SAS launched a new comprehensive plan to pave the way for a new, strong and competitive SAS. The plan needs to be fully implemented and new collective agreements must be signed in a very short space of time in order for SAS to have access to necessary funding. This plan will give SAS a fresh
Doric added its 17th Airbus A380, and therefore its 34th aircraft under management, to its portfolio on November 9th. Doric Nimrod Air Finance Alpha Limited (Doric Alpha) took delivery of the third of four Airbus A380s financed with funds raised in the UK and US capital markets. The aircraft was delivered in Hamburg and has
AAR has entered into an agreement with Pratt & Whitney AeroPower to become the exclusive supplier of Auxiliary Power Unit (APU) and Jet Fuel Starter (JFS) parts and accessories for certain aircraft operated by the Japan Ministry of Defense (JMOD). The five-year contract will be managed by AAR’s Defense Systems and Logistics division and is
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
