January 27, 2017

American Airlines Group reports net profit of US$289m in the fourth quarter 2016

American Airlines Group reported a net profit of US$289m in the fourth quarter 2016. The Company’s fourth quarter 2016 results include a US$211m provision for income taxes, of which US$207m is non-cash due to net operating loss utilization. This compares to a GAAP net profit of US$3.3bn in the fourth quarter 2015, which included a …

American Airlines Group reports net profit of US$289m in the fourth quarter 2016 Read More »

IATA and JR Technologies combine forces to deliver innovative payment solutions

Other News, Top Stories / Leave a Comment

The International Air Transportation Association (IATA) has entered into an agreement with JR Technologies for the development, hosting and operation of the IATA Financial Gateway (IFG) payment solution, which is a turnkey IATA IT solution which will simplify the shopping-to-cash process for travel service suppliers. The introduction of a universal payment gateway through the IFG …

IATA and JR Technologies combine forces to deliver innovative payment solutions Read More »

RUAG completes cabin interior refurbishment during heavy maintenance check on Challenger CL604

MRO & Production / Leave a Comment

The one-stop shop at RUAG Aviation in Munich optimised the downtime required for a Bombardier Challenger CL604 heavy maintenance event. Responding to the request of the aircraft owner, the 192-month maintenance, repair and overhaul (MRO) inspection included a full cabin refurbishment for the older aircraft. The Challenger CL604 aircraft, registered in the Middle East, was …

RUAG completes cabin interior refurbishment during heavy maintenance check on Challenger CL604 Read More »

ATSG issues preliminary outlook for 2016 results

Financial / Leave a Comment

Air Transport Services Group reported that its Adjusted EBITDA from Continuing Operations is expected to be approximately US$7m lower than indicated in its prior guidance for the fourth quarter and full year 2016. This reduction in guidance is due to the revenue loss resulting from a brief work stoppage in mid-November 2016 by pilots of …

ATSG issues preliminary outlook for 2016 results Read More »

Airbus Helicopters achieves delivery targets

Aircraft & Engines / Leave a Comment

Airbus Helicopters delivered 418 rotorcraft in 2016, a 5% increase compared with 2015, against a challenging market backdrop. The company strengthened its lead on the civil and parapublic helicopter market while maintaining its position on the military market. Airbus Helicopters logged gross orders for 388 helicopters in 2016, a stable performance compared to the 383 …

Airbus Helicopters achieves delivery targets Read More »