IAG presents Group consolidated results for nine months to September 30, 2016

International Consolidated Airlines Group (IAG) presented Group consolidated results for the nine months to September 30, 2016. IAG reported third quarter operating profit of €1,205m before exceptional items, (2015: operating profit of €1,250m). Net foreign exchange operating profit impact for the quarter adverse €162m, Passenger unit revenue for the quarter was down 13.7% and at […]

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Qantas to update iconic Kangaroo logo

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Qantas has revealed an update to its iconic Kangaroo logo as part of preparation for the Boeing 787 Dreamliner entering its fleet a year from now. The change is only the fifth time the red-and-white image on the tail of Qantas aircraft has been updated since it was first introduced in 1944. The last update

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Leonardo-Finmeccanica signs contract with Airbus for new A321 fuselage

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Leonardo-Finmeccanica and Airbus have agreed to the commercial conditions regarding the production of the front fuselage, section 14A, for the new ACF (aircraft cabin flex) configuration of Airbus A321 aircraft. Starting in 2018 at its Nola site (near Naples), Leonardo will produce the aero-structure of this new configuration of Airbus A321, the twin-engine single-aisle aircraft

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ATR launches integrated cadet pilot program with ENAC

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ATR has launched a pilot training program in partnership with ENAC (French National School of Civil Aviation). This approximately 24-month program will recruit cadet pilots and offer a syllabus in compliance with the EASA regulations (European Aviation Safety Agency). With the worldwide growth in air traffic expected over the next twenty years, there is a

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Aegean Airlines to implement Sabre AirVision Revenue Optimizer

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At the CAPA-ATCE Global Summit in Amsterdam, Sabre Corporation, one of the leading technology provider to the global travel industry, launched its next-generation revenue management platform, AirVision Revenue Optimizer. This innovative solution is designed to help airlines respond to rapidly changing market conditions in real-time and to optimise multiple revenue streams through advanced decision support.

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Embraer corruption case resolved with US and Brazilian authorities

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It was announced this week that the Brazilian plane manufacturer, Embraer, has reached an agreement for the resolution of investigations with the U.S. Department of Justice (DOJ), the Securities and Exchange Commission (SEC), the Brazilian (Ministério Público Federal (MPF) and the Comissão de Valores Mobiliários (CVM). As part of the settlement, Embraer has agreed to

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Southwest Airlines reports third quarter profit of US$388m

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Southwest Airlines reported net income of US$388m compared with third quarter 2015 net income of US$584m. Excluding special items, Southwest Airlines reported net income of US$582m compared with third quarter 2015 net income of US$623m. Operating income amounted to S$695m, resulting in an operating margin of 13.5%. The Company’s total operating revenues were US$5.1bn, driven

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UPS orders 14 Boeing 747-8 Freighters

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Boeing and UPS announced an order for 14 747-8 Freighters. The agreement also includes an option to purchase an additional 14 of the cargo airplanes. “These aircraft are a strategic investment for increased capacity for UPS customers around the globe,” said Brendan Canavan, president, UPS Airlines. “The 747-8 will allow UPS to upsize our network

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Spirit Airlines posts third quarter net income of US$81.4m

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Spirit Airlines reported third quarter 2016 financial results. GAAP net income for the third quarter 2016 was US$81.4m, or US$86.3m excluding special items. GAAP operating margin for the third quarter 2016 was 21.8%, or 23.0% excluding special items. For the third quarter 2016, Spirit’s total operating revenue was US$621.3m, an increase of 8.1% compared to

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Airbus Helicopters and Helibras introduce first H225M in naval combat version

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Helibras and Airbus Helicopters have opened a new chapter in the history of the H225M multirole utility helicopter with the official presentation of the first aircraft in naval combat configuration. Developed and assembled locally by Helibras, Airbus Helicopters’ subsidiary in Brazil, this new H225M version is designed to meet the demanding requirements of the Brazilian

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