17 February 2020

Chaos continues at London Heathrow after Storm Dennis and massive technical failure on Sunday

With winds up to 90 mph and a month’s rainfall in a 48-hour period, conditions at Heathrow Airport were already precarious for the half-term holiday weekend with the cancelation of hundreds of flights when, on Sunday, the airport was hit with a major system failure for check-ins and provision of flight information which caused further …

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Collins Aerospace and Lufthansa Technik sign A320neo nacelle MRO license agreement

Collins Aerospace Systems and Lufthansa Technik have signed a licensing agreement for nacelle Maintenance Repair and Overhaul (MRO) services on A320neo aircraft. Collins Aerospace, the original equipment manufacturer for the A320neo PW1100G nacelle, has more than 1,100 nacelles in service on this aircraft platform.  The agreement, which continues the collaboration between Collins Aerospace and Lufthansa …

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Norwegian reports full-year 2019 net loss of NOK 1,609 million

Norwegian has reported its full-year and fourth-quarter 2019 results. Year on year, unit revenue increased in nine consecutive months, driven by maturing routes and the optimization of Norwegian’s global route network. The punctuality has improved considerably during the past six quarters, and in the fourth quarter 2019 it was up 3.1 points to 82.6%. Figures …

Norwegian reports full-year 2019 net loss of NOK 1,609 million Read More »

Farsound Aviation continues to grow U.S. operations

Back in the summer of 2018, Farsound Aviation Limited (Farsound) acquired Sterling Aircraft Products, based in Toronto, Canada. With the re-branding to Farsound Aviation, the North American facility has gone from strength to strength, working closely with OEMs and their sub-tiers to deliver reliable, cost-effective supply solutions. Lee Kelsey, Farsound Aviation’s group sales director, notes:“We …

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Willis Lease to manage phase-out of SAS’ 737NG installed engine fleet

Willis Lease Finance Corporation has entered into an agreement with Scandinavian Airline System (SAS) to manage the phase-out of SAS’s Boeing 737NG installed engine fleet over the next four years. “The Willis orchestrated phase-out may allow for SAS to realize superior returns from the monetization of its assets over time relative to an outright sale …

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Avia Solutions Group acquires Aviator from Accent Equity

Avia Solutions Group (ASG), a global multipurpose aviation services company, has signed an agreement on February 14, to acquire Aviator, a full-range aviation services provider for the Nordic region, from the investment fund Accent Equity 2008 L.P. Offering flexible and cost-effective solutions that meet the demand for high-quality support services of a wide range of …

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Elix Aviation Capital delivers one ATR 72-500 to SkyJet Airlines

Elix Aviation Capital (Elix) has delivered one ATR 72-500, MSN 748, on lease to SkyJet Airlines.  Through this delivery, Elix supports SkyJet Airlines’ fleet expansion to increase inter-island connectivity to grow tourist passenger numbers across the Philippines. Founded in 2012, leisure airline SkyJet Airlines is one of the young and fast-growing carriers providing transportation solutions …

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Air Lease Corporation posts fiscal year and fourth-quarter 2019 results

Air Lease Corporation (ALC) has reported financial results for the year and three months ended December 31, 2019. ALC has reported revenues of US$549 million for the three months ended December 31, 2019, an increase of 21.9% and US$2.0 billion for the full year 2019, an increase of 20.1%. Diluted earnings per share was US$1.42 …

Air Lease Corporation posts fiscal year and fourth-quarter 2019 results Read More »

U.S.-EU Trade War Escalates as Trump Increases Tariff on European-built Airbus Jets to 15%

U.S. authorities have announced that the Trump administration will be increasing the 10% tariff on imported Airbus jets imposed in October last year to 15%, commencing March 18. The increase has been approved by the World Trade Organization (WTO) as a punitive and retaliatory measure imposed by the USA on Airbus as a consequence of …

U.S.-EU Trade War Escalates as Trump Increases Tariff on European-built Airbus Jets to 15% Read More »

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