IAG reported strong full year results with an operating profit before exceptional items of €1,390m, up 80.5%. Total revenue was up 8.0% with non-fuel costs up 7.0% and fuel costs up 0.6% on capacity growth of 9.3%. Iberia made an operating profit of €50m compared to an operating loss of €166m last year. British Airways’ […]
Lord Corporation of Cary, North Carolina – a global leader in the management of vibration, motion and noise control – has signed a non-exclusive distribution agreement with Copenhagen-based Satair Group for its commercial fixed-wing product line commencing February 2015. Under the agreement, which focuses on the European, Middle East and African markets (EMEA), Satair Group
Lord Corporation and Satair Group sign distribution agreement for aerospace products Read More »
Airbus has decided to further increase the production rate for its very successful A320 Family to 50 aircraft per month from Q1 2017, matching market demand. Additionally, Airbus is adjusting the A330 production rate to six a month from Q1 2016 as it transitions towards the A330neo. With over 11,500 Airbus single aisle aircraft sold
Airbus increases A320 rate, adjusts A330 for NEO transition Read More »
Nordic Aviation Capital confirmed that it has delivered one ATR 72-500, MSN 874, on lease to Passaredo, an airline based in Ribeirão Preto, São Paulo, Brazil. Passaredo operates regional services in Brazil, with its main base at Dr. Leite Lopes Airport, Ribeirão Preto. Passaredo is a new customer for NAC.
NAC delivered one ATR 72-500 to Passaredo on lease Read More »
Erno Hildén, Finnair’s Chief Financial Officer and member of the company’s Executive Board, will leave the company on April 30th, 2015. Hildén has made a long career in different leadership roles at Finnair. He has served the company since 1997 and has been a member of the Executive Board since 2009. Mika Stirkkinen, Vice President,
CFO Erno Hildén leaves Finnair Read More »
Air Lease Corporation reported another consecutive quarter of record fleet, revenue and profitability growth: Diluted EPS increased 32% to US$2.38 per share for the year ended December 31st, 2014 compared to US$1.80 for the year ended December 31st, 2013. Revenues increased 22% to S$1bn for the year ended December 31st, 2014 compared to US$859m for the year
Air Lease Corporation announces fiscal year and fourth quarter 2014 results Read More »
AWAS has agreed to acquire a portfolio of four late-model narrowbody passenger aircraft from BOC Aviation; three 737-800s and one A320-200. These aircraft are all subject to long-term leases with their respective airlines. Ray Sisson, President & CEO AWAS commented, “Acquisitions in the secondary market are a key pillar of AWAS’ growth plan. This is
AWAS to acquire portfolio of four narrowbody aircraft from BOC Aviation Read More »
It seems claims that Gulf carriers received government aid in excess of US$40bn to operate competitively will not go away. For Delta, United and American Airlines, the Open Skies Agreement, which was signed between the UAE, Qatar and the US nearly 20 years ago, is seen as an uneven playing field where government aid enabled
Royal Jet, the Middle East’s foremost private charter company, headquartered in Abu Dhabi, capital of the United Arab Emirates (UAE), has awarded SR Technics, one of the world’s leading technical providers of solutions to airlines, a five-year contract to maintain, repair and overhaul their CFM56-7B engine fleet.The CFM56-7B engines are currently in service on Royal
Royal Jet awards SR Technics contract for twelve CFM 56-7B engines Read More »
Fokker Elmo, a business unit of Fokker Technologies and SASMOS HET Technologies formally inaugurated their joint venture for the production of Electrical Wiring Interconnection Systems (EWIS) for aircraft and engines, thus supporting the “Make in India” policy. The inauguration has taken place at the Joint Venture facility in Whitefield, Bangalore. The current SASMOS facility employs
Fokker and SASMOS celebrate inauguration of Indian Joint Venture Read More »
