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
Condor Airlines stays on course and continues to grow in its long-haul sector. In summer 2015, another Boeing 767-300ER will enter service with the leisure carrier. This aircraft increases the Condor Boeing 767 fleet to a total of 13 planes of the same type, and will carry the registration code D-ABUS. The aircraft was built
Honeywell unveiled the recently completed powerhouse for Airbus’ A320 Final Assembly Line in Mobile, Ala., the aviation company’s inaugural manufacturing operation in the United States. The new building houses the technology and personnel needed to provide utilities for the entire campus — electricity, heating and cooling, chilled and drinking water, compressed air and sewage handling.
Engine Lease Finance Corporation (ELFC) has been acquired by Mitsubishi UFJ Lease and Finance Co.(MUL). ELFC’s President and CEO, Jon Sharp, states, “We are very excited by this move to MUL. MUL is one of Japan’s largest leasing companies and is renowned for its innovative approach to asset finance and for aggressively expanding its global
DVB Bank SE continued to provide financing solutions and advisory services to its clients in the international transport sector during the first nine months of 2014, but results fell short of the previous year: consolidated net income before taxes was down 24.5%, to €72.6m (9m 2013: €96.2m). The strong fluctuation in net income from financial
