AAR reported that the U.S. Marshals Service has signed a purchase commitment for two Boeing 737-400 aircraft for delivery in September. In addition to sourcing the aircraft, AAR will provide airframe and landing gear overhaul, aircraft painting and interior reconfiguration. AAR recently delivered two similar aircraft to the Colombian Air Force as part of a
Boeing reported that second-quarter core earnings per share (non-GAAP) increased 13% to $1.67, driven by strong performance across the company’s businesses. Second-quarter core operating earnings (non-GAAP) also increased 13% to $2.0bn from the same period of the prior year. Second-quarter revenue was $21.8bn, GAAP earnings from operations was $1.7bn and earnings per share was $1.41.
Delta’s net profit for the June 2013 quarter was $844m, excluding special items. This result is a record June quarter profit excluding special items and is a $258m improvement year-over-year. Including $159m in special items, Delta’s GAAP net income was $685m. The company announced a balanced capital deployment plan, targeted at creating up to $5bn
BAE Systems Regional Aircraft is now offering brake maintenance support for the Jetstream 41 regional turboprop airliner and has secured its first customer for this new service from Sky Express of Greece. In co-operation with Meggitt Aircraft Braking Systems of Coventry – the Original Equipment Manufacturer – BAE Systems is now able to offer a
BOC Aviation has signed an operating lease agreement with KLM subsidiary KLM Cityhopper for six Embraer E190 aircraft as part of the KLM Group’s programme to replace KLM Cityhopper’s fleet of Fokker 70 aircraft. The E190 aircraft will be delivered between November 2013 and April 2014.
Etihad Airways has signed an agreement with IAE International Aero Engines AG to upgrade the airline’s current and future fleet of 35 V2500 engine-powered Airbus A320 family of aircraft to the V2500 SelectTwo engine standard. The United Arab Emirates flag carrier will purchase 73 V2500 SelectTwo engine upgrade kits, which also makes provision for spare
Alenia Aermacchi delivered the first ATR72-600 TMUA (Turkish Maritime Utility Aircraft) to the Turkish Navy, the first of a total order of eight ATR72s, which consist of two TMUAs and six ATR72-600 TMPA (Turkish Maritime Patrol Aircraft) maritime patrol and anti-submarine warfare aircraft. Compared to the ATR72-600 basic platform, the two ATR72 TMUA, modified at
Frontier Airlines recently added its newest aircraft to its fleet, an Airbus A320 with sharklets. The sharklets, which are eight foot tall wingtip devices, help save fuel and enhance the overall efficiency of the aircraft. The sharklets are expected to save up to four percent, or up to $400,000 per year in fuel burn by
GE Aviation has named TAG Farnborough Engineering as an authorized service center for GE’s CF34-3 engines that power the Bombardier Challenger series. Under this agreement, TAG Farnborough Engineering can perform engine line maintenance, as well as provide OnPoint solution agreement and warranty support and facilitate access to both GE parts and technical support. TAG Farnborough
MTU Aero Engines increased its revenues by 19 % to €1,852.2m in the first six months of 2013 (1-6/2012: €1,559.0m). Operating profit for the period came to €171.7m (1-6/2012: €175.8m), which corresponds to an EBIT margin of 9.3 % (1-6/2012: 11.3 %). The group’s net income amounted to €105.1m, compared with €109.7m in the first
