Fly Leasing (FLY) is reporting a net loss of US$8.1 million for the third quarter of 2020. This compares to net income of US$51.7 million for the same period in 2019. The decrease in net income is primarily due to the non-recognition of revenue for certain lessees and no aircraft sales in the current quarter.
The next step forward at Pittsburgh International Airport (PIT) will lead the airport industry into the future from inside the Airside Terminal. PIT’s latest transformative venture is the xBridge, a 10,000-ft² innovation center custom-built to nurture the evolution of the industry and inspire creative solutions to aviation’s many challenges. “The xBridge is a physical manifestation of the innovative mentality we’ve been cultivating here
To ensure visibility and control over mission-critical business processes such as manufacturing and maintenance, repair, and overhaul (MRO), international defense manufacturer and service provider Marshall Aerospace and Defence Group turned to global enterprise applications company IFS for a comprehensive enterprise applications platform. Having embarked on a group-wide initiative to increase agility, competitiveness, and profitability, the
With the opening of Berlin Brandenburg Airport (BER) on October 31, 2020, AeroGround Berlin GmbH, a subsidiary of AeroGround Flughafen München GmbH, commenced ground handling services at the new location. By gaining the Lufthansa Group and Eurowings as new clients at the capital city airport, AeroGround has significantly expanded its market position. AeroGround Berlin has
Moscow Domodedovo Airport has successfully met the requirements of the IATA Safety Audit for Ground Operations program (ISAGO), renewing its certificate. For the latest certification, the ISAGO team assessed Domodedovo Airport in the categories of organization and management, load control, passenger and baggage handling, aircraft handling and loading, aircraft ground movement, cargo and mail handling.
AerCap has announced the delivery of a new Airbus A321-200neo aircraft, powered by Pratt and Whitney engines, to Chengdu-based Sichuan Airlines. The aircraft is on a long-term operating lease from AerCap’s order book with Airbus. Sichuan Airlines’ Chairman Li Haiying said, “This delivery clearly demonstrates the strong relationship between our two companies, and I would
FL Technics Engine Services has received Part-145 approval from the Transport Competency Agency of Republic of Lithuania (TCA) approved by the European Union Aviation Safety Agency (EASA) for its engine MRO quick turn activities. The new facility will provide airlines, lessors and asset management organizations with high quality tailor-made solutions for aircraft engine life cycle’s
Virgin Galactic has appointed two new pilots into its Pilot Corps, bringing the total number of pilots to eight. Jameel Janjua and Patrick Moran will be based at Spaceport America, New Mexico, and join the Virgin Galactic team as preparations for commercial service continue. Both will embark on an extensive training program before flying SpaceShipTwo.
International Airlines Group (IAG) has reported its preliminary results for the third quarter of 2020 and capacity outlook for the fourth quarter. Total revenue declined by 83% to €1.2 billion compared to €7.3 billion last year. Operating result before exceptional items was a €1.3 billion loss compared to a €1.4 billion profit last year.Passenger capacity
Austrian Airlines has commenced the first trials for using rapid Covid-19 antigen tests in close cooperation with Vienna Airport. In the initial phase, all passengers on flight OS 229 to Berlin will have the opportunity to take such a rapid test prior to departure in the period October 23 – November 8, 2020, initially. The
