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
The China Aviation Industry General Aircraft Co. (CAIGA) selected GE Aviation’s new H85 turboprop engine to power CAIGA’s Primus 150 aircraft, which will be a five-seat business aircraft. This is the first application for the H85 turboprop engine, which is awaiting certification from the European Aviation Safety Agency (EASA). CAIGA and GE have also signed
Qatar Airways celebrated the delivery of the airline’s first Boeing 787 Dreamliner on November 13th. The airplane, the first of 30 787s ordered by the Doha-based airline, is also the first to be delivered to an airline in the Middle East.
AeroCentury, an independent aircraft leasing company, reported its operating results for the third quarter ended September 30, 2012. The Company reported net income of $1.1m for the third quarter of 2012, compared to a net loss of $0.2m for the third quarter of 2011. The Company reported net income of $3.4m for the nine months
TP Aerospace Leasing has been chosen by Polish airline Eurolot to provide a long-term Q400 Wheels Flat Rate (WFR) Program; a cost-per-landing type program in support of its confirmed fleet of 20ea Bombardier Q400 aircraft. Eurolot will enjoy a tailor made, full-service and all-inclusive wheel maintenance and logistics program. The Program is governed by a
International Lease Finance Corporation (ILFC) announced delivery of a Boeing 737-800 to China United Airlines, a subsidiary of China Eastern Airlines Corporation. This aircraft will expand the airline’s current fleet of B737-800s.
Afriqiyah Airways has increased its A350 XWB fleet with a new firm order for four A350-900s. The carrier has also converted its original order for six A350-800s into six of the larger A350-900 model. This brings Afriqiyah’s total A350 XWBs on order to ten A350-900s.
For the 3rd quarter 2012 SAS Group posted revenues of MSEK 11,096 compared to MSEK 10,616 in the 3rd quarter 2011. The number of passengers increased by 315,000 (4.5%), passenger revenue adjusted for currency and nonrecurring items increased by 9.4%, income before tax and non-recurring items amounted to MSEK 607 compared to MSEK 298 in
