AWAS have placed one 737-800 passenger aircraft on lease with Air Italy, a scheduled service airline, and integral part of the Meridiana group based in Sardinia. This aircraft comes from AWAS’ existing portfolio and has been delivered on July 24th.
China Eastern Airlines has selected Messier-Bugatti-Dowty (Safran) to supply MRO services and wheels and brakes for its respective A330 and A320 fleets. The MRO agreement will entail landing gear overhaul, loan and standard exchange services for 20 A330 aircraft. The overhaul activity will take place from 2015 to 2018 at Messier-Bugatti-Dowty’s MRO facility in Singapore.
Embraer Executive Jets delivered the 25th Phenom 300 to NetJets, a Berkshire Hathaway company. A purchase agreement for 50 Phenom 300, plus 75 options, was signed in October 2010. The total value of the deal may exceed US$1bn, if all options are exercised.
Southwest Airlines reported quarterly net income, excluding special items, of $485m compared to second quarter 2013 net income, excluding special items, of $274m. Quarterly net income of $465m, which included $20m (net) of unfavorable special items, compared to second quarter 2013 net income of $224m, which included $50m (net) of unfavorable special items. Southwest reported
Bombardier announced the implementation of a new organizational structure, comprised of four business segments: Bombardier Transportation, Bombardier Business Aircraft, Bombardier Commercial Aircraft and Bombardier Aerostructures and Engineering Services. Effective immediately, all four business segments will report directly to Pierre Beaudoin, President and Chief Executive Officer, Bombardier Inc. The heads of the business segments remain Lutz
China Airlines has selected UTC Aerospace Systems for a long-term detailed spare parts agreement that includes air management, electric, and engineering systems on select Boeing and Airbus aircraft operated by the airline. As part of the five-year exclusive agreement, UTC Aerospace Systems will provide China Airlines with OEM parts for the Airbus A330 and A340
For the second quarter 2014, American Airlines Group reported a record GAAP net profit of $864m. This compares to a GAAP net profit of $220m in the second quarter 2013, for AMR Corporation prior to the merger. The Company believes it is more meaningful to compare year-over-year results for American Airlines and US Airways excluding
United Airlines reported second-quarter 2014 net income of $919m, an increase of 51% year-over-year, excluding $130m of special items. Including special items, UAL reported second-quarter 2014 net income of $789m. Second quarter of 2014, total revenue was $10.3bn, an increase of 3.3% year-over-year. Second-quarter consolidated passenger revenue increased 3.6% to $9.0bn, compared to the same
JetBlue reported record second quarter operating revenues of $1.5bn. Revenue passenger miles for the second quarter increased 5.7% to 9.6bn on a capacity increase of 6.0%, resulting in a second quarter load factor of 84.6%, a decrease of 0.3 points year over year. Operating expenses for the quarter increased 9.8%, or $119m, over the prior
GE Capital Aviation Services (GECAS) has signed an agreement to lease four Boeing 777-300ER aircraft to EVA Airways, following a lease of two B777-300ER aircraft in February 2014. Delivery of the six aircraft is scheduled for 2016 and 2017. The B777-300ERs will modernize EVA’s long-range fleet with high fuel-efficiency, more payload capabilities and additional flexibility
