Alitalia is looking to acquire a substantial stake in Air Malta, and the two airlines have signed a Memorandum of Understanding (MOU) which will allow the Italian flag carrier to carry out comprehensive due diligence on the Valetta-based airline. Once due diligence has been completed, the two airline boards will convene to decide whether or […]
Alitalia considering stake in Air Malta Read More »
Delta Air Lines has reached an agreement with Airbus to acquire 37 additional A321s as part of its efforts to renew its narrowbody fleet. The fuel-efficient A321s will replace older-generation jets, including the MD-88. The agreement follows an announcement Thursday that Delta would become the U.S. launch customer for Bombardier’s C-Series small narrowbody aircraft. The
Delta orders additional Airbus A321 jets Read More »
In the first quarter of 2016, Embraer delivered 21 commercial and 23 executive (12 light and 11 large) jets, representing an increase of 38% in total deliveries compared to the first quarter 2015. The Company’s firm order backlog ended the quarter at US$21.9bn, compared to US$20.4bn at the end of the first quarter 2015 and
Embraer releases first quarter 2016 results Read More »
China Eastern Airlines has signed a purchase agreement with Airbus for 20 A350-900 aircraft, making the airline the latest customer for the aircraft. China Eastern Airlines operates one of the largest Airbus fleet in the world with nearly 300 Airbus aircraft in service, comprising A320 Family and A330 Family. With this latest order, Airbus has
China Eastern Airlines orders 20 Airbus A350 XWB Read More »
Air Canada reported first quarter 2016 record EBITDA of CAD$460m compared to EBITDAR of CAD$442m in the same quarter in 2015. For the 12 months ended March 31, 2016, Air Canada’s EBITDAR margin was 18.3%. Air Canada recorded adjusted net income of CAD$85m, compared to adjusted net income of CAD$122m in the first quarter of
Air Canada reports first quarter 2016 results Read More »
Pratt & Whitney’s PurePower Geared Turbofan engine will power Bombardier’s largest C Series aircraft order based on an agreement signed by Delta Air Lines for 125 aircraft. The order consists of 75 firm aircraft with options for up to 50 more as well as a 15-year services agreement. Pratt & Whitney’s PurePower Geared Turbofan engine
Boeing is set to deliver a record number of airplanes this year to Turkey’s flag carrier, Turkish Airlines. In total, the carrier will take delivery of six 777-300ERs and 20 Next-Generation 737-800s in 2016. “Turkish Airlines is one of the world’s ascendant airlines and an established global network carrier. It has achieved this through various
Boeing set to deliver record number of airplanes to Turkish Airlines Read More »
Triumph Aviation Services Asia, located in Bangkok, Thailand, has signed a ten-year agreement with PT Batam Teknik, a subsidiary of the Lion Group of Indonesia to provide repair services, tooling, training, Auxillary Power Unit (APU) test cell and certification assistance. Triumph will provide full APU repair and overhaul during the shop build-up phase as well
Triumph Group awarded long term agreement with PT Batam Teknik Read More »
Avolon, the international aircraft leasing company, issued an update for the first quarter of 2016 (‘Q1’). Following its acquisition by Bohai Capital in early January 2016, Avolon’s total owned, managed and committed fleet at 31 March, 2016 was 402 aircraft. Avolon is the core aircraft leasing brand for Bohai Capital and its parent, HNA Group.
Avolon sustains strong performance as fleet increases to over 400 aircraft Read More »
