24 July 2014

Bombardier announces new organizational structure

Bombardier announced the implementation of a new organizational structure, comprised of four business segments: Bombardier Transportation, Bombardier Business Aircraft, Bombardier Commercial Aircraft and Bombardier Aerostructures and Engineering Services. Effective immediately, all four business segments will report directly to Pierre Beaudoin, President and Chief Executive Officer, Bombardier Inc. The heads of the business segments remain Lutz […]

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China Airlines selects UTC Aerospace Systems for long-term spare parts agreement

China Airlines has selected UTC Aerospace Systems for a long-term detailed spare parts agreement that includes air management, electric, and engineering systems on select Boeing and Airbus aircraft operated by the airline. As part of the five-year exclusive agreement, UTC Aerospace Systems will provide China Airlines with OEM parts for the Airbus A330 and A340

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American Airlines Group reports highest quarterly profit in company history

For the second quarter 2014, American Airlines Group reported a record GAAP net profit of $864m. This compares to a GAAP net profit of $220m in the second quarter 2013, for AMR Corporation prior to the merger. The Company believes it is more meaningful to compare year-over-year results for American Airlines and US Airways excluding

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United posts second-quarter net income of $919m

United Airlines reported second-quarter 2014 net income of $919m, an increase of 51% year-over-year, excluding $130m of special items. Including special items, UAL reported second-quarter 2014 net income of $789m. Second quarter of 2014, total revenue was $10.3bn, an increase of 3.3% year-over-year. Second-quarter consolidated passenger revenue increased 3.6% to $9.0bn, compared to the same

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JetBlue Airways reported results for the second quarter 2014

JetBlue reported record second quarter operating revenues of $1.5bn. Revenue passenger miles for the second quarter increased 5.7% to 9.6bn on a capacity increase of 6.0%, resulting in a second quarter load factor of 84.6%, a decrease of 0.3 points year over year. Operating expenses for the quarter increased 9.8%, or $119m, over the prior

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EVA Airways to lease six new Boeing 777-300ERs from GECAS

GE Capital Aviation Services (GECAS) has signed an agreement to lease four Boeing 777-300ER aircraft to EVA Airways, following a lease of two B777-300ER aircraft in February 2014. Delivery of the six aircraft is scheduled for 2016 and 2017. The B777-300ERs will modernize EVA’s long-range fleet with high fuel-efficiency, more payload capabilities and additional flexibility

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MTU Aero Engines presents half-year results

In the first six months of 2014, MTU Aero Engines AG achieved a revenue growth of 2% to €1,815.8m (1-6/2013: €1,774.9m). Operating profit remained stable at €170.7m (1-6/2013: €169.7m), with an EBIT margin of 9.4% compared with 9.6% in the first half of 2013. Net income increased by 4% to €111.0m (1-6/2013: €106.7m). The increase

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Western Aircraft opens doors to two new buildings

Western Aircraft, a Greenwich AeroGroup company, added two new buildings totaling 26,000 ft² to its 18-acre leasehold. The new construction includes an expanded parts facility as well as a two-story infill building that houses support shops for Western Aircraft’s services operation. Western Aircraft President Jeff Mihalic said that Western’s business expansion was driven in large

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MD Helicopters announces second MD 500E Helicopter delivery

MD Helicopters, a Lynn Tilton company and leading manufacturer of commercial, air-rescue, military and law enforcement helicopters, held a ceremonial delivery of a new MD 500E helicopter for the Polk County Florida Sheriff’s Office (PCSO). The acceptance took place at the MD Helicopters booth, where the aircraft was displayed at the Airborne Law Enforcement Association

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