China Aviation Supplies Holding Company (CAS) has signed a General Terms Agreement (GTA) with Airbus for the purchase of 60 Airbus aircraft, which includes 42 A320 Family aircraft and 18 A330 aircraft. The GTA was signed at the Great Hall of the People in Beijing by Li Hai, President and CEO of CAS and Fabrice […]
China's CAS signs GTA with Airbus for 60 aircraft Read More »
FLY Leasing, a global lessor of modern commercial jet aircraft, has acquired a 2013 manufactured Boeing 737-800 aircraft on a 12-year lease to a leading low-cost carrier in Asia. The acquisition was funded with a combination of FLY’s unrestricted cash and the $250m aircraft acquisition facility that was closed in November 2012.
FLY Leasing acquires new Boeing 737-800 Read More »
Alaska Air Group reported first quarter 2013 GAAP net income of $37m, compared to $41m in 2012. Excluding the impact of mark-to-market fuel hedge adjustments of $12m ($7m after tax), the company reported record first quarter 2013 net income of $44m, compared to net income excluding mark-to-market fuel hedge adjustments of $28m in 2012.
Alaska Air Group post adjusted first quarter 2013 results Read More »
United Airlines reported a first-quarter 2013 net loss of $325m, excluding $92m of special charges. Including special charges, UAL reported a first-quarter 2013 net loss of $417m. For the first quarter of 2013, total revenue was $8.7bn, an increase of 1.4% year-over-year. First-quarter consolidated passenger revenue increased 0.7% to $7.6bn, compared to the same period
UAL reports $325m first-quarter 2013 loss excluding special charges Read More »
Southwest Airlines posted its first quarter 2013 results. First quarter 2013 net income was $59m, which included $6m (net) of favorable special items. This compared to net income of $98m, in first quarter 2012, which included $116m (net) of favorable special items. Excluding special items, first quarter 2013 net income was $53m, compared to a
Southwest Airlines reports first quarter operating revenues of $4.1bn Read More »
Air Lease Corporation announced a long term lease agreement with KLM for a new Boeing 777-300ER aircraft, which is scheduled for delivery in March 2015. Additionally, ALC and KLM reached agreement on lease extensions for three 737-800s and one 777-200ER, currently operating in the KLM fleet.
MTU Aero Engines Holding AG started the financial year 2013 with a 35% surge in revenues, which amounted to €944.7m in the first quarter 2013, compared with €698.0m in the first quarter 2012. The group generated an operating profit of €89.3m (1-3/12: €91.4m), which corresponds to an EBIT margin of 9.5%. Earnings after tax amounted
MTU Aero Engines' revenues up 35% in first quarter Read More »
Flying Colours, the Ontario, Canada based aviation Company specializing in business aircraft completions, maintenance and refurbishments, has been appointed by Beechcraft as an Authorized Service Centre (ASC) for the entire King Air, Baron and Bonanza product lines. The new service centre status will offer Canadian owners of these models a convenient one stop centre for
Flying Colours appointed as Beechcraft Authorized Service Centre in Canada Read More »
AerData, a provider of software and services for the aviation industry released that Jetstar Airways, a provider of low cost airfares in Australia and New Zealand, has selected AerData’s STREAM records scanning and indexing software solution. STREAM (Secure Technical Records for Electronic Asset Management) is a leading web-based solution used by airlines, lessors and MROs
Jetstar Airways choose AerData’s STREAM digital aircraft records software Read More »
Monarch Aircraft Engineering (MAEL) has completed a cabin reconfiguration modification for the Greek airline, Astra Airways. Under the terms of the agreement Monarch’s Part 21J Design Organisation Approval, Monarch Design Services provided a modification which was successfully embodied on their Airbus A320 aircraft.
Monarch Aircraft Engineering completes cabin modification for Astra Airways Read More »
