Willis Lease Finance has reported a pre-tax profit of US$9.6m in the first quarter of 2018. The Company achieved record quarterly lease rent revenue of US$39.6m in the period driven by 86% average utilization of a portfolio that grew 9.2% to US$1.466bn at quarter-end compared to $1.343 billion at December 31, 2017. Aggregate lease rent […]
Willis Lease Finance reports first quarter pretax profit of US$9.6m Read More »
GE Aviation and ARINCDirect have agreed to engage in a collaborative arrangement to provide flight operations quality assurance (FOQA) services based on GE’s C-FOQA Centerline™ service. GE and ARINCDirect will collaborate to build data integrations between C-FOQA Centerline and ARINCDirect’s existing services, enabling FOQA data to be made available during the flight planning process. In
ARINC and GE Aviation sign digital agreement for flight analytics services Read More »
The immediate repercussions of President Trumps decision to pull out of the nuclear accord with Iran will see export licenses for Boeing and Airbus revoked according to Steve Mnuchin, U.S. Treasury secretary. While based in Toulouse, France, Airbus is directly affected as over ten percent of its planes’ parts are manufactured in the U.S. by
Boeing, Airbus Lose Out on US$40bn as Iran Export Licenses Revoked Read More »
Starting October 29, BA will be offering three-times-weekly non-stop flights direct to Durban, South Africa. The 5,935-mile flight will now take 12 hours, as opposed to the current 15-hour option which involves connecting through Johannesburg, Nairobi or Addis Ababa. Alternatively, many travellers use other routes through Istanbul, Dubai and Doha. The airline anticipates that the
BA cuts time to Durban by three hours with non-stop Dreamliner flights Read More »
Aerospace Engineering Solutions (AES Global), a UK based aerospace design and certification organisation, has obtained a new EASA Supplemental Type Certificate to allow the use of Transmitting Portable Electronic Devices (T-PED) on all Boeing 777 aircraft models. Following an intense certification effort, AES Global has developed this STC for the operator to ensure their fleet
AES Global receives EASA STC for Transmitting Portable Electronic Devices Read More »
Avolon Holdings, the international aircraft leasing company, has reported the re-pricing and extension of its senior secured US$4.75bn Term Loan B facility. The Facility has now been extended from an original maturity of April 2022 to January 2025 and has been repriced at LIBOR plus 2.00% with a LIBOR floor of 0.75%, subject to an
Avolon extends US$4.75bn Term Loan B facility to 2025 and reduces margin to 200bps Read More »
Hawaiian Airlines has announced its system-wide traffic statistics for the month ended April 30, 2018. Hawaiian welcomed more than 961 thousand guests in April 2018, an increase of 6.3% over the same period last year. Total traffic increased 7.1% on an increase of 7.3% in capacity. Load factor decreased 0.1 points to 85.2%.
Hawaiian Airlines’ traffic grows 7.1% in April Read More »
Ryanair has named Chiara Ravara as its new Head of Sales & Marketing, promoting her from her previous role as Senior Sales & Marketing Manager. Chiara has worked in Ryanair since 2014, joining from Aviareps in Italy, and will spearhead Ryanair’s Sales & Marketing team and activities across 37 countries in Europe and North Africa.
Ryanair appoints Chiara Ravara as Head of Sales & Marketing Read More »
The U.S. Bureau of Transportation Statistics has revealed that the 23 largest American carriers made a combined profit of US$15.5 billion last year, resulting in an after-tax profit being recorded for the fifth year in succession. This shows that the strong rebound from the previous ten years of losses continues. However, the airline industry has
US$15.5bn Profit for Major American Carriers in 2017 Read More »
Dubai Aerospace Enterprise (DAE) has appointed David Houlihan to the newly created position of President of DAE Capital. Under Mr. Houlihan’s leadership this business line will encompass most of DAE’s customer facing activities. This function will include the areas of Sales, Trading, Technical and the recently launched Aircraft Investor Services.
David Houlihan named President of DAE Capital Read More »
