Air Lease Corporation reported another consecutive quarter of fleet, revenue and profitability growth: revenues increased 23% to $256m for the three months ended June 30th, 2014 compared to $208m for the three months ended June 30th, 2013. Income before taxes increased 44% to $96m with a pretax margin of 37% for the three months ended
The International Association of Machinists and Aerospace Workers (IAM) announced it would file a lawsuit on Friday, Aug. 8th, 2014 against Spirit AeroSystems over the company’s plans to outsource IAM-represented jobs by selling a key fabrication operation and the use of outside contractors to perform work currently done by IAM-represented Spirit employees. Spirit employees in
Ethiopian Airlines has added its ninth Boeing 787 Dreamliner to its expanding fleet. The new aircraft which was received on August 3rd has been named ‘Great Wall of China’. This latest additional aircraft will support the route to Hong Kong from Addis Ababa.
Willis Lease Finance, the premier independent jet engine lessor in the commercial finance sector, reported second quarter 2014 net income was $2.2m, compared to $9.7m in the second quarter of 2013, and $4.3m in the first quarter of 2014. Earnings for the second quarter of 2013 were positively impacted by a one-time $8.6m tax benefit
Spirit Airlines and its flight attendants, represented by the Association of Flight Attendants-CWA (AFA), reached a tentative agreement for a five-year contract. The tentative agreement, which is subject to ratification by the flight attendant membership, planned for fourth quarter 2014, was unanimously supported by the union’s leadership. The agreement was reached with the assistance of
The Armed Forces of Malta took delivery of their first AW139 intermediate twin-engine helicopter during an official ceremony. The aircraft, delivered in June, will primarily be used to perform maritime border control missions.
Gogo has received a supplemental type certificate (STC) from the FAA to install its Gogo Vision wireless in-flight entertainment product on commercial aircraft with or without Gogo’s connectivity service. Gogo Vision, the leading wireless in-flight entertainment product for commercial aviation, allows passengers to stream movies and television shows to their own Wi-Fi enabled devices from
Continuing its fleet growth, FLY Leasing, a global lessor of modern commercial jet aircraft, has acquired a Boeing 737-800 to be leased to a leading airline in North America and an Airbus A330-300 on lease to a leading airline in Asia. The Airbus aircraft is the first of three A330s that FLY is acquiring in
The 15th P-8A Poseidon built by Boeing arrived at Naval Air Station Jacksonville, Fla., where it will help expand the U.S. Navy’s long-range maritime patrol capabilities. The aircraft, delivered on schedule July 31st, joined the other Poseidon aircraft being used to train Navy crews in preparation for deployment. Boeing is currently on contract to build
The Airbus A350 XWB has made its debut in Australia, landing at Sydney’s Kingsford Smith International airport on August 5th, after flying in from Johannesburg, South Africa. The aircraft is operated by Airbus flight crews and while in Sydney, a representative airline schedule operation has to be demonstrated such as normal airline turnarounds, using airport
