24 July 2013

US Airways reports record second quarter profit

US Airways Group reported its second quarter 2013 financial results. For the second quarter 2013, pretax profit excluding net special items was $409m, the highest in Company history. Net profit excluding net special items was a record $324m. Net profit excluding net special items for the second quarter 2012 was $321m. The Company’s 2013 second […]

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Transat A.T. announces agreement to lease four Boeing B737-800s and to renew the leases of six Airbus A330s

Transat A.T. reported the signing of an agreement with ILFC for the long-term (eight-year) leasing of four Boeing B737-800 aircraft. These planes will be introduced in summer 2014 and become the core of Air Transat’s permanent narrow-body fleet. They will be used on sun-destination routes to Mexico, the Caribbean and Florida. The agreement also includes

Transat A.T. announces agreement to lease four Boeing B737-800s and to renew the leases of six Airbus A330s Read More »

AAR sources and modifies 2 Boeing 737s for U.S. Marshals Service

AAR reported that the U.S. Marshals Service has signed a purchase commitment for two Boeing 737-400 aircraft for delivery in September. In addition to sourcing the aircraft, AAR will provide airframe and landing gear overhaul, aircraft painting and interior reconfiguration. AAR recently delivered two similar aircraft to the Colombian Air Force as part of a

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Boeing reports strong second-quarter results and raises 2013 EPS guidance

Boeing reported that second-quarter core earnings per share (non-GAAP) increased 13% to $1.67, driven by strong performance across the company’s businesses. Second-quarter core operating earnings (non-GAAP) also increased 13% to $2.0bn from the same period of the prior year. Second-quarter revenue was $21.8bn, GAAP earnings from operations was $1.7bn and earnings per share was $1.41.

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Delta Air Lines announces June quarter profit

Delta’s net profit for the June 2013 quarter was $844m, excluding special items. This result is a record June quarter profit excluding special items and is a $258m improvement year-over-year. Including $159m in special items, Delta’s GAAP net income was $685m. The company announced a balanced capital deployment plan, targeted at creating up to $5bn

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AJW Aviation to manage entire fleet rebrand for AZAL

AJW Aviation has been contracted to carry out the rebranding of Azerbaijan Airline’s entire fleet. The fleet of eighteen aircraft includes A319, A320, B757 and B767, all of which are to undergo rebranding by the end of 2013 to meet the airline’s operational deadline. AJW has already delivered the first A320 aircraft in the new

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BAE Systems Regional Aircraft offers Jetstream 41 brake maintenance support

BAE Systems Regional Aircraft is now offering brake maintenance support for the Jetstream 41 regional turboprop airliner and has secured its first customer for this new service from Sky Express of Greece. In co-operation with Meggitt Aircraft Braking Systems of Coventry – the Original Equipment Manufacturer – BAE Systems is now able to offer a

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Etihad Airways upgrades to V2500 SelectTwo engines

Etihad Airways has signed an agreement with IAE International Aero Engines AG to upgrade the airline’s current and future fleet of 35 V2500 engine-powered Airbus A320 family of aircraft to the V2500 SelectTwo engine standard. The United Arab Emirates flag carrier will purchase 73 V2500 SelectTwo engine upgrade kits, which also makes provision for spare

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Alenia Aermacchi delivers first ATR72-600 TMUA to Turkish Navy

Alenia Aermacchi delivered the first ATR72-600 TMUA (Turkish Maritime Utility Aircraft) to the Turkish Navy, the first of a total order of eight ATR72s, which consist of two TMUAs and six ATR72-600 TMPA (Turkish Maritime Patrol Aircraft) maritime patrol and anti-submarine warfare aircraft. Compared to the ATR72-600 basic platform, the two ATR72 TMUA, modified at

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