American Airlines Group’s total traffic for February was down 3.3% versus February 2016 and total capacity was down 3.7% versus February 2016. Total passenger load factor was 77.3%, up 0.3 points versus February 2016.
The U.S. Federal Aviation Administration (FAA) has certified the 737 MAX 8 airplane for commercial service. Boeing is now in the final stages of preparing for the first 737 MAX 8 delivery to customers in the coming months. To earn certification for the 737 MAX 8, Boeing undertook a comprehensive test program that began just …
Having recently failed to get a foothold in the burgeoning commercial aviation market in India, Qatar Airways CEO Akbar Al Baker indicated at the ITB Berlin travel show that the Gulf carrier would “soon” be making an application to Indian authorities to set up a short-haul airline in India with a fleet of 100 narrow-body …
FLY is reporting a net loss of US$63.8m for the fourth quarter of 2016. The loss is primarily driven by a US$92m non-cash impairment charge taken on three older, out-of-production wide-body aircraft. In the fourth quarter of 2015, FLY reported net income of US$19.1m. The net loss for the year ended December 31, 2016 was …
WestJet announced February 2017 traffic results with a load factor of 85.2%, an increase of 2.0 points year over year. Traffic for February increased 5.2% year over year and capacity grew 2.7%.
Ascent Aerospace has appointed Michael Mahfet as Chief Executive Officer, effective immediately. This role will be in addition to his current capacity as President of the company’s newly expanded Ascent Integration & Automation Group (I&A Group).
UAL’s February 2017 consolidated traffic decreased 0.8% and consolidated capacity decreased 0.4% versus February 2016. UAL’s February 2017 consolidated load factor decreased 0.3 points to 76.7% compared to February 2016.
In the fourth quarter 2016 Embraer delivered 32 commercial and 43 executive (25 light and 18 large) jets. The Company ended 2016 with 108 total commercial aircraft deliveries and 117 executive (73 light and 44 large) jet deliveries, both meeting their respective Guidance for 2016. Revenues in the fourth quarter reached US$ 2,027.8m and for …
Embraer releases fourth quarter and fiscal year 2016 results Read More »
AerFin continues its acquisition of Boeing 737-800 aircraft for spares with the purchase of MSN 29039 from the Investec Global Aircraft Fund (IGAF). The aircraft was manufactured in Sept 1999 and like the sister ship of MSN 29041 (acquired by AerFin in February) will be used to build on AerFin’s well established support for the …
AerFin takes delivery of further Boeing 737-800 aircraft Read More »
Argos Soditic, the European lower mid market private-equity firm, has entered into exclusive negotiations to acquire an ownership position along with Olivier Legrand and Christian Grzanka in Revima Group, a leading independent aerospace Maintenance, Repair and Overhaul service provider, primarily focused on Auxiliary Power Unit & Landing Gear products. The transaction, subject to customary authorizations, …
Argos Siditic to acquire ownership position in Revima Group Read More »
