Israel Aerospace Industries reported that sales for Q1 2012 grew by 5% and reached $894m, compared to $855m for Q1 2011. This primarily affects sales in the fields of executive aircraft, engine maintenance and aircraft conversion. Export sales represent 80% of total sales and reached $711million. Sales to the military market represent 76% of total
Taikoo Engine Services (“TEXL”) has completed its first Performance Restoration of a GE90-115B engine for one of its shareholders Cathay Pacific Airways. This is the third Performance Restoration GE90-115B engine that has been completed at the facility with a further two currently work in progress. Since the first engine induction in mid 2010, TEXL has
Boeing marked the 20th delivery of its new 747-8 on May 31st. The airplane, a 747-8 Freighter, was delivered to Atlas Air Worldwide Holdings. Atlas Air will operate it on behalf of Panalpina, the Swiss-based freight operator. The 747-8 Freighter will immediately enter service when it departs Seattle for Hong Kong. Atlas Air has ordered
Norwegian has signed an agreement to lease two additional Boeing 787-8 Dreamliners for its future long-haul operations. The company has previously entered into agreements to purchase three and lease three aircraft of the same type, securing a delivery of a total of eight Dreamliners. The new agreement has been signed with long-time partner ILFC (International
Cargolux took delivery of another Boeing 747-8 Freighter at Boeing’s delivery center in Everett. After a short ferry flight to Seattle-Tacoma International Airport, the fourth aircraft out of a total order of 13 entered into revenue service on the same day with the flight continuing to Los Angeles prior to joining the Cargolux fleet in
Air Lease Corporation (AL) has entered into 12 year long term lease agreements with Air China for 13 new jet aircraft delivering in 2013 and 2014 which consist of nine new Boeing 737-800s and four new Airbus A321-200s. This is one of ALC’s largest lease placements and validates ALC’s strong airline market presence in Asia.
SkyWest reported that it entered into an agreement on May 23rd, to sell its 26% ownership (20% common and 6% preferred) in the Brazilian airline Trip Linhas Aereas S.A. (“TRIP”) for a price of US$42m. SkyWest has agreed to sell its TRIP shares to Trip Investimentos Ltda., a Brazilian limited liability company affiliated with TRIP.
GE Capital Aviation Services Limited (GECAS) announced delivery of three new Airbus A320 aircraft to Airphil Express in March, April and May to help the carrier expand its fleet. All three aircraft are part of GECAS’ existing order book with Airbus. The airline carried 4 million passengers in 2011, recording a year-on-year increase of 122%.
Bingo Airways, a new Polish charter airline, has started flight operations with its first Airbus A320 aircraft. The fleet will grow to three aircraft by the end of 2012. The new A320s, powered by IAE V2500 engines, are configured in an all economy 180 seat configuration. The airlines’ network is focused on flights to the Mediterranean
Malaysia Airlines (MAS) has taken delivery of its first A380, becoming the eighth operator of the largest and most eco-efficient airliner. The aircraft was handed over to MAS Group Chief Executive Officer Ahmad Jauhari Yahya by Airbus Chief Operating Officer Fabrice Brégier in Toulouse on May 29th. Malaysia Airlines has ordered six A380s. Powered by
