The first ATR 72-600 aircraft was handed over to Myanmar’s domestic carrier Air KBZ. The Danish finance and leasing company Nordic Aviation Capital (NAC) is providing financing for the transaction. NAC has also entered into an agreement with Air KBZ for a second ATR 72-600 aircraft to be delivered in June this year. Air KBZ
Oneworld welcomed Kuala Lumpur-based Malaysia Airlines into the oneworld alliance, strengthening the alliance’s connectivity between key business cities in Asia and other parts of the world. With the addition of Malaysia Airlines, oneworld will significantly expand its route network and its ability to offer more services and benefits to customers. Malaysia Airlines, which serves more
Sabre Travel Network, a global technology company serving travel agencies and suppliers, has signed a multi-year agreement with Norwegian to sell its fares, schedules and inventory to Sabre-connected travel agencies. As part of the agreement, travel agents will be able to shop for and book tickets that include ancillary services offered by the carrier, including
B/E Aerospace reported that fourth quarter 2012 commercial aircraft segment (CAS) revenues increased 13.9% while operating earnings of $68.6m increased 17.9% as compared with the prior year period, and operating margin of 17.2% expanded 60 basis points, due to operating leverage at the higher revenue level and ongoing operational efficiency initiatives. For the year ended
Pratt & Whitney Singapore Manufacturing broke ground on a new facility at the Seletar Aerospace Park. This new production facility will manufacture fan blades and high pressure turbine disks for Pratt & Whitney’s PurePower Geared Turbofan engines. This new 180,000 ft² facility will border Pratt & Whitney’s existing flagship facility at Seletar – Pratt &
SIAEC Group recorded a profit attributable to owners of the parent of $137.2m for the first half ended 30 September 2012, a decrease of $2.1m or 1.5%. Profit in the same period last year included a write-back of tax provision of $3.1m. Share of profits from associated and joint venture companies increased $1.1mi or 1.4%
Hawker Pacific Aerospace, a Lufthansa Technik landing gear service location in California, USA, has built up landing gear overhaul capability for the Embraer E-Jet family of aircraft to cover the North and South American E170/175 and E190/195 customers. Such capability will also be established at Lufthansa Technik’s landing gear workshop in Hamburg over the next
ATR and the Austrian carrier InterSky have signed a Global Maintenance Agreement (GMA) for a period of 5 years. The agreement covers the supply of spare parts and maintenance services for the 2 brand new ATR 72-600s of the airline. The very first ATR -600 was delivered to the airline earlier this month, with the
India’s GoAir, ‘The Fly Smart Airline”, wholly owned by the Wadia Group, has taken delivery of its first Sharklet equipped A320 aircraft financed by ACG (Aviation Capital Group) under a sale and leaseback arrangement which will see the aircraft added to ACG’s growing portfolio of Airbus A320 family aircraft. The aircraft is part of an
Boeing Commercial Airplanes fourth-quarter revenue increased to $14.2bn and full-year revenue increased to a record $49.1bn on higher delivery volume. Fourth-quarter operating margin was 8.9% and full-year operating margin was 9.6%, both reflecting the dilutive impact of 787 and 747-8 deliveries and higher period costs partially offset by the higher volume and lower R&D. During
