Sierra Nevada Corporation (SNC) has completed acquisition of a UK and Germany-based aircraft company, 328 Support Services GmbH (328), owner of the type certificate and intellectual property (IP) rights for design, manufacturing, maintenance and certification of the 200 existing Dornier 328 (D328) prop and jet aircraft. In addition, SNC holds IP rights and supplemental type
Sanad Aero Solutions GmbH (Sanad), a wholly-owned subsidiary of Mubadala Development Company, has increased its leasing portfolio of spare engines and components with Etihad Airways through the addition of new assets valued at US$100m, including spare GEnx and GP7200 engines and spare landing gear and nacelles, to support the airline’s growing fleet of B777, B787,
The writing was on the wall when just over 12 months ago we reported that the African airline industry was losing out heavily to Middle Eastern-based airlines such as Emirates, Etihad and Saudi Airlines. We had seen Middle Eastern carriers outstrip performances from all other regions, where total passenger traffic (both domestic and international) was
Delta Air Lines’ maintenance division and its maintenance, repair and overhaul (MRO) provider business, will now be offering six variants of the CF34-8 jet engine to its list of aircraft engines eligible for MRO services: CF34-8C5, CF34-8C5A1, CF34-8C5A2, CF34-8C5B1, CF34-8E5, CF34-8E5A1. As the best-selling regional jet engine in its class, the CF34 by General Electric
Gogo, a leading global aero communications service provider, announced that its commercial aviation operation has earned AS9100 aerospace quality certification. AS9100 is the internationally recognized Quality Management System standard for the aviation, space and defense industries. The certification satisfies a major requirement that must be satisfied in order for Gogo’s technologies to become a line-fit
Bombardier Aerospace’s revenues amounted to US$3.3bn for the three-month period ended December 31st, 2014, compared to US$2.9bn for the same period last fiscal year, an increase of 15.8%. For the year, revenues totalled US$10.5bn, compared to US$9.4bn last fiscal year, an increase of 11.9%. Negative EBIT totalled US$1.3bn, or (39.2)% of revenues, for the fourth
Boeing and Korean Air finalized an order for five 777 Freighters. The order, valued at more than US$1.5bn at current list prices, will add further efficiency and reliability to Korean Air’s all-Boeing freighter fleet. As one of the world’s largest cargo airlines, Korean Air currently operates an all-Boeing freighter fleet of 26 airplanes that includes
Back on the 5th December last year we reported on the incident where Heather Cho, the daughter of the Chairman of Korean Air, Cho Yang-ho, created more than just a commotion over the incorrect presentation of some peanuts on board her flight. Rather than simply admonishing the member of the cabin staff for the error,
LUXAIR Société Luxembourgeoise de Navigation Aérienne S.A. (“Luxair”), the national airline of the Grand Duchy of Luxembourg, signed a firm purchase agreement for three Q400 NextGen aircraft and options on an additional two Q400 NextGen aircraft. Based on the list price of the Q400 NextGen aircraft, the firm order is valued at approximately US$100.3m and
Copa Holdings reported net income of US$35.9m for 4Q14 as compared to net income of US$113.2m in 4Q13. Excluding special items, which for 4Q14 includes a non-cash loss of US$89.1m associated with the mark-to-market of fuel hedge contracts, and a US$0.4m loss related to devaluation of the Venezuelan Bolivar, Copa Holdings would have reported adjusted
