DVB’s consolidated net income before IAS 39 and taxes declined slightly to €37.1m for the first quarter of 2012, down 6.3% year-on-year (Q1 2011: €39.6m). Total income (comprising net interest income after allowance for credit losses, net fee and commission income, results from investments in companies accounted for using the equity method, and net other
Cessna Aircraft Company introduced its newest and longest-range business jet, the Citation Longitude at the European Business Aviation Convention and Exhibition (EBACE). This launch follows on the heels of Cessna’s announcement, just over six months ago, of the new Citation M2 and Citation Latitude. Boasting a 4,000-nautical-mile range and a maximum speed of Mach .86,
WestJet has launched a code-sharing arrangement with Korean Air, the largest airline in South Korea. This code-share agreement will allow Korean Air to market and distribute WestJet-operated flights by placing its “KE” flight indicator on WestJet-operated flights in North America. This will enhance the travel possibilities for Korean Air guests by allowing seamless access to
International Airlines Group (IAG) reported a consolidated first quarter operating loss of €249m before exceptional items (2011: €102m loss), loss before tax for the quarter was €263m (2011: €47m loss). The Group repored a net loss of €146m for the quarter. Revenue was up 7.8% to €3,919m (2011: €3,636m), including €40m or 1.1% of favourable
AMR reported April consolidated traffic increased an estimated 11.6% compared to the prior year period. The Company reported an April consolidated load factor of 82.9%, an increase of 2.5 points versus the same period last year and a 3.2% decrease in capacity year-over-year.
AeroCentury, an independent aircraft leasing company, reported its operating results for the first quarter ended March 31, 2012. The Company reported net income of $1.3m for the first quarter of 2012, compared to a net loss of $2.3m for the first quarter of 2011. Total revenues were $6.8m for the first quarter ended March 31,
While on a promotion tour in Indonesia, a Sukhoi Superjet 100 disappeared from radar screens during a demonstration flight close to the city of Jakarta, Indonesia, The National Post reported. On board the aircraft were 46 people. Indonesia’s search and rescue agency said radio contact with the plane was lost at about 0800 GMT after
Vueling reported April 2012 traffic increase of 25.7%, while capacity increased 19.8% compared to the same period in 2011. The company has reached a load factor of 76.9%, 3.6 points higher than last year.
Djibouti Dubai Express Holding Company, trading as DAALLO Airlines, the national carrier of Djibouti, has purchased a BAe 146-200 from UK-based aircraft management company Falko. The aircraft, bearing manufacturer’s serial number E2074, has been recently delivered and will be used on regional airline services linking the Republic of Djibouti to neighbouring countries in the Horn
Virgin America released that it narrowed its fourth quarter operating loss to $8.1m (a 29% year-over-year improvement) and its fourth quarter margin to (2.9%) – an improvement of three points year-over-year. The airline’s full year operating loss was $27.4m on revenues of over $1bn. Top line growth remained strong with revenue gains significantly outpacing capacity
