The day after Boeing announced a Q1 19% rise in profits, Airbus has announced a fall in adjusted operating profit of 51%, to €240m for Q1 2017. Revenue increased 7% to just under €13bn and while analysts had predicted a loss, the 52% drop was appreciably greater than the 31% anticipated. Airbus shares fell by […]
Airbus Q1 profits halve after engine delays and price reductions Read More »
HAECO Americas has reported that Jim Clarke will be joining the company’s leadership team as its new Vice President, Planning and Performance. In that role, he will lead teams that conduct all maintenance event planning, cost and pricing analysis and customer performance reporting across the company’s North American operations. Mr. Clarke has had an accomplished
HAECO Americas names Jim Clarke new VP Planning and Performance Read More »
Norwegian reported its first quarter results for 2017 with a net loss of NOK1.5bn, compared to a net loss of NOK800m in the first quarter of the previous year. During the first quarter, unit costs excluding fuel fell by 4% and debt was cut by NOK1bn. Total revenue in the first quarter was NOK5.4bn an
Norwegian posts first quarter net loss of NOK1.5bn Read More »
Embraer and American Airlines Group have signed a firm order for four E175 jets. The contract, in addition to the original order placed by the airline in 2013, for 60 E175s, has a value of US$182m, based on current list prices, and will be included in Embraer’s 2017 second-quarter backlog. The deliveries will start in
Embraer and American Airlines sign contract for four additional E175s Read More »
FAI Asset Management GmbH, a member of the Nuremberg, Germany-headquartered FAI Aviation Group, has completed a brand new 4800 m² carbon neutral maintenance hangar, known as Hangar 8, at Albrecht Dürer Airport (NUE) in Nuremberg, Germany. The new hangar represents an investment of €7m and has created at least 10 new local engineering jobs, plus
FAI completes €7m carbon neutral hangar development at Nuremberg Airport Read More »
Air Canada and Lufthansa Technik have strengthened their trusted partnership with the signing of a new Total Component Support (TCS) contract for Air Canada’s future Boeing 737 MAX fleet. The airline also extended the existing CFM56 engine services agreement for a further eight years until 2026. The ten-year TCS-contract covers the airline’s future fleet of
Lufthansa Technik and Air Canada agree on services for Boeing 737 and CFM56 engines Read More »
WOW air the low-fare airline based in Iceland has taken delivery of its first A320neo on lease from Air Lease Corporation. WOW air is an all Airbus operator with 12 aircraft in its fleet to date. WOW air selected the A320neo for its low operating costs and excellent fuel efficiency. The aircraft will feature a
First A320neo for WOW air Read More »
BOC Aviation reported that it has entered into a purchase-and-leaseback transaction with Turkish Airlines for two 2016-vintage Boeing 777-300ER aircraft, both of which are expected to deliver to the Company in the second quarter of 2017.
BOC Aviation and Turkish Airlines sign purchase and leaseback agreement Read More »
In 2016 the Liebherr Group has achieved the third-highest turnover in the Group’s history, with total sales of €9,009m, compared to 2015, this represents a decrease of €228m or 2.5%. In 2016, the Group achieved a net result for the year of €298m, equaling the 2015 result. The financial result improved significantly, thanks in part
The Liebherr Group achieves €9,009m turnover in business year 2016 Read More »
Thomas Global Systems, a leader in the design, production and support of innovative electronics solutions for aerospace and defence applications, announced at MRO Americas that it has signed an agreement with interCaribbean Airways in relation to Thomas Global’s TFD-8601 cockpit display, a pioneering plug-and-play LCD replacement for ageing CRT displays in corporate and regional aircraft
interCaribbean Airways signs Preferred Supplier Agreement with Thomas Global Systems Read More »
