13 November 2014

Indonesia’s Lion Group looks to kill two birds with one stone

One is left wondering if this type of scenario isn’t an airline’s worst nightmare. You are at the heart for the world’s fifth largest domestic air travel market, located in the fourth most populous country in the world, and you have 500 planes on order over the next ten years. What could possibly be wrong […]

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Emirates post half-year net profit of AED2.2bn (US$607m)

The Emirates Group announced its half-yearly results which show steady performance and growth, despite a challenging business environment marked by ongoing health pandemic concerns, regional conflicts, and weakening global markets. The Emirates Group revenues reached AED 47.5bn (US$ 12.9bn) for the first six months of its 2014-15 fiscal year, up 12% from AED 42.3bn (US$

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Airbus A350-900 receives FAA Type Certification

The world’s latest generation commercial airliner, the A350-900, received Type Certification on November 12th from the US Federal Aviation Administration (FAA) at FAA headquarters in Washington D.C. The certified aircraft is powered by Rolls-Royce Trent XWB engines. This milestone follows the A350-900 Type Certification awarded by the European Aviation Safety Agency (EASA) on September 30th.

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Thales to equip Lion Air's A320 order with avionics package

Thales will equip its avionics package on all 234 new Airbus A320 fleet purchased by Lion Air. This represents the largest order for Airbus single-aisle aircraft ever placed by Lion Air. Lion Air, who already equips their entire ATR fleet with Thales systems, is Indonesia’s largest private airline and one of the fastest growing carriers

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Honeywell completes Powerhouse construction for new Airbus assembly complex

Honeywell unveiled the recently completed powerhouse for Airbus’ A320 Final Assembly Line in Mobile, Ala., the aviation company’s inaugural manufacturing operation in the United States. The new building houses the technology and personnel needed to provide utilities for the entire campus — electricity, heating and cooling, chilled and drinking water, compressed air and sewage handling.

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Mitsubishi UFJ Lease and Finance to acquire ELFC

Engine Lease Finance Corporation (ELFC) has been acquired by Mitsubishi UFJ Lease and Finance Co.(MUL). ELFC’s President and CEO, Jon Sharp, states, “We are very excited by this move to MUL. MUL is one of Japan’s largest leasing companies and is renowned for its innovative approach to asset finance and for aggressively expanding its global

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DVB Bank publishes nine-month results for 2014 with consolidated net income before taxes of €72.6m

DVB Bank SE continued to provide financing solutions and advisory services to its clients in the international transport sector during the first nine months of 2014, but results fell short of the previous year: consolidated net income before taxes was down 24.5%, to €72.6m (9m 2013: €96.2m). The strong fluctuation in net income from financial

DVB Bank publishes nine-month results for 2014 with consolidated net income before taxes of €72.6m Read More »

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