Air Canada reported an operating loss of $93 million in the first quarter of 2012 compared to an operating loss of $66m in the first quarter of 2011. Air Canada reported a net loss of $210m in the first quarter of 2012 compared to a net loss of $19m in the first quarter of 2011.
US Airways Group said passenger traffic had risen 2.1% in April 2012, while capacity increased by 1.6% compared to the same period in 2011. The airline said its load factor increased 0.4 points to 83%.
Jean-Brice Dumont has been named within the Eurocopter Group as Chief Technical Officer (CTO) and Head of Engineering. In this function, he will be reporting directly to Eurocopter CEO Lutz Bertling and will be a member of the Eurocopter Executive Committee. Mr Dumont succeeds Jean-Michel Billig, Eurocopter Chief Technical Officer (CTO) and Head of Engineering,
Aeronautical Engineers (AEI) has been selected by Aviation Capital Group (ACG) to provide one B737-400SF 11 Pallet Configuration Freighter Conversion. Following conversion ATRAN Cargo Airlines based in Moscow, an airline of the Volga Dnepr Group will operate the freighter. The aircraft is a high gross weight B737-400 (MSN 28663) built in 1997 and is currently
Component Control released that long-term customer Avioserv San Diego, a global provider of aftermarket aircraft engine parts and lease engines, continues to grow its state-of-the-art IT infrastructure by moving to Quantum’s Max-Q Oracle database. Since 2004, Avioserv has leveraged the Quantum Control software to manage its high-volume parts, sales and leasing business. Avioserv was also
WestJet reported record first quarter 2012 net earnings of $68.3m, up from net earnings of $48.2m reported in the first quarter of 2011. Total revenues increased 15.3% to $891.0m in the first quarter. WestJet’s operating cash flow per share was $1.87, an increase of 31% year over year. Based on the trailing twelve months, the
Since its establishment in 2008, Mitsubishi Aircraft Corporation (MITAC) has conducted world-wide Mitsubishi Regional Jet (MRJ) sales campaigns focusing on the 70-100 seat regional jet market, that is envisioned to exceed more than 5,000 units over the next 20 years. Following an in-depth review of the MRJ program, MITAC announced that the MRJ’s first flight
US Airways Group reported first quarter 2012 net loss excluding net special credits was $22m. Net loss excluding net special charges for the first quarter 2011 was $110m. On a GAAP basis, the Company reported a net profit of $48m for its first quarter 2012 compared to a net loss of $114m for the same
Southwest Airlines reported its first quarter 2012 results. First quarter 2012 net income was $98m, which included $116m (net) of favorable special items. This compared to net income of $5m, in first quarter 2011, which included unfavorable special items totaling $15m(net). Excluding special items, first quarter 2012 net loss was $18m, compared to net income
On behalf of Israel-based client, Global Knafaim Leasing limited, IBA announced the successful placement on lease of a Boeing B757-200 passenger aircraft, to National Airlines of Michigan. Built in 1990, the aircraft’s serial number is 24543 and it has Rolls-Royce RB211-535E4 engines. IBA were exclusively mandated to manage the remarketing of the aircraft by Global
