Boeing Senior Vice President Wanda Denson-Low has announced her plans to retire from the company June 2nd, after serving on the company’s executive council and leading the Office of Internal Governance for the past seven years. Diana L. Sands, vice president, Finance, and corporate controller, has been elected to replace Denson-Low as senior vice president,
Skymark Airlines, Japan’s third largest airline has taken delivery of the first two A330-300s out of a total of ten on lease. Skymark Airlines becomes the first Japanese carrier to operate Airbus’ market leading, A330 wide-body aircraft. Skymark Airlines’ A330s, configured in a very high comfort, all ”Green Seat” cabin with 271 seats, will start
Willis Lease Finance Corporation (WLFC) reported 2013 net income attributable to common shareholders of $15.6m. Fourth quarter net income attributable to common shareholders was $6.6m, fueled by 12.9% growth in lease rent revenue due to improved utilization and a larger lease portfolio, which contributed to 18.9% overall growth in total revenue. At December 31st, 2013,
Aerolíneas Argentinas took delivery of two leased Boeing 737-800s from GECAS, to expand and modernize the carrier’s fleet.
Etihad Airways, the national carrier of the United Arab Emirates, posted record financial results for 2013, with net profit up 48% to US$62m on revenues up 27% to US$6.1bn. The record performance also saw earnings before interest and tax (EBIT) up 22% to US$208m and earnings before interest, tax, depreciation, amortisation and rentals (EBITDAR) up
GE Capital Aviation Services (GECAS) delivered four new leased Boeing 737-800 aircraft to VRG Linhas Aéreas S. A. to expand its fleet. The aircraft were part of a purchase-and-leaseback transaction between the airline and GECAS. The first aircraft delivered in December 2012; two delivered in 2013; and the final delivered late last month. VRG Linhas
Abu Dhabi-based Falcon Aviation Services has signed a Letter of Intent (LOI) to acquire one CS300 aircraft and an option for another. With this LOI, Falcon Aviation Services becomes the first customer for CSeries aircraft in the United Arab Emirates.
REVIMA, a leading landing gear MRO established in the region of Normandy, France, has signed a non-exclusive 10 year overhaul service agreement with EMIRATES. The agreement is an all-inclusive “door to door” arrangement and covers the removal and installation, logistics, engineering support, and landing overhaul services for EMIRATES’s 777-300ER aircraft fleet.
Avpro and Bell Helicopter reached an agreement on Febr. 26th, at HAI Heli Expo, to purchase three new Bell 505X helicopters, including one for its management partner L.J. Aviation of Latrobe, PA. Avpro will manage two of the helicopters, one of which has European specs, and Bell specialist L.J. Aviation of Latrobe, PA will market
Air Lease Corporation reports another consecutive quarter of fleet, revenue and profitability growth. Diluted EPS increased 45% to $0.55 per share for the three months ended December 31, 2013 compared to $0.38 per share for the three months ended December 31, 2012. Diluted EPS increased 41% to $1.80 per share for the year ended December
