28 October 2014

United Technical Operations' VP Joe Ferreira to retire

United Technical Operations reported that Joe Ferreira is retiring after 29 years as a leader in aircraft maintenance and technical operations. EWR Hub VP Don Wright will return to Tech Ops to assume Joe’s responsibilities as Vice President of Maintenance. A 26‐year veteran of the company, Don previously was Managing Director of technical operations, responsible […]

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Scandinavian Airlines System completes A330-300 sale lease back with Aviator Capital

Scandinavian flag-carrier SAS completed a sale and lease back transaction for one 2002 vintage A330-300 aircraft (s/n497) operated by SAS since new, with Florida-based Aviator Capital. In Q1 2015 the aircraft will undergo a front-to-back cabin modification at SR Technics as part of SAS’ make-over of its entire A330/340 wide body fleet. This is the

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Monarch's new future with Greybull Capital LLP

THE BOARD of Monarch Holdings Limited, one of the UK’s leading independent leisure travel groups, reported the completion of its strategic review and restructuring programme under which it has secured £125m of permanent capital and liquidity facilities provided by Greybull Capital LLP (“Greybull”) anchored a £50m capital commitment, with contributions from the Group’s prior shareholders,

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KLM set to shed 7,500 jobs two weeks after revealing September’s Air France-KLM pilot’s strike cost the parent airline approximately €500 million

It would have been naïve, if not foolish, not to imagine that there would have been some form of repercussion after the Air France-KLM two-week pilots’ strike in September. Two weeks ago it was announced that the overall cost of the strike was in the region of €500 million, with direct loss of ticket sales

KLM set to shed 7,500 jobs two weeks after revealing September’s Air France-KLM pilot’s strike cost the parent airline approximately €500 million Read More »

Snecma and Max Aerospace create joint venture in India

Snecma (Safran) and Max Aerospace signed an agreement on October 21st, 2014 in Delhi, India to create a joint venture called Max Aero Engines Private Limited (MAEPL), which will offer military aircraft engine maintenance, repair and overhaul (MRO) services in India. MAEPL will provide complete engine support solutions, in particular shop-level maintenance and flight line

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IATA launches Aviation Cyber Security Toolkit

The International Air Transport Association (IATA) launched its Aviation Cyber Security Toolkit which helps the air transport industry, including airlines, airports and air traffic management, to identify, assess and mitigate, among others, cyber risks in IT infrastructure across their operations. “The aviation industry depends on essential IT infrastructure functioning reliably. While the industry has put

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Spirit Airlines announces record third quarter 2014 results

For the third quarter 2014, Spirit’s adjusted net income increased 27.6% to $73.9m compared to $57.9m for the third quarter 20131. GAAP net income for the third quarter 2014 was $67.0m compared to $61.10m in the third quarter 2013. For the third quarter 2014, Spirit delivered a record adjusted pre-tax margin of 21.3% compared to

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AMAC Aerospace completes first in-house designed refurbishment project

AMAC Aerospace, a leading provider of corporate aviation maintenance and completion services has completed its first interior refurbishment project wholly designed by its own professional in-house design team. The project entailed refurbishing the existing cabin configuration of a Bombardier Global Express. The refurbishment project, which was undertaken at AMAC’s state-of-the-art headquarters at EuroAirport Basel-Mulhouse-Freiburg, involved

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