23 October 2014

14% 3Q drop in net profit for Norway’s budget carrier Norwegian Air Shuttle

Despite making a net profit of NOK373.8m ($57m) for the third quarter, Budget carrier Norwegian Air Shuttle’s figure was down 14% compared to the NOK435.9m ($66 million) reported for the same period in 2013. Additionally, the net loss for the nine months up to and including 30th September was NOK91.4m ($14m), considerably down on the […]

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Safran posts 6.8% revenue growth in third quarter 2014

Safran reported third-quarter 2014 adjusted revenue was €3,589m, up 6.8% on a reported basis, up 6.3% on an organic basis, compared to third quarter 2013. Aerospace Propulsion activities continue to benefit from services growth, notably civil aftermarket. Aircraft Equipment growth is principally driven by continuing OE momentum. Revenue declined slightly in Defence activities and grew

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SF Airlines places order for Boeing Converted Freighters

SF Airlines placed an order for an undisclosed number of 767-300ER passenger-to-freighter conversions (Boeing Converted Freighters). SF Airlines, a subsidiary of Shenzhen, China-based delivery services company SF Express, will accept its first redelivered 767 in the second half of 2015. The 767 Boeing Converted Freighter offers an intercontinental range capability well-suited to the mid-sized freighter

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Kunming Airlines signs commitment for 10 Boeing 737s

Kunming Airlines, based at Changshui International Airport in the capital city of Yunnan province, has committed to purchase 10 737s, including four Next-Generation 737-700s and six 737 MAX airplanes. The commitment, valued at $897m at current list prices, is subject to the approval of the Chinese government and will be posted on Boeing’s Orders &

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Common Type Rating approved for A350 XWB and A330 pilot training

Airlines and pilots will both benefit from the Common Type Rating pilot training on the A350 XWB and A330 jetliners, further extending Airbus’ concept of flight operational commonality between its fly-by-wire aircraft families.The new regulatory approval means that pilots who are qualified and current on the A330 can already commence their preparations to take the

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Atlas Air Worldwide places two additional Boeing 747 Freighters in ACMI Service for DHL Express

Atlas Air Worldwide Holdings announced the placement of two incremental Boeing 747 freighters into ACMI service. The two aircraft, a 747-8F and a 747-400F, will be operated in Polar Air Cargo Worldwide’s express network under an ACMI arrangement for the benefit of DHL Express, the world’s leading international express shipping company, and Polar’s other customers.

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Etihad Airways selects SAP as strategic technology partner for business transformation

Etihad Airways selected SAP SE (SAP) as a strategic technology partner to deploy a range of key software solutions to deliver the latest best-in-class technology to the Etihad Aviation Group. The airline plans to deploy the enterprise resource planning application SAP ERP together with a range of cloud-based products across its vital business functions, including

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United Airlines announces 3rd-quarter net profit increase of 99%

United Airlines reported third-quarter 2014 net income of $1.1bn, excluding $151m of special items, its highest-ever quarterly profit and an increase of 99% year-over-year. Including special items, UAL reported third-quarter 2014 net income of $924m. UAL ended the third quarter with $6.9bn in unrestricted liquidity.

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Southwest Airlines reports third quarter profit of $382m

Southwest Airlines reported third quarter net income, excluding special items, of $382m, compared to third quarter 2013 net income, excluding special items, of $241m. This represented a 61.8% increase from third quarter 2013, and exceeded the First Call consensus estimate of $.53 per diluted share. Third quarter net income of $329m, which included $53m (net)

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