For the fiscal year ended March 31st, 2014, Triumph Group reported that net sales totaled $3.763bn, a 2% increase from fiscal year 2013 net sales of $3.703bn. Organic sales for the fiscal year decreased 6%. Net income for fiscal year 2014 was $206.3m, versus $297.3m for fiscal year 2013. The fiscal year’s results included approximately […]
Triumph Group reports fiscal year 2014 net income of $206.3m Read More »
Singapore Technologies Engineering released that with effect from July 1st, 2014, Mr Chang Cheow Teck will step down from his position as President of ST Aerospace, to pursue personal commitments. Mr Tan Pheng Hock, the Group’s President and CEO, will oversee the business of ST Aerospace until a successor is appointed. To facilitate a smooth
ST Engineering announces management change at ST Aerospace Read More »
The static strength test aircraft of Mitsubishi Regional Jet (MRJ) was transferred from the final-assembly factory (Komaki South Plant of MHI’s Nagoya Aerospace Systems Works located in Aichi Prefecture) to the strength test station to start preparations for the static strength test. The test will start this summer 2014, after preparations have been completed. The
MRJ's static strength test aircraft transferred to strength test station Read More »
Bombardier Aerospace announced the achievement of key product development milestones on the Global 7000 and Global 8000 aircraft program, with the start of production and assembly of major structures for the first Flight Test Vehicle (FTV1) of the Global 7000 and Global 8000 aircraft program. Structural and system suppliers, as well as various Bombardier Aerospace
SkyWest Inc., the holding company for SkyWest Airlines and ExpressJet Airlines announced the promotion of Russell “Chip” Childs to President, effective May 12th, 2014. Mr. Childs has been serving as President and Chief Operating Officer of SkyWest Airlines. In his new role at SkyWest Inc., Mr. Childs will oversee all activities of the holding company,
Russell Childs appointed new President of SkyWest Read More »
Gogo reported record first quarter revenue of $95.7m, up 35% year-over-year. Adjusted EBITDA for Q1 2014 was $5.3m, up 87% from $2.9m in Q1 2013, driven by strong growth in CA-NA and BA segment profit, offset in part by increased segment loss in CA-ROW due to increased investment in it’s international expansion. Net loss attributable
Gogo announces first quarter 2014 results Read More »
Air Lease Corporation reported its owned aircraft fleet has reached 200 aircraft. The milestone was achieved when Air Lease simultaneously delivered three new aircraft to three different lessees in three international cities on the same day. On Friday, May 9th, a new Boeing 737-800 was delivered to MIAT Mongolian Airlines in Seattle, Washington; a new
Air Lease Corporation’s fleet reaches 200 aircraft milestone Read More »
Frontier Airlines reported the appointment of James Dempsey as Chief Financial Officer. Dempsey brings more than 17 years of experience in aviation finance. Dempsey most recently served as Treasurer for Ryanair, one of Europe’s leading ultra-low cost carrier. In this role, Dempsey played a critical part in financing the airlines growth, managing fuel costs and
Frontier Airlines appoints Jimmy Dempsey as Chief Financial Officer Read More »
Embraer and Boeing have signed a Memorandum of Understanding (MoU) for creating a joint biofuels research center for the purpose of developing and maturing the knowledge and technologies that make it possible to establish a sustainable biofuels chain for aviation. The Center shall be installed in the Technological Park of São José dos Campos. The
BOC Aviation announced that Iberia, the Spanish carrier, has taken delivery of all 12 Airbus aircraft, comprising eight new A330-300 and four new A320 aircraft. All 12 aircraft were delivered to Iberia between February 2013 and April 2014.
BOC Aviation completes delivery of Airbus aircraft orders to Iberia Read More »
