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Alaska Air Group reports 2017 full year net income of US$1.0bn

Alaska Air Group has reported net income for the fourth quarter under GAAP of US$367m and for the full-year US$1.0bn These results compare to fourth quarter 2016 net income of US$114m and full-year 2016 net income ofUS$814m. As the acquisition of Virgin America (Virgin America) closed on Dec. 14, 2016, 2017 information reflects the results of Virgin America. 2016 information reflects the results of Virgin America from Dec. 14-31, 2016. Alaska reported fourth quarter adjusted net income, excluding merger-related costs, special income tax benefits related to tax law changes, and mark-to-market fuel hedging adjustments, was US$103m compared to US$193m in the fourth quarter of 2016. Full year 2017 adjusted net income, excluding merger-related costs, the special income tax benefit, and mark-to-market fuel hedging adjustments, was US$823m, compared to US$911m in 2016.

United Airlines boosts fleet with 110 aircraft orders with Boeing and Airbus

Wednesday October 4, 2023

On Tuesday, October 3, United Airlines unveiled an ambitious plan, announcing its commitment to purchase a total of 110 new aircraft from both Boeing and Airbus. In addition to these acquisitions, the airline has also secured options to acquire an additional 9... Read More »

SAS selects Castlelake, Air France-KLM and Lind Invest as winning bidders in Chapter 11 exit financing

Wednesday October 4, 2023

SAS has selected the winning bidders for its Chapter 11 financial exit

SAS has achieved a significant milestone in its ongoing Chapter 11 process within the United States. In this pivotal step, SAS has chosen a consortium led by Castlelake, representing certain funds or affiliates, Air France-KLM, Lind Invest and the Danish state... Read More »

Air Cargo demand up 1.5% in August

Wednesday October 4, 2023

The International Air Transport Association (IATA) has released data for August 2023 global air cargo markets, showing that year-on-year air cargo demand grew for the first time in 19 months. Global demand, measured in cargo tonne-kilometres (CTKs), increased ... Read More »

China Airlines inducts first Pratt & Whitney GTF engine

Wednesday October 4, 2023

Pratt & Whitney has released that China Airlines has inducted its first Pratt & Whitney GTF engine. China Airlines joined the GTF MRO network in 2020, with its Engineering and Maintenance organisation providing disassembly, assembly and test capabilit... Read More »

VoltAero breaks-ground on final-assembly line at Rochefort Airport, France

Wednesday October 4, 2023

Ground-breaking ceremony at Rochefort Airport in the Charente-Maritime department of France’s Nouvelle-Aquitaine region

VoltAero has marked another important step toward the full-scale production of its Cassio electric-hybrid aircraft family with the ground-breaking of a final-assembly line at Rochefort Airport in the Charente-Maritime department of France’s Nouvelle-Aquitain... Read More »

Veryon announces acquisition of Rusada

Wednesday October 4, 2023

ENVISION Tasks is designed for the paperless execution of aircraft maintenance

Veryon, a leading provider of information services and software solutions for the aviation industry, has announced its acquisition of Rusada, a prominent player in the aviation maintenance management software industry since 1987. This strategic move solidifies... Read More »

SMBC Aviation Capital receives US$710 million insurance settlement

Tuesday October 3, 2023

SMBC Aviation Capital has announced the successful settlement of insurance claims, resulting in the receipt of approximately US$710 million (£592 million). This settlement pertains to its aircraft that were previously leased to Aeroflot. The funds represent t... Read More »

IAI redelivers converted Boeing 767-300ER to Challenge Airlines

Tuesday October 3, 2023

The first B767-300ER has been redelivered to Challenge Airlines

Israel Aerospace Industries (IAI) has delivered a Boeing 767-300ER to Challenge Airlines MT after completing conversion of the aircraft from a passenger-to-cargo configuration, at IAI’s conversion site facility in Belgrade. The aircraft is the first of four ... Read More »

Nicolai Hertz takes on role as CCO of TP Aerospace

Tuesday October 3, 2023

TP Aerospace has announced that Nicolai Hertz has taken on the role of Chief Commercial Officer (CCO) of TP Aerospace as of October 2, 2023. Hertz brings almost 30 years of experience from the aviation industry from Satair, SAS Component Group and ST Aerospace... Read More »

