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
Finmeccanica-AgustaWestland has signed a contract for the sale of ten AW189 commercial helicopters to RN-Aircraft, a subsidiary of the oil company Rosneft. The contract foresees that the new helicopters will be used for transportation purposes. Delivery of the aircraft is expected between 2015 and 2017. Moreover, as already set out in the framework agreement signed
Alaska Air Group reported second quarter 2015 GAAP net income of US$234m compared to $165m in the second quarter of 2014. Excluding the impact of mark-to-market fuel hedge adjustments of US$6m (US$4m after tax), the company reported record adjusted net income of US$230m compared to adjusted net income of US$157m in 2014.
GE Capital Aviation Services (GECAS) delivered the first of three Boeing 767-300ERs to euroAtlantic airways – Transportes Aéreos S.A. to expand the carrier’s fleet. The remaining two aircraft are scheduled for delivery from GECAS to the airline later this year. Portugal’s euroAtlantic Airways currently operates scheduled and chartered passenger and cargo service to destinations around
Despite a 5.4% Q3 fall in revenue per seat to £59.08 (US$91.95) easyJet is looking to post a full year profit of between £620million – £660million (US$965million – US$1.03billion). The results have exceeded expectations given in May’s guidance. The airline was beset with problems during Q3 with the Fiumicino fire which caused 773 cancellations, and
