AirAsia has signed a Fuel and Carbon Solutions agreement with GE Aviation. As part of this agreement, GE will use proprietary decision software and fuel-consulting expertise to help AirAsia identify and track operational improvements that could reduce the airline’s fuel usage emission. Fuel typically accounts for about 30% of an airline’s expenses. The volatility in
International Lease Finance Corporation (ILFC), released that it had entered into a leasing agreement with China Airlines for three new Boeing 737-800s. These aircraft are scheduled for delivery to China Airlines in the second quarter of 2013. ILFC has recently opened up new offices in Singapore and Beijing in order to support the Asia-Pacific region
Effective immediately, Lufthansa Technik AG can offer customers from the United Arab Emirates (UAE) airworthiness services for the Boeing 747-400 and 747-8 aircraft types as a CAMO (Continuing Airworthiness Management Organisation). Lufthansa Technik received the relevant approval from UAE’s General Civil Aviation Authority (GCAA) for its Hamburg location on July 1, 2012. The background to
Bankers Capital Transportation Leasing Group plans to purchase dozens of Narrow Body and Wide Body TaxiBot Aircraft Towing systems from Israel Aerospace Industries (IAI), to be operated in North America. A letter of intent regarding the $97m deal was signed at the Farnborough International Airshow. Bankers Capital is the launch customer for providing the TaxiBot
Honeywell released that Aerospace sales were up 8% compared with the second quarter of 2011. Organic growth was 7%, or 4% organic excluding the absence of prior year payments to Business and General Aviation customers to offset preproduction costs (OE payments). Aerospace growth was driven by an 18% increase in Commercial end markets, partially offset
AMR Corporation, the parent company of American Airlines, reported second quarter revenue of $6.5bn, an increase of 5.5% year-over-year and the highest quarterly revenue in company history. In the second quarter of 2012, the company reported a net profit of $95m, excluding reorganization and special items – a $381 million improvement over the second quarter
AAR (AIR) reported fourth quarter fiscal 2012 results that were in line with the preliminary results released on June 14, 2012. Fourth quarter sales were $563.3m compared to sales of $487.8m in the fourth quarter of last year. For the Company’s fiscal year 2012, sales were a record $2.1bn, a 14.4% increase versus the prior
Hawker Beechcraft (Hawker Beechcraft) reported that the U.S. Bankruptcy Court for the Southern District of New York has approved the company’s motion to enter into exclusive negotiations with Superior Aviation Beijing Co., (Superior). Approval of this motion allows Hawker Beechcraft to spend up to 45 days exclusively negotiating with Superior regarding a strategic combination that
GE Aviation has upgraded repair warranties for CF6-80C, CF6-80E and CFM International CFM56 engine parts. Warranty hours for GE repaired CF6-80C/80E engine parts have tripled to 6,000 hours and CFM56 warranties have doubled to 4,000 hours. “The enhanced warranty program demonstrates GE’s commitment to lead the engine services market in meeting the cost and technology
MTU Maintenance Hannover has repaired the group’s 3,000th V2500 engine. It was delivered to US aircraft lessor ILFC (International Lease Finance Corp). MTU Maintenance is the market share leader for maintenance, repair and overhaul (MRO) services regarding this engine type. Co-developed by MTU Aero Engines, the V2500 powers the Airbus 320 family of aircraft.
