The European Investment Bank (EIB) and Airbus Group have announced the signature of a €500m finance contract in support of Airbus Group’s innovation and R&D programmes in Europe, of which €400m will go to research, development and innovation (RDI) activities in France. This new agreement brings total EIB support for Airbus Group since 2011 to
Rockwell Collins reported total sales for the first quarter of fiscal year 2015 of US$1.23bn, a 16% increase from the same period in fiscal year 2014. First quarter fiscal year 2015 earnings per share from continuing operations increased 29% to $1.26 compared to $0.98 in the prior year. Earnings per share for the first quarter
GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing arm of GE, delivered a new leased Airbus A330-300 aircraft to KLM Royal Dutch Airlines, the flag carrier of the Netherlands, as part of the airline’s fleet renewal program. The aircraft is part of GECAS’ existing order book with Airbus. The KLM Group currently operates a
Seattle-based Horizon Air has converted two of seven previously acquired Q400 NextGen aircraft options to firm orders. The airline retains its options on another five Q400 NextGen aircraft. Horizon Air and its sister carrier, Alaska Airlines are subsidiaries of Alaska Air Group. Based on the list price of the Q400 NextGen aircraft, the purchase agreement
It was back in 2012 that Air France-KLM agreed the implementation of Transform 2015 in a bid to return the airline to profitability. At that time 5,100 job cuts were expected to be the solution after fiveyears of running at a loss. The French Government owns a 15.9% stake in the airline and the socialist
Boeing and Thai Airways International (THAI) celebrated the Thai flag-carrier’s 75th direct delivery of a Boeing airplane. Marking the milestone delivery, Boeing and THAI collaborated to transport 1,000 wool blankets onboard THAI’s newly delivered 777-300ER (Extended Range). The blankets, donated by Another Joy Foundation, will be distributed by the airline to people in need in
Southwest Airlines’ fourth quarter 2014 total operating revenues increased 4.5% to US$4.6bn, while operating unit revenues increased 2.0%, on a 2.4% increase in available seat miles, all as compared with fourth quarter 2013. The growth in operating revenues was largely driven by strong fourth quarter 2014 passenger revenues. Operating income in fourth quarter 2014 was
American Airlines will begin operating its new daily service between Dallas/Fort Worth International Airport (DFW) and Beijing Capital International Airport (PEK) on May 7th, marking the airline’s sixth daily flight to Asia from DFW and the only nonstop flight connecting DFW and Beijing. With the addition of this service, American will offer 11 routes between
StandardAero signed an exclusive five year contract, with a five year renewal option on January 1st, 2015, to maintain, repair and overhaul West Altantic Cargo Airline’s PW126 engines, modules, components and parts. The agreement will cover West Atlantic’s owned fleet of 41 BAE ATP aircraft powered by PW126 engines serving the cargo mail and express
Alaska Air Group reported fourth quarter 2014 GAAP net income of US$148m compared to GAAP net income of US$78m in 2013. Excluding mark-to-market fuel hedge gains of US$6m (US$4m after tax) a benefit related to the curtailment of certain postretirement benefit plans and a one-time gain associated with the settlement of a legal matter for
