STTS Group, a European expert in painting of aircraft will celebrate the opening of the first purposely built paint hangar at Casablanca’s Airport, Mohammed 5th, Morocco, on May 8th. Royal Air Maroc (RAM) and STTS Group decided in 2013 to set up a joint venture to answer to a growing demand of high quality and cost
Avtrade is expanding the frontiers of aircraft component support and fortifying growth in the Americas with new Canada based inventory. Based at Canada’s largest airport, Toronto Pearson, Avtrade’s new warehouse capabilities stock comprehensive TCCA approved inventory serving all major carriers operating a range of Boeing aircraft including the B737 NG. Serving as a worldwide hub and
Relations between US and a number of Gulf carriers have been strained since January and the situation shows no signs of cooling off. At the beginning of the year American Airlines, Delta Air Lines and United Airlines alleged that Emirates, Qatar Airways and Etihad Airways had received in excess of US$40bn in state subsidies over
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
