Airbus Group reported robust first quarter 2015 results with improved cash flow and confirmed its full year guidance. Group order intake in the quarter was €21bn (Q1 2014: €21bn), with the order book value rising to €955bn as of March 31st, 2015 (year-end 2014: €858bn) taking into account a positive revaluation linked to the strengthening
Virgin America (VA) reported its financial results for the first quarter of 2015. First quarter 2015 net income was US$10.5m excluding special items, an increase of US$32.9m from the first quarter of 2014. Operating income and operating margin excluding special items were US$13.1m and 4.0%, respectively. On a GAAP basis, net income was US$12.8m. This
In the first quarter of 2015, Embraer delivered 20 commercial and 12 executive (10 light and 2 large) jets; The Company’s firm order backlog ended the quarter at US$20.4bn, compared to US$19.2bn at the end of the first quarter in 2014 and US$20.9bn in backlog at the end of 2014. As a result of aircraft
It was back at the beginning of April 2014 that Lufthansa pilots staged their first strike (this one for 3 days) over the changes to early retirement payments for pilots. The situation arose as Lufthansa pilots used to be forced to retire at 60, despite there then being a 5 year gap before they were
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
