12 May 2015

Air France-KLM, Delta Airlines, and Alitalia JV receives EU antitrust approval

The joint venture between the three airlines Air France-KLM, Delta Airlines and Alitalia has its origins in the open skies agreement between the EU and USA signed on the 22nd March 2007. Six months later Air France and Delta Airlines formed a JV for close cooperation on all transatlantic hub-to-hub routes, including flights both to […]

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airberlin reports improved operational performance in first quarter 2015

airberlin reported that in the first quarter of 2015, EBIT rose to €-159.9m, or €23m over the same quarter last year (Q1, 2014: €-182.8m). This demonstrates that despite a competitive market environment, the strategic and operational realignment at airberlin had already begun producing some positive effects on earnings at the start of the year. Revenue

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Turkish Airlines takes delivery of 125th Boeing airplane

Boeing and Turkish Airlines celebrated a milestone with the delivery of the airline’s 125th airplane purchased from Boeing – a Next-Generation 737-900ER – and one of 12 airplanes the Turkish flag-carrier will take delivery of this year. Boeing and Turkish Airlines’ relationship stretches back to 1968 when the airline first purchased one McDonnell Douglas DC-9.

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P&W signs agreement to provide Data Management Service for Bombardier CSeries Aircraft's Health Management System

Bombardier has teamed up with Pratt & Whitney to develop and implement a data management service for the CSeries aircraft – part of the overall Bombardier Aircraft Health Management System (AHMS) capable of transmitting real-time and recorded data from the aircraft. The AHMS will facilitate remote troubleshooting and deliver efficient and accurate diagnostics for use

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Air Canada reports record first quarter 2015 adjusted net income of CA$122m

Air Canada reported first quarter adjusted net income of CA$122m compared to an adjusted net loss of CA$132m in the first quarter of 2014, an improvement of CA$254m. EBITDAR (earnings before interest, taxes, depreciation, amortization and aircraft rent) amounted to CA$442m compared to EBITDAR of CA$147m in the same quarter in 2014, an increase of

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Intrepid finances one Airbus A330-300 with Citi

Intrepid Aviation announced the financing of one Airbus A330-300 aircraft. The aircraft was purchased with cash in 2014. Citi provided the long-term financing. Intrepid Aviation is a privately held commercial aircraft lessor, which owns commercial aircraft leased to airline operators worldwide. Intrepid Aviation focuses primarily on twin-engine widebody equipment, such as the Boeing 787, 777

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Air Lease Corporation announces the lease placement of two new Boeing 787-9 aircraft with Hainan Airlines

Air Lease Corporation announced long term lease agreements with Hainan Airlines for two new Boeing 787-9 aircraft, both from ALC’s order book with Boeing. ALC has ordered 46 new Boeing 787-9 and 787-10 aircraft in total for deliveries beginning in spring 2016.

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AvFab receives Chinese approval on Beechjet Divan STC

Aviation Fabricators (AvFab) has received Supplemental Type Certificate (STC) approval in China for the installation of their Beechjet 2-Place and 3-Place Divan. The approval allows for installation of the divans in all Beechjet and Hawker Beechcraft 400 and 400A series aircraft. Both the 2-Place and 3-Place Divan add utility to any Beechjet/Hawker Beechcraft 400 or

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Embraer projects 2,060 new deliveries of 70 to 130-seat jets in North America over the next 20 years

Embraer has released its 20-year Market Outlook for the North American market in which it forecasts 2,060 new jet deliveries in the 70 to 130-seat segment. It represents nearly 35% of the total worldwide demand for aircraft in this particular segment and is valued at US$96bn at list prices. Some 47% of the region’s new

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