Finnair is started employee consultations with its personnel. The consultations concern employees working in administrative and support functions as well as cabin attendants. The measures are part of the savings program started in 2011, which aims at breaking Finnair’s loss-making cycle. The company still hopes that by achieving cost reductions in ongoing negotiations the redundancies
BOC Aviation achieved a record net profit after tax in 2013, marking an unbroken run of 20 years of profitability since it was founded in November 1993. For the financial year ended 31st December 2013, the Company earned US$277m in net profit after tax, 23% higher than the previous year. Total assets were US$10.2bn, rising
MidairUSA signed an aircraft maintenance agreement with Aircastle Advisor, which included the first in a series of lease return MRO services and a heavy C check. For over a decade Midair exclusively provided support for Transaero Airlines, Russia’s second largest carrier. The Rome, New York/Melbourne, Florida based operations have successfully maintained services for Transaero aircraft,
Japan Airlines (JAL) has selected Panasonic Avionics for a major expansion of in-flight Wi-Fi for its international fleet which includes Boeing 787s, Boeing 777-200ERs and Boeing 767-300ERs. The commitment comes after a successful introduction of Panasonic’s broadband Wi-Fi service on 13 of Japan Airlines’ 777s that have been flying international routes since July 2012. The
Airbus Group successfully priced a new 10-year bond offering denominated in euros on March 25th, 2014. This €1bn transaction is the first bond issue for the newly rebranded “Airbus Group” and marks the return of the company to the euro debt capital markets after almost five years. The offering was very well received by the
GE Aviation will break ground this year on a new $100m jet engine assembly facility in Lafayette, Indiana. It becomes the seventh new GE Aviation facility in the U.S. in the past seven years – joining sites in Batesville, MS; Auburn, AL; Greenville, SC; Dayton, Ohio; Ellisville, MS; and Asheville, NC. These facilities support more
GE Capital Aviation Services (GECAS) will lease five new Boeing 737-800 aircraft to Hainan Airlines to help expand the carrier’s fleet. The aircraft, scheduled for delivery in 2015, come from GECAS’ existing order book with Boeing. Hainan Airlines is a longstanding GECAS customer and is the largest private airline in the People’s Republic of China.
HAITEC Aircraft Maintenance will invest around €30m at Hahn Airport, Germany, within the next two years,” explains Michael Bock, CEO and Managing Director of HAITEC Aircraft Maintenance GmbH. This amount includes the purchase of the existing hangar 900, the construction of a larger hangar with more than 12,000 m² including offices and shops – ready
Best Fly Maintenance will open a new part 145 Line Station at Luanda International Airport in the fourth quarter of 2014 to offer high quality maintenance services. The new station will offer line maintenance tasks, scheduled and unscheduled maintenance checks for Gulfstream G450/550, Falcon 900, Falcon 7x or Beechcraft King Air family aircraft types. Overall,
Aeronautical Engineers reported that Vx Capital Partners has ordered their second AEI B737-400SF passenger to freighter conversion. The aircraft is a high gross weight 737-400 (MSN 28490) built in 1996 and will be converted at Airod Aerospace’s Kuala Lumpur facility, which is one of five authorized AEI Conversion Centers worldwide. This order will bring Vx
