In 2015, U.S. authorities selected Stockholm’s Arlanda Airport in Sweden as one of ten foreign airports where U.S. border controls could be located. On November 4, an agreement to set up preclearance was signed in Stockholm by the US ambassador to Sweden, Azita Raji, and Sweden’s interior minister, Anders Ygerman. Preclearance is a system whereby […]
US preclearance facilities to be offered in Sweden Read More »
The Emirates Group posted its half-year results for 2016-17. Emirates Group revenue was AED 46.5bn (US$12.7bn) for the first six months of its 2016-17 financial year, up 1% from AED 46.0bn (US$12.5bn) during the same period last year. Following one of its best ever half-year profit performances last year, the Group for 2016-17 reported a
Emirates Group's first half 2016-2017 profit down Read More »
American Airlines Group’s total traffic was down 2.6% versus October 2015, while total capacity was up 0.4% versus October 2015. Total passenger load factor was 82.6%, down 2.6 points versus the previous year.
American Airlines' load factor down 2.6 points in October Read More »
Chorus is seeking opportunities to increase its regional aircraft leasing activity outside of the CPA as management recognizes regional aircraft leasing as a growing market segment with few established providers. Chorus (through a subsidiary) plans to purchase and lease four new CRJ1000 regional jets to Air Nostrum, and has secured a letter of offer from
Chorus Aviation agrees on aircraft leasing transaction with Air Nostrum Read More »
Ontic, a BBA Aviation company and an aerospace industry’s leading provider of ‘Extended Life Solutions’ for OEM legacy products, has reached an agreement to acquire a portfolio of legacy avionics products (the “Business”) from GE Aviation. The Business incorporates a portfolio of legacy avionics parts servicing the military and commercial aviation markets, including electro mechanical,
Ontic acquires part of GE Aviation’s avionics business Read More »
As part of SAS’s focus on optimizing the capital structure and reduce financing costs, SAS has agreed to refinance two Boeing 737 and four Airbus A319 with a credit facility of US$75m including Standard Chartered Bank and Norddeutsche Landesbank. The facility matures in January 2023. The aircraft will be refinanced in the period until January
SAS finances eight aircraft Read More »
UAL’s October 2016 consolidated traffic increased 0.6% and consolidated capacity increased 1.8% versus October 2015. UAL’s October 2016 consolidated load factor decreased 1.0 point to 82.4% compared to October 2015.
United reports October 2016 operational performance Read More »
Avianca Holding reported that operating income (EBIT) increased in the third quarter 2016, reaching US$83.4m, with an improved operating margin of 7.9%. This represents a 36 bps quarter on quarter increase resulting from efficiencies derived through the Company’s expense reduction program and revised hedging policy. Operating revenues reached US$1.1bn for the quarter. EBITDAR for the
Avianca Holdings reports third quarter 2016 adjusted operating profit of US$83.4m Read More »
Succeeding former CEO of Satair Group, Mikkel Bardram, Bart Reijnen took over as CEO on November 1st and is already relishing the challenge to lead the business to its next destinations. Mikkel Bardram has chosen to pursue new adventures and opportunities outside Satair Group and also outside the aerospace industry. An aerospace engineer by training,
Bart Reijnen new Chief Executive Officer of Satair Group Read More »
Trenchard Aviation, a civil aircraft maintenance business focusing on cabin services, has acquired Reheat International, a specialist repairer of on board galley equipment and cabin interior products. The acquisition is the third since Graphite Capital, a leading mid-market private equity specialist, financed the management buy-out of Aero Technics in November 2015. The acquisition of Reheat
Trenchard Aviation acquires Reheat International Read More »
