Ryanair's load factor down in February
Ryanair released that February traffic increased 20% compared to the same period in 2007 and that the load factor was down 2 pts from 77% in February 2007.
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Two Allison AE3007A engines placed with Brazilian Air Force
Skyways Aviation has arranged the sale of two AE3007A engines to Southern Cross Aviation of the U.S. for operation with the Brazilian Air Force. Both engines were delivered in February 2008 and will support the existing fleet of fifteen ERJ 145 aircraft. Skyways Aviation was acting on behalf of Air Vend
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BAE Systems agrees to sell flight systems business
BAE Systems signed a definitive agreement to sell its Flight Systems business, located in Mojave, California, to Calspan Corporation. The cash purchase price is $62.5 million plus an additional consideration to be paid pursuant to an earn-out mechanism by reference to the revenues of the business over the next five years. The transaction is subject
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Delta Air Lines achieves system load factor of 75% in February
Delta Air Lines reported system load factor for February of 74.9%, up 0.8 pts from February 2007, system traffic in February 2008 increased 6.7% over February 2007 with a capacity increase of 5.6%.
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Continental Airlines reports February 2008 operational performance
Continental Airlines reported a February consolidated (mainline plus regional) load factor of 76.0%, 1.0 point below the February 2007 consolidated load factor. Continental reported a consolidated traffic increase of 4.5% and a capacity increase of 5.8% as compared to February 2007.
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Alaska Air Group announces completion of stock repurchase program
Alaska Air Group reported the completion of a $100 million stock repurchase program authorized by its board of directors on Sept. 13, 2007. Under the program, the company repurchased 4,113,782 shares of its outstanding common stock, or 10% of the outstanding stock at the start of the program, at an average price of $24.31 per
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United Airlines reports February laod factor down
United Airlines reported its preliminary traffic results for February 2008. The company reported a February passenger load factor of 74.4% a decrease of 3.1 pts compared to the same period last year. Traffic decreased in February by 0.5% on a capacity increase of 3.7% compared with the same period in 2007.
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PlaneSmart! orders additional Cirrus SR22-G3 Turbos
PlaneSmart! Aviation announced an expansion of their fleet to keep up with customer demand for fractional shares of professionally managed aircraft. PlaneSmart! has ordered two additional fully loaded Cirrus SR22-G3 Turbo aircraft which are expected to roll off the assembly line in time for Spring Flying.
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Singapore Airlines to launch all-business class flights from USA to Asia
Citing consistently strong demand from business travelers, Singapore Airlines has announced plans to convert its five Airbus A340-500 ultra-long-range aircraft into an all-Business Class configuration, on daily flights between New York and Singapore, and Los Angeles and Singapore. The current 2-class, 181 seat, configuration will be replaced with 100 of the airline’s new, Business Class
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