IAG’s interest in Aer Lingus, which was first made known in December 2014, has culminated in the EC approving their offer of €1.4bn (US$1.5bn) for the Irish flag carrier. The approval comes just four days after a minority shareholder in the company, Ryanair, accepted an offer from IAG for their 29.8% holding as IAG were …
IAG‘s €1.4bn offer for Aer Lingus receives European Commission approval Read More »
Delta Air Lines reported financial results for the June 2015 quarter, including adjusted net income1 of US$1.0bn up 22% from the June quarter of 2014. Delta’s operating revenue for the June quarter increased 1%, despite US$160m in foreign currency pressures which reduced unit revenues by approximately 2 points. Passenger unit revenues declined 4.6% on a …
Intrepid Aviation announced the selection of Delta Air Lines as the sponsor airline candidate for Skymark Airlines under the Creditors’ Rehabilitation Plan (“Plan”). Intrepid believes this Plan offers the best opportunity to preserve Skymark as Japan’s third-largest independent carrier and is in the best interests of the carrier’s employees, suppliers and creditors. Intrepid has conducted …
Intrepid selects Delta as Skymark sponsor candidate Read More »
Bell Boeing, a strategic alliance between Bell Helicopter and Boeing, was awarded a U.S. Navy contract for five Bell Boeing V-22 Osprey tiltrotor aircraft to be delivered to Japan, marking the first sale of the aircraft through the U.S. government’s foreign military sales program. The contract for the Block C aircraft includes support, training, and …
Bell Boeing announces contract for first V-22 Ospreys to Japan Read More »
Macquarie Infrastructure Corporation (MIC) announced that a performance fee of US$135.6m is payable to its external Manager, Macquarie Infrastructure Management (USA), as a result of outperformance by the Company of its benchmark index over the second quarter of 2015. The fee represents outperformance of MIC’s benchmark of approximately 10.8% during the quarter ended June 30, …
At the end of the second quarter of 2015 Embraers firm order backlog reached US$22.9bn, the highest level in the Company’s history. At the end of the previous quarter, in March 2014, the firm order backlog totaled US$20.4bn. During 2Q15, the Company delivered 27 jets to the commercial aviation market and 33 jets to the …
CMD Flight Solutions’ recent FAA approval for an Automatic Dependent Surveillance-Broadcast (ADS-B) Out Approved Model List (AML) Supplemental Type Certificate (STC) provides aircraft operators with an expanded certification path. The solution includes the installation of Universal Avionics SBAS-Flight Management System (FMS) and Rockwell Collins TDR-94(D) Mode S Transponders. This comes at an opportune time to …
CMD’s AML STC paves way for ADS-B aircraft installations Read More »
Werner Aero Services has acquired a B737NG last operated by Eastar Airlines. The aircraft will enter its disassembly process and all components will be used to support Werner Aero Services’ growing customer base of B737NG operators.
