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
Following a Memorandum of Understanding (MoU) announcement in February, Avianca has signed a purchase agreement for 100 A320neo Family aircraft, the largest single order ever made in Latin America’s aviation history. The agreement, which includes A319neo, A320neo and A321neo aircraft, will allow Avianca to maintain one of the youngest fleets in the region as the
TransDigm Group Incorporated (TDG), a leading global designer, producer and supplier of highly engineered aircraft components, reported results for the second quarter ended March 28th, 2015 and announces potential financing transactions. Net sales for the quarter rose 4.8% to US$619.0mn from US$590.8m in the comparable quarter a year ago. Net income for the quarter rose
Blue Panorama Airlines has installed Aviointeriors Business Class “Andromeda” seat model in Blue Class. Blue Panorama is an italian private and charter company airline. “Andromeda” as Business Class recliner seat confirms high levels of comfort and reliability in medium-long range flights.
It was back on January 25th this year that Allegiants pilots voted overwhelmingly to go on strike if protracted negotiations with the airline for the reinstatement of a number of pilots’ benefits and work rule protections to previously negotiated levels could not be satisfactorily concluded. Negotiations between the pilots’ union and the airline have been
