The Finnish Competition and Consumer Authority has approved the transaction in which Flybe Uk’s 60% ownership of Flybe Nordic venture will be transferred to StaffPoint Holding and G.W. Sohlberg (GWS). The letter of intent on this transaction was announced on January 7th 2015. Upon completion of the sale, StaffPoint’s ownership in the joint venture will
JetBlue reported operating income of US$169m in the fourth quarter. This compares to operating income of US$115m in the fourth quarter of 2013. For the full year 2014, JetBlue reported operating income of US$515m. This compares to operating income of US$428m in 2013. Pre-tax income of US$140m in the fourth quarter. This compares to pre-tax
B/E Aerospace reported 2014 revenues of US$2.6bn increased 18.0% as compared with the prior year. Adjusted operating earnings were US$466.4m, an increase of 19.8% and adjusted operating margin of 17.9% increased 20 basis points as compared with the prior year. On a GAAP basis, operating earnings were US$384.0m. 2014 adjusted EBITDA of US$571.1m increased 21.1%
Kaman Corporation announced that its Aerosystems division (Kaman) has been awarded a multi-year contract for the production of the fixed trailing edge (FTE) kits and assemblies for the Boeing KC-46A Tanker Program. Kaman delivered its first KC-46A Tanker FTE kit to Boeing in March 2014. To date Kaman has provided more than 1,000 FTE kits
Six years after the fatal crash of a regional turboprop plane operated by Colgan Air near Buffalo, New York, killing all 49 on board and one man on the ground, the USFAA have now begun to implement new safety rules that are the last airline safety enhancements mandated by Congress in 2010 in response to
Commercial Jet is modifying Aeronautical Engineers’ (AEI) 400th freighter conversion. The 11 pallet position B737-400SF (MSN 25105) was converted at Commercial Jet’s Miami, Florida facility and delivered to TNT Airways S.A., in mid-December of 2014. Commercial Jet provided all of the touch labor for the passenger-to-freighter conversion, performed heavy maintenance and painted the aircraft.
Japan Airlines (JAL) and Mitsubishi Aircraft Corporation have signed an agreement for the purchase of thirty-two firm Mitsubishi Regional Jet (MRJ) aircraft. JAL and Mitsubishi Aircraft signed a Letter of Intent (LOI) on August 28th, 2014, and have moved forward to conclude this agreement on January 28th, 2015. JAL highly evaluates the performance of the
McMurdo Group, a global leader in end-to-end search and rescue and maritime domain awareness solutions, reported that its Kannad Survival Emergency Locator Transmitters (ELTs) are being integrated throughout Southwest Airlines’ (LUV) fleet of 636 Boeing (BA) 737 aircraft. ELTs, which are a key component of passenger and crew safety in the event of an emergency,
Boeing reported record fourth-quarter revenue of US$24.5bn on higher deliveries and core earnings per share (non-GAAP) that increased 23% to US$2.31, reflecting strong performance across the company. Fourth-quarter 2014 core operating earnings (non-GAAP) increased to US$2.3bn and GAAP earnings from operations increased to US$2.0bn. Fourth-quarter 2013 results included a US$406m non-cash charge (US$0.34 per share)
South African-based Fireblade Aviation (Pty) which manages the only Fixed Base Operation (FBO) at Johannesburg’s OR Tambo International Airport (ORT) has selected FBO One, from Amsterdam Software, as its online management tool to run its FBO and fuel management activity. Fireblade Aviation FBO, which became operational on September 1st 2014, is aiming to fulfil a
