Willis Lease Finance Corporation (WLFC), an independent jet engine lessor in the commercial finance sector, reported its third quarter 2015 net income increased 163% to US$2.6m compared to US$1.0m in the third quarter of 2014. This follows a net loss in the second quarter of 2015 which totaled US$0.5m resulting from a US$3.1m non-cash write-down
The Pratt & Whitney PW1900G PurePower Geared Turbofan (GTF) engine for the Embraer E190-E2 and E195-E2 aircraft, successfully completed its first flight initiating the engine’s flight test program. The PW1900G engine model, which was assembled at Pratt & Whitney’s Middletown Engine Center in Connecticut, flew on Pratt & Whitney’s 747SP flying test bed at the
Israeli flag carrier El Al has selected Rolls-Royce Trent 1000 engines to power 15 Boeing 787 Dreamliner aircraft and will enter into exclusive negotiations with Rolls-Royce. The airline is also considering entering into TotalCare long term service support for the engines.
In what has been described as Russia’s worst ever plane crash, at 04:17 GMT Saturday Kogalymavia flight KGL 9268 flying from Sharm el-Sheikh, Egypt, to St Petersburg, Russia, suffered a catastrophic failure at high altitude and disintegrated above the Sinai Peninsula, Egypt, killing all 224 passengers and crew on board, most of who were Russian.
Airbus Group revenues increased 6% to €43.0bn (9m 2014: €40.5bn), reflecting the strengthening U.S. dollar and a favourable mix at Airbus. Revenues at Commercial Aircraft rose eight percent with 446 aircraft delivered (9m 2014: 443 units), including 19 A380s and five A350 XWBs. Despite lower overall deliveries of 237 units (9m 2014: 295 units), Helicopters’
In a Grand Opening ceremony Lufthansa Technik and the Commonwealth of Puerto Rico have now celebrated the achievement of the operational status of Lufthansa Technik Puerto Rico (LTPR). On the occasion of the arrival of the first A320 from JetBlue Airways, the second launching customer of LTPR, a further overhaul line of the facility was
Singapore Technologies Aerospace (ST Aerospace) has secured a cabin reconfiguration contract with Air Canada, for eight Airbus A330 aircraft. The first A330 will be inducted in the third quarter of 2016, with the last aircraft targeted for redelivery by the end of the first quarter of 2017. For each of the eight aircraft, ST Aerospace
Currently around 70 million flight tickets are sold in India annually. However the country is struggling to make air travel affordable within the country to a wider proportion of the population. As a result a proposal has been put forward in the form of a draft government aviation policy where both current regional and national
To match ongoing high demand for its bestselling A320 Family, Airbus has taken the decision to further increase the production rate of the Single Aisle Family to 60 aircraft a month in mid-2019. The decision follows thorough studies on production ramp-up readiness in the supply chain and in Airbus sites to allow the ramp-up. To
After announcing earlier this month that talks with Airbus to take a controlling stake in the Bombardier CSeries had failed, the Canadian aircraft manufacturer has announced that the Quebec government intends to inject US$1bn into a new partnership involving a subsidiary of Bombardier, aimed at seeing the new C Series through certification and into full
