Excluding net special charges, American Airlines Group’s first quarter 2015 net profit was a record US$1.2b. This represents a tripling of the Company’s first quarter 2014 net profit excluding net special credits of US$402m. The Company’s first quarter 2015 pretax margin excluding net special charges was 12.7%, up 8.6 percentage points from the same period
AerCap announced its transactions during the first quarter 2015: the company signed lease agreements for 67 aircraft and delivered 32 aircraft under contracted lease agreements. AerCap purchased 17 new aircraft, including 2 Boeing 787-8s, 4 Boeing 787-9s, 6 Boeing 737-800s, 4 Airbus A321-200s and 1 Airbus A330-300 and executed sale and part-out transactions for 20
Pratt & Whitney has named Christchurch Engine Center as one of the first facilities in its Geared Turbofan engine MRO network to provide maintenance and overhaul services for the PW1100G-JM engine. The Christchurch Engine Center, located in Christchurch, New Zealand, is a joint venture between Pratt & Whitney and Air New Zealand. Pratt & Whitney
Air New Zealand has selected Pratt & Whitney’s PurePower PW1100G-JM engines for 13 firm A320neo family aircraft. The agreement also provides fleet management support services for up to 16 years. Deliveries are scheduled to begin in 2017 and continue through 2019. The PurePower Geared Turbofan (GTF) family of engines has completed more than 17,000 hours
As part of CTC Aviation’s strategic plans to expand the capacity and provision of purpose-built airline pilot training and resourcing services, the company has announced the opening of two additional UK-based Crew Training Centres – London Gatwick and Coventry; increasing the total number of Crew Training and Resourcing Centres within the company to seven worldwide.
With recent concerns over a number of incidents involving fires on board planes that have resulted from faults with lithium ion batteries, IATA have now turned their attention to China’s air transport of such items. Their major concern, as put by their Director General Tony Tyler, is that “Disappointingly, we are seeing some wilful non-compliance
Bombardier and Tianjin Airport Economic Area have officially signed definitive agreements confirming their joint venture and have commenced construction of a maintenance facility for Bombardier Business Aircraft, to be located in Tianjin, China. Leaders from both sides celebrated the venture with an official groundbreaking ceremony. The service facility, which is set to open in 2017,
Biman Bangladesh Airlines, the national flag carrier of Bangladesh, has signed an agreement with Smart Aviation Company of Cairo, Egypt for the lease of two Q400 NextGen turboprops. While Biman’s main hub is located at Shahjalal International Airport in Dhaka, it also operates flights from its secondary hubs at Shah Amanat International Airport in Chittagong
Korean Air Aerospace Division (KAL-ASD), the aerospace manufacturing division of the Korean Air Group, has been selected by Airbus to supply new Sharklet wingtip devices including a wingspan extension for the A330neo – the new variant of the best-selling A330 Family of widebody aircraft. Under the terms of the agreement, KAL-ASD will manufacture the new
Southwest Airlines reported record first quarter net income of US$453m which included US$2m (net) of favorable special items, compared with first quarter 2014 net income of US$152m, which included US$26m (net) of favorable special items. First quarter 2015 total operating revenues increased 6.0% US$4.4bn, on a 6.0% increase in ASMs, both compared with first quarter
