ATR achieved a new record turnover in 2015, increasing to US$2bn (2014: US$1.8bn). During the year, the aircraft manufacturer also set a new record in terms of aircraft deliveries, with a total of 88 aircraft (2014: 83), an increase of 72% over the 51 deliveries made in 2010. Firm orders for 76 aircraft, along with
As part of the listing process for the state-owned Airports Corporation of Vietnam (ACV), Vietnam’s principal airport operator, a 20% stake in the company is being offered to a major strategic investor on top of a 5% stake which has been offered to retail investors and which, so far, has raised US$51.6 million from 3.47%.
Philippine Airlines and Lufthansa Technik AG have signed a five-year Total Component Maintenance (TCM) contract for the Airline’s Airbus A320 and A340 fleet. The services will be extended end of 2016 to support additional Airbus 320s operated by Philippine Airlines. Lufthansa Technik will support Philippine Airlines at its main base in Manila, the Component Service
With the lifting of sanctions on Iran, the strong possibility that already low fuel prices could fall by a further US$5 – US$10 has the potential to see airlines’ profitability increase, though considerable thought will have to be put in place with regard to hedging strategies which tend to vary considerably on either side of
Bombardier Commercial Aircraft’s all-new C Series aircraft program has begun the ramp-up to full production. The final assembly facility is fully equipped and production is progressing according to plan with aircraft in various stages of the build sequence. Additionally, Bombardier also confirmed that the CS100 aircraft that is scheduled to be delivered to first operator
Atlas Air Worldwide has entered into a definitive agreement to acquire privately held Southern Air Holdings, a premier provider of intercontinental and domestic air cargo services, in an immediately accretive, all-cash, debt-free transaction valued at approximately US$110m. The transaction is subject to customary closing conditions and approval by the U.S. Department of Transportation, and is
With the International Atomic Energy Agency (IAEA) certifying Iran’s compliance with technical constraints on its nuclear program, sanctions, which have been in place and implemented after the Iran Revolution since 1979, with additions in 1995 and those implemented subsequent to the passing of the UN Security Council Resolution 1696 in 2006, are now set to
On the 4th January we reported that Etihad airlines had lodged an appeal over the revocation of 29 of its 61 original codeshare agreements with Germany’s second-largest airline, airberlin, which were put in place when it acquired a 29.2% stake in the company. Those agreements were due to be suspended from the 16th January and
It was on the 17th July 2014 that Malaysia Airlines flight MH17 crashed in the war-torn Donetsk region of Eastern Ukraine killing all 298 passengers and crew on board. On the 13th October the Dutch Safety Board released its final report in which it concluded the aircraft had been struck by a BUK surface-to-air (SAM)
Embraer delivered 33 commercial and 45 business jets, 25 of which are light jets and 20 are large, during the fourth quarter of 2015 (4Q15). The company ended the full year with 101 aircraft delivered to the commercial airline market and 120 to the executive aviation market, totaling 82 light and 38 large business jets.
