Currently VAT (sales tax) is levied at the rate of 20% in the UK. At airports where there is a ‘duty free zone’ the majority but not all retailers pass on a 20% reduction in price to the consumer if they are travelling outside the European Union (EU) according to revelations in a major UK […]
Airport retailers requested to pass on tax savings to customers Read More »
Waypoint Leasing, an independent global helicopter leasing company, announced the opening of its Latin American office in January 2016, which will be headed by Waypoint Leasing executive, Steffen Bay. Waypoint Leasing’s Latin American office, which will be located in Rio de Janeiro, will further bolster the firm’s presence across the region, where the company has
Waypoint Leasing opens Latin American office, expanding global reach Read More »
Air Canada reported second quarter adjusted net income of C$250m compared to adjusted net income of C$139m in the second quarter of 2014, an improvement of C$111m or approximately 80%. EBITDAR (earnings before interest, taxes, depreciation, amortization and aircraft rent) amounted to C$591m compared to EBITDAR of C$45m in the same quarter in 2014, an
Air Canada reports record quarterly profit Read More »
Copa Holdings, S.A. released preliminary passenger traffic statistics for July 2015, with a 2.4% increase in traffic compared to July 2014 and a 5% increase in capacity. The load factor for July 2015 dropped 2.0 points to 78.1% compared to the previous year.
Copa Holdings reports improved July traffic Read More »
PEMCO World Air Services has appointed William Huntley as Senior Manager of Regulatory Compliance and Safety. Bringing 30 years of aviation experience, Huntley is responsible for enhancing PEMCO’s quality systems in order to maintain a high level of operations safety and improve customer and employee satisfaction. He joins PEMCO with a multitude of both commercial
PEMCO World Air Service appoints new Senior Manager of Regulatory Compliance and Safety Read More »
The Brazilian Civil Aviation Agency (Agência Nacional de Aviação Civil – ANAC) granted type certification for the Legacy 450 mid-light executive jet during a ceremony at the Latin American Business Aviation Conference and Exhibition (LABACE) in São Paulo, Brazil. The certification campaign comprised two prototype aircraft, the first with flight test instruments and the second
Embraer’s Legacy 450 executive jet awarded Brazilian certification Read More »
Reliance Aircraft International, Austin, TX purchased ex-UNITED A/L 757-200 (24763) for disassembly. Terry Hix, President states “This will add to RAI’s diverse inventory of both Boeing and Airbus aircraft allowing us to support a wide spectrum of the commercial aftermarket all while providing immediate hands on customer service”. RAI is located in the heart of
Reliance Aircraft International purchases ex-United A/L 757-200 for disassembly Read More »
Rolls-Royce has been selected by International Airlines Group to provide Trent XWB engines for eight Airbus A350-900 aircraft. The aircraft will be operated by Iberia and are in addition to eight Trent XWB-powered A350-900s ordered by IAG for Iberia in August last year. Iberia already operates 17 Trent 500 powered A340-600 aircraft and today’s announcement
Rolls-Royce Trent XWB engines selected by International Airlines Group Read More »
Airbus sees an important potential market for its new ACJneo Family in Latin America, which is home to large numbers of billionaires, as well as many large companies and governments. The number of billionaires in Latin America is forecast to grow to 580 by 2017, an increase from 450 in 2012. The figures include 240
Airbus sees market for ACJneo Family in Latin America Read More »
