Jet Midwest Group has signed an agreement with Sweden based Taby Air Maintenance (TAM) to launch FAA approved full class E cargo conversions for its B model Saab 340’s. The Saab 3408 EASA ST C has already been developed by TAM and approved by EASA. The FAA approval project will be performed at TAM’s maintenance
Garuda Indonesia booked a net income of US$51.4m through the third quarter 2015, an increase of 123.4% compared to the same period last year when it incurred a loss of US$220.1m. The Company also increased total revenue from US$2.83bn through the third quarter 2014 to US$2.84bn during the same period in 2015. Meanwhile, total expenses
airberlin is currently partly owned by Etihad Airways, the second-largest airline in the UAE, who hold a 29.2% stake in the German carrier. Etihad’s investment in the airline allowed them to create a beneficial codesharing agreement for a number of flights which cover Europe, the USA and the UAE. However the new codeshare agreement had
MTU Aero Engines will have a stake in the LM6000-PF+ (PF+), the latest version of General Electric’s (GE) LM6000 aeroderivative gas turbine series. Germany’s leading engine manufacturer has taken a 13% work share as a risk- and revenue-sharing partner in the development and production of this industrial gas turbine, which is derived from the CF6
Boeing has announced that it is considering reducing its production numbers of the 777 model. Currently they are producing 8.3 aircraft a month and a proposed reduction will reduce this down to 7 planes a month. The 777 is a strategic source of cash and one of Boeing’s most profitable planes as it currently has
Safran reported that third-quarter 2015 adjusted revenue was €4,141m, up 15.4% year-on-year at an average EUR/USD rate in Q3 2015 of 1.11. On an organic basis, growth was 4.6%, driven notably by an increase of civil aftermarket revenue (up 18.5% in USD). The full-year 2015 outlook is confirmed for adjusted revenue growth, adjusted recurring operating
Rolls-Royce has reached an agreement worth US$2.4bn for engines and services with HNA Group. HNA Group is a conglomerate with interests in aviation, financial services, tourism and hospitality, logistics, real estate and retail. HNA Aviation currently operates and manages, amongst others, Hainan Airlines, Tianjin Airlines and Capital Airlines, flies to over 250 cities and serves
Boeing and Norwegian have finalized an order for 19 787-9 Dreamliners valued at more than US$5bn at current list prices. The order also includes options for 10 more 787-9s, as the carrier looks to significantly grow its existing long-haul fleet into the next decade. It is the largest single order for 787-9s from a European
UAL reported third-quarter net income of US$1.7bn, excluding special items. Including special items, UAL reported third-quarter net income of US$4.8bn. These results include a nonrecurring US$3.2bn non-cash gain associated with the reversal of the company’s income tax valuation allowance. For the third quarter of 2015 United reported revenue of US$10.3bn, a decrease of 2.4% year-over-year.
Kaman Corporation reported that its Aerospace segment has acquired Timken Alcor Aerospace Technologies (TAAT) of Mesa, Arizona. TAAT, which will be renamed “EXTEX Engineered Products, Inc.,” designs and supplies aftermarket parts to support businesses conducting maintenance, repair, and overhauls (MROs) in aerospace markets primarily located in North America. Kaman Corporation, Executive Vice President and Chief
