12 February 2015

Korean Air orders five 777 Freighters

Boeing and Korean Air finalized an order for five 777 Freighters. The order, valued at more than US$1.5bn at current list prices, will add further efficiency and reliability to Korean Air’s all-Boeing freighter fleet. As one of the world’s largest cargo airlines, Korean Air currently operates an all-Boeing freighter fleet of 26 airplanes that includes […]

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Korean ‘Nutgate’ saga ends with former executive, Heather Cho, jailed for one year

Back on the 5th December last year we reported on the incident where Heather Cho, the daughter of the Chairman of Korean Air, Cho Yang-ho, created more than just a commotion over the incorrect presentation of some peanuts on board her flight. Rather than simply admonishing the member of the cabin staff for the error,

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Luxair sign firm purchase agreement for up to five Q400 NextGen aircraft

LUXAIR Société Luxembourgeoise de Navigation Aérienne S.A. (“Luxair”), the national airline of the Grand Duchy of Luxembourg, signed a firm purchase agreement for three Q400 NextGen aircraft and options on an additional two Q400 NextGen aircraft. Based on the list price of the Q400 NextGen aircraft, the firm order is valued at approximately US$100.3m and

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Alain Bellemare appointed as President and CEO of Bombardier

Bombardier reported that Mr. Laurent Beaudoin is retiring as Chairman of the Board of Directors after more than 50 years at the helm of the Corporation. He will remain on the Board with the honorary title of Chairman Emeritus. Mr. Pierre Beaudoin is appointed Executive Chairman, while Mr. Alain Bellemare becomes President and Chief Executive

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Copa Holdings reports net income of US$35.9m for fourth quarter

Copa Holdings reported net income of US$35.9m for 4Q14 as compared to net income of US$113.2m in 4Q13. Excluding special items, which for 4Q14 includes a non-cash loss of US$89.1m associated with the mark-to-market of fuel hedge contracts, and a US$0.4m loss related to devaluation of the Venezuelan Bolivar, Copa Holdings would have reported adjusted

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APEX Airlines takes delivery of one new ATR 72-600 from Air Lease Corporation

Air Lease Corporation delivered one new ATR 72-600 aircraft to APEX Airlines (Myanmar), a new customer for ALC. This aircraft is from ALC’s order book with ATR. “ALC is pleased to add APEX Airlines as a new customer. This fuel efficient ATR 72-600 will support APEX’s growth in Myanmar’s rapidly expanding commercial aviation industry,” said

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Pratt & Whitney to provide PurePowere engines on MRJ Aircraft for Japan Airlines

Pratt & Whitney PurePower engines will provide exclusive power for 32 Mitsubishi Regional Jets (MRJ) under an agreement announced by Japan Airlines (JAL) and Mitsubishi Aircraft Corporation. PW1200G engines will power the aircraft and Pratt & Whitney will provide fleet management support services for the engines. Pratt & Whitney was previously selected as the exclusive

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Boeing, Transavia sign order for up to 20 Next-Generation 737-800s

Boeing and Transavia Company, a wholly owned subsidiary of the Air France KLM Group, announced an order for 17 Next-Generation 737-800s, including options for three additional airplanes. The order, valued at US$1.6bn at current list prices, was previously booked and attributed to an unidentified customer on the Boeing Orders & Deliveries website. The order will

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Aircelle appoints Vincent Bourguet to head SLCA composites aerostructures Affiliate

Vincent Bourguet has been named the Chief Executive Officer of SLCA, the Aircelle (Safran) affiliate specialized in the design and manufacturing of complex aerostructures – with expertise in composites. Bourguet comes to SLCA from the Sagem company, where he was head of the Airborne Control Units’ Center of Industrial Expertise in manufacturing and supply chain.

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LCI to expand helicopter fleet with further AgustaWestland orders

LCI, the aviation leasing arm of The Libra Group, has committed to expand its helicopter fleet with firm orders for a further 11 AgustaWestland aircraft valued at US$125m (€110m). The new aircraft, which are converted from options held by the helicopter lessor, are made up of a mix of AW139, AW169 and AW189 aircraft. The

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