Lightweight metals leader Alcoa reported solid second quarter 2015 results as the Company’s transformation showed strong progress. Profitability from Alcoa’s growing aerospace and automotive businesses increased year-over-year as mid and downstream investments delivered positive impact. In the upstream, the Primary Metals business was resilient in the face of market headwinds and the Alumina business delivered
Jet Aviation Basel has expanded its maintenance capabilities, adding the B787 Dreamliner to its capability list following recent receipt of EASA Part-145 approval. The company was awarded the world’s first private completions project for B787-9 in May 2015. Jet Aviation Basel has received approval from EASA to add Boeing’s new flagship B787 Dreamliner to its
Avolon, the international aircraft leasing company, issued an update for the second quarter of 2015 (‘Q2’). Avolon agreed sale and leaseback transactions for 14 new aircraft in Q2 and delivered 14 new aircraft and sold three aircraft resulting in a 19% increase in its owned and managed in-service fleet to 152 aircraft at the end
The “green” ATR 72 prototype made the first flight of the “Clean Sky Joint Technology Initiative (CS JTI)” test campaign. CS JTI is a measure adopted by the European Parliament to support the trend of public-private partnership (PPP) initiatives in the field of research, with the aim of jointly developing a wide spectrum of technologies
Early on Wednesday morning in the US, United Airlines was forced to ground all flights worldwide for approximately two hours as a result of a computer problem. “An issue with a router degraded network connectivity for various applications, causing this morning’s operational disruption. We fixed the router issue, which is enabling us to restore normal
KLM signed a €575m revolving credit facility with 10 international banks, finalizing the early refinancing of its credit facility which was due to mature in July 2016. The facility has a tenor of 5 years and shows improved terms compared to KLM’s existing facility. The transaction was launched at €575m and KLM took advantage of
Ascent Integration & Automation Group has been awarded a contract by Airbus for the Beluga XL Final Assembly Station. The Beluga XL is an A330 heavily modified to transport large, oversized aerostructure components from Airbus supplier facilities to the Beluga XL final assembly line in Toulouse, France. Under this contract Ascent Integration – European Operations,
Worldwide Flight Services (WFS) is to acquire a 51% shareholding in Fraport Cargo Services (FCS) as part of a strategic partnership with Fraport AG. The investment is part of WFS’ strategy to continue to expand in Europe’s major cargo markets. Fraport is to retain a 49% share in FCS and will continue to take a
The head of Boeing’s commercial aircraft division, Ray Conner, has indicated that the lack of available finance through the US Export-Import Bank would likely put the company at a “huge competitive disadvantage” as rival firms still had access to similar beneficial forms of financing. However he went on to say that Boeing was keen to
Boeing and Vietnam Airlines celebrated a historic event witnessed by H.E. Nguyen Phu Trong, General Secretary of the Communist Party of Vietnam, with the flag carrier’s first 787 Dreamliner serving as a backdrop. The event was attended by more than 200 delegates, ministers and ambassadors from Vietnam and the United States, as well as local
