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WestJet reports first quarter net earnings of CAD140.7m

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

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Avianca firms up order for 100 A320neo Family aircraft

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

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TransDigm Group reports fiscal 2015 second quarter results

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

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Pilots’ planned strike at Allegiant thwarted by court injunction

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

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Boeing, SWISS finalize order for three additional 777-300ERs

Boeing, the Lufthansa Group and Swiss International Air Lines have finalized an order for three additional 777-300ER (Extended Range) airplanes, valued at US$990m at current list prices. This order, previously attributed to an unidentified customer, follows SWISS’ 2013 order for six 777-300ERs, and will form the backbone of the Swiss flag-carrier’s long-haul fleet renewal.

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Parker Aerospace signs long-term support agreement with Tianjin Airlines

Parker Aerospace, a business unit of Parker Hannifin Corporation, a global leader in motion and control technologies, and its Customer Support Operations have signed a long-term agreement with Tianjin Airlines to provide a comprehensive maintenance package for its fleet of Embraer 190 E-Jet aircraft. This agreement is part of an enhanced service offering provided by

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Seabury Group acquires Argentina-based aerospace information technology company Volartec

Seabury Enterprise Solutions, a leading global advisory and investment management firm, has acquired Aero Transport Engineering Consulting S.A. (“Volartec”). Volartec is a professional services and IT company that provides integrated and flexible Maintenance, Repair and Overhaul software solutions for the Aerospace industry. SES will add Volartec’s Alkym suite of products, which integrates control and management

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