Lufthansa Technik Group’s 1.9% decline in revenue in 2012 to €4.0bn was characterized by a drop in business with other companies in the Lufthansa Group, but also by an increase in revenue with external customers, whose share of the total revenue rose by 5 percentage points to reach 61%. The operating result climbed by 24% […]
Lufthansa Technik Group report decline in revenues for 2012 Read More »
Virgin America appointed thirty-year aviation industry veteran Steve Forte as the Company’s new Chief Operating Officer. Forte will be the California-based airlines first ever COO, with oversight of Flight Operations, the Operation Control Center, Aircraft Maintenance, Safety and Guest Services.
Virgin America names Steve Forte as new COO Read More »
Boeing has delivered the 7,500th 737 to come off the production line to Malaysia-based Malindo Air. Malindo Air is a joint venture by Jakarta, Indonesia-based Lion Air and Malaysia’s National Aerospace and Defence Industries. Malindo Air is using the Next-Generation 737-900ER to launch its low-fares service.
Boeing delivers 7,500th 737 Read More »
First Aviation Services released that it has entered into an agreement to sell the majority of its interest in Aerospace Products International (“API”) to Cleveland-based private equity firm Resilience Capital Partners. API, which is based in Memphis, is a global aviation parts and equipment distributor which also provides supply chain management services to the aviation
First Aviation announces sale of controlling interest in API Read More »
American Airlines has decided to equip all of its A320 Family fleet with Airbus’ innovative Runway Overrun Prevention System (ROPS) technology. This onboard cockpit technology, which Airbus has pioneered independently over several years, increases pilots’ situational awareness during landing, reduces exposure to runway excursion risk, and if necessary, provides active protection. ROPS was first approved
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FLY Leasing, a global lessor of modern commercial jet aircraft, has sold six Boeing 717-200 aircraft manufactured in 2001. The aircraft were acquired by FLY in 2011 as part of a 49-aircraft portfolio transaction. “The sale of these non-core aircraft will result in a gain over our current book value and generate gross cash proceeds
FLY Leasing sells six aircraft Read More »
Erickson Air-Crane Incorporated, a leading operator and the manufacturer of the powerful Erickson S-64 Aircran heavy-lift helicopter, has executed a stock purchase agreement for the purchase of Evergreen Helicopters (EHI), from Evergreen International Aviation. EHI, based in McMinnville, Oregon, is a diversified global provider of air transport services for cargo and personnel to government and
Erickson Air-Crane announces acquisition of Evergreen Helicopters Read More »
AAR reported third quarter fiscal year 2013 consolidated sales of $520.2m and net income of $18.4m. This compares to year-ago sales of $534.2m and net income of $20.6m. The prior year’s third quarter included an income tax benefit of $4.0m. Sales in the Aviation Services segment increased 9% to $408.2m oand sales in the Technology
AAR reports third quarter fiscal year 2013 results Read More »
