Air Berlin PLC was able to increase turnover by 13.7% to €4.23bn in the reporting year 2011 (previous year: €3.72bn) and the number of passengers by 1.2% to 35.3m (previous year: 33.6m). Operational expenditure at the EBITDAR level increased by 20.6% from €3.16bn to €3.81bn. The increase in expenditure would have been distinctly lower without […]
Air Berlin reports 2011 net loss of €272m Read More »
Norwegian Air Shuttle, the third largest low-cost airline in Europe, is the newest GoldCare customer, with a 12-year agreement that covers the airline’s future 787 Dreamliner fleet. Norwegian has three 787-8s on firm order, with commitments to lease three additional 787s. Norwegian has selected GoldCare Enterprise, which encompasses the complete parts, engineering, and maintenance solution.
Boeing to provide GoldCare coverage for Norwegian Air Shuttle 787s Read More »
International Lease Finance Corporation (ILFC) reported that Sean Sullivan has been promoted to Head of the Americas. He will be responsible for leading ILFC’s marketing efforts throughout the region. Mr. Sullivan previously held the position of Vice President in ILFC’s marketing group and has been instrumental in the development of ILFC’s sale-leaseback efforts. Prior to
ILFC appoints Sean Sullivan head of Americas Read More »
Royal Aero GmbH, one of the largest independent European based suppliers of surplus aircraft engine parts and management, has introduced a new company structure. The originally three areas of business – Royal Aero Services GmbH, RATechnical Ltd. and Royal Aero Leasing GmbH – have now been gathered under one entity, namely Royal Aero GmbH. From
Royal Aero GmbH introduces new company structure Read More »
GE Aviation is celebrating the completion of the 1000th GE90-115B engine at its facility in Peebles, Ohio (USA). The engine hit the 1000th mark eight years after it entered service with International Lease Finance Corporation’s customer Air France. More than 1,500 GE90-115B engines have been ordered by customers for their Boeing 777-300ERs, 777-200LRs and 777
GE90-115B hits 1000th engine milestone Read More »
Jet Aviation St. Louis has been named an authorized service center for GE’s CF34-3 engine, which powers the Bombardier Challenger series. With the GE authorization, Jet Aviation St. Louis is approved to perform line maintenance inspections; routine installed engine maintenance including removal and replacement of engine components; removal and replacement of engines; removal and reinstallation
The Cathay Pacific Group recorded an attributable profit of HK$5,501m for 2011. This compares to the profit of HK$14,048m for 2010, which was a record year for the airline. The 2010 results included HK$3,033m of significant non-recurring items being the profit on the sales of its shareholdings in Hong Kong Air Cargo Terminals and Hong
Cathay Pacific posts 2011 profit of HK$5,501m, down 61% from 2010 Read More »
In 2011, the Lufthansa Group’s revenue totalled €28.7bn – an increase of 8.6% on the previous year. Traffic revenue improved by 10.8% to €23.8bn. Overall, the Group’s operating income went up to €31.2bn in the reporting period, an increase of 6.7%. Operating expenses rose by 9.3% in 2011 to €30.4bn. One of the main reasons
Lufthansa Group posts results for full year 2011 Read More »
Boeing has completed delivery of the U.S. Navy’s first aircraft acquired through the F/A-18E/F and EA-18G Multi-Year Procurement (MYP) III contract, ahead of schedule. Aircraft G-57, an EA-18G Growler, was the first of 148 F/A-18E/Fs and EA-18Gs that the Navy will purchase through the contract. The aircraft was delivered to the Navy on Jan. 26
Boeing delivers 1st aircraft under US Navy F/A-18E/F and EA-18G MYP III contract Read More »
AAR has been selected by Airbus Military to provide off-wing repairs management and logistics services. The five-year programs will be managed by AAR’s Defense Systems & Logistics operating unit. AAR will provide a single point of contact for the repair of components that Airbus Military previously outsourced to multiple vendors. The programs will focus primarily
Airbus Military selects AAR for component repair management and logistics services Read More »
