The Wing Aviation unit of Alphabet Inc, a sister unit of Google, has become the first U.S. company to be awarded air carrier certification by the FAA. As a result, Wing aims to commence food deliveries by drone in Blacksburg, Virginia, later this year. This means drones will be operated beyond line of sight and […]
Google’s Alphabet gets FAA go-ahead for first U.S. drone deliveries Read More »
Aircraft leasing and trading company AviaAM Leasing, earned €49.3 million revenues (including net gain on sale of aircraft) and posted a record net profit of €29.1 million for the year ended 31 December 2018. The net profit grew by 9% as compared to 2017 (€26.8 million). Last year the company together with its joint venture,
AviaAM Leasing posts net profit of €29.1 million for 2018 Read More »
IFS the global enterprise applications company, has posted its financial results for the first quarter that ended March 31, 2019. Net revenue for the quarter increased 29% to US$154 million on the back of a remarkable 67% growth in licence revenue, mainly driven by a massive influx of new customers across the globe. These outstanding
IFS reports 67% increase in licence revenue Read More »
MRO service provider SR Technics, has completed a complex cabin refurbishment on four Airbus 330-200s for partner Virgin Atlantic Airways. In addition to a customized trolley stowage unit, the cabin reconfiguration introduced business class and premium economy seating including IFE. Despite the tight deadline and the fact that the project took place during the busy
SR Technics Engineering finishes complex cabin reconfiguration for Virgin Atlantic Read More »
Boeing Commercial Airplanes first-quarter revenue was US$11.8 billion, down 9%, reflecting lower 737 deliveries partially offset by favorable mix. First-quarter operating margin was 9.9% reflecting lower 737 deliveries partially offset by a higher margin on the 787 program. The reported margin also reflects increased costs associated with the recent 737 production rate adjustment. During the
Boeing Commercial Airplanes’ first quarter revenue down 9% Read More »
Finnair has released its first quarter 2019 results, reporting revenue increase of 5% to €672.9 million compared to €641.1 million the previous year. Available seat kilometres grew by 19.4%, while the load factor for the quarter was down 4.6 points to 78.3%. Comparable operating result was €-16.2 million, compared to €14.6 million in the first
Finnair posts first quarter results Read More »
Aerospace and defence supply chain provider, Pattonair, has won a new conctract with MRO specialist, TEXL, the Chinese based joint venture between Swire Group and GE. Pattonair is one of the most innovative provider in the MRO sector and this new award with TEXL, supporting the GE90 engine, draws on its track record and experience
Pattonair announces new contract win with TEXL Read More »
Aergo Capital has partnered with Deutsche Bank (London Branch) to finance two 2009 vintage Airbus A321-200 aircraft, both subject to lease with Air Transat (Canada). The aircraft are subject to long term operating leases with Air Transat and were acquired by Aergo Capital in August of 2018. Fred Browne, Chief Executive Office of Aergo Capital,
Aergo Capital finances two A321s with Deutsche Bank Read More »
CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing (CDB Leasing), announced the closing of a US$525 million unsecured credit facility, which marks the company’s first such syndicated transaction. The five-year facility, which will be used for general corporate purposes, was led by Bank of China (Hong Kong) Limited, Crédit Agricole
CDB Aviation closes US$525 million unsecured credit facility Read More »
Guernsey-based Aurigny Air Services has chosen OASES, Commsoft’s MRO IT system, to support its fleet of Embraer, ATR and Dornier aircraft. Implementation of OASES will begin shortly and the system will be shared by Aurigny’s sister company, Anglo Normandy Aero Engineering. Combining a technical sophistication with an intuitive user interface, OASES is structured in a
Channel Islands airline, Aurigny, opts for OASES from Commsoft Read More »
