As a consequence of Rolls-Royce setting about a major restructuring of the Company, the current aerospace president, Tony Wood, who has been with Rolls Royce for 15 years, will be leaving, though who has agreed to stay on into 2016 to help with the transition. From the 1st January, Rolls-Royce’s principal activities will be consolidated […]
Rolls-Royce to lose Tony Wood during 2016 restructuring Read More »
In November 2010, the European Commission decided to fine SAS Cargo and the SAS Group alongside 11 other airlines, for participation in a global cartel in the air cargo sector. SAS was fined €70.2m, but appealed the decision in January 2011 to the European Court of first instance, the General Court. On December 16th, nearly
EU General Court annulles European Commission decision Read More »
Zetta Jet has purchased a Global 6000 ultra-long-range aircraft with options for four additional Global 6000 business jets. If all options are exercised, the transactions are valued at approximately US$318m, based on 2015 list prices for standard-equipped aircraft. The aircraft will operate out of the company’s Asian hub in Singapore and will join Zetta Jet’s
Zetta Jet expands fleet with purchase of one Global 6000 Business Jet Read More »
Amman, Jordan-based Arab Wings, and its joint venture partner Iraq Gate of Arasat, Baghdad, are new CRJ Series aircraft owners and operators. Iraq Gate commenced service in March 2015 with its first CRJ200 aircraft, adding two more in recent months. Iraq Gate will initially operate the aircraft, which were acquired by Arab Wings from a
Bombardier welcomes Arab Wings and Iraq Gate to Family of CRJ Series aircraft customers Read More »
Boeing has elected Heidi B. Capozzi, a corporate senior vice president, and named her to replace Tony Parasida as the company’s human resources leader effective March 1st, 2016. Parasida, senior vice president of Human Resources and Administration, has announced his intent to retire this spring after a 38-year Boeing career.
Boeing names new Human Resources leader Read More »
EVA Air (Taiwan) and Air Lease Corporation (ALC) signed long term lease agreements for four new B787-9s and two new B787-10s. These aircraft are from ALC’s Dreamliner order book with Boeing and will deliver from mid-2018 through early 2020. These placements will bring the number of new Boeing widebody aircraft that EVA Air will lease
EVA Air signs lease agreements for four new B787-9s and two B787-10s with ALC Read More »
Air Lease Corporation signed a long term lease agreement with Far Eastern Air Transport (FEAT), an international airline based in Taipei, Taiwan, for one Boeing 737-800. The aircraft is presently on lease to a European carrier since early 2012 and will deliver to FEAT in June 2016. This is ALC’s second 737 lease placement with
HEICO CORPORATION reported that net income increased 19% to US$38.3m in the fourth quarter of fiscal 2015, up from US$32.1m in the fourth quarter of fiscal 2014. Net income in the fourth quarter of fiscal 2014 includes a benefit of approximately US$1.7m, from a net reduction in accrued contingent consideration and impairment losses related to
HEICO Corporation reports record net income for fourth quarter of fiscal 2015 Read More »
Craig Landry, currently Vice President, Marketing at Air Canada, has been appointed President of the Air Canada Leisure Group. In his new position, Mr. Landry will be responsible for the integrated leisure group, which consists of the Air Canada Vacations tour operator business and the leisure airline Air Canada rouge.
Air Canada names Craig Landry President of Air Canada leisure group Read More »
N3 Engine Overhaul Services (N3), the joint enterprise of Lufthansa Technik AG and Rolls-Royce plc. for servicing and repairing large aircraft engines, will begin overhauling the latest Rolls-Royce engine, the Trent XWB, which powers the Airbus A350 XWB, from autumn 2016. Parent companies Lufthansa Technik and Rolls-Royce reached this agreement based on Deutsche Lufthansa AG’s
N3 Engine Overhaul Services starts to overhaul A350 XWB engines in 2016 Read More »
