Triumph Group reported financial results for its first quarter of fiscal year 2015, which ended June 30th, 2014. Net sales for the fiscal first quarter of 2015 were $896.9m, a 5% decrease compared to fiscal first quarter 2014 net sales of $943.7m. Organic sales for the quarter decreased 6% primarily due to production rate cuts
A new chapter has been opened in the quest to make commercial air transport more environmentally and economically sustainable, with the agreement by Airbus and South Africa’s National Aerospace Centre to jointly fund research by Hydrogen South Africa (HySA) into the application of fuel cells on airliners. The initial three-year project, which will be undertaken
FLY Leasing, a global lessor of modern commercial jet aircraft, has acquired two Airbus A330-300 aircraft manufactured in 2013 and on lease to a leading airline in Asia in a sale and lease-back transaction. FLY now has a fleet of 122 aircraft on lease to more than 65 airlines in over 35 countries.
Gama Aviation, the global business aviation company, has expanded its charter fleet offering with the addition of a multi-role Beechcraft King Air 350C. The King Air 350C, is being offered by Gama Aviation for both utility and corporate use. It will be available in one of four optional configurations; Executive, Commuter, Cargo and Medevac. The
Morpho (Safran) finalized the acquisition of Dictao, the leading publisher of software solutions for security and digital trust. Based in France, Dictao has 100 employees and offers innovative solutions for strong authentication, secure online transactions and secure archiving, for both public and private sector customers worldwide. The acquisition of Dictao reflects Morpho’s development strategy and
The European Aviation Safety Agency (EASA) revealed on September 1st, 2014 a new organisation which aims at preparing the Agency for the challenges of the coming years. The new organisation will enable the Agency to engage more pragmatically with the aviation industry. A strategy and safety management directorate has been created in order to strengthen
The Rolls-Royce composite carbon/titanium (CTi) fan system for the Advance and UltraFan engine designs has completed its most recent phase of testing at the company’s outdoor jet engine test facility at the John C. Stennis Space Center in Mississippi. The fan system undertook crosswind testing on a Trent 1000 ALPS (Advanced Low Pressure System technology)
Boeing and Xiamen Airlines celebrated the delivery of the airline’s first 787 Dreamliner. With the delivery of its first 787-8, Xiamen Airlines becomes the third Chinese airline to operate the 787. The airline will use the 787 on long-haul routes from its Fujian province base to Europe, North America and Australia.
Transaero Airlines has published its financial statement for the first six months of 2014 under International Financial Reporting Standards. Revenue from air operations and other services reached 48,602,491 thousand rubles, a 6.79% increase over six months of 2013, passenger traffic grew 4.8% over the same period of 2013 and revenue from cargo transportation increased by
Finnair and the Norwegian crew management company OSM Aviation have signed an agreement on outsourcing of cabin services. In the first phase, OSM Aviation will provide cabin service for Finnair’s routes to Hong Kong and Singapore. The cabin crew for these routes will be recruited to OSM Aviation’s bases in Asia. The parties intend to
