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DAE reports record revenue and net income for full year 2014

Dubai Aerospace Enterprise (DAE) reported net income for 2014 of US$159.5m (AED 586m), an increase of 43% from US$111.6m (AED 410m) in 2013. Revenue for full year 2014 increased to US$2,112m (AED 7,761m) from US$2,105m (AED 7,735m) for full year 2013. DAE Managing Director Khalifa H. AlDaboos said: “The 2014 financial results reflect a sharp

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Boeing-built CH-147F maintenance training center opens in Canada

In 2013 and 2014, The Royal Canadian Air Force (RCAF) took delivery of 15 new Boeing-built CH-147F Chinook helicopters, among the most capable and advanced variants of the legendary Chinook family. Now, the RCAF and Boeing have unveiled an equally advanced training facility for those helicopters. The Medium-to-Heavy Lift Helicopters (MHLH) Maintenance Training Center at

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Delta Air Lines reports March quarter profit

Delta Air Lines reported financial results for the March 2015 quarter. Delta’s adjusted pre-tax income for the March 2015 quarter was US$594m, an increase of US$150m over the March 2014 quarter on a similar basis. Delta’s adjusted net income for the March 2015 quarter was US$372m and its adjusted operating margin was 8.8%. On a

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Serco awarded US$187m Federal Aviation Administration Air Traffic Control contracts

Serco, a provider of professional, technology and managed services, announced the award of two contracts to continue its 20-plus years of supporting the Federal Aviation Administration’s (FAA) Contract Tower (FCT) Program. Serco will provide air traffic control specialists, safety managers, and program management services in support of 58 Air Traffic Control Towers (ATCTs) in 11

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Embraer delivers 20 commercial and 12 executive jets in 1Q15

During the first quarter of 2015, Embraer delivered 20 jets to the commercial aviation market and 12 to the business aviation market, for a total of 32 aircraft. On March 31st, 2015, the firm order backlog totaled US$20.4bn. During the first quarter of 2015, Embraer announced a firm order for 15 E175s and two E190s

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FLY Leasing acquires Boeing 737-800

FLY Leasing Limited has acquired a Boeing 737-800 aircraft manufactured in 2008. The aircraft is on lease to a leading airline in Europe. With the addition of this Boeing 737-800, FLY now has a total of 55 B737-800s in its growing fleet,” said Colm Barrington, CEO of FLY. “We are on track to invest US$750m

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Finnair signs 12-Year V-Services Fleet Hour Agreement with IAE

Finnair has signed an exclusive, 12-year V-Services Fleet Hour Agreement to manage 10 V2500 engines. The agreement will cover installed engines on five Airbus A321ceo aircraft. The V2500 engine is offered through International Aero Engines, a multinational aero engine consortium whose shareholders comprise Pratt & Whitney, Pratt & Whitney Aero Engines International GmbH, Japanese Aero

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