AerFin bolsters A320 inventory

Tuesday October 3, 2023

AerFin has acquired three A320ceo aircraft to bolster its inventory

AerFin has bolstered its A320 inventory with the acquisition of three Airbus A320ceo aircraft from Wings Capital Partners. All three aircraft are of manufacturer serial Number (MSN) 5000 and above, making them attractive airframes of their type and class to be... Read More »

LATAM expands Airbus aircraft order with 13 additional A321neos

Tuesday October 3, 2023

LATAM has taken delivery of its first A321neo aircraft

LATAM Airlines has taken delivery of its first A321neo leased from AerCap and in addition has placed an order for 13 further A321neo aircraft to help expand its route network and drive its regional growth. This is the first delivery of a committed backlog of 7... Read More »

SkySelect partners with Ambry Hill Technologies

Tuesday October 3, 2023

SkySelect has partnered with Ambry Hill Technologies, the creator of business management software solutions that are purpose-built for the aviation aftermarket, to provide suppliers with new opportunities to be more efficient and additional capabilities to max... Read More »

GKN Aerospace secures contract to enhance RM12 engine for JAS 39 Gripen fighter aircraft

Tuesday October 3, 2023

GKN Aerospace has been awarded a contract by the Swedish Defence Materiel Administration (FMV) to enhance and upgrade the RM12 engine, which powers the renowned Swedish fighter aircraft, the JAS 39 Gripen C/D. This engine enhancement project will be carried ou... Read More »

Spirit AeroSystems appoints Patrick M. Shanahan interim President and CEO

Tuesday October 3, 2023

Spirit AeroSystems has released that Patrick M. Shanahan, a member of the company’s Board of Directors, has been appointed interim President and Chief Executive Officer (CEO), effective immediately. Shanahan succeeds Thomas C. Gentile III as President an... Read More »

Schiphol Airport implements flight reductions and private jet restrictions from March 31, 2024

Monday October 2, 2023

Schiphol Airport's declaration heralds a reduction in both private jet operations and the total number of permitted flights

As of March 31, 2024, Schiphol Airport will undergo significant changes, as outlined in its official capacity declaration for the 2024 summer season. This declaration heralds a reduction in both private jet operations and the total number of permitted flights,... Read More »

Madrid will host Ryanair's new pilot and cabin crew training centre

Monday October 2, 2023

Ryanair has chosen Madrid as its pilot and cabin crew training centre

Ryanair has chosen Madrid as the site of its new €100 million pilot and cabin crew training centre, the largest aviation training centre in southern Europe. With Ryanair’s new training centre, which will train up to 250 aviation professionals a day, Ry... Read More »

Royal Danish Air Force welcomes first four F-35 jets

Monday October 2, 2023

The Danish Air Force has taken delivery of its first four F-35A Lightning II

The Danish Air Force has welcomed the in-country arrival of its first four permanently based F-35A Lightning II aircraft at Skrydstrup Air Base, Denmark. “Arrival of the first F-35 combat aircraft in Denmark is a historic event for th... Read More »

Shell Aviation to supply SAF for Emirates' Dubai hub

Monday October 2, 2023

Shell Aviation will supply 300,000 gallons of SAF for Embraer's hub in Dubai

Shell Aviation and Emirates have signed an agreement for the supply of over 300,000 gallons of blended sustainable aviation fuel (SAF) for use at the airline’s international hub in Dubai (DXB). The first SAF delivery under the agreement is expected to comme... Read More »

NAA's Cargo Building No. 8 set to open in 2024, boosting ANA's logistics efficiency

Monday October 2, 2023

Narita International Airport (NAA) has unveiled plans to construct Cargo Building No. 8, a pivotal addition to Narita International’s Airport’s Cargo Terminal Area. Scheduled to commence operations in October 2024, this new facility just outside To... Read More »

Cathay Group signs order for 32 A320neo-family aircraft

Monday October 2, 2023

Hong Kong’s Cathay Group has announced the purchase of an additional 32 Airbus A320neo-family aircraft as it continues to invest in expanding and modernising its fleet. The agreement doubles the Cathay Group’s total orders for the A320neo family to 64, of ... Read More »