Air Canada reported first quarter adjusted net income of CA$122m compared to an adjusted net loss of CA$132m in the first quarter of 2014, an improvement of CA$254m. EBITDAR (earnings before interest, taxes, depreciation, amortization and aircraft rent) amounted to CA$442m compared to EBITDAR of CA$147m in the same quarter in 2014, an increase of
Intrepid Aviation announced the financing of one Airbus A330-300 aircraft. The aircraft was purchased with cash in 2014. Citi provided the long-term financing. Intrepid Aviation is a privately held commercial aircraft lessor, which owns commercial aircraft leased to airline operators worldwide. Intrepid Aviation focuses primarily on twin-engine widebody equipment, such as the Boeing 787, 777
Air Lease Corporation announced long term lease agreements with Hainan Airlines for two new Boeing 787-9 aircraft, both from ALC’s order book with Boeing. ALC has ordered 46 new Boeing 787-9 and 787-10 aircraft in total for deliveries beginning in spring 2016.
Aviation Fabricators (AvFab) has received Supplemental Type Certificate (STC) approval in China for the installation of their Beechjet 2-Place and 3-Place Divan. The approval allows for installation of the divans in all Beechjet and Hawker Beechcraft 400 and 400A series aircraft. Both the 2-Place and 3-Place Divan add utility to any Beechjet/Hawker Beechcraft 400 or
Embraer has released its 20-year Market Outlook for the North American market in which it forecasts 2,060 new jet deliveries in the 70 to 130-seat segment. It represents nearly 35% of the total worldwide demand for aircraft in this particular segment and is valued at US$96bn at list prices. Some 47% of the region’s new
Jet Aviation St. Louis has received authorization from the Cayman Islands as an Approved Maintenance Organization (AMO) under the Cayman Islands Civil Aviation Authority. Cayman Islands certificate 178-CAY-AMO grants Jet Aviation St. Louis full authority to carry out maintenance on aircraft registered in the Cayman Islands. Jet Aviation St. Louis has previously performed maintenance on
TAG Aviation has unified all of its maintenance centres under the name ‘TAG Aviation Maintenance Services’. The new organisation, which is made up of eight service centres, allows the company to take full advantage of increased business demand and enhance the service for its clients around the globe. TAG Aviation has regrouped all of its
As a consequence of the crash of an Airbus A400M military aircraft at the weekend, shares in Airbus, which had risen steadily in value during April, fell by over 4.5% at one point on May 11th, though BY 5pm (GMT+1) they were trading down 1.8%. The A400M is a joint international project completed between seven
Vector Aerospace, a global independent provider of aviation maintenance, repair and overhaul (MRO) services, has added EASA certification to its Cockpit Voice and Flight Data Recorder (CVFDR) FAA STC applicable to AS332 C, L and L1 helicopters. Vector’s new CVFDR STC further enhances the mission capability profile of the venerable AS332L helicopter platform and is
Rockwell Collins and nine undisclosed airlines from around the world have launched a trial program for the company’s new ARINC MultiLink flight tracking service. The service, which was announced in March, offers a comprehensive and cost-effective global flight tracking solution for the world’s airlines. The airlines testing the program are based in Europe, Asia, Middle
