Antwerp-based regional carrier VLM Airlines, which last month launched several new scheduled routes with its Fokker 50 fleet, has announced that the Sukhoi Superjet 100 LR (SSJ100 LR) regional aircraft is to enter service with the airline in Q3 2016. Delivery of the aircraft to VLM is being postponed from April 2015 to enable the
There is no question that safety is paramount in any airline – anything akin to an accident can have a dramatic effect on an airline. You only need to look at what has happened to a carrier such as AirAsia after three major crashes in such close relative proximity involving Southeast Asian planes. After such
GA Telesis has closed on a new syndicated $150,000,000 credit facility. Led by HSBC Bank USA, N.A., and with an increased commitment from 4 global and regional banks involved in the company’s previous facility, the new credit facility has a three year maturity with more efficient and flexible terms to support the Company’s growth plans.
IAG reported strong full year results with an operating profit before exceptional items of €1,390m, up 80.5%. Total revenue was up 8.0% with non-fuel costs up 7.0% and fuel costs up 0.6% on capacity growth of 9.3%. Iberia made an operating profit of €50m compared to an operating loss of €166m last year. British Airways’
Lord Corporation of Cary, North Carolina – a global leader in the management of vibration, motion and noise control – has signed a non-exclusive distribution agreement with Copenhagen-based Satair Group for its commercial fixed-wing product line commencing February 2015. Under the agreement, which focuses on the European, Middle East and African markets (EMEA), Satair Group
Airbus has decided to further increase the production rate for its very successful A320 Family to 50 aircraft per month from Q1 2017, matching market demand. Additionally, Airbus is adjusting the A330 production rate to six a month from Q1 2016 as it transitions towards the A330neo. With over 11,500 Airbus single aisle aircraft sold
Nordic Aviation Capital confirmed that it has delivered one ATR 72-500, MSN 874, on lease to Passaredo, an airline based in Ribeirão Preto, São Paulo, Brazil. Passaredo operates regional services in Brazil, with its main base at Dr. Leite Lopes Airport, Ribeirão Preto. Passaredo is a new customer for NAC.
Air Lease Corporation reported another consecutive quarter of record fleet, revenue and profitability growth: Diluted EPS increased 32% to US$2.38 per share for the year ended December 31st, 2014 compared to US$1.80 for the year ended December 31st, 2013. Revenues increased 22% to S$1bn for the year ended December 31st, 2014 compared to US$859m for the year
AWAS has agreed to acquire a portfolio of four late-model narrowbody passenger aircraft from BOC Aviation; three 737-800s and one A320-200. These aircraft are all subject to long-term leases with their respective airlines. Ray Sisson, President & CEO AWAS commented, “Acquisitions in the secondary market are a key pillar of AWAS’ growth plan. This is
It seems claims that Gulf carriers received government aid in excess of US$40bn to operate competitively will not go away. For Delta, United and American Airlines, the Open Skies Agreement, which was signed between the UAE, Qatar and the US nearly 20 years ago, is seen as an uneven playing field where government aid enabled
