With the lifting of sanctions on Iran, the strong possibility that already low fuel prices could fall by a further US$5 – US$10 has the potential to see airlines’ profitability increase, though considerable thought will have to be put in place with regard to hedging strategies which tend to vary considerably on either side of […]
While fuel prices fall, airlines focus on staffing costs Read More »
Bombardier Commercial Aircraft’s all-new C Series aircraft program has begun the ramp-up to full production. The final assembly facility is fully equipped and production is progressing according to plan with aircraft in various stages of the build sequence. Additionally, Bombardier also confirmed that the CS100 aircraft that is scheduled to be delivered to first operator
Bombardier’s all-new C Series aircraft program starts ramp-up to full production Read More »
Delta Air Lines reported financial results for the December 2015 quarter, including adjusted pre-tax income of US$1.45bn, a US$430m increase year over year. Adjusted net income was US$926m, up 51% from the December quarter of 2014. Delta’s operating revenue for the December quarter decreased 2%, or US$145m, due to US$160m in foreign currency pressures. Passenger
Delta Air Lines announces December 2015 quarter profit Read More »
Atlas Air Worldwide has entered into a definitive agreement to acquire privately held Southern Air Holdings, a premier provider of intercontinental and domestic air cargo services, in an immediately accretive, all-cash, debt-free transaction valued at approximately US$110m. The transaction is subject to customary closing conditions and approval by the U.S. Department of Transportation, and is
Atlas Air Worldwide to acquire Southern Air Read More »
Jet Aviation Vienna received authorization from the European Aviation Safety Agency (EASA) to provide line maintenance to series of GV-SP aircraft which includes the Gulfstream G550. With this approval, Jet Aviation Vienna is now authorized to provide line maintenance to Gulfstream GV-SP aircraft, which includes the G550. The company also provides line and base maintenance
Jet Aviation Vienna receives EASA approval for Gulfstream GV-SP Series aircraft Read More »
The lease agreement for a Boeing 777-300ER owned by the fund Doric Flugzeugfonds 5 has been extended earlier than contractually agreed. The lease with Emirates had an initial term of ten years and is now to run until 2021. The aircraft with the manufacturer‘s serial number 35592 was delivered to Emirates in June 2009. By
Doric Aircraft Fund extends lease agreement Read More »
ST Engineering’s aerospace arm secured new contracts worth US$415m in the fourth quarter of 2015, for projects ranging from airframe maintenance and cabin interiors reconfiguration, to engine wash and landing gear overhaul. The total contract value includes the recently announced cabin reconfiguration contract awarded by Air Canada, the landing gear maintenance contract from Scandinavian Airlines
ST Engineering’s aerospace arm secures US$415m worth of new contracts in 4Q2015 Read More »
