US Airways Group released that mainline traffic for the month of January 2012 was up 3.8% versus January 2011, while mainline capacity was up 3.1%. Mainline load factor was a record 78.8% for the month of January, up 0.5 points versus January 2011.
US Airways reports January load factor of 78.8% Read More »
The European Aviation Safety Agency (EASA) issued its Type Certificate A-176 for the Sukhoi Superjet 100 (model RRJ-95B). This certificate recognizes that the SSJ100 aircraft demonstrated compliance with the EASA airworthiness and environmental requirements. The recognition allows the European airlines, as well as those airlines operating in countries which use EASA regulations as a reference
Sukhoi Superjet 100 gets type certificate from EASA Read More »
Hungarian airline Malev ceased flying with debts of HUF60bn ($270m) after the government withdrew financing. Malev, placed under bankruptcy protection this week, halted all flights at 6 a.m. on Febr. 3rd, in Budapest. Malev’s CEO Lorant Limburger in a statement said that the carrier’s cash-flow became “untenable” after service providers “lost faith” and the European Commission
Hungarian airline Malev stops flying Read More »
Irish headquartered Eirtech Aviation, continues its expansion with the addition of two newly built narrow body state of the art hangars located in Ostrava, Czech Republic. Founded in 1999 Eirtech Aviation underwent an ownership change in 2009 following an MBO from Lufthansa Technik. The company primarily offers aircraft repainting, interior refurbishment, aviation graphics, engineering and technical
Eirtech Aviation continues expansion Read More »
airberlin will become a full member of oneworld with effect from Tuesday March 20th 2012, adding Europe’s sixth largest carrier to the premier global airline alliance. Austrian airline NIKI, also a member of the airberlin group, will join oneworld at the same time as an affiliate member. airberlin received its green light to board oneworld
airberlin to become member of oneworld on March 20th Read More »
Goodrich reported fourth quarter 2011 net income of $238m on sales of $2,145m. In the fourth quarter 2010, the company reported net income of $148m, on sales of $1,806m. Segment operating income margin for the fourth quarter 2011 was 19.7%. For the full year 2011, the company reported net income of $810m, on sales of
Goodrich reports fourth quarter net income of $238m Read More »
Atlas Air has entered into an $865m term-loan facility with Apple Bank for Savings, guaranteed by the Export-Import Bank of the United States, to finance the company’s six remaining B747-8F aircraft deliveries. The aircraft are expected to be placed in Atlas Air’s international ACMI (aircraft, crew, maintenance and insurance) service. When drawn, the facility will consist
Atlas Air Worldwide completes financing arrangements for six B747-8F aircraft Read More »
American Airlines outlined a business plan to transform the airline and restore it to industry leadership, profitability and growth. The plan targets an annual financial improvement of more than $3bn by 2017, including $2bn in cost savings and $1bn in revenue enhancements. The additional cash flow will enable American to renew its fleet and to
American Airlines to cut 13,000 jobs Read More »
CEPA, the three-year old Central European Private Aviation organisation, announced the appointment of Brendan Lodge as its new Chairman. Brendan, based in the UK where he is Business Development Director of JetBrokers Europe, brings to the Association a new skillset in the field of international aircraft financing and trading. He will serve CEPA for a 12-month
Brendan Lodge named new Chairman of CEPA Read More »
AeroTurbine has entered into an exclusive ten-year Supply Chain Agreement supporting Pluna Airlines’ fleet of CRJ900 aircraft. This agreement designates AeroTurbine to be responsible for providing material support for an initial 13 CRJ900 aircraft. AeroTurbine’s comprehensive support includes providing onsite aircraft parts inventory, pool stock access in the United States, and complete repair vendor management.
Aeroturbine signs ten-year CRJ900 material support agreement with Pluna Airlines Read More »
