AAR reported second quarter fiscal year 2015 consolidated sales of US$490.0m and net income of US$15.2m. For the second quarter of the prior fiscal year, the Company reported sales of US$540.7m and net income of US$20.0m. Within the Aviation Services segment, sales decreased 11.1% to US$377.7m. Supply chain sales to commercial and defense customers experienced
Hawaiian Airlines announced a definitive purchase agreement with Airbus, finalizing the Memorandum of Understanding announced earlier this year to acquire six new A330-800neo aircraft starting in 2019. The agreement replaces Hawaiian’s previous order for six A350-800s. The transaction includes rights to purchase an additional six aircraft as part of the carrier’s path to growth and
SkyWorks Leasing has completed a lease extension of one B747-400 (s/n 24381) to United Airlines, on behalf of a U.S-based investor. In the preceding 12-month period, SkyWorks have also negotiated and arranged the following transactions on behalf of the same investor: long term lease extensions to United Airlines of one RR-powered B757-200 (s/n 27293) and
The news that Barack Obama has decided to restore political ties between the US and Cuba could prove good news for the airline industry. Though clearly it is early days, a number of airlines who currently operate charter flights to the Caribbean island have already identified the potential for increased business. Anthony Black, who is
Pratt & Whitney and Kawasaki Heavy Industries signed a risk and revenue-sharing collaboration agreement for KHI to provide key hardware modules for Pratt & Whitney’s PurePower Geared Turbofan (GTF) engines. Pratt & Whitney currently has 10 worldwide GTF collaboration partners, many of which work across multiple GTF engine variants to be installed on various aircraft
Etihad Airways, one of the world’s leading airlines, welcomed the first of its ten new Airbus A380 aircraft. Etihad Airways is the thirteenth airline to operate the A380, and the aircraft is the 150th A380 delivered by Airbus. The delivery is set to boost capacity on several of Etihad’s most in-demand routes, taking the airline
BOC Aviation has finalized an order for two additional 737-800s, valued at US$186m at current list prices. The order is a part of the Singapore-based leasing company’s effort to grow its portfolio of fuel-efficient airplanes. “Building on our order of 80 737 aircraft earlier this year, these two additional Next-Generation 737s enable us to respond
Avianca took delivery of the first 787 Dreamliner for the Latin American carrier, helping the airline stay at the forefront of technology in the region. “The addition of the first Boeing 787-8 to Avianca’s fleet is a milestone for commercial aviation and for our airline, which strives to bring the most advanced aviation technology to
Alaska Airlines flight attendants approved a new five-year contract. Included in the new contract are quality of life enhancements and pay increases that rank Alaska’s 3,400 flight attendants among the highest paid in the industry at every pay step. Under the Railway Labor Act, which governs collective bargaining agreements in the airline industry, contracts do
Dassault Aviation rolled back the curtains on the ultra long range Falcon 8X, the company’s new flagship and the latest addition to the growing Falcon business jet family. Unveiled at Dassault’s Bordeaux-Merignac facility before an audience of customers, operators, industrial partners and representatives of certification authorities, the 8X will offer the greatest range and the
