Air Lease Corporation delivered one new ATR 72-600 aircraft to APEX Airlines (Myanmar), a new customer for ALC. This aircraft is from ALC’s order book with ATR. “ALC is pleased to add APEX Airlines as a new customer. This fuel efficient ATR 72-600 will support APEX’s growth in Myanmar’s rapidly expanding commercial aviation industry,” said
Pratt & Whitney PurePower engines will provide exclusive power for 32 Mitsubishi Regional Jets (MRJ) under an agreement announced by Japan Airlines (JAL) and Mitsubishi Aircraft Corporation. PW1200G engines will power the aircraft and Pratt & Whitney will provide fleet management support services for the engines. Pratt & Whitney was previously selected as the exclusive
Boeing and Transavia Company, a wholly owned subsidiary of the Air France KLM Group, announced an order for 17 Next-Generation 737-800s, including options for three additional airplanes. The order, valued at US$1.6bn at current list prices, was previously booked and attributed to an unidentified customer on the Boeing Orders & Deliveries website. The order will
LCI, the aviation leasing arm of The Libra Group, has committed to expand its helicopter fleet with firm orders for a further 11 AgustaWestland aircraft valued at US$125m (€110m). The new aircraft, which are converted from options held by the helicopter lessor, are made up of a mix of AW139, AW169 and AW189 aircraft. The
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
