PEMCO World Air Services announced the redelivery of a 737-400F (MSN 25375) for Brazil’s Rio Linhas Aéreas (Rio Cargo), the national postal service carrier of Brazil. The 11-pallet freighter was converted at PEMCO’s Costa Rican conversion operation at COOPESA. Rio Cargo is currently modernizing its fleet that recently numbered 12 Boeing 727s and two 767s
For the fiscal year ended March 31st, 2014, Triumph Group reported that net sales totaled $3.763bn, a 2% increase from fiscal year 2013 net sales of $3.703bn. Organic sales for the fiscal year decreased 6%. Net income for fiscal year 2014 was $206.3m, versus $297.3m for fiscal year 2013. The fiscal year’s results included approximately
The static strength test aircraft of Mitsubishi Regional Jet (MRJ) was transferred from the final-assembly factory (Komaki South Plant of MHI’s Nagoya Aerospace Systems Works located in Aichi Prefecture) to the strength test station to start preparations for the static strength test. The test will start this summer 2014, after preparations have been completed. The
Bombardier Aerospace announced the achievement of key product development milestones on the Global 7000 and Global 8000 aircraft program, with the start of production and assembly of major structures for the first Flight Test Vehicle (FTV1) of the Global 7000 and Global 8000 aircraft program. Structural and system suppliers, as well as various Bombardier Aerospace
Gogo reported record first quarter revenue of $95.7m, up 35% year-over-year. Adjusted EBITDA for Q1 2014 was $5.3m, up 87% from $2.9m in Q1 2013, driven by strong growth in CA-NA and BA segment profit, offset in part by increased segment loss in CA-ROW due to increased investment in it’s international expansion. Net loss attributable
Air Lease Corporation reported its owned aircraft fleet has reached 200 aircraft. The milestone was achieved when Air Lease simultaneously delivered three new aircraft to three different lessees in three international cities on the same day. On Friday, May 9th, a new Boeing 737-800 was delivered to MIAT Mongolian Airlines in Seattle, Washington; a new
Embraer and Boeing have signed a Memorandum of Understanding (MoU) for creating a joint biofuels research center for the purpose of developing and maturing the knowledge and technologies that make it possible to establish a sustainable biofuels chain for aviation. The Center shall be installed in the Technological Park of São José dos Campos. The
BOC Aviation announced that Iberia, the Spanish carrier, has taken delivery of all 12 Airbus aircraft, comprising eight new A330-300 and four new A320 aircraft. All 12 aircraft were delivered to Iberia between February 2013 and April 2014.
Air Lease Corporation reported another consecutive quarter of fleet, revenue and profitability growth. Diluted EPS increased 50% to $0.57 per share for the three months ended March 31st, 2014 compared to $0.38 per share for the three months ended March 31, 2013. Revenues increased 28% to $246m, compared to $192m in 2013. Income before taxes
Norwegian has signed agreements to lease three new Boeing 787-9 Dreamliners for its long-haul operation. Two of the aircraft will be delivered in 2016 and one in 2017. This is the brand new, more environmentally friendly and even larger Dreamliner model, which is scheduled to enter commercial service this year. Today, Norwegian has five 787-8
