Christoph Mueller assumed leadership of the Malaysia Airlines Group on May 1st, 2015, following a decision by its sole shareholder, Khazanah Nasional Berhad to accelerate the leadership transition to enable Mueller to be in the executive capacity to lead the overall restructuring of MAS. The most important task for Mueller is to drive the design
Aircastle reported first quarter 2015 total revenues of US$194.3m, an increase of US$17.7m, or 10% from the previous year, driven by higher maintenance revenues of US$15.0m. During the first quarter of 2014, the company recorded US$16.4m of contra maintenance revenue in connection with engine restoration work completed by a lessee prior to the scheduled return
Honeywell signed a contract with Indian airline IndiGo to supply its on-order Airbus A320neo fleet with a suite of avionics technologies. IndiGo’s new fleet of aircraft will feature several Honeywell safety-focused cockpit systems that will enable pilots to better monitor the surrounding airspace and provide greater situational awareness. In a first for India’s airline industry,
The International Air Transport Association (IATA) announced global passenger traffic results for March 2015 showing demand (revenue passenger kilometers or RPKs) rose 7.4% compared to March 2014. This was an improvement on February, when year-over-year growth was 6.4%. The acceleration in the year-on-year comparison reflects the residual impact of the February Lunar New Year celebrations,
Avolon, the international aircraft leasing company, announced results for the first quarter of 2015. Net Income for the quarter was up 36% to US$49m versus the first quarter 2014, while adjusted net income was up 34% to US$62m versus 2014. Avolon sold aircraft in the first quarter with a net book value of US$145m at
Southwest Airlines and the Transport Workers Union (TWU) 550, representing the carrier’s 250 flight dispatchers, have come to terms on a new four-year contract extension. News of the tentative agreement comes on the heels of a deal with the Company’s Customer Service Agents and Customer Representatives last December and only days after its Flight Simulator
Though posting a smaller operating loss in the first quarter this year, Lufthansa have confirmed that they still need to reduce operating costs further to become competitive and profitable. Their finance chief, Simone Menne, said “We are in need of an urgent solution, we cannot afford to burden our customers further.” Lufthansa is aiming to
Rockwell Collins has been selected by Airbus to provide the Electronic Flight Bag (EFB) interface and communication unit (EICU) for Airbus A320 and A330 aircraft families. The optional system for airlines, exclusively provided by Rockwell Collins, will be available and certified next year. The EICU, a lightweight, compact unit that is part of Rockwell Collins’
Boeing will update two maintenance trainers for the Royal Australian Air Force (RAAF) so they better support the RAAF’s F/A-18F and EA-18G aircraft. Australia is the only nation other than the United States flying F/A-18 Super Hornet fighters and EA-18G Growler airborne electronic attack aircraft. While it operates the two-seat F variant of the Super
WestJet postted its first quarter results for 2015, with record net earnings of CAD140.7m. This compares with net earnings of CAD89.3m reported in the first quarter of 2014, up 57.6%. WestJet achieved an on-time performance rate of 78.0 in the first quarter, a year-over-year improvement of 10.1 points. Based on the trailing twelve months, the
