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 […]
Indonesia’s Lion Group looks to kill two birds with one stone Read More »
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$
Emirates post half-year net profit of AED2.2bn (US$607m) Read More »
Spirit Airlines has named three new executives to its leadership team. Ted Botimer has been named the Senior Vice President of Network Planning and Revenue Management, Laurie David Villa is the new Vice President and Chief Human Resources Officer, and Eric Netland has been promoted to Vice President of Pricing and Revenue Management.
Spirit Airlines announces new executive appointments Read More »
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.
Airbus A350-900 receives FAA Type Certification Read More »
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
Thales to equip Lion Air's A320 order with avionics package Read More »
FLY’s net income for the third quarter of 2014 were US$15.4m compared to US$0.3m in the same period in 2013.Total revenues increased 33% to US$105.5m. Operating lease rental revenue for the third quarter of 2014 was US$105.1m compared to US$78.4m for the same period in the previous year, an increase of 34%. The increase was
FLY Leasing reports third quarter 2014 results Read More »
Condor Airlines stays on course and continues to grow in its long-haul sector. In summer 2015, another Boeing 767-300ER will enter service with the leisure carrier. This aircraft increases the Condor Boeing 767 fleet to a total of 13 planes of the same type, and will carry the registration code D-ABUS. The aircraft was built
Condor adds another long-haul aircraft in summer 2015 Read More »
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.
Honeywell completes Powerhouse construction for new Airbus assembly complex Read More »
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
Mitsubishi UFJ Lease and Finance to acquire ELFC Read More »
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
