GA Telesis announced its asset transactions for the second quarter of 2015. The company added one MD-11 freighter on lease to FedEx and one CFM56-5A engine to its portfolio. The company sold or leased six ERJ-145 aircraft, four CF34-3 engines, three CFM56-5B engines, two CFM56-5A engines, two A321-100 airframes, two A320 aircraft, two CF6-80C2B1F engines,
The Single European Sky (SES) initiative was launched in 2000 by the European Commission after the airline industry suffered from severe delays to flights in Europe during 1999. A working party was created and, based on the recommendations in its report, at the end of 2001 the Commission produced a legislative package. This package was
Rolls-Royce is to work with ITP to support a €43m research programme to test Intermediate Pressure (IP) turbine technologies that will go into its future engine design, UltraFan. UltraFan, which will be available for service from 2025, will offer at least 25% improvement in fuel burn and emissions compared with first generation Rolls-Royce Trent engines.
Munich Airport welcomed the ruling by the Federal Administrative Court in Leipzig, in which the court has now dismissed the six outstanding complaints filed by the environmental group Bund Naturschutz Bayern and five private individuals. The plaintiffs had filed motions with the Leipzig court following the rejection of their appeals in the administrative proceedings on
During the second quarter, Norwegian’s total revenue was almost 5.9 BNOK, up 16% from the same quarter last year while Norwegian’s long-haul routes had a revenue growth of 60%. Norwegian’s production growth for this quarter was 8%, while the company’s traffic growth was 15%. Norwegian’s pre-tax result (EBT) for the 2nd quarter 2015 was 456
Boeing and Tata Advanced Systems (TASL) signed a framework agreement to collaborate in aerospace and defence manufacturing and potential integrated systems development opportunities, including unmanned aerial vehicles. The companies intend to access markets jointly for products and platforms developed together by Boeing and TASL. TASL is already on contract to manufacture aerostructures for Boeing’s CH-47
Air Lease Corporation signed a long term lease agreement with Far Eastern Air Transport (FEAT), an international airline based in Taipei, Taiwan, for one new Boeing 737-800. The aircraft is from ALC’s order book with Boeing and will deliver in the second quarter of 2016.
UK based Storm Aviation, one of the leading providers of line maintenance and technical training services in Europe, announced the launch of brand new Airbus A380 B1&B2 technical training as well as General Familiarisation courses, available for both private and corporate customers. In addition, the UK Part-145 and Part-147 organization has opened a new group
Intrepid Aviation announced the selection of Delta Air Lines as the sponsor airline candidate for Skymark Airlines under the Creditors’ Rehabilitation Plan (“Plan”). Intrepid believes this Plan offers the best opportunity to preserve Skymark as Japan’s third-largest independent carrier and is in the best interests of the carrier’s employees, suppliers and creditors. Intrepid has conducted
Macquarie Infrastructure Corporation (MIC) announced that a performance fee of US$135.6m is payable to its external Manager, Macquarie Infrastructure Management (USA), as a result of outperformance by the Company of its benchmark index over the second quarter of 2015. The fee represents outperformance of MIC’s benchmark of approximately 10.8% during the quarter ended June 30,
