airberlin reported that in the first quarter of 2015, EBIT rose to €-159.9m, or €23m over the same quarter last year (Q1, 2014: €-182.8m). This demonstrates that despite a competitive market environment, the strategic and operational realignment at airberlin had already begun producing some positive effects on earnings at the start of the year. Revenue
Boeing and Turkish Airlines celebrated a milestone with the delivery of the airline’s 125th airplane purchased from Boeing – a Next-Generation 737-900ER – and one of 12 airplanes the Turkish flag-carrier will take delivery of this year. Boeing and Turkish Airlines’ relationship stretches back to 1968 when the airline first purchased one McDonnell Douglas DC-9.
Bombardier has teamed up with Pratt & Whitney to develop and implement a data management service for the CSeries aircraft – part of the overall Bombardier Aircraft Health Management System (AHMS) capable of transmitting real-time and recorded data from the aircraft. The AHMS will facilitate remote troubleshooting and deliver efficient and accurate diagnostics for use
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
