The Cathay Pacific Group reported an attributable loss of HK$935m for the first six months of 2012. This compares to the profit of HK$2,808m in the first half of 2011. Loss per share was HK23.8 cents as compared to the earnings per share of HK71.4 cents in 2011. Turnover for the period rose by 4.4% […]
Cathay Pacific posts first half loss of HK$935m Read More »
US Airways has reached a tentative agreement on a collective bargaining agreement with the Association of Flight Attendants (AFA). The tentative agreement would cover the airline’s 6,800 mainline flight attendants, who are based in US Airways’ three hub cities of Phoenix, Philadelphia and Charlotte, N.C., and in its Washington, D.C. focus city.
US Airways and Association Of Flight Attendants reach tentative agreement Read More »
GE Capital Aviation Services (GECAS), signed a purchase and leaseback transaction with Emirates airline for three new Boeing 777-300ER aircraft and seven spare engines. The first aircraft from the airline’s existing order book with Boeing was delivered on May 30. The other aircraft are scheduled for delivery later in 2012. The leaseback of seven spare
GECAS and Emirates sign purchase and leaseback transaction Read More »
AMR Corporation reported July 2012 consolidated traffic results for its principal subsidiary, American Airlines, Inc., and its wholly owned subsidiary, AMR Eagle Holding Corporation. Consolidated capacity and traffic were both lower by 2.2% year-over-year, resulting in a July consolidated load factor of 87.0% which is comparable to the same period last year.
AMR Corporation reports July 2012 traffic results Read More »
United Continental Holdings reported July 2012 combined operational results for its airline units. UAL’s consolidated traffic in July 2012 decreased 2.8% and consolidated capacity decreased 2.1% versus July 2011. The company’s consolidated load factor in July 2012 decreased 0.6 points to 86.6%, compared to July 2011.
United reports July 2012 operational performance Read More »
Air Canada recorded earnings before interest, taxes, depreciation, amortization and impairment, and aircraft rent (EBITDAR) of $314m in the second quarter of 2012 compared to EBITDAR of $338m in the second quarter of 2011. Operating income of $63m decreased $10m from the same quarter in 2011.
Air Canada reports second quarter 2012 results Read More »
DVB increased its consolidated net income before taxes (and excluding net result from financial instruments in accordance with IAS 39) by 36.6%, to €91.1m (H1 2011: €66.7m). At €183.9m, total income for the first six months of 2012 (comprising net interest income after allowance for credit losses, net fee and commission income, results from investments
DVB Group posts improved first half 2012 results Read More »
LMI Aerospace Inc., a leading provider of design engineering services and supplier of structural assemblies, kits and components to the aerospace, defense and technology markets, announced that it has acquired TASS Inc., a premier after-market engineering and support services firm. Headquartered in Kirkland, Washington, TASS delivers high-end engineering solutions to aircraft manufacturer, airlines, Maintenance, Repair
LMI Aerospace acquires TASS Read More »
MHS Aviation has expanded it’s fleet with the addition of a Challenger 604, this brings the current number of aircraft that MHS Aviation operates to 13 aircraft in total. The Challenger 604 will commence operations from August 2012 as part of MHS Aviation’s portfolio of aircraft for worldwide charter. The aircraft is managed on behalf
MHS Aviation adds new Challenger 604 to fleet Read More »
The Royal Saudi Air Force (RSAF) has ordered 193 F110-GE-129E engines to power 84 new twin-engine Boeing F-15SA aircraft. With the order the RSAF becomes the largest operator of F110 engines other than the U.S. government. This follows earlier RSAF orders for 156 engines to power 71 re-engined F-15S aircraft. The agreement calls for deliveries
Royal Saudi Air Force becomes largest international operator of F110 engines Read More »
