HEICO reported net income of US$27.6m, in the first quarter of fiscal 2015, up from US$27.5m in the first quarter of fiscal 2014. Net income in the first quarter of fiscal 2014 includes approximately US$2.6m, from a reduction in accrued contingent consideration related to a prior year acquisition. Operating income totaled US$46.4m in the first
Allegiant Travel Company has entered into an agreement to purchase two additional A320 aircraft. The aircraft are currently being operated by Philippine Airlines and are scheduled to enter the Allegiant operating fleet toward the end of 2015. Including the two A319s that deliver in 2015, which were announced on February 23rd, the company now expects
Greece and Russia, each with struggling economies, have reached an agreement for Greek carriers to gain access to Russian airports in Sochi , Kaliningrad, Vladivostok. While some may question the wisdom behind such a move when a number of Russian airlines are struggling, considerable investment has been made in airports at these destinations and this
Boeing has selected BAE Systems to provide the Remote Electronic Units (REU) for both variants of the 777X aircraft. An REU is an electronic unit that manages the aircraft’s flight control surface actuators and interfaces with the Integrated Flight Control Electronics (IFCE), which BAE Systems was selected to provide in 2014. BAE Systems, which was
AAR has agreed to sell its Telair Cargo Group to TransDigm for a purchase price of US$725m in cash, subject to adjustments. The Telair Cargo Group is comprised of Telair International, Telair U.S., and Nordisk Aviation Products. AAR will report its Telair Cargo Group as discontinued operations beginning in the third quarter of FY 2015
The TRUEngine program continues to gain momentum with total engine enrollments surpassing the 10,000 mark as 2015 gets underway. The milestone comes less than six months after the program broke through the 9,000-engine mark. “The rapid growth in the TRUEngine program underscores the value of a technically robust and transparent means of identifying engines that
Flying Colours, the North Americas-based completions, refurbishment and maintenance specialists, has refurbished its first Sikorsky S-92 helicopter at its Peterborough, Canada headquarters. Delivery of the nine passengers S-92 took place at the end of January. The helicopter, which is a VIP variant, features a unique and eye-catching electric blue themed interior designed exclusively by the
Aircraft cabin lighting company STG Aerospace reported that Copa Airlines has become the latest airline to install its liTeMood retrofit LED lighting system representing the first airline in Latin America to complete a 737-800 liTeMood installation. With many of their 737NG fleet installed with Boeing Sky Interior, Copa looked for a cost effective solution to
Abu Dhabi Airports announced that passenger traffic at Abu Dhabi International Airport increased by 20.7% in January 2015. A total of 1,887,631 passengers passed through Abu Dhabi International Airport during the month, compared with 1,564,266 in January 2014. There were 14,128 aircraft movements in January 2015, which was an 18% increase over January 2014’s figure
Werner Aero Services has signed a long-term Engine Material Sale and Management agreement with a major European MRO to provide marketing and distribution services of its engine surplus spares. Under the agreement, which covers the V2500A-5 engine products, Werner will distribute the components throughout its world-wide network of customers. “We are very excited for the
