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
In line with projections that China will be needing some 6,000 new airplanes by 2033, news has broken that permission has been given for the creation of five new airports across the country. Both the creation of these new airports and necessity for new aircraft comes partly from the increase in demand for domestic flight
Vector Aerospace Engine Services – Atlantic, (ES-A) has renewed its Network Services Agreement with Turboprop East, based in North Adams, Massachusetts, United States. ES-A will provide Turboprop East with comprehensive engine repair and overhaul support for the Pratt & Whitney Canada (P&WC) PT6A and JT15D series engines from its P&WC Distributor and Designated Overhaul Facility
Deutsche Lufthansa AG reported that in the course of realigning the Group’s IT activities, it will be entering into a long-term IT partnership shortly. According to the terms to be agreed, Lufthansa will outsource all of the Group’s IT infrastructure services to IBM. The IT group is also expected to take over the Infrastructure division
