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
Modern Logistics has chosen AJW Aviation and AJW Leasing to provide full power-by-the-hour services for its B737-400 freighters and augment dispatch reliability as the fleet expands to fifteen aircraft by 2017. The multi-year contract recognises the reputation that AJW has forged in the Brazilian marketplace and the Company’s willingness to be flexible and support start-up
In light of the findings of the enquiry into the crash of Germanwings flight 9525, the European Aviation Safety Agency is aiming to create a Pilots’ medical database that will hold records of every pilot’s medical history and any visits to medical facilities, whether for physical or psychological assessment and or treatment. The move comes
The Boeing Company reported third-quarter revenue increased 9% to US$25.8bn on record commercial deliveries. Core earnings per share (non-GAAP) for the quarter increased 18% to US$2.52, reflecting strong performance across the company, and GAAP earnings per share was US$2.47. Core earnings per share (non-GAAP) guidance for 2015 increased to between US$7.95 and US$8.15, from US$7.70
GE Aviation assembled the 1,000th GEnx engine, just a mere five years after the first production engine was built at GE’s Durham, North Carolina. The first GEnx engine entered service on a Boeing 747-8 aircraft in 2011, and the engine program has accumulated five million flight hours and 900,000 cycles. Production volume of the GEnx
Having suffered thirteen pilots’ strikes over the last eighteen months as Lufthansa struggled to reach agreement with their union Vereinigung Cockpit (VC) over early retirement and pension payouts, the airline now faces problems reaching an agreement on the same matter with its cabin crew, approximately 19,00 of whom are represented by the flight attendants’ union,
Air China will start Beijing-Islamabad-Karachi service on October 26th, 2015. The service will make Air China the first Chinese domestic carrier offering an air link between Beijing and Pakistan. The demand for air travel between China and Pakistan has been growing incessantly. The introduction of the Beijing-Islamabad-Karachi service, which will become an air bridge linking
