Woodward has reported that its Board of Directors has authorized a new stock repurchase program, under which up to US$500m in Woodward shares may be purchased in the open market and private transactions. The new program is scheduled to expire in November 2019. The previous stock repurchase program, which was authorized for US$300m and scheduled …
Having cancelled 170 flights on Sunday, Delta Airlines Inc. had to cancel approximately 110 further flights this Monday, with additional cancellations possible, following a computer breakdown which left passengers stranded across the U.S. Today (Monday), FlightAware indicated that 180 Delta flights had been delayed as of 10.36 a.m. local time In a statement, Ed Bastian, …
Delta flight cancellations approach 300 after IT systems outage Read More »
Approximately 2,850 employees at Boeing’s 787 Dreamliner facilities in North Charleston, SC will vote on February 15, 2017 on whether to be represented by the International Association of Machinists and Aerospace Workers (IAM). The IAM and Boeing came to an agreement on the date and time of an election on January 27.
A wet-lease agreement planned by airberlin and the Lufthansa Group was approved unconditionally on January 30th, by the German Federal Cartel Authority. airberlin welcomed the regulator’s decision and said the approval was an important milestone in the airline’s restructuring programme as it works towards the development of a business model as a focused network carrier …
Federal Cartel Authority approves Lufthansa/airberlin wet-lease agreement Read More »
Dos Rios Partners, a Texas-based private equity firm, has acquired Pathfinder Aviation. Dos Rios partnered with Chuck Constant and Pete Henrikson of Phoenix Aviation Group of Dallas, TX and acquired Pathfinder from its founder and previous owner, Michael Fell. Chuck Constant and Pete Henrikson will lead the company as CEO and EVP of Operations, respectively. …
The U.S. Air Force awarded Boeing US$2.1bn for 15 KC-46A tanker aircraft, spare engines and wing air refueling pod kits. This order is the third low-rate initial production lot for Boeing. The first two came in August 2016 and included seven and 12 planes, respectively, as well as spare parts. Boeing plans to build 179 …
Boeing awarded US$2.1bn for third KC-46A Tanker production lot Read More »
Art Torno, Senior Vice President – International and Cargo, has informed American Airlines of his decision to retire in April after 38 years with the airline. With Torno’s retirement, Jim Butler will assume the role of Senior Vice President – International and Cargo and will report to Kerry Philipovitch, Senior Vice President – Customer Experience. …
Täby Air Maintenance, TAM, have signed a one year dry-lease deal with longstanding partner Loganair for a Saab 340B. The aircraft, msn 167, is in full passenger configuration and was previously operated by Cyprus-based Tus Airways. Currently at TAM’s main workshops in Örebro, it will be delivered to Loganair in mid-February.
WestJet will become the first Canadian carrier featuring non-stop service between Calgary International Airport (YYC) and Nashville’s Metropolitan Nashville Airport (BNA). The twice-weekly route starts May 4. WestJet began service to Nashville from Toronto in 2016 and currently flies six times weekly on WestJet Encore. Flights from Calgary to Nashville will be operated on WestJet’s …
HawkerHawker Pacific has reported the acquisition of Adagold’s Fixed Base Operations (FBO) in Brisbane and Cairns. The two acquired FBO operations have been operating under the Hawker Pacific brand since 24th January 2017. In Brisbane Hawker Pacific will operate from both its existing FBO facility and from the newly acquired FBO in the General Aviation …
Hawker Pacific acquires Adagold FBO Operations in Brisbane and Cairns Read More »
