AerCap Holdings N.V. released its transactions during the full year and fourth quarter 2015. The Company signed lease agreements for 276 aircraft and purchased 46 new aircraft. AerCap executed sale and part-out transactions for 83 aircraft and signed financing transactions for US$7.3bn. As of December 31st, 2015, AerCap’s portfolio consisted of approximately 1,700 aircraft that
Boeing and the Society of Professional Engineering Employees in Aerospace (SPEEA) announced a tentative agreement on a new six-year contract extension, following several weeks of discussions. SPEEA’s Executive Board and Bargaining Unit Councils have endorsed the offer, which will be put up for a vote by the membership from Jan. 27th to Feb. 10th, 2016
Aeromexico, Mexico’s global airline, and WestJet, Canada’s highest-rated airline for customer service, have signed a code-sharing agreement. Aeromexico and WestJet have had an interline relationship since December 2011. The new agreement will give Aeromexico’s customers enhanced connecting service via Montreal, Toronto and Vancouver to more than 10 Canadian destinations including Calgary, Edmonton, Winnipeg, Ottawa, Halifax,
Hawaiian Airlines employees represented by the International Association of Machinists and Aerospace Workers (IAM) have ratified tentative agreements reached with the airline in December. The five-year contracts boost compensation and incorporate important work rule changes benefiting more than 1,500 employees in District 141, which covers clerical, office, stores, fleet and passenger services, as well as
For the month of December, Air Canada reported a system-wide capacity increase of 7.3% and a load factor of 81.6%. On this additional capacity, traffic increased 6.0% compared to the same month in 2014.
Woodward and GE Aviation mannounced the formal creation of the large engine fuel systems joint venture announced on May 20th, 2015. Under terms of the agreements related to the joint venture, Woodward received US$250m from GE Aviation on January 5th, in exchange for GE Aviation’s acquisition of its equity interest in the joint venture. GE
V Air, a Taiwan-based LCC, enters the Japan market by launching its first Taipei-Nagoya service on December 15th. The inaugural flight ZV202 departed from Taipei Taoyuan International Airport, carrying 162 passengers, with an 85% load factor. Taipei-Nagoya route is the 4th scheduled service of V Air, marking a new milestone on the carrier’s one-year anniversary.
Lufthansa Technik, in collaboration with the MRO service provider HAECO, has been operating the first Cyclean Engine Wash Service Station in Hong Kong. Two airline customers have already been acquired for the on-site engine cleaning service: Cathay Pacific and Dragonair. Lufthansa Technik already offers its Cyclean Engine Wash in North and South America, Europe, the
UK passengers travelling on Norwegian’s low-cost flights to the U.S. this winter now have the chance to add some sun to their city break with the launch of flights to the Caribbean from U.S. cities. Norwegian’s inaugural flight from Boston to the French Caribbean island of Martinique took off December 4th, while the first flights
Ryanair posted November traffic increase of 21% compared to the same period in 2014, while the load factor for the month increased 5.0 points to 93%.
