Alcoa Fastening Systems (AFS), a unit of Alcoa (AA), signed a strategic technology and commercial cooperation agreement with Commercial Aircraft of China (COMAC). This agreement deepens Alcoa’s existing partnership with COMAC, the main manufacturer of large passenger aircraft programs in China, and reinforces Alcoa’s presence in one of the world’s fastest growing aerospace markets. AFS
Corendon Airlines (Turkey) and ALC signed a 5 year lease agreement for one Boeing 737-800 (MSN 32920) aircraft, delivering in February 2013. Corendon Airlines is a regional carrier operating 30 routes out of Antalya Airport, Turkey. Corendon has experienced significant annual passenger growth since the airline’s inception in 2005.
Lufthansa Technik AG intends an extensive reorganization of its administrative structures and processes. The planned changes are part of the Lufthansa Group’s program for the future, SCORE. “We have already implemented many innovations in production and optimized processes there, and now we intend similar improvements in administration,” said August Wilhelm Henningsen, Chairman of the Executive
FL Technics, a global provider of integrated aircraft maintenance, repair and overhaul services, is extending its cooperation with the Polish carrier Enter Air, by signing a three-year PBH-support agreement for the carrier’s Boeing 737 NG fleet. According to the newly signed agreement FL Technics will provide Power-by-the-hour (PBH) component support for the carrier’s four Boeing
Hawker Beechcraft released that the key creditors, voting in the company’s solicitation process, have overwhelmingly approved its proposed Joint Plan of Reorganization (Plan). The company also announced that J.P. Morgan Securities LLC and Credit Suisse Securities (USA) LLC have agreed to act as joint lead arrangers and joint bookrunners to structure, arrange and syndicate $600m
MNG Technic & Russian carrier Oren Air signed Base Maintenance Services Agreement for four Boeing 737-800 aircrafts. C-Checks will be carried out at MNG Technic’s facilities in Istanbul Ataturk Airport, Turkey.
Crane Aerospace & Electronics has been selected by Snecma to provide the Fuel Flow Transmitters for the Snecma Silvercrest engine program. Crane’s fuel flow transmitters measure fuel flow rate in mass, not volume, for exceptionally high accuracy. The Snecma Silvercrest engine is being developed for large and long-range business jets. Entry into service is planned
Air Transport Services Group, Inc. (NASDAQ:ATSG) announced today that its airline subsidiaries are deploying four additional freighter aircraft in January to support the U.S. portion of DHL’s international network. The additions include three Boeing 767-200 freighters operated by subsidiary ABX Air under terms of its continuing CMI agreement with DHL, and a Boeing 757-200 freighter
Alaska Air Groupreported fourth quarter 2012 GAAP net income of $44m, compared to GAAP net income of $64m in 2011. Excluding mark-to-market fuel hedge losses of $10m ($6m after tax), the company reported record fourth quarter 2012 net income of $50m, compared to net income excluding mark-to-market fuel hedge gains of $37m in 2011. The
Southwest Airlines reported its fourth quarter and full year 2012 results. Fourth quarter 2012 net income was $78m which included $13 million (net) of favorable special items. This compared to net income of $152m in fourth quarter 2011, which included $86m (net) of favorable special items. Excluding special items, fourth quarter 2012 net income was
