GOL Linhas Aereas Inteligentes reported its consolidated results for the fourth quarter and the full year of 2016. GOL reported a net loss for the quarter of R$30.2m (US$8.7m) compared to the fourth quarter of 2015, representing a negative 1.1% net margin. The airline reported full-year 2016 net income was R$1.1bn (US$316.1m), on revenues of […]
GOL reports fourth quarter 2016 net loss of R$30.2bn (US$8.7m) Read More »
Honeywell has received a multi-million dollar, multi-year contract to implement a new airfield ground lighting control and monitoring system at Singapore Changi Airport, Southeast Asia’s busiest hub and one of the most frequented airports in the world. The Honeywell system will play a critical role in helping Changi Airport safely and efficiently accommodate the expected
Honeywell lights way for Singapore Airport expansion Read More »
AerFin have completed the acquisition of 737-800, MSN 29041. The Investec Global Aircraft Fund, was the lessor of the aircraft and had been managing the lease of the aircraft to Indian airline operator Jet Airways since 2007. AerFin’s acquisition of the 737NG represents their first aircraft purchase of 2017, and follows on from a successful
AerFin complete acquisition of ex-Jet Airways Boeing 737NG Read More »
Zodiac Aerospace & MGT have signed a strategic agreement for the worldwide distribution of landing gear conduit assemblies. This distribution agreement sets the stage for MGT, landing gear and hydraulic spares specialist, to introduce a new product line in their already vast portfolio of component spares; thus reinforcing their position as a global supplier of
MGT and Zodiac Aerospace sign strategic agreement Read More »
Despite a substantial improvement over the company’s loss of US$5.34bn for the financial year 2015, Bombardier, the Canadian plane and train manufacturer has reported continued losses for the financial year 2016 at US$981m. While 2015’s loss was sweetened by the announcement of a substantial order, Bombardier Aerospace, the world’s third-largest aircraft manufacturer had no such
Bombardier charts net loss of US$98m for financial year 2016 Read More »
Global expansion driven by new routes, high load factors and continued fleet renewal, contributed to Norwegian’s best ever annual result, with a net profit of NOK1,135m (£109m). Operating profit (EBIT) was NOK1,820m. The results are influenced by Norwegian’s international growth, particularly on intercontinental routes, as well as increased presence in the UK and Spain. The
Norwegian reports 2016 net profit of more than NOK1.1bn Read More »
The Boeing 787-10 Dreamliner, the third member of the 787 Dreamliner family, made its debut on Friday, February 17, at Boeing South Carolina. Thousands of employees at the North Charleston, S.C. site celebrated the event along with U.S. President Donald Trump and South Carolina Governor Henry McMaster. “What’s happening here at Boeing South Carolina is
Boeing debuts 787-10 Dreamliner Read More »
Air Canada reported record full year 2016 EBITDAR, excluding special items, of CA$2.768bn, compared to the previous record of CA$2.542bn recorded in 2015, an increase of CA$226m or 8.9% and surpassing the 6 to 8% increase projected in its November 7, 2016 news release. On a GAAP basis, Air Canada reported operating income of CA$1.345bn
Air Canada reports 2016 net income of CA$876m Read More »
Air Lease Corporation (AL) has signed long term lease agreements with Air Mauritius for two new Airbus A330-900neo aircraft, outfitted with latest-generation Rolls-Royce Trent 7000 engines. The aircraft are from ALC’s order book with Airbus and are scheduled to deliver in September and October 2018.
PEMCO World Air Services (PEMCO) has signed an agreement with YTO Cargo Airlines (YTO) for three B737-300 P-to-F converted aircraft. China-based YTO, which is currently operating one B737-300 PEMCO-converted aircraft, will take redelivery of the three aircraft through Q4 2017. The B737-300 PEMCO-converted aircraft features nine pallet positions, up to 43,100 pounds of payload, and
Pemco secures YTO Carbo Airlines contract for Passenger-to-Freighter conversion Read More »
