AeroCentury Corp., an independent aircraft leasing company, reported its operating results for the third quarter ended September 30th, 2014. The Company reported a net loss of US$8.2m for the third quarter of 2014, compared to net income of US$4.0m for the third quarter of 2013. The Company reported a net loss of US$11.8m for the
MTU Aero Engines has concluded a strategic agreement with U.S. engine manufacturer GE Aviation on the maintenance, repair and overhaul (MRO) of the GEnx turbine center frame (TCF). The contract makes MTU the provider of MRO services for GEnx TCFs within the GE Aviation network. The GEnx powers the Boeing 787 Dreamliner and is the
Embraer Commercial Aviation forecasts that airlines in Latin America will take delivery of 700 new jets in the 70 to 130-seat segment over the next 20 years, representing 11% of the worldwide demand for the segment in the period. It is estimated that 63% of these units will support growth and 37% will replace older-generation
Indonesia’s Lion Group has celebrated the delivery of its first three Airbus aircraft at a special ceremony in Toulouse on November 13th. The aircraft are the first from an order placed by Lion Group in March 2013 for 234 A320 Family aircraft, comprising 109 A320neo, 65 A321neo and 60 A320ceo. The initial batch of A320s
Finmeccanica – AgustaWestland and Sino-US Intercontinental announced the sale of an AW119Kx single engine helicopter to a private operator in China. The aircraft will be delivered by the end of this year and will be used to perform passenger transport operations in the country. This latest contract further expands the presence of AgustaWestland commercial helicopters
One is left wondering if this type of scenario isn’t an airline’s worst nightmare. You are at the heart for the world’s fifth largest domestic air travel market, located in the fourth most populous country in the world, and you have 500 planes on order over the next ten years. What could possibly be wrong
The Emirates Group announced its half-yearly results which show steady performance and growth, despite a challenging business environment marked by ongoing health pandemic concerns, regional conflicts, and weakening global markets. The Emirates Group revenues reached AED 47.5bn (US$ 12.9bn) for the first six months of its 2014-15 fiscal year, up 12% from AED 42.3bn (US$
The world’s latest generation commercial airliner, the A350-900, received Type Certification on November 12th from the US Federal Aviation Administration (FAA) at FAA headquarters in Washington D.C. The certified aircraft is powered by Rolls-Royce Trent XWB engines. This milestone follows the A350-900 Type Certification awarded by the European Aviation Safety Agency (EASA) on September 30th.
Thales will equip its avionics package on all 234 new Airbus A320 fleet purchased by Lion Air. This represents the largest order for Airbus single-aisle aircraft ever placed by Lion Air. Lion Air, who already equips their entire ATR fleet with Thales systems, is Indonesia’s largest private airline and one of the fastest growing carriers
FLY’s net income for the third quarter of 2014 were US$15.4m compared to US$0.3m in the same period in 2013.Total revenues increased 33% to US$105.5m. Operating lease rental revenue for the third quarter of 2014 was US$105.1m compared to US$78.4m for the same period in the previous year, an increase of 34%. The increase was
