Bristol Associates (Washington, DC), on behalf of the owner BLF (Bermuda), has completed the sale of five ex-UTAir Ukraine 2012 vintage ATR72-500’s (MSN’s 994, 1000, 1029, 1036 and 1037) to ABRIC Leasing (Ireland).
Bristol Associates complete sale of five ex-UTAir Ukraine 2012 vintage ATR72-500's Read More »
Even the most optimistic projections for airline profitability in 2014 seem to be exceeded as the price of crude oil continues to fall. This year oil futures figures have virtually halved and the price of a barrel of crude oil dropped below US$50.00 this week. In June it was projected that globally, airlines would make
Falling oil prices means good news for all but Russian airline profitability Read More »
From next year the Lufthansa Group will be fuelling their aircraft at Oslo airport with a biokerosene mixture. The Group recently became the first airline group to sign this kind of contract with the Norwegian oil company Statoil Aviation. The Company is thus pushing forward along the path of research, testing and use of alternative
Lufthansa Group aircraft fly from Oslo on biokerosene Read More »
AerCap Holdings has signed an agreement with China Southern, the largest airline in both Asia and The People’s Republic of China, for the lease of twenty-four Airbus A320neo family aircraft from its order book. The A320/A321neos will be delivered to China Southern between 2016 and 2019 and equipped with PW1100G-JM engines from Pratt & Whitney.
AerCap leases twenty-four A320neos to China Southern Read More »
PCX Aerostructures acquired Cam-Tech Manufacturing on December 23rd, 2014. Based in Mansfield, Texas, Cam-Tech will operate as a wholly owned subsidiary of PCX. Roger Hagger, Cam-Tech’s Vice President, will continue in this role in partnership with Alan Haase, President & CEO of PCX. With headquarters in Newington, CT, PCX Aerostructures is a world class supplier
PCX Aerostructures announces add-on acquisition of Cam-Tech Manufacturing Read More »
International Aerospace Coatings (IAC), reported that Niall Cunningham, founder and CEO of Eirtech Aviation, has also been appointed CEO of International Aerospace Coatings, which was established earlier this year following a merger between three leading aviation service providers in the US and Europe. International Aerospace Coatings comprises Leading Edge Aviation Services; Associated Painters and Eirtech
Niall Cunningham to head up International Aerospace Coatings Read More »
Triumph Group closed the previously announced agreement with Spirit AeroSystems to take over production of the Gulfstream G650 and G280 wing programs located in Tulsa, Oklahoma, effective December 30th, 2014. The business will operate as Triumph Aerostructures-Vought Aircraft Division-Tulsa and will be included in the Aerostructures Group segment. Under the terms of the agreement, Triumph
Delta reported December 2014 traffic increased 2.1% compared to the same period in 2013, while capacity increased 4% year over year. The load factor for December was up 1.5 points to 85.2%.
Delta reports operating performance for December 2014 Read More »
GE Aviation’s Passport Integrated Propulsion System for Bombardier’s new Global 7000 and Global 8000 business jets began flight-testing on GE Aviation’s 747-100 flying test-bed. On December 30th, 2014, a single Passport engine successfully demonstrated aircraft systems and instrumentation functionality. Flight-testing will continue through January prior to expected FAA certification in 2015. To date, the Passport
GP7200 engines have entered revenue service with Etihad Airways’ first EA-powered A380. The airline operated its first revenue flights on December 27th, 2014 between Abu Dhabi International Airport and London Heathrow Airport. The EA-powered A380 entered service in August 2008. Currently 82 EA-powered A380s are in operation around the globe: 57 with Emirates, ten with
Engine Alliance enters revenue service with Etihad Airways Read More »
