The Australian aircraft engine overhaul provider LTQ Engineering, which is based in Tullamarine, will cease operations and close its doors in September owing to the strong decline in engine overhaul demand. The closure was announced by the company, a joint venture of Lufthansa Technik (50%) and Qantas Airways Limited (50%), on July 26 in Melbourne. […]
LTQ Engineering to cease operations Read More »
Boeing has delivered a 747-8 Freighter to Narita-based Nippon Cargo Airlines (NCA), marking the Japanese debut for the 747-8. The new airplane is NCA’s first 747-8 Freighter on order with Boeing. The airline currently operates eight 747-400 Freighters with two 747-400 Freighters on lease with other airlines. The environmentally focused Nippon Cargo Airlines will also
Nippon Cargo Airlines takes delivery of first 747-8 Freighter Read More »
US Airways Group reported second quarter 2012 net profit excluding net special charges, was a record $321m versus $106m in the Company’s second quarter 2011. On a GAAP basis, the Company reported a record net profit of $306m for its second quarter 2012 compared to a net profit of $92m for the same period in
US Airways reports quarterly net profit of $306m Read More »
Delta Air Lines (DAL) reported financial results for the June 2012 quarter. Delta’s net income, excluding special items, for the June 2012 quarter was $586 million, Delta’s June 2012 quarter GAAP net loss was $168m (compared to net income of 198m in 2011), including mark-to-market adjustments on open fuel hedges and other special items. Delta’s
Delta reports 2nd quarter net loss of $168m Read More »
JetBlue reported record second quarter operating revenues of $1.3bn, an increase of 11.0% versus last year. Revenue passenger miles for the second quarter increased 10.5% to 8.50bn on a capacity increase of 5.5%, resulting in a second quarter load factor of 85.3%, an increase of 3.8 points year over year. Net income for the second
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FLY Leasing, a global lessor of modern, fuel-efficient commercial jet aircraft, announced its financial results for the second quarter of 2012. FLY’s net income for the second quarter of 2012 were $25.7m compared to $4.1 million in the same period of 2011. The increases in operating lease revenue and net income is primarily due to
FLY Leasing reports second quarter 2012 net income of $46.1m Read More »
Boeing reported that second-quarter net income rose to $1.0bn, on revenue of $20.0bn. Earnings per share rose 2%, reflecting continued strong core performance across the company’s businesses, which more than offset higher pension expense. Earnings per share guidance for 2012 increased to between $4.40 and $4.60 reflecting the strong core operating performance. The company also
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With a view to increasing the close-proximity services it offers its customers, Eurocopter’s subsidiary in the Southern Cone has put its partnership with Servicios Aéreos de Los Andes SAC on an official footing and has also opened its first certified services center in Peru. The new center, based in the city of Ayacucho and opened
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ARINC Incorporated announced that Cathay Pacific Airways will implement an advanced information management system into its full fleet of Airbus and Boeing aircraft. ARINC’s communications solution creates a true “e-Enabled aircraft” by offering fully-customized, integrated communications management of flight operations, data communication services, cabin services, maintenance, diagnostics, and vital safety information. Cathay Pacific worked closely
Cathay Pacific chooses ARINC to implement fleetwide e-Enabled aircraft program Read More »
Boeing announced a commitment by Aeromexico to purchase up to 100 single- and twin-aisle airplanes – a combination of 737 MAXs and 787 Dreamliners – in an agreement that will fuel the airline’s expansion. The commitment by Mexico’s largest airline includes a mix of 90 737 MAX 8s and 9s, powered by LEAP-1B engines, as
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