Ryanair issued a trading statement on September 9th, raising its full year net profit guidance by 25% from a current range of €940m to €970m to a new range of €1.175bn to €1.225bn due to stronger than expected peak summer traffic and prices as its “Always Getting Better” (AGB) customer experience programme continues to win
Vistara, a TATA SIA JV and India’s fastest growing full service carrier, has signed a V-Services agreement to maintain its fleet of 26 V2500 engines. The V2500 engine is offered through IAE International Aero Engines AG, a multinational aero engine consortium whose shareholders comprise Pratt & Whitney (UTX), Pratt & Whitney Aero Engines International GmbH,
Oman Air and Air Lease Corporation signed long term lease agreements for 14 jet aircraft. The lease agreements cover three new Boeing 737-800s, seven new Boeing 737-8MAXs, and one new Boeing 787-9, all from ALC’s order book with Boeing. This transaction also includes one used Boeing 737-700 (MSN 33103) and two used Boeing 737-800 aircraft
AAR a leader in airframe maintenance and supply chain solutions, and Korea Aerospace Industries (KAI), the largest original equipment manufacturer (OEM) and maintenance, repair and overhaul (MRO) provider for military aerospace customers in Korea, have signed a Memorandum of Understanding (MOU) to work together to establish a commercial aircraft MRO facility in South Korea. AAR’s
A frenzy of interest has been created since the French government announced the country’s intention to relinquish its 60% stake in Nice Côte d’Azur and Lyon-Saint-Exupery airports. Interest is particularly keen owing to a continued increase in traffic and stakes in two of the country’s busiest airports will present investors with relatively stable assets in
Airbus’ successful A330-200 has received EASA (European Aviation Safety Agency) certification for the new 242 tonne Maximum Take-Off Weight (MTOW) version, following certification in April 2015 (*) of the 242t A330-300. Certification from the US authorities (FAA) will follow. The range of the new A330-200 242t increases by up to 350 nautical miles/650 kilometres compared
Jet Aviation Basel has recently signed an agreement with Basel Euroairport authorities to expand its Completions production capacity to meet rising demand for services. Jet Aviation Basel is expanding its production operation within its Completions Center where the company produces industry-renowned furniture aircraft interior components and integrated systems for corporate and VIP aircraft interiors. The
As part of an ongoing GTA with Russian airline, JSC Donavia, AJW Engines is to provide engine shop visit management services for CFM56-5B engines. An experienced team of professional engineers from AJW will manage all aspects of the shop visit, supported by the strong commercial acumen of the engines division as a whole. AJW Engines
Ceramic matrix composites (CMC) are a critical pathway on GE Aviation’s technology roadmap, and recent tests on a GEnx demonstrator engine with GE9X CMC components in the combustor and turbine yielded impressive results for the ultra-lightweight, heat-resistant material. The use of CMCs in the hot section of GE jet engines is a breakthrough for the
In its previous restructuring program Air France KLM only managed to shed 9% of its workforce, or 6,413 employees through voluntary departures, while a further 800 jobs will have to go if the airline is to meet its new target of €1.8bn in cost-cutting. Currently the airline is suffering from heavy competition from both Gulf
