Rolls-Royce reported a net loss of £4.03bn (US$5.02bn) for the full year 2016. The pre-tax loss was £4.6bn, with underlying profit of £813m, down from 2015’s £1.43bn. The company reported revenue for 2016 of £14.96bn, up 9% from £13.72bn the previous year. In January 2017 Rolls-Royce had entered into Deferred Prosecution Agreements (DPAs) with the […]
Rolls-Royce posts full year 2016 net loss of £4.03bn Read More »
As part of a 1.2 billion euro (US$1.27 billion) loan agreement with the International Monetary Fund (IMF) in 2015, a number of Serbian state-owned companies, including Belgrade’s Nikola Tesla Airport have had to be sold off. As a consequence, bids are now being invited for a 25-year concession for the capital’s international airport, the largest
25-year concession for Serbia’s Belgrade Airport– bids invited Read More »
Pratt & Whitney will invest approximately US$386m in its Columbus, Georgia, facility to increase the production of parts and maintenance services and to reduce costs for new and existing engine programs. The investments will go toward the purchase of automated machinery and equipment upgrades and construction of two new buildings on the property. The building
Pratt & Whitney expanding business in Columbus, Georgia Read More »
Boeing’s 787-10, the newest member of the 787 Dreamliner family, will be rolled out on February 17, at Boeing South Carolina in North Charleston. The airplane begins flight testing later this year and will be delivered to airline customers starting in 2018. The 787-10, built exclusively at Boeing South Carolina, has received 149 orders from
Boeing 787-10 Dreamliner debuts on February 17. Read More »
Liebherr-Aerospace has opened a new regional office in Bangalore on February 13, 2017. The opening underlines the aviation system supplier’s long-term strategy to increase its presence and to enlarge its footprint in India. The facility is ideally located in Whitefield, in the heart of Bangalore’s aerospace hub, and will employ staff with a solid industry
Liebherr-Aerospace opens new office in India Read More »
Aircraft remarketing specialist Airstream International Group has arranged the sale of an Embraer ERJ-145LU on behalf of Luxair. The aircraft, serial number 145147, was sold to Regourd Aviation. This is the last of a fleet of six ERJ-145LU’s that Airstream has successfully remarketed on behalf of Luxair.
Airstream completes sales of Embraer Regional Jets Read More »
Atlas Air Worldwide reported that its Atlas Air unit has entered into an agreement to operate one of its Boeing 747-400 Freighters for Asiana Cargo. The contract is initially for one aircraft to be provided and operated by Atlas Air and to be flown on key global routes across the transpacific, connecting Korea with several
Atlas Air to operate 747-400F service for new customer Read More »
Aircastle reported fourth quarter 2016 net income of US$67.7m and adjusted net income of US$70.5m. Net income for the year ended December 31, 2016 was US$151.5m and adjusted net income was US$168.5m. The fourth quarter results included lease rental revenues of US$191.7m, an increase of 3%, versus US$185.7m in the fourth quarter of 2015. For
Aircastle reports fourth quarter and full year 2016 results Read More »
Widerøe, the largest regional airline in Scandinavia, will be the first airline to receive the brand-new E190-E2 jet, the first member of the E-Jets E2, the second generation of the E-Jets family of commercial aircraft. As the launch operator of the model, Widerøe will receive their first aircraft in the first half of 2018. Widerøe
Norway’s Widerøe to become E190-E2 launch operator Read More »
Dassault Aviation has selected Sabena technics as a partner for the modification of four Falcon 50 Ms aircraft belonging to the French Navy. The Falcon 50Ms aircraft carry out daily missions of surveillance and maritime rescue. After modification, the cabins will be equipped with a hatch which will allow a rescue boat (the SAR chain)
Dassault Aviation grants Falcon modification contract to Sabena technics Read More »
