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
CFM International and Commercial Aircraft Corporation of China (COMAC) celebrated delivery of the first CFM LEAP-1C engine to the aircraft manufacturer. This engine will be installed on the first C919 airplane in preparation for airplane roll out and first flight. The LEAP engine was officially launched in December 2009 when COMAC selected the LEAP-1C as
Lufthansa Technik Philippines’ (LTP) hangar expansion is on track, six months after the Manila-based aircraft maintenance, repair, and overhaul (MRO) provider broke ground in January to extend its main hangar. The construction expands two existing bays equipped with versatile docking systems that can accommodate current widebodies and newer models for the Airbus A350, Boeing 777-9X,
Alcoa, a leader in lightweight metals, has completed the acquisition of RTI International Metals (RTI), a global leader in titanium and specialty metal products and services for the aerospace, defense, energy and medical device markets. The merger, announced on March 9th, became effective on July 22nd. Under the terms of the merger agreement, each share
