Dubai Aerospace has recommenced its bond repurchase program. Since the inception of the program in mid-2018, DAE has repurchased approximately US$485 million of principal amount of bonds and has remaining authorisation to repurchase a further approximately US$115 million. DAE Chief Executive Officer Firoz Tarapore said: “The current trading levels of our bonds are not consistent […]
DAE recommences bond repurchase program Read More »
Christina Trelle has been named the new Head of Human Resources at SWISS with effect from March 2, 2020. She takes over from Christoph Ulrich, who will oversee strategic HR projects. Trelle has played a pivotal role in Human Resources at SWISS as Head of HR Management for CCO and CFO Divisions. From 2003 to
New Head of Human Resources at SWISS Read More »
In conjunction with its 2019 financial result publication on February 7, 2020, Finnair announced that the direct financial impact of coronavirus during Q1 2020 would be relatively limited, even if the mainland China cancellations continued until the end of Q1 2020. At that time, Finnair forecasts that its capacity would increase by approximately 4% in
Finnair revises outlook for financial year 2020 Read More »
Textron Aviation has signed a purchase contract with Pel-Air, based in New South Wales, Australia, for five Beechcraft King Air 350 air ambulance turboprop aircraft. The aircraft, configured for multi-stretcher operations, will be equipped with the aft cargo door and heavy weight options for additional performance capabilities. Deliveries are expected to begin later this year
Boeing has named Susan Doniz as the company’s Chief Information Officer and Senior Vice President of Information Technology and Data Analytics, effective in May. She will succeed Vishwa Uddanwadiker, who has served as an interim capacity since October 2019. In this role, Doniz will oversee all aspects of information technology, information security, data and analytics
Boeing appoints new Chief Information Officer Read More »
Russian flag carrier Aeroflot, a member of the SkyTeam alliance, has taken delivery of its first A350-900, becoming the launch operator of the latest-generation wide-body aircraft in Eastern Europe and CIS. Aeroflot’s A350-900 features a distinctive new livery embracing its almost 100-year heritage. Aeroflot has a total of 22 A350-900 aircraft on order and operates
First Airbus A350-900 for Aeroflot Read More »
CFM International received orders and commitments for a total of 2,148 engines in 2019 at a value of more than US$30.7 billion, at list price, including 180 CFM56 engines (commercial, military and spares) and 1,968 LEAP engines (including spares). Since the first LEAP engine orders in 2011, CFM has garnered more than 19,010 total installed
CFM logs more than 2,100 engine orders in 2019 Read More »
Spirit’s fourth quarter 2019 revenue was US$2.0 billion, up from the same period of 2018. This increase was primarily driven by higher production volumes on the Boeing 737, 787 and Airbus A350 programs, higher revenue recognized on the Boeing 787 program, and increased Global Customer Support and Services (GCS&S) activity, partially offset by lower revenue
Spirit Aerosystem reports lower profit in 2019 Read More »
Following elevated U.S. State Department travel guidance, Delta is temporarily suspending its daily flight between New York – John F. Kennedy International Airport (JFK) and Milan Malpensa Airport (MXP). Delta’s last east-bound flight from JFK to Milan will depart on Monday, March 2, and the last west-bound flight from Milan to JFK will depart on Tuesday, March
Delta temporarily suspends Milan service Read More »
American Airlines will invest US$550 million at its base maintenance facility in Tulsa (Tech Ops – Tulsa). It is American’s largest base maintenance facility and is an integral part of operating the carrier’s fleet of nearly 1,000 mainline aircraft safely and reliably. Tech Ops – Tulsa is home to more than 5,500 team members —
American Airlines to invest US$550 million in Tulsa maintenance base Read More »
