Boeing released that final assembly of the 787-10, the newest and longest member of the 787 Dreamliner family of airplanes, will take place exclusively in North Charleston, S.C. Boeing will continue to assemble both 787-8s and 787-9s in Everett, Wash., and North Charleston. Design of the 787-10 is underway in Everett, with final assembly of
CIT Group, a global leader in aircraft finance, reported that CIT Aerospace provided a $27m senior secured credit facility to Virgo Investment Group, a private investment management firm, to finance its acquisition of four Boeing 737-700 aircraft leased to GOL. Each aircraft is equipped with CFM56 engines. The financing was provided by CIT Bank, the
UTC Aerospace Systems’ Landing Systems business marked a major milestone when it delivered its 5,000th set of landing gear for a Next-Generation 737 to Boeing. The gear components were delivered from their final integration site, the Landing Systems facility in Everett, Washington. The Everett facility supports the Boeing production line through provision of fully integrated
Boeing is forecasting continued strong growth in demand for commercial aviation pilots and maintenance technicians as the global fleet expands over the next 20 years. Boeing’s 2014 Pilot and Technician Outlook, released at EAA AirVenture Oshkosh, projects that between 2014 and 2033, the world’s aviation system will require 533,000 new commercial airline pilots and 584,000
Calgary-based WestJet Encore has signed a firm purchase agreement for five Q400 NextGen airliners. This transaction is a conversion of a batch of five options booked by the carrier’s parent company WestJet and follows the first conversion of five option aircraft announced on March 27, 2014, bringing the number of option aircraft exercised to 10.
Rolls-Royce notes the termination by Airbus of an order for six Trent 900-powered Airbus A380 aircraft from Skymark Airlines of Japan. The aircraft were due for delivery between 2014 and 2015. The airline had also selected TotalCare service and support for the engines. This cancellation reduces the Group’s order book by £351m which represents 0.5%
FLY Leasing Limited, a global lessor of modern commercial jet aircraft, has signed agreements with a leading Asian airline to purchase and lease back three Airbus A330-300 aircraft. Under the terms of the agreements, FLY will purchase the first of the aircraft in the coming weeks and the two remaining aircraft later this year. Two
Spirit Airlines reported adjusted net income for the second quarter 2014 increased 45.2% to $66.5m compared to $45.8m the second quarter 2013. GAAP net income for the second quarter 2014 was $64.8m compared to $42.1m in the second quarter 2013. For the second quarter 2014, Spirit achieved an adjusted pre-tax margin of 21.3% compared to
WestJet announced its second quarter results for 2014, with net earnings of $51.8m as compared with the net earnings of $44.7m in the second quarter of 2013. Based on the trailing twelve months, the airline achieved a return on invested capital of 13.7%, consistent with the 13.7% reported in the previous quarter.
Boeing and All Nippon Airways celebrated the delivery of the airline’s first 787-9 Dreamliner. ANA will become the world’s first airline to operate both the 787-8 and 787-9 variants of the Dreamliner family when the airline launches 787-9 services on domestic Japanese routes in August. With this delivery, ANA will have 29 787s in its
