Boeing’s board of directors has approved the launch of the new engine variant of the market-leading 737, based on order commitments for 496 airplanes from five airlines and a strong business case. The new 737 family will be powered by CFM International LEAP-1B engines optimized for the 737. Deliveries are scheduled to begin in 2017. Boeing
A year after signing leases for eight MD-90-30 aircraft with an undisclosed operator, Scandinavian Airlines System, Denmark-Norway-Sweden (“SAS”), has completed the delivery of the last aircraft. Five of the aircraft were previously leased to Blue1 Oy, a Finnish-based subsidiary of SAS and three aircraft had been leased to the Swiss charter operator Hello AG. The
Air New Zealand reported normalised earnings* before taxation of $75 million for the 12 months to 30 June 2011. The result is 45% down compared to the 2010 financial year. Air New Zealand posted a first half year profit $112 million and second half year loss of $37 million. Net profit after taxation was down 1% to
Jet Professionals, the global aviation staffing company, opened its branch office at Al Bateen Executive Airport, providing aviation staffing services to the Middle East market. Jet Professionals recently opened its new branch office at Al Bateen Executive Airport, enabling the company to serve business jet operators in the region with its portfolio of staffing services,
Hong Kong-based carrier Cathay Pacific Airways has ordered eight Boeing 777 Freighters and four 777-300ER (extended range) airplanes. The order is valued at $3.3 billion at list prices. With this announcement, Cathay Pacific becomes the 15th customer to order the 777 Freighter and increases its Boeing 777-300ER fleet to 50.
Air Canada reported second quarter operating income of C$73 million compared to operating income of C$47 million in the second quarter of 2010, an improvement of $26 million. Earnings before interest, taxes, depreciation, amortization and impairment, and aircraft rent (EBITDAR) of $338 million increased $10 million from the same quarter in 2010. Air Canada reported a
SAS Group’s traffic increased by 7.7% during July and capacity increased 6.7% compared to the same period in 2010. The load factor increased by 0.8 pts in July to a record high of 85.6%.
In July 2011 IAG traffic rose by 3.5% versus July 2010 while capacity was up 2.9%. The load factor for the month reached 85.7%, up 0.6 pts from the previous year.
AirFrance KLM released that traffic for the month of July rose 6.9%, while capacity was up by 5.4%, leading to a 1.2 point rise in load factor to 87.3%.
American Airlines reported a July load factor of 87.7%, an increase of 0.7 points versus the same period last year. Traffic increased 1.7% and capacity increased 0.9% year-over-year.
