July 20, 2016

Expressions of interest sought for equity stake in privatization of SriLankan Airlines

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Subsequent to the Sri Lankan government’s announcement in March this year that the nation’s flagship carrier and oneworld member, SriLankan Airlines will be unable to repay debts which have amounted to in excess of US$1 billion, it has now invited expressions of interest in the privatization of both SriLankan Airlines and its low-cost subsidiary, Mihin […]

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Lufthansa, Honeywell and Airbus to jointly develope runway safety solution

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Lufthansa Group, Honeywell Aerospace and Airbus have signed a Memorandum of Understanding (MOU) to work jointly on the development of a runway safety solution combining Airbus’ Runway Overrun Prevention System (ROPS) and Honeywell’s SmartLanding technologies for Lufthansa Group’s fleet. This cooperation aims to set the highest standard in runway safety by combining the strengths of

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West Star Aviation announces renewal of Mexico's Dirección General de Aeronáutica Civil certificate

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West Star Aviation reported that Mexico’s Dirección General de Aeronáutica Civil has renewed East Alton’s (ALN) certificate through 2018. The certificate allows West Star to offer full service to Mexican registered aircraft (XA, XB, and XC). West Star first received their certification from Mexico’s DGAC in 2014. This renewal is exclusive to their ALN facility,

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Air Astana records first half US$6.6m loss

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Air Astana has recorded a net loss of US$6.6m and an operating profit of US$0.975m, for the first half of 2016. Operating revenue fell by 30% to US$275m, driven by a signification devaluation of the Kazakh Tenge in comparison with the first half of 2015, and by weaker regional travel markets in the wake of

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Eirtech Aviation ‘Passenger USB Power System’ selected by Privilege Style for B757 and B767 aircraft

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The Eirtech Aviation In-Seat Passenger Power System has been selected by Spanish operator, Privilege Style for installation on their B757 and B767 aircraft. The USB charging system allows passengers to charge their smartphones, tablets and other portable electronic devices device during flights. Eirtech Aviation developed the innovative power solution in response to the increasing use

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EDM's B777 Door Trainer for All Nippon Airways passes Factory Acceptance Test

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EDM, a global provider of training simulators to the civil aviation and defence sectors, reported that the B777 Door Trainer it has manufactured for All Nippon Airways (ANA) passed its Factory Acceptance Test (FAT) earlier this month. Built and designed at EDM’s 100,000 ft² facility in Manchester in the UK, the B777 Door Trainer will

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Hawker Pacific announces successful integration of Aeromil Pacific

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Hawker Pacific reported the successful integration of Aeromil Pacific into the Hawker Pacific Group of companies. Since acquiring Aeromil Pacific in August 2015, the company has been focusing on a smooth transition integrating Aeromil Pacific operations into the Hawker Pacific Group and from July 25th onwards will be operating under Hawker Pacific. The acquisition rounds

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Wizz Air reports first quarter 2017 net income of €50.7m, up 54%

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Wizz Air Holdings, the largest low-cost airline in Central and Eastern Europe, issued an unaudited interim management statement for the three months to June 30th, 2016 (first quarter, Q1, F2017). Total revenue increased 9.8% in Q1 to €364.9m and reported net profit was €50.7m in Q1, a year on year increase of 54.2%. Underlying net

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United Airlines reports second-quarter 2016 performance

Financial / Leave a Comment

For the second quarter of 2016, United Airlines reported total revenue was US$9.4bn, a decrease of 5.2% year-over-year. Second-quarter 2016 consolidated passenger revenue per available seat mile (PRASM) decreased 6.6% and consolidated yield decreased 6.1% compared to the second quarter of 2015. The decline in PRASM continues to be driven by factors including a strong

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Expressions of interest sought for equity stake in privatization of SriLankan Airlines

Lufthansa, Honeywell and Airbus to jointly develope runway safety solution

West Star Aviation announces renewal of Mexico's Dirección General de Aeronáutica Civil certificate

Air Astana records first half US$6.6m loss

Eirtech Aviation ‘Passenger USB Power System’ selected by Privilege Style for B757 and B767 aircraft

EDM's B777 Door Trainer for All Nippon Airways passes Factory Acceptance Test

Hawker Pacific announces successful integration of Aeromil Pacific

Wizz Air reports first quarter 2017 net income of €50.7m, up 54%

United Airlines reports second-quarter 2016 performance

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20 July 2016

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