GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing arm of GE, announced delivery of four new leased Boeing 737-800 aircraft, powered by CFM56 engines, to Hainan Airlines to expand the carrier’s fleet. The aircraft were part of GECAS’ existing order book with Boeing.
The International Air Transport Association (IATA) revised its 2016 financial outlook for global air transport industry profits upwards to US$39.4bn (from US$36.3bn forecast in December 2015). That is expected to be generated on revenues of US$709bn for an aggregate net profit margin of 5.6%. 2016 is expected to be the fifth consecutive year of improving
Liebherr-Aerospace Toulouse SAS, Toulouse (France) will supply the integrated air management system for Antonov’s new aircraft, the AN-132D. Representatives from Liebherr-Aerospace and the Ukrainian aircraft manufacturer signed the contract on June 1, 2016, at ILA Berlin Airshow. Liebherr-Aerospace Toulouse SAS center of excellence for air management systems will design, supply and service the air management
Virgin Atlantic and Delta Air Lines announced changes to their respective summer 2017 schedules to optimize their joint network between the United Kingdom and the United States. The move reflects the strong partnership between the two airlines, which is focused on offering customers more travel choices and flexibility. Virgin Atlantic will start flying between Seattle
West Star Aviation will be expanding their Chattanooga (KCHA) location to feature a full service maintenance hangar and a state-of-the-art paint facility in addition to their Grand Junction, CO and East Alton, IL locations. West Star’s Chattanooga location will begin construction on the 13 acres allocated for expansion in the fourth quarter of 2016, with
Delta Air Lines launched its new nonstop flight between New York’s John F. Kennedy airport and Edinburgh, Scotland, on May 26th. The new year-round service extends Delta’s U.K. network into Scotland. According to the U.K.’s Office for National Statistics, the United States is the number-one inbound tourism market to Scotland, with nearly a half-million visitors
Etihad Airways, Etihad Airport Services, airberlin, Air Serbia, Air Seychelles and Alitalia have successfully raised a further US$500m in a second platform financing transaction, following the success of last year’s bond which raised US$700m. James Hogan, President and Chief Executive Officer of Etihad Aviation Group, said: “With this second successful transaction, the international financial markets
FedEx has acquired TNT Express. The €4.4bn acquisition combines the strengths of the companies – the world’s largest air express network and an unparalleled European road network, which will expand the existing FedEx portfolio and reshape the global transportation and logistics industry. “This acquisition is a significant accomplishment and marks the beginning of a new
IBA (International Bureau of Aviation) has opened its Dublin office as part of an expansion programme to provide access to IBA’s expert consulting and analysis in strategic locations worldwide. Given both the high number of IBA’s clients who are based in Dublin, and the continuing arrival of international investors and lessors, opening an office in
Iceland’s premier airline, Icelandair, launched new seasonal service from Montreal, Canada. The flights from Pierre Trudeau International Airport mark the arrival of the airline’s first gateway in the province of Quebec, and 16th in North America. .
