DVB Group released that consolidated net income before IAS 39 and taxes rose to €125.6m – a 7.8% year-on-year increase. Once again, the volatile net result from financial instruments in accordance with IAS 39 weighed on income before taxes which – as a result – declined by 2.0%, to €104.3m. Total income (comprising net interest
China’s Spring Airlines signed an agreement with CFM International for CFM56-5B engines to power two new Airbus A320 aircraft. The engine order is valued at US$40m at list price and the airline is scheduled to take delivery of the first aircraft in January 2014 and the second aircraft in July 2014. Shanghai-based Spring Airlines, established
Volartec welcomed AAL-SA (Advanced Aviation Logistics South Africa) as the latest customer to join the Alkym community. They become the first African based Helicopter operator to join the fold. The rotary wing interest in Alkym has grown steadily over the past 12 months with this agreement being the culmination of many months work. AAL-SA will
Embraer Executive Jets presented its business aviation market outlook at the 9th China International Aviation & Aerospace Exhibition (Airshow China 2012) in Zhuhai, Guangdong Province. The forecast predicts a total demand for 650 business aircraft by the year 2022, with a total value of US$24bn, representing 9% of the world deliveries’ value. The company’s in-depth
Further to the definitive agreement signed on March 21, 2012, covering program commonalities between the C919 and CSeries aircraft, Commercial Aircraft Corporation of China (COMAC) and Bombardier announced the successful completion of the Phase I of the agreement, and the launch of the second phase. As part of the first phase of COMAC and Bombardier’s
Mexican low-cost carrier and all-Airbus operator Interjet signed a purchase agreement for 40 A320neo aircraft. Interjet will announce the aircraft’s engine selection at a later date. The A320neo has over 95% airframe commonality making it an easy fit for Interjet’s fleet of 36 A320s. Later this month, Interjet will receive an additional A320 aircraft. In
GA Innovation China (“GAIC”), the newly formed joint venture between GA Telesis and Air China, has signed a MOU with Apollo Aviation Management Limited for the consignment of two next generation Boeing 737-700s. The two aircraft will be delivered in 2013 and GAIC has the intention to disassemble the aircraft at AMECO in Beijing. The
LATAM Airlines Group reported net income of US$21.3m in the third quarter 2012, excluding a one-time accounting charge of US$70.4m related to the publication of the law increasing the Chilean corporate income tax rate from 17% to 20%. This figure also excludes US$19.5m of transaction-related expenses resulting from the business combination between LAN and TAM
Boeing and Aviation Industry Corporation of China (AVIC) announced they will work together to expand AVIC capabilities to include interior commodities such as passenger seats, galleys, lavatories and in-flight entertainment systems for commercial airplanes. Geng Ruguang, executive vice president of AVIC, and Stan Deal, vice president and general manager of Boeing Commercial Airplanes Supply Chain
Parker Aerospace and GE Aviation announced that they have reached an agreement to form a joint venture, Advanced Atomization Technologies, LLC, to enhance the development and manufacture of commercial aircraft engine fuel nozzles. This represents a critical addition to the comprehensive GE fuel management team. The 50-50 joint venture – created specifically to produce fuel
