Willis Lease Finance Corporation (WLFC) reported 2014 net income of US$7.2m, compared to net income of US$15.6m in 2013. After-tax income for 2013 included a one-time US$8.6m tax benefit. On record annual sales of US$174.3m, pre-tax earnings from operations increased 35.2% to US$10.5m in 2014 from US$7.8m a year ago and income before income taxes
FLY is reporting net income of US$15.5m for the fourth quarter of 2014, compares to net income of US$13.4m for the same period of 2013. The fourth quarter 2014 results include US$21.7m of end of lease income compared to the fourth quarter of 2013 in which there was none. However, the fourth quarter 2013 results
Exelis has been awarded a multimillion dollar contract from Airbus to produce center wing box struts for the A350-1000 aircraft. This contract marks the second award for the new Exelis STaR (Struts, Tubes and Rods) product line following the A380 award announcement last year. Deliveries are scheduled to begin in 2016 and will continue through
Passenger numbers at Frankfurt Airport (FRA) continued to advance in February 2015: Germany’s largest aviation hub welcomed some 3.8 million passengers, representing an increase of 4.6% year-on-year. Passenger growth was largely attributable to increased domestic traffic and a rise in demand for tourist destinations in Europe and North Africa – as well as the non-recurrence
Magnetic MRO serves as a Total Technical Care partner to any aviation organization, offering full range of technical support services. Newly added Engine Stand Lease service enables Magnetic MRO to offer a reliable worldwide solution for aircraft engine transportation. Variety of transportation engine stands, certified bases and cradles are provided for the most common engine
K-Mile, the first Thai cargo airline based at Suvarnabhumi Airport in Bangkok, has awarded TP Aerospace Leasing a long-term wheels & brakes Cycle Flat Rate (CFR) program in support of its current and planned B737CL cargo aircraft fleet. With TP Aerospace Leasing’s highly flexible, cost effective, tailor made and plug’n’play Component Maintenance, Pool Access, Onsite
GE Capital Aviation Services (GECAS) delivered a new Boeing 737-800 aircraft to China Southern Airlines to expand the carrier’s fleet. The aircraft is part of GECAS’ existing order book with Boeing. China Southern has been a GECAS customer since the early 1990s. It is the largest airline in Asia with a fleet of more than
Embraer and Republic Airways, operator of the largest E-Jet fleet in the world, signed an order for five new E175 jets. The contract, with an estimated value of US$222m, based on Embraer’s list price, will be included in the 2015 first-quarter backlog. The aircraft, configured in dual class with 76 seats, are expected to be
MTU Maintenance has signed an exclusive eight-year maintenance agreement with Maldivian. The company, one of the leading engine maintenance providers worldwide, will provide Maldivian with MRO services for its CFM56-5B engines as well as engine lease support through MTU’s newly founded engine lease company MTU Maintenance Lease Services B.V. The engines contracted power Maldivian’s Airbus
For a number of years here have been concerns over the potential for lithium ion batteries to ignite and cause a fire onboard planes. This includes batteries used in mobile phones. However last year there were a number of incidents involving lithium batteries, notably a fire discovered by baggage handlers on a Boeing 737-800 moments
