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Airline profitability improves with falling oil prices

The International Air Transport Association (IATA) announced an outlook for improved industry profitability in its Economic Performance of the Air Transport Industry report. Airlines are expected to post a collective global net profit in 2014 of some US$19.9bn (up from the US$18.0bn projected in June). This looks set to rise to US$25.0bn in 2015. Lower

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China needs over 5,300 new aircraft in the next 20 years

Airbus forecasts that China will need over 5,300 new passenger aircraft and freighters from 2014 to 2033, with a total market value of US$ 820bn. It represents 17% of the world total demand for over 31,000 new aircraft in the next 20 years. According to Airbus’ 2014-2033 Global Market Forecast, new deliveries of passenger and

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HoverFly selects new generation AW169 for passenger transport missions

HoverFly of Italy has signed a contract for an AW169 light intermediate twin engine helicopter to perform passenger transport missions plus a comprehensive package of support and training services. This aircraft will replace an ageing AS365 helicopter providing the operator with greater mission capability and the latest safety features. The AW169 is scheduled to be

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GA Telesis Composite Repair Group earns National Civil Aviation Agency of Brazil certification

GA Telesis Composite Repair Group (CRG), a leader in structural and composite repair technologies, has been awarded ANAC certification (SEGVOO 001) by the Brazilian Aeronautical Authorities. This ANAC certification makes both GA Telesis Composite Repair Group and GA Telesis Component Repair Group Southeast (CRG-SE), authorized repair stations for all Brazilian airlines, MROs and parts suppliers.

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Groundbreaking of GAMECO landing gear overhaul base in Qingyuan

On December 8th, 2014, a groundbreaking ceremony for the new landing gear overhaul facility of GAMECO was held at its Qingyuan branch in Yingfu Industrial Park, Taiping County, Qingxin District, Qingyuan. GAMECO plans to invest over CNY 200m on its Qingyuan Landing Gear Overhaul Base with the main facility to be located in Yingfu and

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Comlux America signs first wide body completion

Comlux America, the Completion and Services center of the Comlux Group based in Indianapolis IN, signed their first wide body completion. The aircraft, an Airbus A330, is scheduled to input in September of 2015 to be outfitted with a full VIP interior. Since 2009, Comlux has already completed several narrow body completions including ACJ319, ACJ320,

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Rockwell Collins’ Venue, Airshow cabin systems selected for wide-body VIP business jet

Rockwell Collins’ Venue HD cabin management and entertainment system, Airshow Moving Map and audio/video on-demand (AVOD) streaming solution, have been selected by an undisclosed customer for a wide-body Airbus A340 business jet. The comprehensive cabin package will be installed in mid-2015. The updated A340 will feature full-cabin video and music streaming capabilities for both Apple

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UTair’s woes continue as it faces bankruptcy lawsuit

It was back in July that UTair began its cost-cutting program, Impulse, through which it was aiming to reduce annual running costs by 5bn roubles per annum (US$140m). The airline had intended to cut management staff by 30%, optimize route networks, reduce airport handling time between flights and automate MRO plans. The Russian airline had

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