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
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,
