Transaero Airlines received delivery of its first Airbus A321 as a result of a long-term leasing agreement between the airline and ICBC Leasing of China. The delivery from Airbus’s Hamburg plant is part of Transaero’s fleet renewal programme and business efficiency enhancement programme. Under these programmes Transaero’s fleet is being expanded with new fuel efficient
GKN, a UK headquartered global engineering group with over 50,000 people working in the aerospace, automotive and land systems markets, has agreed to acquire Fokker Technologies Group B.V from Arle Capital for an enterprise value of €706m (£499m). The acquisition of Fokker further enhances GKN’s position as a leading global supplier to the aerospace industry.
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
