Boeing reports third-quarter results and raises full year guidance

Boeing reported third-quarter GAAP earnings per share of US$3.60 and core earnings per share (non-GAAP) of US$3.51 reflecting overall solid execution on production programs and services, favorable tax items (US$0.98 per share), and timing of aircraft deliveries. Rvenue guidance has been increased US$500m to between US$93.5 and US$95.5bn on higher commercial deliveries. GAAP earnings per […]

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SAS takes delivery of first A320neo

Aircraft & Engines / Leave a Comment

Scandinavian Airlines (SAS), has taken delivery of its first of 30 A320neo aircraft. SAS ordered the A320neo as part of its strategy to modernize its fleet with more fuel-efficient aircraft, reducing environmental impact such as emissions and aircraft noise. The A320neo will join SAS’s existing Airbus fleet of 25 A320 Family aircraft, eight A330s and

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Avolon’s owned, managed and committed fleet at the end of Q3 was 432 aircraft

Airlines & Routes / Leave a Comment

Avolon, the international aircraft leasing company, issued an update for the third quarter of 2016. Following another active quarter, Avolon’s owned, managed and committed fleet at the end of Q3 was 432 aircraft. The company signed an agreement to acquire a portfolio of 45 aircraft from GECAS for US$2bn and an agreement to acquire the

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EDM wins orders for eight Door Trainers from leading US airline

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EDM, a leading global provider of training simulators to the civil aviation and defence sectors, has won orders to supply a leading US airline with eight Door Trainers. The contract awards are for four A350 Door Trainers and four Bombardier CS100 Door Trainers and over wing exit trainers. EDM will design and build the Door

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UK government give go-ahead to third runway at Heathrow Airport

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Six years after the Conservative-led coalition government scrapped plans for a third runway at Heathrow Airport, just west of London, the go-ahead has finally been given for a third runway as opposed to creating a new airport or adding a second runway at nearby Gatwick Airport. The move is seen as a strategic win for

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Garmin announces G5000 flight deck modernization program for Cessna Citation Excel and Citation XLS aircraft

MRO & Production / Leave a Comment

Garmin International said that it will expand its portfolio of integrated flight deck upgrades to now include a G5000 modernization program for the popular Citation Excel and Citation XLS. The Supplemental Type Certificate (STC) is targeted for approval in late 2018 and will be available from select Garmin dealers, as well as Textron Aviation Service

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Spirit Airlines reports third quarter 2016 results

Financial / Leave a Comment

For the third quarter 2016, Spirit’s total operating revenue was US$621.3m, an increase of 8.1% compared to the third quarter 2015, driven by a 12.6% increase in flight volume and 0.8 point increase in load factor, partially offset by a decrease in operating yields. Total revenue per available seat mile (TRASM) for the third quarter

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American Airlines Flight Simulator Engineers approve five-year contract

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The Transport Workers Union and the International Association of Machinists (TWU-IAM Association), representing the more than 140 Flight Simulator Engineers at American Airlines, announced on October 24, that their members approved a new five-year contract, including significant pay raises, to take effect Nov. 7.

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Triumph Group receives order to deliver G650 wings through 2018

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Triumph Group has received an additional delivery order from Gulfstream for the production of wing and wing components for the G650 program. The add-on work is valued at approximately US$300m and extends through 2018. Triumph Group assumed production of the G650 wing in January 2015 from Spirit AeroSystems. As part of the original agreement, Triumph

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Avolon delivers one Airbus A320-200 to Volaris