Financial Highlights: Reported record fourth quarter net income, excluding special items, of $186 million, a 49% increase over the fourth quarter of 2014. Adjusted diluted earnings per share of $1.46 was a 55% increase over the fourth quarter of 2014. This quarter’s results compare to a First Call analyst consensus estimate of $1.40 per share. Reported record full-year net income, excl...
Etihad Regional, operated by Darwin Airline, Switzerland leading regional carrier based in Ticino, today confirmed that it has not experienced any commercial cancellations of its operations out of Lugano Airport. Etihad Regional is happy to report that its commitment to maintain a stable operation out of Lugano has paid off: since the 1st December 2015 till today, there have been no commercial...
Monarch Aircraft Engineering Limited , the engineering division of The Monarch Group, has extended its agreement with La Compagnie to include airframe heavy maintenance. Under this extended agreement, MAEL will perform a C Check on the Boeing 757-200 ER at its maintenance facility at London Luton Airport. MAEL currently supports La Compagnie’s transatlantic operation wit...
Air Arabia, the Middle East and North Africa’s first and largest low cost carrier announced today during the Bahrain International Airshow the signing of a new deal with TRU Simulation + Training, a Textron Inc. company, to produce an A320 FFS X™ Level D full motion flight simulator. TRU Simulation + Training will manufacture the A320 FFS X in...
K5 Aviation GmbH of Germany has firmed up a previously announced commitment for an Airbus ACJ319neo, adding to the growing number of orders for the world’s newest private jet family, which includes the ACJ320neo launched in 2015. The ACJ319neo will be operated by K5 Aviation, which will be the first to fly the new type. K5 Aviation already manages three ACJ319s that are offered for VVIP c...
Comlux The Aviation Group is pleased to announce the signing of a cooperation agreement with Texel Air, in order to provide its Middle East customers with dedicated MRO line Maintenance and cabin upgrades & refurbishments on their VIP aircraft. While Texel Air will provide hangar, maintenance and certification services through its 3,200 m2 facility at Bahrain Internation...
The Boeing Company announced it will lower the production rate on the 747-8 program to match supply with near-term demand in the cargo market. To account for the market and production impacts, the company will recognize a $569 million after-tax charge ($0.84 per share) when it announces financial results for the fourth quarter of 2015. “Global air passenger traffic growth and a...
Air New Zealand is suspending services between Auckland and Vanuatu in light of on-going concerns about the condition of the runway at Port Vila International Airport. General Manager Flight Operations Stephen Hunt says, “The condition of the runway at Port Vila has been gradually deteriorating and we have taken the difficult decision to suspend services before the situation becomes unsaf...
S7 Airlines, a member of the oneworld® global aviation alliance®, announces opening new flights to Rhodes Island (Greece). Air tickets are already available for purchase. S7 Airlines will operate direct flights from Moscow to Rhodes from 28 April 2016 up to three times a week – on Tuesdays, Thursdays and Saturdays. Flight S7-617 will depart from the Moscow Domodedov...
Turkey will offer jet fuel subsidies for flights to five of its tourist hot spots as part of its efforts to safeguard tourism revenue after a suicide bombing in Istanbul last week killed 10 German tourists. Airlines will receive USD$6,000 per flight to Antalya, Alanya, Dalaman, Bodrum and Izmir during the start of the tourism season in April and May, Turkey's tourism minister, Mahir Unal sa...
As a commercial venture, Concorde was a several-billion dollar failure. Between its introduction in 1976 and retirement 27 years later, the world’s only in-service supersonic airliner was only ever flown – as a loss-leader – by the national airlines of the two countries that led its development. Yet as a technological triumph and icon of aviation, it has never been surpassed, del...
Bahraini flag carrier Gulf Air has confirmed its future narrowbody fleet plan, adjusting a previous order with Airbus to sign up for an increased fleet of Neo-series A320s and A321s. To be delivered from June 2018, the new assets will include 17 A321neo and 12 A320neo aircraft, with the deal worth an estimated $3.4 billion. No engine choice has been announced. Detailed during the B...
