FLY Leasing reported the purchase of five aircraft. Three Boeing 787-8 Dreamliner aircraft were purchased in a sale and leaseback transaction with a leading flag carrier. The aircraft are on 12-year leases. In addition, FLY purchased two Boeing 737-800 aircraft from a South American airline, which it has leased to a leading Asian carrier on […]
FLY Leasing acquires five aircraft Read More »
A major hurdle has been overcome with regard to the implementation of internationally agreed rules on airliner pollution in the USA. The US Environment Protection Agency (EPA) has ruled that greenhouse gases emitted from aircraft endanger public health. The finding now requires that the EPA regulates greenhouse gas emissions from aircraft under the Clean AirAct.
US EPA paves way to curb passenger jet emissions Read More »
Avolon, the international aircraft leasing company, announces the delivery of one Boeing B787-9 aircraft to Hainan Airlines. This is the fourth Avolon aircraft on lease to Hainan Airlines.
Avolon delivers one Boeing B787-9 to Hainan Airlines Read More »
Ryanair on July 25 reported a 4% rise in Q1 profit to €256m, as traffic grew 11% to 31m. Average fare fell 10% to €39.92, offset by a 9% reduction in unit costs. “This modest 4% increase in Q1 profit to €256m is in line with previous guidance. The absence of Easter in Q1 and
Ryanair reports first quarter profit rise of 4% Read More »
Boeing announced a partnership with the Emirates Flight Training Academy, a division of Emirates Airline, to collaborate on a comprehensive training curriculum and software infrastructure to help train pilot cadets. “We are leveraging Boeing’s expertise in airline pilot training to identify opportunities to enhance the Academy’s curriculum” said Captain Alan Stealey, principal, Emirates Flight Training
Boeing partners with Emirates Flight Training Academy to address growing pilot demand Read More »
WestJet released its second quarter results for 2016, with net earnings of CAD$36.7m, as compared with the net earnings of CAD$61.6m reported in the second quarter of 2015. WestJet achieved its 45th consecutive quarter of profitability and flew 5.3 million guests. Based on the trailing twelve months, the airline recorded a return on invested capital
WestJet's second quarter net earnings down Read More »
H.I.G. Capital, a private equity investment firm with over US$20bn of equity capital under management, is pleased to announce the sale of its portfolio company, Amerijet Holdings, to an affiliate of ZS Fund L.P., a middle market focused private equity firm. Since its founding in 1974, Amerijet has grown from a small charter service operator
H.I.G. Capital completes sale of Amerijet Read More »
Flatiron Solutions, a global provider of technical information management solutions for knowledge-driven industries including aviation, shipping, rail, energy, and defense, announced the selection of CORENA Studio by China Southern Airlines for authoring of maintenance documentation for their fleet of Airbus A380 aircraft. China Southern Airlines operates the A380 on a number of premium routes, including
MTU Aero Engines AG generated revenues of €2,299.2m in the first six months of 2016, an increase of 4% (1-6/15: €2,202.0m. The group’s operating profit improved by 19% to €254.1m (1-6/15: €212.8m), raising the EBIT margin for the six-month period from 9.7% to 11.1%. Earnings after tax increased by 20% to €176.1m (1-6/15: €147.2m), in
MTU Aero Engines provides more precise guidance at half-year Read More »
