Israel Aerospace Industries (IAI), Israel’s largest national military and civilian security defense company, issued its consolidated financial statements for the three months ended March 31, 2017. Operating income in the first quarter 2017 totaled US$44m (5.3% of sales) compared with US$11m (1.3% of sales) in the first quarter of 2016. EBITDA in the first quarter […]
IAI posts first quarter 2017 net income of US$46m Read More »
Swiss International Air Lines (SWISS) took delivery of its first CS300 aircraft at Bombardier’s facility in Mirabel, Canada, where the C Series aircraft are manufactured. When the aircraft enters commercial service in a few days, SWISS will become the first airline to operate both C Series aircraft models. SWISS will dedicate this new aircraft to
Bombardier delivers first CS300 aircraft to SWISS Read More »
The Filipino low-cost carrier Cebu Pacific has announced the suspension of over 50 percent of its Middle Eastern Operations, citing an oversupply of seats driving prices down to an unsustainable level. Flights from Manila to Riyadh, Doha and Kuwait will all be affected. The carrier will maintain its other long-haul services to and from Dubai,
Strong competition sees Cebu Pacific cut back on Middle Eastern flights Read More »
WestJet has named Charles Duncan as the new head of WestJet Encore, WestJet’s regional airline. In his most recent role at United Airlines, Charles was Senior Vice-President, Technical Operations. While at United, he oversaw the maintenance organization of 12,500 employees, including aircraft line and base maintenance, maintenance planning, reliability, ground service equipment, facilities and supply
WestJet announces new president for WestJet Encore Read More »
Avolon, the international aircraft leasing company, has delivered one Airbus A320-251N aircraft to Garuda. This is the tenth Avolon aircraft on lease to Garuda.
Avolon delivers one Airbus A320-251N to Garuda Read More »
Aircraft remarketing specialists Airstream International Group have arranged the sale of a 1998 manufacture Bombardier DHC-8-300 aircraft, on behalf of a global investor, to Fly540 Kenya. MSN 525 is the first DHC-8-300 in Fly540’s fleet, which will be operated alongside their existing DHC-8-100’s. Airstream has been very active placing DHC-8 aircraft, successfully arranging the sale
Airstream arranges sale of DHC-8-300 aircraft Read More »
Acumen Aviation, a global aircraft asset manager based in Ireland, has selected OASES for its new CAMO operation. OASES is a ‘best of breed’ MRO IT system which delivers the highest level of technical sophistication while still being intuitively easy to operate. Structured in a modular format, OASES is designed to ensure that its growing
Acumen Aviation selects Commsoft's OASES for new CAMO operation Read More »
Apollo Aviation Group has priced its fourth aircraft portfolio transaction on Thursday, May 25, 2017: AASET 2017-1 Trust (AASET 2017-1). AASET 2017-1 will issue US$612.228m of secured notes that will be used to acquire a fleet of 32 aircraft. AASET 2017-1 will issue three tranches of Secured Notes with the following principal amounts and coupons:
Apollo Aviation prices AASET 2017-1 Trust Read More »
