November 8, 2018

Bombardier announces intention to cut 5,000 jobs – focus now on business jets

Financial, Top Stories / Leave a Comment

At the same time as releasing third-quarter 2018 figures, Bombardier, the Canadian plane and train manufacturer, has announced its intention to streamline the business in an attempt to reduce annual expenditure by US$250 million at full run rate through the loss of up to 5,000 jobs by 2021. According to the company, this will be …

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Ryanair has reported Q1 profits of €663 million

Ryanair signs agreement with Ver.Di, German cabin crew union

Airlines & Routes / Leave a Comment

Ryanair has signed a Collective Labour Agreement (CLA) framework and Social Plan with Ver.di, the German cabin crew union, to cover all of Ryanair’s German based cabin crew. This agreement (which is now subject to a cabin crew ballot) confirms the application of German labour law to Ryanair’s cabin crew and delivers pay increases and …

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Satair and Senior Metal Bellows extend succesful partnership

MRO & Production / Leave a Comment

Satair and Senior Metal Bellows, signed a new distribution agreement, which is an extension to an existing agreement signed in 2017. The new agreement covers the aftermarket for Europe and Asia and all commercial aerospace aftermarket products of Senior Metal Bellows, including compressors, bellows, thermal valves, accumulators, feedthroughs and much more. The extended agreement, which …

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easyJet partners with CAE to expand pilot training centres

Other News / Leave a Comment

easyJet has partnered with CAE, a global leader in aviation training, who will deliver a fleet of brand new flight simulators to the airline and establish three new European easyJet pilot training locations, which are set to become the most modern pilot training facilities in Europe. As part on the new agreement, CAE will build …

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Airbus reports nine-months 2018 financial results

Financial / Leave a Comment

Airbus Group has reported consolidated net income of €1,453 million (9m 2017: € 1,398 million) and earnings per share of € 1.88 (9m 2017: € 1.81(1)) included a negative impact from the foreign exchange revaluation of financial instruments partly offset by the positive revaluation of certain equity investments. The finance result was €-413 million (9m …

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AAR and Ameco sign long-term RB211 repair deal at MRO APAC

MRO & Production / Leave a Comment

AAR, a global provider of aftermarket aviation services for commercial airlines, has signed a long-term contract with Ameco, an MRO expert in RB211 repair and disassembly, on Wednesday at MRO APAC. The deal positions AAR to provide long-term support to customers in the market for this Rolls-Royce engine. The agreement includes AAR’s cooperation with Ameco …

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SIA Engineering posts profit of S$78.5 million for first half FY 2018-19

Financial / Leave a Comment

SIAEC Group has recorded a profit attributable to owners of the parent of S$78.5 million for the half year ended 30 September 2018. Revenue of S$509.0 million saw a decrease of S$38.5 million or 7.0%, mainly from lower airframe and fleet management revenue. Expenditure came down by S$21.2 million or 4.2%, mainly from lower material …

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China will need more than 7,400 new aircraft in the next 20 years

Aircraft & Engines / Leave a Comment

China will need over 7,400 new passenger aircraft and freighters from 2018 to 2037, with a total market value of US $1,060 billion, according to Airbus’ latest China Market Forecast. It represents more than 19% of the world total demand for over 37,400 new aircraft in the next 20 years. According to Airbus’ 2018-2037 Global …

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AEI continues B737-400SF program success with order from Automatic

MRO & Production / Leave a Comment

Aeronautical Engineers (AEI) has signed a contract with Automatic to provide the company another B737-400SF freighter. In the beginning of this year, AEI celebrated delivering its 100th B737-400SF freighter conversion and orders for the conversion platform remain strong. The Automatic B737-400 (MSN 25853) commenced modification yesterday and will be re-delivered in early March 2019. The …

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WestJet reports October load factor of 80.9%

Traffic / Leave a Comment

WestJet announced October 2018 traffic results with a load factor of 80.9%, a decrease of 0.8 percentage points year over year. Traffic increased 7.4% year over year, while capacity grew 8.5% over the same period. WestJet welcomed an additional 86,000 guests in October, a year over year increase of 4.4%. Year to date traffic growth …

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Bombardier announces intention to cut 5,000 jobs – focus now on business jets

Ryanair signs agreement with Ver.Di, German cabin crew union

Satair and Senior Metal Bellows extend succesful partnership

easyJet partners with CAE to expand pilot training centres

Airbus reports nine-months 2018 financial results

AAR and Ameco sign long-term RB211 repair deal at MRO APAC

SIA Engineering posts profit of S$78.5 million for first half FY 2018-19

China will need more than 7,400 new aircraft in the next 20 years

AEI continues B737-400SF program success with order from Automatic

WestJet reports October load factor of 80.9%

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8 November 2018

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