Boeing has announced that it is considering reducing its production numbers of the 777 model. Currently they are producing 8.3 aircraft a month and a proposed reduction will reduce this down to 7 planes a month. The 777 is a strategic source of cash and one of Boeing’s most profitable planes as it currently has […]
Boeing examining effects of potential reduction in 777 output Read More »
Safran reported that third-quarter 2015 adjusted revenue was €4,141m, up 15.4% year-on-year at an average EUR/USD rate in Q3 2015 of 1.11. On an organic basis, growth was 4.6%, driven notably by an increase of civil aftermarket revenue (up 18.5% in USD). The full-year 2015 outlook is confirmed for adjusted revenue growth, adjusted recurring operating
Safran reports strong revenue growth in third quarter 2015 Read More »
Rolls-Royce has reached an agreement worth US$2.4bn for engines and services with HNA Group. HNA Group is a conglomerate with interests in aviation, financial services, tourism and hospitality, logistics, real estate and retail. HNA Aviation currently operates and manages, amongst others, Hainan Airlines, Tianjin Airlines and Capital Airlines, flies to over 250 cities and serves
Rolls-Royce signs US$2.4bn engine agreement with HNA Group Read More »
Boeing and Norwegian have finalized an order for 19 787-9 Dreamliners valued at more than US$5bn at current list prices. The order also includes options for 10 more 787-9s, as the carrier looks to significantly grow its existing long-haul fleet into the next decade. It is the largest single order for 787-9s from a European
Norwegian finalize order for 19 787-9 Dreamliners Read More »
Norsk Titanium AS (NTi), a global 3D-printing technology leader, has signed a memorandum of understanding with lightweight metals Alcoa to launch a joint technology and industrial cooperation program. Through the program, the companies will identify and explore cooperation projects to leverage each other’s advanced manufacturing expertise and strong commercial capabilities focused on serving the fast-growing
Norsk Titanium and Alcoa launch joint 3D-printing technology Read More »
UAL reported third-quarter net income of US$1.7bn, excluding special items. Including special items, UAL reported third-quarter net income of US$4.8bn. These results include a nonrecurring US$3.2bn non-cash gain associated with the reversal of the company’s income tax valuation allowance. For the third quarter of 2015 United reported revenue of US$10.3bn, a decrease of 2.4% year-over-year.
United Airlines posts third quarter net income of US$1.7bn excluding special items Read More »
In line with the letter of intent signed in June 2015, SAS and Widerøe have agreed to transfer the operations at all of SAS Ground Handling’s line stations in Norway to Widerøe Ground Handling (Widerøe). SAS Ground Handling’s operations at 14 line stations in Norway will be transferred to Widerøe on February 1. The transfer
SAS transfers operations at line stations in Norway to Widerøe Read More »
Kaman Corporation reported that its Aerospace segment has acquired Timken Alcor Aerospace Technologies (TAAT) of Mesa, Arizona. TAAT, which will be renamed “EXTEX Engineered Products, Inc.,” designs and supplies aftermarket parts to support businesses conducting maintenance, repair, and overhauls (MROs) in aerospace markets primarily located in North America. Kaman Corporation, Executive Vice President and Chief
Kaman acquires Timken Alcor Aerospace Technologies Read More »
WestJet’s first Boeing 767-300 extended-range aircraft performed its inaugural flight on Thursday October 22nd, departing Toronto Pearson International Airport. Featuring a new teal and blue maple leaf-themed logo, which will eventually appear on all WestJet aircraft, the airline’s 767-300s seat 262 guests and have a range of approximately 11 hours. The aircraft will include a
WestJet's first wide-body aircraft takes to the sky Read More »
Modern Logistics has chosen AJW Aviation and AJW Leasing to provide full power-by-the-hour services for its B737-400 freighters and augment dispatch reliability as the fleet expands to fifteen aircraft by 2017. The multi-year contract recognises the reputation that AJW has forged in the Brazilian marketplace and the Company’s willingness to be flexible and support start-up
