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
Porter Aviation Holdings has completed the sale of its passenger terminal at Billy Bishop Toronto City Airport (BBTCA) to Nieuport Aviation Infrastructure Partners GP (Nieuport Aviation), a consortium of Canadian and international infrastructure equity investors. Nieuport Aviation comprises InstarAGF Asset Management Inc. (InstarAGF), Kilmer Van Nostrand Co. Limited, Partners Group, and institutional investors advised by
The board of Aer Lingus has recommended acceptance of an increased €1.36bn (US$1.5bn) takeover offer from IAG, who are now left with the problem of allaying any concerns the Irish Government may have in order to gain their approval. “IAG recognises the importance of direct air services and air route connectivity for investment and tourism
AWAS has agreed to lease one A319 passenger aircraft to new customer Bangkok Airways in Thailand. This aircraft comes from AWAS’ existing portfolio, was delivered to the airline and will be used on Bangkok Airways network operating from Suvarnabhumi International Airport in Bangkok, Thailand.
On January 27th, Safran’s new Research & Technology Center, Safran Tech, was inaugurated at France’s leading science and technology cluster, in Saclay, near Paris. Safran Tech will eventually house some 300 scientists and engineers dedicated to research on key disciplines for all of Safran’s business sectors. Safran Tech reflects Safran’s corporate strategy of intensifying and
CAE and Bombardier have signed an agreement for CAE’s acquisition of Bombardier’s Military Aviation Training business for approximately CA$19.8m. The closing of the transaction is conditional on usual conditions and regulatory approvals, and if those are obtained closing is expected to occur during 2015. This move significantly enhances CAE’s core capabilities as a training systems
For the fourth quarter 2014, American Airlines Group reported a record GAAP net profit of US$597m. This compares to a GAAP net loss of US$2.0bn in the fourth quarter 2013, which includes the results for US Airways only for the period from the completion of the merger on December 9th, 2013, through December 31st, 2013.
