Air Transport Services Group reported consolidated financial results for the quarter ended March 31st, 2014. For the first quarter of 2014 revenues were $143.6m, flat with a year ago. Increases in revenues from aircraft leasing and other business activities offset lower revenues from airline operations. Earnings from continuing operations of $6.5m, were lower than earnings
JorAMCo won a new long term maintenance service contract with the Kazakhstan based airline Air Astana, after the first successful collaboration took place last year for three of Air Astana’s Embraer 190s. The three year agreement between the two companies will take place from 2014 to 2016 and covers 15 checks for Embraers 190s, during
Boeing Shanghai Aviation Services (Boeing Shanghai) announced that Jeju Air and Boeing Shanghai have signed a maintenance agreement covering one lease return check and four C-checks for Jeju Air’s Boeing 737-800s. Jeju Air and Boeing Shanghai’s cooperation can be traced back to January 2010. By the end of 2014, Boeing Shanghai will have completed 12
In order to go beyond certification requirements and testing to the extremes the first ever Airbus A350 XWB to visit the United States, MSN (manufacturer’s serial number) 2 has arrived at McKinley Climatic Lab at Eglin Air Force base in northwest Florida. Over the next couple of weeks the aircraft and its various systems and
Firmly committed to the development of services situated in proximity to its operators, Airbus Helicopters has certified the Abidjan maintenance center operated by International Aircraft Services (IAS), the largest civil helicopter operator in Western and Central Africa. Equipped with all the necessary operational resources, the center will service the AS365 and AS350 models from the
Air France Industries KLM Engineering & Maintenance and Garuda Maintenance Facility AeroAsia (GMF), a leading supplier of MRO services in South East Asia, have signed component maintenance contracts enabling AFI KLM E&M to subcontract component repairs to GMF. These contracts were signed as a next step in the co-operation whereby GMF signed two long term
AerCap Holdings reported that its adjusted net income was $79.9m for the first quarter of 2014. Adjusted earnings per share were $0.70 for the first quarter of 2014, an increase of 17% over the first quarter of 2013. The debt to equity ratio was 2.5 to 1 at March 31, 2014, compared with 2.6 to
DS Aviation, the aircraft leasing unit of German financial services company Dr. Peters Group, and UK-based aircraft lessor, marketing and management organisation Skytech-AIC have formed a new joint venture company, DS Skytech Limited, to provide technical management for the combined owned and managed aircraft portfolios of both organisations. The new company is designed to enhance
Sunshine Avionics, a HEICO Aerospace Corporation subsidiary, announcede their recent ANAC repair station certification. ANAC (Agencia Nacional de Aviacao Civil), is the agency responsible for the regulation and the safety oversight of civil aviation in Brazil. This achievement will allow Sunshine Avionics to offer their advanced avionics repair services to the numerous airline and MRO
MTU Aero Engines, the German engine experts will be displaying an original Geared Turbofan (GTF) engine for the very first time, at the 2014 ILA Berlin Air Show. The PurePower PW1500G, the propulsion system for Bombardier’s CSeries aircraft, is made available to MTU on a loan basis by its U.S. partner Pratt & Whtney. The
