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.
American Airlines has written off over US$½billion trapped in Venezuela as a result of insurmountable currency controls. They have confirmed that the airline will include a USD$592 million special charge for the last quarter 2015 “due to continued lack of repatriations and deterioration of economic conditions in Venezuela.” Concerns over the amount of money trapped
Bombardier Business Aircraft continues to restructure and enhance its business model to improve long-term profitability. To that end, the business segment has completed initiatives to increase the number of direct-to-market channels, including termination of third-party sales representative and distribution agreements, as well as the restructuring of customer commercial agreements. As a result of these agreements,
Global Fixed Income Fund I has financed the US$26m junior tranche of a 12-year finance lease for two Boeing Aircraft operated by Norwegian Air Shuttle. The senior lender is Norddeutsche Landesbank Girozentrale (Nord/LB) with a loan volume of US$68m. Doric GmbH is responsible for the asset management of the aircraft. Floreat Group is a privately-held,
Rolls-Royce has launched a new engine service, SelectCare, continuing its reputation for service innovation and expanding the customers’ choice of competitive, capable and flexible services across the engine lifecycle. SelectCare fits between Rolls-Royce’s fully comprehensive TotalCare service, which maximises engine time on wing in addition to giving long-term cost certainty on a dollar-per-flying-hour basis, and
AerCap Holdings has executed the first placement of ten Boeing 737 MAX 8 aircraft from its order book. Leased to Travel Service, AerCap’s long-time customer and the Czech Republic’s biggest airline company, the aircraft are part of AerCap’s order of 100 737 MAXs placed in June 2015 with deliveries starting in 2019. AerCap is Boeing’s
A report by the Transportation Department’s Office of the Director General has revealed that the FAA is failing to ensure that airline pilots maintain a sufficient level of flying skills enabling them to take control of an aircraft from an automated system in an unexpected event. The report also concluded that the FAA is unable
Airbus has exceeded its targets for 2015, achieving a new record of 635 aircraft deliveries for 85 customers of which 10 are new. These deliveries comprise: 491 A320 Family aircraft; 103 A330s; 27 A380s; and 14 A350 XWBs. This production achievement means that Airbus’ aircraft deliveries in 2015 were up for the 13th year in
