Boeing employees last week rolled out the first 787 Dreamliner built at the new rate of five-airplanes-per-month. The airplane is the 83rd 787 to be built. Boeing earlier this year increased the rate from 2.5 to 3.5 airplanes per month and is on track to achieve a planned 10-per-month rate by late 2013. The program
Tanzanian carrier Precision Air Services has taken delivery of the first ATR 42-600 to go into scheduled commercial service. It is also the airline’s first brand new -600 series aircraft out of 5 (4 ATR 42-600s and 1 ATR 72-600) ordered in December 2011. The introduction of these new series airplanes will increase its ATR
International Consolidated Airlines Group (IAG) presented Group consolidated results for the nine months ended September 30, 2012. The Group reported third quarter operating profit of €270m, before exceptional items, €301m excluding bmi (2011: operating profit €363m, before exceptional items). Passenger unit revenue was up 9.1% for the quarter, flat at constant currency. Fuel unit cost
Air Transport Services Group reported financial results as for the third quarter of 2012. Pre-tax third-quarter earnings for Cargo Aircraft Management (CAM) were $17.3m, up 7% from the year-earlier period. Revenues increased 6% to $39.2m. At the end of September, CAM owned 53 aircraft in service condition, including 21 leased to external customers and 32
FLY Leasing, a leading global lessor of modern commercial jet aircraft, has closed a new $250m warehouse facility to support its ongoing acquisition of aircraft. The facility has a two-year draw down period followed by a three-year term period, maturing in November 2017. Deutsche Bank AG, Citigroup Global Markets, Morgan Stanley Senior Funding, Inc., RBC
Eurocopter and Starlite Aviation Group have signed a contract for the acquisition of two AS332 C1e helicopters, the latest version of the popular Eurocopter Super Puma medium weight helicopter. The contract also includes an option for two additional aircraft. First deliveries will take place before the end of 2013, following EASA and FAA certification. The
Dublin based aircraft lessor, AWAS, reported that Aeroflot, the flag carrier of Russia, has agreed to lease 5 new A320s from AWAS’ new order pipeline. This deal is consistent with Aeroflot plans to increase its fleet by 2014. The emphasis on brand new aircraft allows Aeroflot to maintain the highest quality of service to its
BOC Aviation’s fleet size hit 200 aircraft for the first time following the delivery of a new Boeing 737-800 aircraft from the manufacturer’s facility in Seattle, on November 8th. The aircraft has been leased to Jet Airways. The portfolio of 200 aircraft, comprising 176 owned and 24 managed aircraft, are on lease to 55 airlines
TransAsia Airways of Taiwan has placed a firm order with Airbus for another six A321neo aircraft. The new aircraft will be part of the airline’s fleet expansion and will allow it to develop new routes to regional destinations. The aircraft will be powered by Pratt and Whitney PW1100G engines. The latest contract takes TransAsia Airways’
AAR has sourced and is modifying two Boeing 737-400 aircraft for Colombia’s Air Force, Fuerza Aerea Colombiana (FAC). The program is expected to generate approximately $31m in the second half of the Company’s current fiscal year. The program demonstrates AAR’s wide range of capabilities, which the Company combines to create custom-tailored solutions for its commercial
