BAE Systems has won business from two more European operators of Boeing 737 and Boeing 757 aircraft to upgrade existing Traffic Collision and Avoidance Systems (TCAS). The new business comes from Romania’s flag carrier TAROM and Turkish-based MGA MaviGok Aviation and covers a total of 22 aircraft. Referred to as TCAS 7.1 the upgrade covers
MTU Aero Engines has once again beaten its previous records. In the financial year 2014, revenues grew by 10% to a new all-time high of €3,913.9m (2013: €3,574.1m). MTU’s operating profit rose from €377.4m in 2013 to €382.7m. Earnings after tax amounted to €253.3m (2013: €238.6m). The commercial engine business recorded the highest revenue growth
Norwegian’s 2014 results are characterized by strong revenue and capacity growth as well as major investments for future expansion. Fuel hedging for 2015 for the amount of NOK459m was a considerable cost in 2014. Consequently, major costs for 2015 have already been covered. The company reported a net loss of NOK-1,050m compared to net profit
It has been made public that during the fatal crash of TranAsia’s flight GE235, after the first engine failed the pilots on board shut down and then tried to restart the working engine – a move which is believed to have caused the plane to stall and then crash into the Keelung River in Taipei,
Embraer delivered to American Airlines the first of 60 firm order E175 jets under the contract signed between the two companies in December 2013. The contract also included options for another 90 E175s, taking the total order potential to 150 aircraft. American Airlines selected Compass Airlines, a wholly owned subsidiary of Trans States Holdings, to
Air Canada reported full year adjusted net income of CA$531m compared to adjusted net income of CA$340m in 2013, an improvement of CA$191m. EBITDAR (earnings before interest, taxes, depreciation, amortization and aircraft rent) amounted to CA$1.671bn compared to EBITDAR (excluding the impact of benefit plan amendments) of CA$815m, an increase of CA$196m from 2013. The
Waypoint Leasing (Ireland), one of the largest independent global helicopter leasing companies, has closed on a multi-aircraft agreement with RLC, the largest privately held helicopter operator in the Gulf of Mexico. The initial transaction includes the purchase and leaseback of 10 helicopters, including the Bell 407 and Bell 206L4, supporting near-shore shelf production of natural
Boeing celebrated the opening of its new propulsion engineering and assembly facility in North Charleston. The team of engineers, manufacturing and support personnel at Propulsion South Carolina (PSC) are responsible for the design and assembly of the 737 MAX engine nacelle inlet, the design of the 737 MAX engine nacelle fan cowl and the design
Spring Airlines, an all Airbus A320 Family operator and China’s first low cost airline, has taken delivery of a new A320 at Airbus (Tianjin) Delivery Centre on lease from ICBC Financial Leasing, a leasing company owned by the Industrial and Commercial Bank of China. The newly received aircraft brings the carrier’s total Airbus A320 fleet
South Korea’s Asiana Airlines has signed a Letter of Intent (LOI) with Airbus for the purchase of 25 A321neo single aisle aircraft as part of its ongoing fleet modernisation programme. Seating 180 passengers in a two class layout, the new aircraft will be operated on the carrier’s regional services, as well as on selected domestic
