Qatar Airways has announced its decision not to proceed with the acquisition of a 10% stake in American Airlines, “taking into account the latest public disclosure” of the airline. A spokeswoman for the public relations firm representing the American carrier in the U.S. said it would not elaborate on what was being referred to as […]
Qatar Airways reverses decision to buy 10% stake in American Airlines Read More »
Rolls-Royce has reported that revenue for the first half 2017 was up 12% at constant exchange rates, 17% at actual exchange rates compared to 2016. Profit before tax was £1,941m (2016 loss: £2,150m) and underlying revenue was up 6% at constant exchange rates, led by Civil Aerospace and Power Systems. Underlying profit before tax was
Rolls-Royce releases 2017 half year results Read More »
GA Telesis has reported the launch of a specialty finance unit, Structured Credit Products (SCP) to focus on structured financial solutions for airline, MRO, and OEM customers. The initial focus strategy will be inventory leasing. Going forward SCP will explore other aviation finance products including originated secured lending, trading in public and private debt, and
ExxonMobil has released that Mobil Jet Oil 387, a synthetic High Performance Capability (HPC) turbine engine oil, is now approved for use in GP7200 engines. Developed by Engine Alliance, a joint venture between GE Aviation and Pratt & Whitney, GP7200 engines represent one of the two engine technologies approved for use on the Airbus A380,
Mobil Jet Oil 387 gains new approval with GP7200 engines Read More »
The Lufthansa Group increased its total revenues by 12.7% to €17.0bn in the first six months of 2017 (prior-year period: €15.0bn). Traffic revenues were up by 14.2 percent to €13.3bn (prior-year period: €11.6bn). And the key earnings indicator Adjusted EBIT was roughly doubled to over €1bn (prior-year period: €529m), giving the Lufthansa Group its best-ever
New alignment of the Lufthansa Group leads to significant profit improvement Read More »
STS Line Maintenance (STSLM), a division of STS Aviation Group, has opened a brand new line maintenance station at Louis Armstrong New Orleans International Airport (MSY). The new STS Line Maintenance station in New Orleans is powered by a highly-trained staff of certified technicians. These technicians, in conjunction with STS Line Maintenance’s leadership team, have
STS Line Maintenance opens new station in New Orleans Read More »
CHC Helicopter will today take delivery of its first H175 for use in offshore oil and gas operations. The aircraft has been delivered in full offshore passenger transport configuration, allowing CHC to begin training and adjustment from the operator’s base at Aberdeen, ahead of operational launch in August 2017. Based at CHC Helicopter’s site in
CHC takes delivery of first H175 aircraft Read More »
Air Canada has reported record second quarter 2017 EBITDAR of CAD$670m compared to the previous second quarter 2016 EBITDAR of CAD$605m, an increase of CAD$65m and consistent with the forecast in Air Canada’s July 6th, 2017 news release. The airline recorded a second quarter EBITDAR margin of 17.1%. On a GAAP basis, Air Canada reported
Air Canada reports second quarter 2017 net income of CAD$300m Read More »
Fort Lauderdale-based Silver Airways (Silver) has signed a letter of intent to renew and expand its fleet with up to 50 new ATR-600 series aircraft. This is a significant strategic accomplishment for the airline and a transaction valued at up to US$1.1bn. The initial order is for 20 ATR-42-600 aircraft and the agreement also provides
Silver Airways reports major strategic growth developments Read More »
AerCap has confirmed placement of five Embraer E190-E2 jets to Air Astana, the national carrier of Kazakhstan. The aircraft, on long term lease from AerCap’s order book with Embraer, will begin delivering to Air Astana in the last quarter 2018. AerCap is the launch lessor customer of Embraer’s E-Jets E2 second generation of this family
AerCap confirms placement of five Embraer E190-E2 Jets to Air Astana Read More »
