Transaero’s financial results under Russian Accounting Standards for the first three quarters of 2014 saw revenue from air operations increase by 6% in comparison with the same period of 2013 and reach RUB84.8bn (US$2.4bn). The airline’s cost reduction programme adopted in 2012 has delivered savings in the first three quarters of 2014, with selling costs
Panasonic Avionics is providing critical communications on board a high-tech flying hospital used to transport Ebola patients from Africa to overseas care facilities. An Airbus A340-300 aircraft, which is chartered from Lufthansa by the German Foreign office, has been converted into a hospital aircraft with isolation chambers for patients diagnosed as suffering from the disease.
OEMServices has launched an important extension program and has moved to a brand new facility of 6.500 m² (70,000 ft²) connected to CDG Airport. Fully adapted to OEMServices customer’s requirements, the new center integrates the AOG and distribution services, as well as customer front desk teams. “OEMServices has significantly grown over the past few years
Back in November 2010, 11 airlines were fined by the European Commission for fixing the price of air cargo between 1999 and 2006. The fines totalled €800m, ranging from €339.6 for Air France-KLM (including Martinair) to €8.2m for LAN Chile. The maximum fine was based on 10% of 2009 turnover for each airline. Interestingly, at
Rolls-Royce has announced an £18m investment in Bristol, UK, to support the TP400 engine. The TP400, produced by the Europrop International engine consortium in which Rolls-Royce is a senior partner, powers the Airbus A400M military transport aircraft which has just entered service with the UK’s Royal Air Force (RAF). The investment will fund the provision
Bombardier Commercial Aircraft officially welcomed Investec Bank to the family of Q400 aircraft lessors as Thai premium low-cost carrier Nok Air and the international bank and asset manager closed the sale and leaseback of two extra capacity Bombardier Q400 NextGen airliners. The 86-seat aircraft recently joined the carrier’s fleet as part of a purchase agreement
Avolon Holdings announced the launch of its initial public offering of 13,636,363 common shares. The initial public offering price is currently expected to be between $21 and $23 per share, which would result in a total offering size of between US$286m and $314m. All of the common shares are being offered by the selling shareholders.
Azul Brazilian Airlines has signed a purchase agreement for 35 A320neo Family aircraft. The airline, which is also leasing another 28 A320neo aircraft, has chosen the A320neo Family to carry out domestic long haul flights and high density routes, including Campinas – Salvador and Campinas – Recife. For Azul, an important driver for selecting the
Stellwagen Finance Company, the parent company of Aviation Finance Compan (AFC) of Dublin, Ireland announced the purchase of Volito Aviation Services A.B. (VAS) of Sweden together with its Irish subsidiary. The acquisition will be completed in two stages and the first stage is now completed. This acquisition represents another step in the evolution of AFC’s
As from summer 2015 and during a three-month trial phase, Air France and Orange will offer Wi-Fi access on board two Airbus A320s on the short and medium-haul networks. Customers travelling on two Air France short and medium-haul Airbus A320s will be able to surf the internet, read their emails, watch live TV or enjoy
