GE Capital Aviation Services delivered a new leased Boeing 777-300ER aircraft to Ethiopian Airlines. The new aircraft comes from GECAS’ existing order book with Boeing and is part of the airline’s ongoing ambitious fleet expansion plans.
Willis Lease Finance has signed a new engine and APU support contract with AFI KLM E&M. The aircraft engine lease & finance company has added support for GE90 engine series, CFM56-5 series and the maintenance of all types of APU to the previous agreement covering its fleet of CF6-80 and CFM56-7 turbofan engines. The contract
With the placement of the final truss atop the roof this week, the construction of the first building in the Airbus Mobile Assembly Line complex has reached an important milestone. The entire “skeleton” of the building can now be seen. This building is the Final Assembly Line Hangar, which is where A320 family aircraft will
Alaska Air Group reported fourth quarter 2013 GAAP net income of $78m, compared to GAAP net income of $44m in 2012. Excluding mark-to-market fuel hedge gains of $2m ($1m after tax), the company reported record fourth quarter 2013 net income of $77m compared to net income excluding mark-to-market fuel hedge losses of $50m in 2012.
Horizon Air took delivery of the airline’s 51st Q400 turboprop airliner. The aircraft, which is a NextGen model, is the last of three ordered by Horizon Air in June last year, solidifying the airline’s position as the world’s largest operator of Q400 aircraft. Established in 1981, Horizon Air was acquired in 1986 by Alaska Air
Asiana Airlines has selected Airbus’ Flight Hour Services (FHS) to provide components support for its A380 fleet. The FHS agreement, which will run for 10 years, provides an extensive scope of A380 line replaceable units (LRUs), guaranteed spare parts availability through pool access service and on-site stock at customer main base and selected outstations, as
Southwest Airlines posted fourth quarter net income, excluding special items, of $236m compared to fourth quarter 2012 net income, excluding special items, of $65m. This exceeded the First Call consensus estimate of $.29 per diluted share. Fourth quarter net income was $212m which included $24m (net) of unfavorable special items, compared to net income of
United Airlines (UAL) reported full-year 2013 net income of $1.084bn, an increase of 84% year-over-year, excluding $513m of special charges. Including special charges, UAL reported full-year 2013 net income of $571m. UAL generated $38.3bn of revenue in 2013, an increase of 3.0% year-over-year. The company reported fourth quarter 2013 net income of $298m excluding $158m
GA Telesis Component Repair Group Southeast (“GATCRGSE”) has developed a pneumatic aircraft engine starter test facility utilizing state-of-the-art technologies. By introducing a modern dynamometer, digital data acquisition and automation, the new test facility allows for simulation on multiple engine platforms with various load specifications. “Deviating from older practices and applying new innovative inertial simulation technologies
PEMCO World Air Services (PEMCO) announced the redelivery of its first 737-400F Air Incheon aircraft. Redelivered in late 2013, the conversion was completed at PEMCO’s partner and major MRO provider STAECO, based in China. Located at the largest cargo airport in Seoul, Korea, Air Incheon specializes in air cargo transport of heavy equipment for oil
