Turkish Airlines reported that sales revenue increased by 13% in 2014, reaching a total of US$11bn. While operating profit stood at US$638m and net profit was recorded at US$845m compared to the previous year. In 2014 Turkish Airlines recorded a capacity (ASK) growth of 16,3%, significantly above the industry growth rate of 5,6 for the
Republic Airways reported financial results for the fourth quarter and full year ended Dec. 31st, 2014. Republic’s pre-tax income excluding special items, for the fourth quarter of 2014 was US$32.1m, an 8.4% increase over the fourth quarter or 2013. Republic’s adjusted income from continuing operations for the fourth quarter of 2014 was US$19.8m and its
Southwest Airlines discovered a required maintenance check on the standby hydraulic system, which serves as a back-up to the primary hydraulic systems, was overdue on 128 Boeing 737-700 aircraft. Southwest immediately and voluntarily removed the affected aircraft from service, initiated maintenance checks, disclosed the matter to the FAA, and developed an action plan to complete
Mesa Airlines has been selected by American Airlines to operate seven new Bombardier CRJ900 NextGen aircraft for a 10-year term under the American Eagle brand. The aircraft, recently purchased by Mesa, will bring the total number of CRJ900s operated by the company to 64. Mesa will take delivery of the additional aircraft from the Bombardier
Pratt & Whitney officially unveiled its new state-of-the-art Middletown, Connecticut, production facility to support production of the PurePower PW1100G-JM engine for the Airbus A320neo and the F135 engine for the F-35 Lightning II Joint Strike Fighter in a ceremony held on February 25th. The transformation of the facility is the product of significant capital investments
The consortium comprising the Russian Direct Investment Fund (RDIF), a US$10bn fund established to make equity investments into Russian economy, Changi Airports International (CAI), a wholly-owned subsidiary of leading airport operator Changi Airport Group, and Basic Element, one of Russia’s diversified industrial groups, has been announced as the winner of the tender to acquire shares
Waypoint Leasing (Ireland), the independent global helicopter leasing company, has reached an agreement with Caverton Helicopters, a leading provider of aviation and logistics services to local and international oil and gas companies in Nigeria, to lease one new AgustaWestland AW139 and one Bell 412EP, both of which have been delivered to Caverton. The aircraft will
In 2014 CFM International experienced the highest levels of new engine orders and production in its history. CFM logged orders for a total of 4,244 engines, including 1,527 CFM56 engines (commercial, military and spares) and 2,717 LEAP engines. These orders are valued at more than US$50bn at list price. By comparison, CFM booked a total
Thai Airways International signed a 12-year OnPoint solution agreement for the maintenance, repair and overhaul of the airline’s GE90-115B engines that power its 14 Boeing 777-300ER aircraft. The OnPoint solution agreement will enable THAI to have the highest quality services at a predictable cost. OnPoint solutions are customized service agreements tailored to the operational needs
Monarch Aircraft Engineering has been granted Part M Subpart G approval as a Continuing Airworthiness Management Organisation (CAMO) by the European Aviation Safety Agency (EASA). Through the company’s Part M approval, MAEL’s experienced engineering team are approved to carry out tasks such as: Continuing Airworthiness Oversight, Maintenance Planning, Approved Maintenance Programme Development, Reliability Programme Technical
