February 14, 2018

Airlines Under Pressure from Higher Wages and Increased Fuel Costs in 2018

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Investors will be keeping a keen eye on how airlines approach the dual problems of rising fuel costs and labor costs this year. Last December the International Air Transport Association (IATA) highlighted these two elements, which are airlines’ highest expenditures, as the major challenge for 2018. In 2016, labor costs accounted for 22% of airlines’ […]

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AerCap reports financial results for full year 2017

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AerCap has posted fourth quarter 2017 net income of US$266.3m compared to US$364.7m for the same period in 2016. The decrease in net income was primarily due to the fact that during the fourth quarter of 2016, AerCap recognized income from lease terminations and a gain related to the repayment of a note receivable earlier

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LCI partners with CIT and Prudential Group on inaugural capital markets financing

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Lease Corporation International (LCI), a leading helicopter lessor and aviation division of the Libra Group, has closed its inaugural capital markets term loan financing, with a value in excess of US$55m. The private, senior secured tranches have a maturity of five years, and were offered to a range of US financial institutions. CIT Group and

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Norwegian to launch first low-cost route to South America from UK

Airlines & Routes / Leave a Comment

Norwegian is continuing its global expansion by launching the UK’s first low fare route to South America, with a non-stop service from London Gatwick to Buenos Aires. The new year-round service of four weekly flights from London Gatwick to Buenos Aires Ezeiza International Airport will offer passengers more choice and low fares. Gatwick Airport CEO

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Oriens Aviation marks strong year with Pilatus PC-12 sales

Aircraft & Engines / Leave a Comment

Oriens Aviation, the British Isles sales distributor for the PC-12 added to Pilatus Aircraft’s excellent year in 2017, bringing five new aircraft into service with new customers; selling its original demonstrator (G-RABB) and securing its first new-build delivery position for 2018. Oriens delivered an aircraft to a private owner in Oxford in March; one to

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Bruno Even appointed CEO of Airbus Helicopters

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Airbus has appointed Bruno Even Chief Executive Officer (CEO) of Airbus Helicopters, effective April 1, 2018. He will report to Airbus CEO Tom Enders and join the company’s Executive Committee. Bruno Even comes to Airbus from Safran where he was CEO of the Helicopter Engines business since 2015. He succeeds Guillaume Faury who will assume

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AAR wins IDIQ award from U.S. Navy for airframe maintenance of P-8A fleet

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AAR, one of the leading provider of aviation services to commercial airlines and governments, was awarded a seven-year, firm-fixed price, indefinite-delivery/indefinite-quantity contract by the Naval Air Systems Command (NAVAIR) for depot airframe maintenance and depot field team support of the P-8A fleet for the Navy, government of Australia and foreign military sales (FMS) customers. Airframe

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Air Lease Corporation announces placement of Airbus A320-200neo with Atlantic Airways

Aircraft & Engines / Leave a Comment

Air Lease Corporation has signed a long term lease agreement for one Airbus A320-200neo with Atlantic Airways, the national airline of the Faroe Islands. The aircraft will deliver in March 2019 from ALC’s order book with Airbus. “We are very pleased to announce this new lease placement with Atlantic Airways, a new customer for ALC,”

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ATSG subsidiaries select IFS Maintenix for fleet maintenance management solution

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IFS, the global enterprise applications company, has reported that Air Transport Services Group (ATSG), a provider of medium wide-body aircraft leasing, air cargo transportation and related services, has selected IFS Maintenix to deliver comprehensive fleet maintenance management across its two cargo airline subsidiaries – ABX Air and Air Transport International – and its aircraft leasing

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