WestJet announced its second quarter results for 2015, with net earnings of CA$61.6m as compared with the net earnings of CA$51.8m reported in the second quarter of 2014. WestJet achieved an on-time performance rate of 91.3% in the second quarter, a year-over-year improvement of 6.8 points. Based on the trailing twelve months, the airline achieved
Rolls-Royce has been selected by RwandAir to supply Trent 700 engines to power two Airbus A330 aircraft. The agreement makes RwandAir a new Rolls-Royce customer. Dominic Horwood, Rolls-Royce, Chief Customer Officer – Civil Large Engines, said: “We welcome RwandAir to the Rolls-Royce family of customers and are proud to power its first selection of widebody
Since seizing power back in 2014 the Thai military government has been looking to make financial cutbacks and reform state-run organizations. As a consequence the country’s flag carrying airline, Thai Airways, is undergoing a number of changes with the aim of reducing running costs and capacity by 20% over the next two years. One of
Boeing and Vietnam Airlines announced a five-year exclusive pilot-training agreement to support the Hanoi-based airline’s 787 Dreamliners. Under the agreement, Boeing Flight Services, a business unit of Boeing Commercial Aviation Services, will provide flight training for the airline’s new 787 Dreamliner fleet at Boeing’s Singapore training campus. Nearly 90 Vietnam Airlines pilots are expected to
China Eastern Airlines and Delta Air Lines signed an agreement to expand their partnership and better connect Delta’s global network with China Eastern, one of the leading airlines in China. The agreement will include a US$450m investment by Delta to acquire a 3.55% stake in China Eastern. This move marks a significant step in the
Air Lease Corporation signed a long term lease agreement with Air Vanuatu, an international airline based in Port Vila, Vanuatu, for one new Boeing 737-800. The aircraft is from ALC’s order book with Boeing and will deliver in January 2016.
Southwest Airlines’ Flight Attendants have voted down a tentative agreement that would have ended two years of negotiations. Representatives for Transport Workers Union (TWU) Local 556 say Flight Attendants rejected the deal by 87% of those casting ballots. Nearly 89% of eligible Flight Attendants voted. The deal was slated to run through May 2019 and
For the second quarter 2015, Spirit’s total operating revenue was US$553.4m, an increase of 10.8% compared to the second quarter 2014, driven by an increase in flight volume, partially offset by a decrease in operating yields. Adjusted net income for the second quarter 2015 increased 12.6% to US$74.8m compared to the second quarter 20141. GAAP
MIAT Mongolian Airlines, the national flag carrier based in Ulaanbataar, has chosen AJW Aviation to provide full power-by-the-hour services for three Boeing 737NG aircraft. This eight year agreement, which commences on August 1st, sees AJW Group further expand its support of MIAT alongside its existing PBH programme for the airline’s Boeing 767s. MIAT will have
The Indonesian Ministry of Transport has confirmed that it has applied a number of restrictions to Thai operators which fly into Indonesia, as a result of safety concerns voiced by both the ICAO and FAA. These restrictions include a ban on any alterations to existing flight schedules or aircraft, along with an across-the-board ban on
