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
United Airlines (UAL) reported second-quarter 2015 net income of US$1.3b excluding US$67m of special items. Including special items, UAL reported second-quarter net income of US$1.2b. These results are a record quarterly profit for the company. For the second quarter of 2015, total revenue was US$9.9bn, a decrease of 4% year-over-year. Second-quarter consolidated passenger revenue decreased
Airbus has achieved EASA certification of its innovative Runway Overrun Prevention System (ROPS) technology on A330 Family aircraft. This on-board cockpit technology, which Airbus has pioneered over several years, is now certified and available on all Airbus Families. ROPS is an alerting system which reduces exposure to runway overrun risk, and if necessary, provides active
Six incidents in the UK over the last year involving aircraft and drones have forced the CAA (Civil Aviation Authority) to issue a warning to drone users over improper use and the requirement for drone pilots to follow a code of conduct. In the UK it is against the law to recklessly endanger an aircraft,
