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
United Airlines (UAL) reported full-year 2014 net income of US$1.97bn, an increase of 89% year-over-year, or $5.06 per diluted share, excluding US$834 million of special items. Including special items, UAL reported full-year net income of US$1.13bn, or $2.93 per diluted share. UAL reported fourth-quarter 2014 net income of US$461m, an increase of 86% year-over-year, or
In a move that is doubtless intended to show international air safety bodies that Indonesia has woken up to the fact they have been lax in their air safety policies, Indonesia’s Minister of Transport, Ignasius Jonan, has announced that a number of new safety rules have been put in place since the crash of AirAsia’s
International Airfinance Corporation (“IAFC”) has signed a firm purchase agreement for five Airbus A330-200 aircraft. The agreement also includes options for an additional four A330-200 aircraft. Based on list price, the contract value for IAFC’s transaction covering five Airbus A330-200 aircraft and four options is approximately US$2bn. Firm Aircraft are already placed on long term
SR Technics and Germania Fluggesellschaft GmbH have entered into an exclusive long-term agreement for engine services. Valued at US$180m, the agreement is effective immediately. It covers engine services for Germania’s fleet of Airbus A319 and A321 as well as Boeing 737-700 planes. The engines involved are CFM56 series -5B and -7B produced by Snecma (Safran)
