Airlines and pilots will both benefit from the Common Type Rating pilot training on the A350 XWB and A330 jetliners, further extending Airbus’ concept of flight operational commonality between its fly-by-wire aircraft families.The new regulatory approval means that pilots who are qualified and current on the A330 can already commence their preparations to take the
For the third quarter 2014, American Airlines Group reported a record GAAP net profit of $942m. This compares to a GAAP net profit of $289m in the third quarter 2013 for AMR Corporation prior to the merger. Third quarter 2014 net profit excluding net special charges was a record $1.2bn. This represents a 59% improvement
Atlas Air Worldwide Holdings announced the placement of two incremental Boeing 747 freighters into ACMI service. The two aircraft, a 747-8F and a 747-400F, will be operated in Polar Air Cargo Worldwide’s express network under an ACMI arrangement for the benefit of DHL Express, the world’s leading international express shipping company, and Polar’s other customers.
Etihad Airways selected SAP SE (SAP) as a strategic technology partner to deploy a range of key software solutions to deliver the latest best-in-class technology to the Etihad Aviation Group. The airline plans to deploy the enterprise resource planning application SAP ERP together with a range of cloud-based products across its vital business functions, including
United Airlines reported third-quarter 2014 net income of $1.1bn, excluding $151m of special items, its highest-ever quarterly profit and an increase of 99% year-over-year. Including special items, UAL reported third-quarter 2014 net income of $924m. UAL ended the third quarter with $6.9bn in unrestricted liquidity.
Southwest Airlines reported third quarter net income, excluding special items, of $382m, compared to third quarter 2013 net income, excluding special items, of $241m. This represented a 61.8% increase from third quarter 2013, and exceeded the First Call consensus estimate of $.53 per diluted share. Third quarter net income of $329m, which included $53m (net)
Southwest Airlines and the International Association of Machinists and Aerospace Workers (IAM), representing the carrier’s approximately 6,000 Customer Service Agents and Customer Support and Services Representatives, announced that the two parties have reached a tentative agreement. The tentative agreement is for a new four year contract and requires Membership ratification. The current contract became amendable
With a suite of new technologies onboard, the first Virgin Atlantic 787 Dreamliner will take to the skies on October 26th from London Heathrow to Boston. As one of the most efficient aircraft in its class, a key to its performance is its new technology and innovative design. Virgin Atlantic has teamed up with Panasonic
Amentum, the Dublin based commercial aircraft leasing company, has renewed the leases of four E190s with KLM Cityhopper B.V. The leases were extended for four years. The aircraft (MSNs 19000250, 19000279, 19000322, 19000326) are owned by Global Aircraft Fund I. Amentum is the exclusive Investment & Divestment Advisor, Asset & Lease Manager and Remarketing Agent
In the first nine months of 2014, MTU Aero Engines AG’s revenues grew by 6% to €2,811.6m (1-9/2013: €2,659.6m). The group generated an operating profit of €270.9m (1-9/2013: €267.8m) and its EBIT margin came to 9.6% (1-9/2013: 10.1 %). Net income increased by 5% to €178.3m (1-9/2013: €169.1m). “The good nine-month results and the greater
