Southwest Airlines reported that third quarter 2012 net income was $16m, which included $81m (net) of unfavorable special items. This compared to a net loss of $140m in third quarter 2011, which included unfavorable special items totaling $262m (net). Excluding special items, third quarter 2012 net income was $97m, compared to $122m in third quarter
Two global leaders in the aviation industry, AERGO Capital and PEMCO World Air Services, have joined forces on a major program to provide fully converted cargo aircraft for markets around the world utilizing PEMCO’s market leading, Boeing-data based B737 products. AERGO’s capital structure, ability to source and finance aircraft, and asset management expertise coupled with
TAME, Ecuador’s flag carrier, has extended its contract with Barfield, a Sabena technics company, for the support of two additional Airbus A319. This new agreement is an extension of the 6-year contract between TAME and Barfield for the full support of its six A320 family aircraft. Within the scope of this contract, Barfield will increase
Macquarie AirFinance, a global aircraft leasing company based in Dublin, Ireland, has finalised contracts with Tyrolean Airways for the lease of five A320-200s and for the acquisition of three of Tyrolean’s 737-800s. Macquarie AirFinance is well advanced in the process of placing the 737-800s with new customers for delivery in spring 2013.
AAR has signed a Letter of Intent (LOI) with Air Canada to provide airframe maintenance services for the airline’s Airbus A320 series aircraft. The LOI calls for AAR to perform regularly scheduled airframe maintenance and modifications that will enable Air Canada to efficiently maintain its approximately 89 Airbus narrow-body aircraft. AAR and Air Canada are
Flight Director Inc. (FDI), a global aviation supply chain company, has chosen Quantum Control to manage supply chain parts and service needs for its military, commercial and engine divisions. FDI maintains an extensive $30m+ inventory in its Austin, Texas facility and annually delivers more than $45m of new and recertified aircraft equipment to flight operators,
BOC Aviation has signed agreements for the lease of three new A320-200 aircraft to China Southern Airlines. All three aircraft, to be equipped with IAE V2527-A5 SelectOne engines, are scheduled to be delivered in the first half of 2014.
EasyJet signed an agreement with Lufthansa Technik for engine water wash service for the CFM56 engines of their Airbus A319 / A320 fleet. This cooperation – covering a contract period of five years, providing more than 800 washes a year at all European night stop stations – is further expanding their support and partnership. Cyclean
Thales released that Atlantic Airways has selected the package of Thales Avionics equipment and cockpit technologies for installation on its Airbus A319. The selected equipment consists of Alternate Supplier Furnished Equipment (SFE) and Buyer Furnished Equipment (BFE) for which FLI chose Thales against other vendors. Under the terms of this selection, Thales has equipped Atlantic
ARINC Incorporated announced that it had entered into a definitive agreement to sell its Defense Systems Engineering & Support (DSES) Division to Booz Allen Hamilton. The sale is expected to close later this fall, subject to customary closing conditions. Following the closing, ARINC will continue to focus on growing its market leading commercial businesses. This
