GE Capital Aviation Services (GECAS) announced delivery of five leased Airbus A320s to National Air Services Company (NAS Holding) to expand its nasair airline’s fleet. nasair operates a fleet of 22 aircraft to 24 domestic and international destinations.
Israel Aerospace Industries announced on August 7th the release of its consolidated financial statements, as of June 30th, 2013. Revenues amounted to US$896m in the second quarter, up 11% compared to the corresponding quarter. Exports accounted for 76% of revenues, compared with 78% in the corresponding quarter. Revenues in the military market accounted for 75%
Finnair seeks clear savings in personnel costs as part of its €60m savings program announced on October 26, 2012. The company has further defined its plans as it prepares to discuss collective labour agreements with its flying personnel, customer service personnel, cargo personnel and technical personnel in the autumn. Especially in connection with the collective
Nordic Aviation Capital confirmed that it has sold two ATR 72-500, MSN 799 & MSN 818 to Air Alsie Express. Nordic Aviation Capital A/S is a global aircraft leasing company dedicated to the worldwide sale, purchasing and financing of commercial jet and turboprop aircraft.
AWAS announced today that it has delivered one 767-300ER widebody passenger aircraft from its existing portfolio on lease to EuroAtlantic Airways, based in Portugal. Founded in 1993, EuroAtlantic airways is a registered non-scheduled international Airline with significant ACMI (aircraft , crew, maintenance, insurance) and charter contracts operating diverse routes in the North Atlantic (USA and
Boeing delivered a Next-Generation 737-800 to Iraqi Airways, the first of 30 that the airline ordered in 2008, marking a milestone in its relationship with the airline. With this delivery, Iraqi Airways currently has 39 Boeing airplanes on order, including 29 Next-Generation 737-800s and 10 787 Dreamliners.
Spirit AeroSystems Holdings, reported second quarter 2013 financial results reflecting continued strong demand for large commercial aircraft, strong mature program operating performance, and the impact of new program charges. Spirit’s second quarter 2013 revenues were $1.521bn, up 13% from $1.341bn for the same period of 2012, driven by higher production volumes and non-production revenues. Operating
DVB Bank SE presented its results for the first six months of 2013. Consolidated net income before taxes for the first half of the year was 6.2% lower than in the previous year (H1 2012: €70.8m). The year-on-year change was due to a non-recurring effect in the first half of 2012: namely, the sale of
Aerosource has signed a five year contract with Bombardier Aerospace’s Component Repair and Overhaul (CR&O) team based in Wichita, KS, covering aftermarket repair and overhaul of Air Driven Generators, Integrated Drive Generators and APU Generators for Bombardier CRJ and Challenger aircraft. The contract, which was signed at Aerosource’s facilities in New Jersey, has been structured
The first production Airbus Military A400M new generation airlifter for the Turkish Air Force (TAF) has made its maiden flight, marking a key milestone towards its delivery. The aircraft, known as MSN9, took off from Seville, Spain, on August 9th. The A400M programme for the TAF is also making good progress at the Airbus Military
