CFM International received orders and commitments for a total of 2,148 engines in 2019 at a value of more than US$30.7 billion, at list price, including 180 CFM56 engines (commercial, military and spares) and 1,968 LEAP engines (including spares). Since the first LEAP engine orders in 2011, CFM has garnered more than 19,010 total installed
Spirit’s fourth quarter 2019 revenue was US$2.0 billion, up from the same period of 2018. This increase was primarily driven by higher production volumes on the Boeing 737, 787 and Airbus A350 programs, higher revenue recognized on the Boeing 787 program, and increased Global Customer Support and Services (GCS&S) activity, partially offset by lower revenue
Following elevated U.S. State Department travel guidance, Delta is temporarily suspending its daily flight between New York – John F. Kennedy International Airport (JFK) and Milan Malpensa Airport (MXP). Delta’s last east-bound flight from JFK to Milan will depart on Monday, March 2, and the last west-bound flight from Milan to JFK will depart on Tuesday, March
Fly Leasing (FLY) is reporting net income of US$75.2 million for the fourth quarter of 2019. This compares to net income of US$31.0 million for the same period in 2018. Net income for the year ended December 31, 2019 was US$225.9 million, compared to net income of US$85.7 million for the year ended December 31,
In order to counteract the economic impact of the coronavirus at an early stage, Lufthansa is implementing several measures to lower costs: among other things, all new hires planned for the airline will be reassessed, suspended or deferred to a later date. Lufthansa is also offering employees unpaid leave effective immediately. An expansion of part-time
Fourth-quarter consolidated GAAP sales were down US$4.5 million, reflecting a US$10.3 million decline related to the divestiture of the semiconductor business. The Acquired Businesses contributed US$9.9 million in sales. As a result of the increase in the legal reserve and the impairment and restructuring charges associated with the antenna business, consolidated operating loss was US$36.9
Specialist aircraft component support provider Bii.aero has purchased a B737-800 airframe for teardown. The twenty-year-old aircraft (MSN 28381) was previously owned by lessor Aircastle and operated by Indonesian carrier, Sriwijaya. This aircraft is the first asset acquired by Bii in a pro-active program that will see the company use in-house expertise and market valuations to
Moscow Domodedovo Airport welcomed 2.1 million passengers in January, a 13% year-over-year increase. Domestic passenger traffic reached 1.3 million passengers, up 13% year-to-year. International traffic rose 14% in January to 826,000 travellers compared to the same period last year. Antalya, Doha, Istanbul, Minsk and Verona were key growth drivers. The airport served 164,000 travellers on
With winds up to 90 mph and a month’s rainfall in a 48-hour period, conditions at Heathrow Airport were already precarious for the half-term holiday weekend with the cancelation of hundreds of flights when, on Sunday, the airport was hit with a major system failure for check-ins and provision of flight information which caused further
Airbus’ net commercial aircraft orders increased to 768 aircraft (2018: 747 aircraft), including 32 A350 XWBs, 89 A330s and 63 A220s. At the end of 2019, the order backlog reached 7,482 commercial aircraft. Airbus Helicopters achieved a book-to-bill ratio by value above 1 in a difficult market, recording 310 net orders in the year (2018:
