airberlin reported a net loss of €-781.9m for 2016 compared to a net loss of €-446.6m the previous year. The airline reported revenues of €3.79bn, compared to revenues of €4.08bn in 2015. The decrease in revenue in 2016 is due primarily to a capacity reduction of 4% and the decline in revenue per passenger (yield) …
airberlin reports €-781.9m loss for full year 2016 Read More »
Southwest Airlines’ total operating revenues increased 1.2%, year-over-year, to a first quarter record US$4.9bn, driven largely by first quarter record passenger revenues of US$4.4bn. Southwest reported net income of US$351m, operating income of US$658m and operating margin of 13.5%. On a unit basis, operating revenues declined 2.8%, year-over-year, which was in line with the Company’s …
Southwest posts first quarter record operating revenues of US$4.9bn Read More »
Ilyushin Finance (IFC) has converted an option on one Q400 aircraft to a firm order. The Moscow-based leasing company, now with two Q400 on firm order, has successfully concluded a leasing agreement with Jambojet (Jambojet) of Kenya for both aircraft. Jambojet is expected to take delivery of the first leased Q400 aircraft in May 2017, …
Jambojet selects Q400 for fleet renewal and expansion Read More »
WestJet has appointed Bob Cummings as Executive Vice-President, responsible for the yet-to-be-named ultra-low-cost carrier (ULCC), which will launch late in 2017 or early 2018. Bob will have accountability for all aspects of this new venture, including planning, branding, pricing, product development and operationalization. He will also continue to drive other key strategic initiatives for WestJet. …
WestJet appoints Bob Cummings EVP for ultra-low-cost-carrier Read More »
Finnair Group reported first quarter revenues increased 3.3% to €554.4 m. EBITDAR was €50.1m compared to €36.4m the previous year. Net cash flow from operating activities totalled €23.9m, compared to €10.4m in 2016 and net cash flow from investing activities amounted to €145.1m compared to €-247.3m in 2016.
Skyworld Aviation has sold two EASA ERJ 145 LR’s, serial numbers 145564 (G-CIYW) and 145601 (G-CIYX). The previous operator was AeroMexico Connect and both aircraft returned from lease to its European owner last year. The aircraft have since been in a storage programme with GC Aviation Maintenance (GCAM) at Cotswold Airport in the UK, who …
Skyworld Aviation arranges sale of two ERJ 145 LR's Read More »
MTU Aero Engines AG saw its revenues increase by 15% to €1,261.3m in the first quarter of 2017 (1-3/2016: €1,097.9m). The group’s operating profit improved by 20% from €131.3m to €157.0m, pushing the EBIT margin up from 12.0% to 12.4%. Earnings after tax rose in line with operating profit, increasing by 21% to €111.0m (1-3/2016:€91.5m). …
Pro Star Aviation has received FAA approval for the amendment to STC ST00158BO, which adds upgraded single or dual Universal Avionics Flight Management Systems (FMS) for Satellite-Based Augmentation System (SBAS)-capability. The newly amended STC applies to Cessna Citations; 550, 550 Bravo, 560, 560XL and 560XLS series aircraft. The certified installation includes either Universal Avionics single …
Pro Star Aviation receives FAA approval for Citation SBAS upgrades Read More »
SR Technics and flag carrier Philippine Airlines (PAL) have signed a 12-year Integrated Component Services (ICS) agreement. The agreement covers the servicing of a total of 45 A321 and 15 A330-300 aircraft, including component maintenance, component pooling and consignment of the main base kit, ensuring flexible access to spare parts. The services will be managed …
SR Technics signs 12 year-contract with Philippine Airlines Read More »
