Iberia Maintenance was awarded the contract for inspection and repair of the Rolls-Royce RB211 535-E4 engines on the B757 fleets of DHL Air UK and Blue Dart, both subsidiaries of DHL Express. The contact covers maintenance of 40 engines over a 10-year period. Iberia Maintenance already services the RB-211-535C engines belonging to the transport and […]
Iberia Maintenance to service DHL’s RB211 535-E4 engines Read More »
Airbus has reported 2017 revenues of €66.8bn (2016: €66.6bn) with higher aircraft deliveries offset by a reduction in revenues of around €2bn from the perimeter changes. Commercial Aircraft revenues rose by 3.5% with record deliveries of 718 aircraft (2016: 688 aircraft) comprising 558 A320 Family, 78 A350 XWBs, 67 A330s and 15 A380s. Helicopters’ revenues
Airbus posts full year 2017 results Read More »
Vincent Mascré has been appointed Chairman of the Executive Board of Zodiac Aerospace, and Chief Executive Officer of the company’s Seats business. Following this appointment, Jean-Paul Alary replaces him as CEO of Safran Landing Systems, and Cédric Goubet will succeed Jean-Paul Alary as CEO of Safran Nacelles.
Investors will be keeping a keen eye on how airlines approach the dual problems of rising fuel costs and labor costs this year. Last December the International Air Transport Association (IATA) highlighted these two elements, which are airlines’ highest expenditures, as the major challenge for 2018. In 2016, labor costs accounted for 22% of airlines’
Airlines Under Pressure from Higher Wages and Increased Fuel Costs in 2018 Read More »
AerCap has posted fourth quarter 2017 net income of US$266.3m compared to US$364.7m for the same period in 2016. The decrease in net income was primarily due to the fact that during the fourth quarter of 2016, AerCap recognized income from lease terminations and a gain related to the repayment of a note receivable earlier
AerCap reports financial results for full year 2017 Read More »
Lease Corporation International (LCI), a leading helicopter lessor and aviation division of the Libra Group, has closed its inaugural capital markets term loan financing, with a value in excess of US$55m. The private, senior secured tranches have a maturity of five years, and were offered to a range of US financial institutions. CIT Group and
LCI partners with CIT and Prudential Group on inaugural capital markets financing Read More »
Norwegian is continuing its global expansion by launching the UK’s first low fare route to South America, with a non-stop service from London Gatwick to Buenos Aires. The new year-round service of four weekly flights from London Gatwick to Buenos Aires Ezeiza International Airport will offer passengers more choice and low fares. Gatwick Airport CEO
Norwegian to launch first low-cost route to South America from UK Read More »
Oriens Aviation, the British Isles sales distributor for the PC-12 added to Pilatus Aircraft’s excellent year in 2017, bringing five new aircraft into service with new customers; selling its original demonstrator (G-RABB) and securing its first new-build delivery position for 2018. Oriens delivered an aircraft to a private owner in Oxford in March; one to
Oriens Aviation marks strong year with Pilatus PC-12 sales Read More »
Airbus has appointed Bruno Even Chief Executive Officer (CEO) of Airbus Helicopters, effective April 1, 2018. He will report to Airbus CEO Tom Enders and join the company’s Executive Committee. Bruno Even comes to Airbus from Safran where he was CEO of the Helicopter Engines business since 2015. He succeeds Guillaume Faury who will assume
Bruno Even appointed CEO of Airbus Helicopters Read More »
AAR, one of the leading provider of aviation services to commercial airlines and governments, was awarded a seven-year, firm-fixed price, indefinite-delivery/indefinite-quantity contract by the Naval Air Systems Command (NAVAIR) for depot airframe maintenance and depot field team support of the P-8A fleet for the Navy, government of Australia and foreign military sales (FMS) customers. Airframe
AAR wins IDIQ award from U.S. Navy for airframe maintenance of P-8A fleet Read More »
