Following the expansion of its Scope of Work with the Airbus A380 in 2012, Direct Maintenance has commenced offering Boeing B747-8 line maintenance support. The inaugural event took place at Amsterdam Schiphol Airport on the occasion of launch customer Cathay Pacific Cargo deploying its first B747-8F freighter service into Europe. Cathay Pacific Cargo is the
China Aviation Supplies Holding Company (CAS) has signed a General Terms Agreement (GTA) with Airbus for the purchase of 60 Airbus aircraft, which includes 42 A320 Family aircraft and 18 A330 aircraft. The GTA was signed at the Great Hall of the People in Beijing by Li Hai, President and CEO of CAS and Fabrice
FLY Leasing, a global lessor of modern commercial jet aircraft, has acquired a 2013 manufactured Boeing 737-800 aircraft on a 12-year lease to a leading low-cost carrier in Asia. The acquisition was funded with a combination of FLY’s unrestricted cash and the $250m aircraft acquisition facility that was closed in November 2012.
Alaska Air Group reported first quarter 2013 GAAP net income of $37m, compared to $41m in 2012. Excluding the impact of mark-to-market fuel hedge adjustments of $12m ($7m after tax), the company reported record first quarter 2013 net income of $44m, compared to net income excluding mark-to-market fuel hedge adjustments of $28m in 2012.
United Airlines reported a first-quarter 2013 net loss of $325m, excluding $92m of special charges. Including special charges, UAL reported a first-quarter 2013 net loss of $417m. For the first quarter of 2013, total revenue was $8.7bn, an increase of 1.4% year-over-year. First-quarter consolidated passenger revenue increased 0.7% to $7.6bn, compared to the same period
Southwest Airlines posted its first quarter 2013 results. First quarter 2013 net income was $59m, which included $6m (net) of favorable special items. This compared to net income of $98m, in first quarter 2012, which included $116m (net) of favorable special items. Excluding special items, first quarter 2013 net income was $53m, compared to a
Air Lease Corporation announced a long term lease agreement with KLM for a new Boeing 777-300ER aircraft, which is scheduled for delivery in March 2015. Additionally, ALC and KLM reached agreement on lease extensions for three 737-800s and one 777-200ER, currently operating in the KLM fleet.
MTU Aero Engines Holding AG started the financial year 2013 with a 35% surge in revenues, which amounted to €944.7m in the first quarter 2013, compared with €698.0m in the first quarter 2012. The group generated an operating profit of €89.3m (1-3/12: €91.4m), which corresponds to an EBIT margin of 9.5%. Earnings after tax amounted
Monarch Aircraft Engineering (MAEL) has completed a cabin reconfiguration modification for the Greek airline, Astra Airways. Under the terms of the agreement Monarch’s Part 21J Design Organisation Approval, Monarch Design Services provided a modification which was successfully embodied on their Airbus A320 aircraft.
Messier-Bugatti-Dowty (Safran), inaugurated the company’s new landing gear production facility at its plant in Mirabel, near Montréal. The inauguration represents the culmination of more than a year of construction, and total investments of C$58m. The company has received significant support from the Quebec government for its expansion and modernization program, through the Quebec Ministry of
