Alaska Air Group reports fourth quarter net income of US$23 million

Alaska Air Group has reported fourth quarter 2018 GAAP net income of US$23 million, compared to US$315 million in 2017. Excluding the impact of merger-related costs, other special items, and mark-to-market fuel hedge adjustments, the company reported fourth quarter adjusted net income of US$93 million, compared to adjusted net income of US$88 million in the […]

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GKN Aerospace delivers 10,000th standard parts order to RNLAF

Military & Defense

In December 2018, GKN Fokker Services delivered its 10,000th order for standard parts to the Royal Netherlands Air Force (RNLAF). The order was delivered at the Air Force Base of Eindhoven. This milestone was reached 18 months after the implementation of the total support contract. This customized solution is offered by GKN Fokker Services in

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JAL and Marubeni to establish Business Jet Service company

Airlines & Routes

Japan Airlines (JAL) and Marubeni have announced the establishment of a new business jet company to meet the expanding demand of the service in Japan. Services will include the arrangement of the charter flight, management of the privately owned aircraft and provide operational and concierge services to business jet operators and to customers flying to

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Liebherr to supply Boeing 787 Nose Wheel Steering Remote Electronic Unit

MRO & Production

Liebherr-Aerospace has been selected by Boeing to deliver the Nose Wheel Steering Remote Electronic Unit for the 787 Dreamliner. This contract from Boeing marks an important milestone in Liebherr’s stand-alone electronics strategy to bring the modular technology of ultra-versatile remote electronic units to the skies. One unit of the Remote Electronic Unit (REU) is installed

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Vx Capital Partners closes all-freighter aircraft securitization

Financial

Vx Capital Partners (Vx) has closed its inaugural asset-backed deal, becoming the first issuer since 1999 to securitize an all-freighter portfolio. The loan-format issuance generated US$189 million across three classes of term loans, secured by thirty-five 737 Classic freighters. Most of the aircraft were originally acquired in passenger configuration by Vx and subsequently converted and

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Bombardier agrees to buy Global 7500 aircraft wing program from Triumph Group Inc.

Financial

Bombardier, the Canadian plane and train maker, has signed a definitive agreement to buy Triumph Group Inc.’s Global 7500 wing program in a bid to strengthen its position as a leading aerostructures manufacturer, while also securing the production ramp-up and long-term success of the company’s flagship business jet. The wing program will be incorporated into

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Pilots and management of Air France reach tentative agreement

Airlines & Routes

Following negotiations between Air France management and the two unions representing its pilots, SNPL and SPAF, a tentative agreement has been reached. This draft agreement proposes changes in pilot remuneration and introduces the necessary flexibility on certain rules of use to support Air France’s strategy. The SNPL Board, which met January 23, voted in favour

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Tal Golan joins Universal Avionics

People

Dan Reida, V.P. of Sales, Marketing, and Support for Universal Avionics (UA), has announced that Tal Golan has been appointed to the newly created position of Rotorcraft Business Development Manager. Golan joins UA with an extensive aviation and business development background and 20 years of experience in the commercial aviation industry as a pilot of

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Turkish Airlines to launch first flight to Mexico

Airlines & Routes

Turkish Airlines will launch its inaugural flight to Mexico on August 21, 2019 with a triangle route from Istanbul (IST) to Mexico City (MEX) and Cancun (CUN). The route will operate three times a week and passengers will be the first to experience the airline’s new B787-9 aircraft, which debuts its latest Business Class. The Mexico

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UK’s MAC Aero Interiors lands TUI Group with Boeing 767 retrofit works

MRO & Production

MAC Aero Interiors, has signed a four-year contract with TUI Group for the refurbishment and retrofit of its Boeing 767’s lavatories. The new cooperation between TUI Group and MAC Aero Interiors covers the production of 20 lavatory units for TUI’s Boeing 767-300 fleet. Under the contract, MAC Aero Interiors will develop and produce new lavatory

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Heike Tamm

Alaska Air Group reports fourth quarter net income of US$23 million

GKN Aerospace delivers 10,000th standard parts order to RNLAF

JAL and Marubeni to establish Business Jet Service company

Liebherr to supply Boeing 787 Nose Wheel Steering Remote Electronic Unit

Vx Capital Partners closes all-freighter aircraft securitization

Bombardier agrees to buy Global 7500 aircraft wing program from Triumph Group Inc.

Pilots and management of Air France reach tentative agreement

Tal Golan joins Universal Avionics

Turkish Airlines to launch first flight to Mexico

UK’s MAC Aero Interiors lands TUI Group with Boeing 767 retrofit works

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