The Lufthansa Group closed the financial year 2011 with revenue of €28.7bn (previous year: €26.5bn) and achieved an operating profit of €820m (previous year: €1.0bn). The net result attributable to shareholders came to €-13m (previous year: €1.1bn). It includes a result of discontinued operations of €-285m, which reflects current losses at British Midland and valuation …
7 March 2012
Epic Aircraft, based in Bend, Oregon – the privately-owned aviation company that specializes in kit aircraft – announced it will be acquired by Engineering LLC, Russia’s premier Maintenance, Repair and Overhaul (MRO) provider. The move enables both companies to leverage each other’s core strengths, while continuing to expand upon the same great level of ongoing …
Air France-KLM reported February 2012 traffic increase of 6.2%, while capacity was up by 2.5%, leading to a 2.8 point improvement in load factor to 80.5%.
MUL Aviation Capital, a subsidiary of Mitsubishi UFJ Lease & Finance, will set up an aviation leasing base in Dublin. The new Dublin subsidiary will focus primarily on acquiring and leasing narrow-body aircraft. China Southern, Turkish Airlines, Qantas, AirBerlin, Southwest Airlines, and Norwegian are among MUL Aviation Capital’s clients.
The SAS Group reported February capacity increase of 4%, while traffic for the month increased 4.5%. The load factor increased 0.3 points to 66.9%.
American Airlines reported a February load factor of 75.8%, an increase of 1.0 point versus the same period last year. Traffic increased 6.0% and capacity increased 4.7% year-over-year.
Delta Air Lines reported a 1.4% increase in traffic in February compared to the same period in 2011. Capacity grew 6.1% year over year and load factor fell year over year to 73.7%.
Frontier’s traffic increased 8% in February 2012, while capacity increased 1%. For the month, Frontier had a load factor of 82% compared to 77% in the same month last year.
Republic Airways released that February traffic increased 8% over the same month last year, on an increase in capacity of 5%. Consolidated load factor was 74% in February of 2012, versus 72% in the same month last year.
PPG Industries’ aerospace transparencies group has created kits for repairing commercial aircraft windshield moisture seals, which are also called hump seals, during maintenance checks in the hangar or overnight on the line. “Regularly maintaining exterior windshield hump seals can extend the windshield’s service life,” said Aaron Anderson, PPG Aerospace global segment manager, repair services, transparencies. …