Hainan Airlines, the subsidiary of HNA Group, has announced it has completed the acquisition of a further 48.2% stake in Tianjin Airlines. With Tianjin Airlines also being a subsidiary of HNA Group, this has enabled Hainan Airlines to list all its subsidiaries as a whole entity. According to figures released by the Shanghai Stock Exchange, […]
Hainan Airlines increases stake in Tianjin Airlines to over 87% Read More »
Ryanair reported that third quarter profits fell 8% to €95m, as average fares fell by 17% to just €33 per passenger, while traffic grew 16% to 29m customers. Third quarter unit costs were cut by 12% (ex-fuel unit costs were down 6%). Outlook for the remainder of FY17 is cautious. Ryanair expects fourth quarter yields
Ryanair third quarter profit down 8% Read More »
Net sales for the fiscal third quarter of 2017 declined 8% from the prior year quarter net sales, including US$1.2m of incremental sales from the October 2015 acquisition of Fairchild Controls offset by US$4.5m of revenues related to the second quarter divestiture. On an organic basis, sales were down 7% primarily due to production rate
Triumph Group reports third quarter fiscal 2017 results Read More »
The Group posted a profit attributable to owners of the parent of S$52.6m for the third quarter of FY2016-17, an increase of S$3.2m or 6.5%. Profit this quarter included a S$2.3m gain on the partial disposal of an associated company, while the same quarter last year was impacted by provisions for closure costs and impairment
SIA Engineering Group posts profit of S$52.6m for 3rd quarter Read More »
The Cayman Islands flag-carrier has signed a contract covering full component support for a Boeing 737-800 that joined its fleet in December. The aircraft was supported by AFI KLM E&M with its previous operator. The agreement comes under the AFI KLM E&M Boeing Component Services Program. The program, launched in 2005, guarantees customers total control
Cayman Airways joins AFI KLM E&M 737 component service program Read More »
PROS (PRO), the revenue and profit realization company, reported that flydubai has selected PROS to help execute its revenue management strategies. PROS Origin & Destination, a cloud-based, modern revenue optimization solution, will help flydubai optimize network revenue using market trends, demand behavior and proactive analysis. Since launching its operations in 2009, flydubai has created a
flydubai selects PROS to optimize network revenue Read More »
China Southern Airlines has signed long term lease agreements with Air Lease Corporation for five new Boeing 787-9 aircraft outfitted with GE’s GEnx engines, all from ALC’s order book with Boeing. Delivery of the aircraft is scheduled to begin in the first quarter of 2019, with three deliveries in 2019 and two deliveries in 2020.
China Southern Airlines signs lease agreements for five new Boeing 787-9 aircraft Read More »
Avtrade has received final permission to further maximise its UK Global Headquarters site based in Sayers Common, West Sussex. As one of the leading global component service providers to the aviation industry, the rapid growth of Avtrade’s global customer base has escalated the need for additional warehousing facilities. The proposed new warehouse will enable the
Avtrade receives planning approval to expand UK Global Headquarters Read More »
DVB Bank SE has successfully underwritten and arranged the financing for Vietnam Airlines’ first Airbus A350-900XWB, leased from Dubai Aerospace Enterprise (DAE). DVB is the sole arranger and lender in this facility. Allen and Overy, London acted for DAE as lessor’s counsel while Clifford Chance London represented DVB.
DVB finances one A350-900XWB on lease to Vietnam Airlines from DAE Read More »
AAR has signed a three-year agreement to provide landing gear overhaul and exchange services for SkyWest’s operating carriers. The agreement, which covers landing gear assemblies and sub-assemblies on its fleet of more than 400 Bombardier CRJ aircraft, includes the option to extend to five years. The agreement builds on a relationship with SkyWest that dates
AAR signs landing gear overhaul contract with SkyWest Read More »
