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
Gogo, a leading communications service provider to the global aviation industry, received an STC from the FAA and certification from the Japanese Civil Aviation Bureau (JCAB) – the aviation authority in Japan – to install its Ku-satellite based connectivity service on Japan Airlines’ 777-300 aircraft. The 777-300 is the second aircraft type in JAL’s fleet
Hawaiian Airlines and Lufthansa Technik AG have recently signed a contract for engine wash services. The cooperation comprises engine wash services for Hawaiian’s Airbus A330 Fleet with Rolls-Royce Trent 700 engines at Los Angeles (LAX) and San Francisco (SFO). The engine cleaning frees the engines, in particular the fan and compressor blades, from dirt such
FLY is reporting net income for the first quarter of 2014 of $3.6m, this compares to net income of $32.8m for the same period in 2013. First quarter 2013 results benefitted from $30.6m of end of lease income and $6.5m in gains from aircraft sales. First quarter 2014 results were impacted by increases in interest
Etihad Airways, the national airline of the United Arab Emirates, and Mubadala Development Company (Mubadala), entered into an agreement in which Etihad Airways will acquire Abu Dhabi Aircraft Technologies LLC (ADAT) from Mubadala. The deal will see Mubadala retain ADAT’s engine focussed maintenance, repair and overhaul (MRO) business, which will be the catalyst for the
