Rolls-Royce announced an agreement with Synergy Aerospace, part of the Synergy Group Corp. of South America, for Trent XWB engines to power its next-generation widebody fleet of 10 firm and up to 10 option A350 XWB aircraft, due for delivery from 2015. The business has a potential value of $880 million at engine list prices. […]
Rolls-Royce to power up to 20 A350 XWBs in $880 million agreement Read More »
WestJet reported record fourth quarter and full-year 2007 results. The airline’s quarterly net earnings increased to $75.4 million from $26.7 million in the same period last year. These results included a one-time favourable adjustment of $33.7 million due to corporate income tax rate reductions enacted by the federal government in the quarter. Excluding the one-time
WestJet reports net earnings of $193 million for full year 2007 Read More »
Hawker Beechcraft Acquisition Company reported sales of $2,793.4 million and operating income of $148.3 million for the nine months ending December 31, 2007. During this time period, the Company delivered 351 business and general aviation aircraft. The Company recorded net bookings of $5.1 billion for the nine months ending December 31, 2007, resulting in a
Hawker Beechcraft Acquisition Company reports 2007 results Read More »
Boeing named Ralph “Skip” Boyce president of Boeing Southeast Asia. Boyce will focus on strengthening the company’s presence across the region and supporting opportunities to increase Boeing’s growth and productivity. He will be based in Singapore and report to Shep Hill, president, Boeing International. Boyce succeeds two retiring Boeing leaders: Douglas Miller, Boeing Integrated Defense
Ralph Boyce to lead Boeing's Southeast Asia business Read More »
AAR CORP. reported the completion of a private placement of $125 million aggregate principal amount of 1.625% convertible senior notes due 2014 and $100 million aggregate principal amount of 2.25% convertible senior notes due 2016 (together, the “Notes”) in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of
AAR completes $225 million private placement of convertible notes Read More »
Iberia has signed three separate contracts with the Iberworld company under which it will perform aircraft maintenance and logistical support services at the installations of Iberia Maintenance in Madrid. The first contract covers inspections and maintenance of 10 CFM56-5B engines belonging to the Airbus A320 fleet, including disassembly and assembly. The contractual term begins this
Iberia to maintain aircraft, engines and components for Iberworld Read More »
Iberia reported that traffic for January grew by 1.0% and capacity increased by 1.4%, leading to a load factor of 77.3%, similar to January 2006 (77.6%).
Iberia reports January traffic Read More »
Ryanair announced its 26th European and fifth Spanish base in Reus Barcelona. From October, Ryanair will invest $140 million in 2 new aircraft and 12 routes that will deliver 1,000 jobs and over 1million passengers p.a. for Tarragona.
Ryanair announces 26th base in Reus Barcelona Read More »
Forward Air Corporation reported results for the fourth quarter and fiscal year ended December 31, 2007. Operating revenue for the quarter increased 22.8% to a record $114.5 million from $93.2 million for the same quarter in 2006. Income from operations was $20.0 million, compared with $18.9 million in the prior-year quarter, an increase of 5.9%.
Forward Air reports fourth quarter and fiscal 2007 results Read More »
AerCap of the Netherlands, have signed a 2 year agreement with Waviatech, the UK-based provider of the Stream-Digital Aircraft Records tool. The agreement covers the scanning of the historical records for its fleet of aircraft that will be transitioning between leases with the data being presented in the Stream format.
AerCap sign 2 year agreement with Waviatech Read More »
