Even the most optimistic projections for airline profitability in 2014 seem to be exceeded as the price of crude oil continues to fall. This year oil futures figures have virtually halved and the price of a barrel of crude oil dropped below US$50.00 this week. In June it was projected that globally, airlines would make
From next year the Lufthansa Group will be fuelling their aircraft at Oslo airport with a biokerosene mixture. The Group recently became the first airline group to sign this kind of contract with the Norwegian oil company Statoil Aviation. The Company is thus pushing forward along the path of research, testing and use of alternative
AerCap Holdings has signed an agreement with China Southern, the largest airline in both Asia and The People’s Republic of China, for the lease of twenty-four Airbus A320neo family aircraft from its order book. The A320/A321neos will be delivered to China Southern between 2016 and 2019 and equipped with PW1100G-JM engines from Pratt & Whitney.
PCX Aerostructures acquired Cam-Tech Manufacturing on December 23rd, 2014. Based in Mansfield, Texas, Cam-Tech will operate as a wholly owned subsidiary of PCX. Roger Hagger, Cam-Tech’s Vice President, will continue in this role in partnership with Alan Haase, President & CEO of PCX. With headquarters in Newington, CT, PCX Aerostructures is a world class supplier
Triumph Group closed the previously announced agreement with Spirit AeroSystems to take over production of the Gulfstream G650 and G280 wing programs located in Tulsa, Oklahoma, effective December 30th, 2014. The business will operate as Triumph Aerostructures-Vought Aircraft Division-Tulsa and will be included in the Aerostructures Group segment. Under the terms of the agreement, Triumph
GE Aviation’s Passport Integrated Propulsion System for Bombardier’s new Global 7000 and Global 8000 business jets began flight-testing on GE Aviation’s 747-100 flying test-bed. On December 30th, 2014, a single Passport engine successfully demonstrated aircraft systems and instrumentation functionality. Flight-testing will continue through January prior to expected FAA certification in 2015. To date, the Passport
GP7200 engines have entered revenue service with Etihad Airways’ first EA-powered A380. The airline operated its first revenue flights on December 27th, 2014 between Abu Dhabi International Airport and London Heathrow Airport. The EA-powered A380 entered service in August 2008. Currently 82 EA-powered A380s are in operation around the globe: 57 with Emirates, ten with
Aircraft cabin lighting specialists, STG Aerospace, has been awarded a retrofit programme with the UK’s largest leisure airline, Thomson Airways. The contract will see STG Aerospace retrofit nine of Thomson’s Boeing 737NG fleet and fourteen of its 757 fleet with liTeMood, a true plug-and-play programmable blue/white LED mood lighting system designed specifically to retrofit commercial
Royal Air Maroc this weekend celebrated the arrival into Morocco of its first 787 Dreamliner. The airline will be the first carrier in the Mediterranean region to operate the 787. The airplane, delivered to the airline on Dec. 31st, 2014 from Boeing’s Everett, Wash. Delivery Center, flew a 4,788 nautical mile (8,867 kilometer) nonstop flight
AWAS has delivered an additional new A320 passenger aircraft on lease to Spring Airlines in China. This aircraft comes from AWAS’ existing pipeline order with the manufacturer and will assist with Spring’s growth needs: domestically and to pan-regional routes such as Singapore.
