrate the six Saab 340Bplus’ into its fleet over a nine-month period beginning …

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Boeing, Embraer and Sao Paulo Research Foundation to lead aviation biofuels program in Brazil

Boeing, Embraer and the Sao Paulo State Research Foundation (FAPESP) announced plans to collaborate on long-term aviation biofuels-related research and development, a move that represents another major step toward the creation of a sustainable aviation biofuels industry in Brazil. Azul, GOL, TAM and Trip airlines will be strategic advisors in the program. As a result …

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