For the first quarter 2015, Spirit’s total operating revenue was US$493.4m, an increase of 12.6% compared to the first quarter 2014, driven by an increase in flight volume. Adjusted net income for the first quarter 2015 increased 87.1% to US$70.7m compared to the first quarter 20141. GAAP net income for the first quarter 2015 increased
Avolon, the international aircraft leasing company, delivered one Boeing 737-800 aircraft to Aeroflot, which will be operated by their subsidiary Pobeda. This latest delivery is Avolon’s sixth aircraft on lease to Aeroflot, Russia’s largest airline.
Honeywell Aerospace’s full suite of cockpit technologies has been selected by Southwest Airlines for its future fleet of Boeing 737 MAX and existing fleet of Boeing 737NG aircraft. The selection will provide Southwest with cockpit technologies that offer enhanced navigation capabilities and prepare the airline to meet future government-mandated flight safety regulations. Honeywell will provide
Spirit AeroSystems reported first quarter financial results driven by positive operating performance of mature programs. Spirit’s first quarter 2015 revenues were US$1.7bn up 1% compared to the same period of 2014. Operating income was US$235m, up from US$194m for the same period in 2014. Net income for the quarter was US$182m, compared to net income
Kaman Aerosystems has signed a five-year Memorandum of Understanding (MOU) with Zodiac Interconnect Americas (Zodiac) to manufacture and kit components and assemblies for Boeing 737NG, 737 MAX, and P-8 aircraft. The MOU has an expected value in excess of US$6m. Work will be performed at Kaman facilities in Chihuahua, Mexico and Jacksonville, Florida.
GE Capital Aviation Services (GECAS) announced delivery of a new leased Boeing 737-800 aircraft to VRG Linhas Aéreas S.A. as part of a four-aircraft purchase-and-leaseback transaction. The three remaining aircraft in the deal are scheduled for delivery later in 2015, 2016 and 2017. VRG Linhas Aéreas, the parent company of Gol, is the second largest
All Nippon Airways (ANA) has received its first B787-9 aircraft with Panasonic’s inflight entertainment (IFE), live television and broadband Wi-Fi from Panasonic Avionics Corporation. ANA’s new Dreamliner will have the full suite of the world’s best inflight entertainment and connectivity solutions from Panasonic, including its industry-leading live television product, eXTV. The service will give ANA
SpiceJet have rejected an equity-based bailout offer from Morgan Stanley, despite appearing to be traveling down exactly the same path as India’s now defunct Kingfisher Airlines. While the company’s financial future appeared optimistic back in August 2014, by the time December arrived it was clear the airline was in greater financial trouble than expected. SpiceJet
GKN Aerospace has been selected by Gulfstream Aerospace to supply the wing skins for its latest G500 and G600 ultra-long range business jets. In a long term contract GKN Aerospace is to produce the upper and lower wing skins for the development and production aircraft. The G500 and G600 upper wing skins are constructed in
Aerolíneas Ejecutivas (ALE) introduced its new fleet of 6 Learjet 75 business aircraft with Canadian aircraft manufacturer, Bombardier. The event took place at ALE’s hangar and facilities at the Toluca International Airport. The aircraft are currently available for charter and will be operated through ALE’s MexJet fleet. With the addition of the Learjet 75 aircraft,
