August 7, 2015

Chinese carriers face severe challenges over African market expansion

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Africa has been a dormant market for the Chinese airline industry since the loss-making China Southern’s Beijing-Dubai-Lagos route was suspended back in 2009 after the airline made a loss of CNY400m (US$64m). However a change in Chinese government policy now sees the implementation of a number of measures to break into the African market. China […]

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Virgin America reports July 2015 operational results

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Virgin America reported its preliminary operational results for July 2015. The airline’s traffic decreased 1.4% on capacity that was 2.1% lower from the same month in 2014. Load factor was 85.6% an increase of 0.6 points from July 2014.

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Aergen acquires four mid-life narrowbody aircraft

Aircraft & Engines, Top Stories / Leave a Comment

Aergen Aviation Finance has acquired four mid-life, narrowbody passenger aircraft on lease to various airlines: Virgin America, Monarch Airlines, TAME, and South African Airways. Aergen is an aircraft leasing company led by Genise, a long-time industry executive, and a management team that has worked together for more than 25 years. The company raised an initial

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Finnair says negotiations on Norra ownership continue

Financial / Leave a Comment

Finnair, Staffpoint Holding (Staffpoint) and G.W. Sohlberg (GWS) have previously indicated an intention to conclude a transaction whereby 60% of the shares in Nordic Regional Airlines AB would be transferred to the ownership of Staffpoint and GWS. As of March 31st, 2015, Finnair has owned 100% of the company during an interim permission by the

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Rolls-Royce and Hispano-Suiza (Safran) create 'Aero Gearbox International'

MRO & Production, Top Stories / Leave a Comment

Rolls-Royce and Hispano-Suiza (Safran) have named their joint venture Aero Gearbox International and announced plans to construct a new production plant in Poland. The news follows the signing of a final agreement, on 24th October 2014, to create a jointly-owned company that will design, develop, produce and support accessory drive trains (ADTs) for all of

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airberlin reports July load factor of 87.3%

Airlines & Routes / Leave a Comment

For the month of July airberlin reported a drop in traffic of 3.7% compared to the previous year, while capacity decreased 6.7%. The load factor for July was up 2.1 points to 87.1%, compared to July 2014.

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Republic Airways reports second quarter 2015 financial results

Financial / Leave a Comment

Republic’s pre-tax income for the second quarter of 2015 was US$9.1m, compared to US$33.3m for the prior year’s second quarter. Republic’s net income for the second quarter of 2015 was US$4.3m compared to prior year net income of US$20.1m. The effective tax rate of 52.7% for the quarter was higher than the normalized tax rate,

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LATAM, the new brand for LAN Airlines and TAM Airlines

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After an extensive integration process following the association of LAN Airlines and TAM Airlines – during which the Group made great advances in achieving synergies for internal processes, network optimization, and fleet restructuring and modernization – LATAM Airlines Group has decided to adopt a single name and identity and announces that the new brand for

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Hawker Pacific acquires Aeromil Pacific

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Hawker Pacific and Aeromil Pacific have entered into a definitive agreement under which Hawker Pacific has acquired Aeromil Pacific for an undisclosed amount. Aeromil Pacific, established in 1980, is one of the largest and most successful privately owned and operated aviation organisations in the region specialising in new Cessna aircraft sales, pre-owned aircraft sales, aircraft

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