AAR was selected by the team of Kawasaki Heavy Industries and ShinMaywa Industries to manufacture cargo handling systems for the Kawasaki C-2, formerly the C-X aircraft. The C-2 is Japan ‘s next-generation military transport aircraft slated to replace its aging C-1 fleet. AAR is manufacturing systems for two initial production aircraft, with delivery expected to
Gama Group MENA FZE, part of the Gama Group, the global business aviation services company, announced during the Dubai Air Show that it is to expand its services into the Kingdom of Saudi Arabia. With Imitiaz Company for Aviation Services LLC as a strategic partner in Saudi Arabia, the new joint venture company, to be known
Air Lease Corporation intends to offer $300m aggregate principal amount of convertible senior notes due 2018 in an offering exempt from registration under the Securities Act of 1933, as amended the “Securities Act”). In connection with this offering, the Company expects to grant the initial purchasers of the Notes an option to purchase up to
Vueling achieved an operating profit (EBIT) of €60.8m in the third quarter of the year, a 2.4% increase compared to the third quarter of last year, despite the strong rise in the fuel price (+47.6% year-on-year). The net result for the period reached €41m.
Boeing and Dubai-based Emirates Airline announced an order for 50 Boeing 777-300ERs (Extended Range) plus options for an additional 20 of the popular twin-aisle commercial jetliner. The agreement was signed during a ceremony at the Dubai Air Show by His Highness (H.H.) Sheikh Ahmed Bin Saeed Al-Maktoum, Chairman and Chief Executive, Emirates Airline and Group, and Jim Albaugh,
Rolls-Royce released that Sir Frank Chapman has joined the Board as a non-executive Director. Sir Frank is the Chief Executive of BG Group and a Fellow of the Institution of Mechanical Engineers.
The JAL Group (JAL) released consolidated financial results for the period April 1 to September 30, 2011, the first half of the fiscal year ending March 31, 2012. The company has strengthened its resilience against risks in the operating environment through measures implemented in the course of its restructuring last year; namely the withdrawal of unprofitable routes, continuous
Air France-KLM reported that total revenues for the group amounted to €6.79bn in the 3rd quarter of 2011, versus €6.65bn at 30th September 2010, up 2.1%, despite a negative currency impact of 2.8%. The operating result stood at €397m (€576m a year ago). The adjusted operating result stood at €468m, implying a margin of 6.9%.
For the third quarter ended September 30, 2011, AeroCentury reported total revenues of $6.2m compared with total revenues of $6.90m for the same period a year ago. For the nine months ended September 30, 2011, the Company reported total revenues of $17.9m compared with revenues of $24.8m for the same period a year ago. The
Republic Airways Holdings has confirmed its order with Airbus to purchase 60 A320neo (New Engine Option) and 20 A319neo aircraft. Republic had signed a letter of intent for the purchase in mid-June. The aircraft, which will be powered by CFM’s LEAP-X engines, will be flown by Republic’s Frontier Airlines subsidiary. Frontier currently operates 59 Airbus A318,
