29 January 2015

Gogo Vision now installed on more than 1700 commercial aircraft

Gogo’s  wireless in-flight entertainment product – Gogo Vision – is now installed on more than 1,700 commercial aircraft across six major airlines the company reported and continues to roll out in the business aviation market. Today, more than half of the aircraft flying around the world with wireless in-flight entertainment are equipped with the Gogo […]

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After months of struggling, Skymark Airlines eventually files for bankruptcy protection

It was on the 29th July 2014 that alarm bells started to ring for the future of Japan’s Skymark Airlines Inc. when it announced it was struggling over negotiations with Airbus SAS over their order for six A380 jets. The order had been signed in 2011 at a cost of 191.6bn Yen (US$1.88bn) and Skymark

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GE Aviation announces more jobs and additional investment in Lafayette

GE Aviation reported plans for additional investment at the site of its new engine assembly facility in Lafayette, Indiana. The additional US$15M investment in machinery and equipment will allow for maintenance, repair and overhaul capability for the new LEAP engine of CFM International, a 50/50 joint company of GE and Snecma (Safran) of France. GE

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Airbus Defence and Space announces management and organisational changes in Military Aircraft, A400M business segment

Airbus Defence and Space released that Fernando Alonso has been named as Head of  its Military Aircraft business unit as per 1st of March. Bernhard Gerwert, CEO of Airbus Defence and Space, will act as interim Head of Military Aircraft until this date. Fernando Alonso replaces Domingo Ureña-Raso, who has resigned from his position. Further

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Finnish competition authority approves Flybe Nordic transaction

The Finnish Competition and Consumer Authority has approved the transaction in which Flybe Uk’s 60% ownership of Flybe Nordic venture will be transferred to StaffPoint Holding and G.W. Sohlberg (GWS). The letter of intent on this transaction was announced on January 7th 2015. Upon completion of the sale, StaffPoint’s ownership in the joint venture will

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JetBlue posts 4th quarter 2014 net income of US$88m

JetBlue reported operating income of US$169m in the fourth quarter. This compares to operating income of US$115m in the fourth quarter of 2013. For the full year 2014, JetBlue reported operating income of US$515m. This compares to operating income of US$428m in 2013. Pre-tax income of US$140m in the fourth quarter. This compares to pre-tax

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B/E Aerospace reports full year and 2014 financial results

B/E Aerospace reported 2014 revenues of US$2.6bn increased 18.0% as compared with the prior year.  Adjusted operating earnings were US$466.4m, an increase of 19.8% and adjusted operating margin of 17.9% increased 20 basis points as compared with the prior year. On a GAAP basis, operating earnings were US$384.0m. 2014 adjusted EBITDA of US$571.1m increased 21.1%

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Kaman awarded long term agreement by Boeing for KC-46A Tanker Fixed Trailing Edge kits

Kaman Corporation announced that its Aerosystems division (Kaman) has been awarded a multi-year contract for the production of the fixed trailing edge (FTE) kits and assemblies for the Boeing KC-46A Tanker Program. Kaman delivered its first KC-46A Tanker FTE kit to Boeing in March 2014. To date Kaman has provided more than 1,000 FTE kits

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