Aviation News Online

News Archive

  • Finnair issues €200 million bond
    Posted in: Airline, Zone: Europe
    Date: March 23, 2017

    Finnair has issued a senior unsecured €200 million bond, due 29 March 2022, with a fixed annual interest at the rate of 2.250 percent and an issue price of 99.925 percent. The bond is callable before its final maturity. “Finnair’s prudent execution of its accelerated growth strategy and continued improvement in financial performance are reflected […]

  • CALC delivers two A320s to AirAsia Group
    Posted in: Leasing, Zone: Asia/Pacific
    Date:

    China Aircraft Leasing Group (CALC has completed the deliveries of one Airbus A320 each to AirAsia Berhad and Thai AirAsia. Mike POON, Chief Executive Officer of CALC, said, “CALC is very pleased to partner with AirAsia Group to support their business development. Since our foray into Southeast Asia market in 2015, we have made continued […]

  • Garuda Indonesia Group books net income of US$9.35 million for 2016
    Posted in: Airline, Zone: Asia/Pacific
    Date:

    National airline PT Garuda Indonesia (Persero) and its subsidiaries maintained positive performance throughout 2016 with a net profit of US$9.36m, or the equivalent of IDR 124.5bn (exchange rate IDR 13.300 per US$), while carrying a total of 35 million passengers on both Garuda Indonesia and Citilink Indonesia. “As we know, the trend in growth for […]

  • STS Component Solutions enters new strategic partnership with FW Marsh
    Posted in: Maintenance, Zone: Americas
    Date:

    STS Component Solutions (STSCS), a division of STS Aviation Group, has entered into a new partnership with FW Marsh Energy Services for Aeroderivative Field Service Solutions. FW Marsh is a globally recognized provider of Field Service in the Aeroderivative market with a broad portfolio of capabilities as an OEM approved, ISO 9001/2008 certified, provider of […]

  • Southwest Airlines reports February traffic
    Posted in: Airline, Zone: Americas
    Date:

    Southwest Airlines flew 8.7 billion revenue passenger miles (RPMs) in February 2017, an increase of 1.1 percent from the 8.6 billion RPMs flown in February 2016. Available seat miles (ASMs) increased 1.2 percent to 11.0 billion in February 2017, compared with February 2016 ASMs of 10.9 billion. The February 2017 load factor was 79.0 percent, […]

  • Virgin America brand to be retired
    Posted in: Airline, Zone: Americas
    Date:

    Alaska Airlines has announced that the combined company will adopt Alaska’s name and logo, retiring the Virgin America name likely sometime in 2019. However, the combined airline will adopt many of the brand elements from Virgin America, including enhanced in-flight entertainment, mood lighting and music. “Our goal from the very beginning of this merger was […]

  • Astral Aerial Solutions Wins 2017 IATA Air Cargo Innovation Award
    Posted in: Cargo, Zone: Middle East/Africa
    Date:

    The International Air Transport Association (IATA) announced that Kenya based Astral Aerial Solutions is the recipient of the IATA Air Cargo Innovation Award for 2017, for the company’s Unmanned Aircraft System (UAS) Traffic Management (UTM) Concept for Africa. Astral Aerial’s project seeks to lay the foundation for safe, secure and effective UAS operations and integration […]

  • UK Government prepares for Brexit negotiations
    Posted in: Regulatory, Zone: Europe
    Date:

    The UK Government will trigger Article 50 on March 29 setting off the series of negotiations that will dictate the terms for the UK’s exit from the European Union. The House of Lords has released a new Brexit report, Brexit: trade in non-financial services, focuses on trade in non-financial services, including air services, which concludes […]

  • The future of airline distribution, says Skyscanner
    Posted in: Technology, Zone: Europe
    Date:

    In a new white paper, Skyscanner has set out its vision for the future of airline distribution and the changing role of metasearch. The paper, authored by the metasearch engine’s CEO and Co-Founder Gareth Williams, sets out Skyscanner’s intention to transition towards becoming a marketplace in which travellers can shop for a array of air […]

  • Lufthansa Technik’s international growth continues in 2016
    Posted in: Maintenance, Zone: Europe
    Date:

    Lufthansa Technik continued its track record for international growth in 2016 and produced a good result with significantly more investment. The increase in revenue with non-group companies overcompensated the decline in internal orders. Sales revenue climbed by €45 million from €5.099 billion to €5.144 billion. The company achieved earnings before interest and tax (adjusted EBIT) […]

  • TrueNoord funds four E190s on lease to TUI (Jetairfly) and AeroMexico
    Posted in: Finance, Zone: Europe
    Date:

    TrueNoord, the regional aircraft lessor, has closed the first tranche of a term financing facility with DVB bank and PK AirFinance of Luxembourg for four of the six Embraer E190 aircraft that it purchased from BOC Aviation in January with leases attached.  These four aircraft are operated by AeroMexico and TUI (Jetairfly) Belgium. This new […]

  • Nordica to fly to Tallinn from Pulkovo airport
    Posted in: Airline, Zone: Europe
    Date:

    On May 15, 2017, Nordica will commence scheduled service from Tallinn to Pulkovo St. Petersburg airport. The airline will operate up to 13 flights a week on Bombardier CRJ900 aircraft accommodating up to 88 passengers. Time of travel is 50 minutes and flights are operated in codeshare with LOT Polish Airlines. “Renewal of the Tallinn […]

  • US device ban impacts nine airlines
    Posted in: Editorial Comment
    Date: March 21, 2017

    The US Transportation Security Administration has imposed a ban on passengers carrying electronic devices in aircraft cabins flying from eight countries. The 10 international airports covered by the ban are in Cairo, Egypt; Dubai and Abu Dhabi, U.A.E.; Istanbul, Turkey; Doha, Qatar; Amman, Jordan; Kuwait City; Casablanca, Morocco; and Jeddah and Riyadh, Saudi Arabia. The […]

  • AirAsia selects Thales avionics systems
    Posted in: Technology, Zone: Asia/Pacific
    Date:

    Thales has been selected by AirAsia for the equipment of avionics systems on their new fleet of 304 A320neos. The contract will also include a long-term Repair-By-The-Hour support agreement. Deliveries of the aircraft started in October 2016. Thales will equip the 304 single-aisles with its market leading Flight Management System (FMS)1, the navigation solution of […]

  • BOC Aviation orders 13 new 737 Max 8s
    Posted in: Leasing, Zone: Asia/Pacific
    Date:

    BOC Aviation has ordered 13 new Boeing 737 MAX 8 aircraft. “Airlines are attracted by the 737 MAX 8’s lower operating costs and fuel efficiency, and we are delighted to announce the inclusion of these additional aircraft as we build our future delivery pipeline,” said Robert Martin, Managing Director and Chief Executive Officer of BOC […]

  • SIA reviewing Canberra flights
    Posted in: Airline, Zone: Asia/Pacific
    Date:

    Singapore Airlines has confirmed it is reviewing its international flights to and from Canberra. Launched in September 2016, SIA’s Singapore to Canberra to Wellington service runs four times a week. The airline is struggling to fill the service, however with Australian Federal Government figures showing passengers getting on and off the Singapore Airline flights in […]

  • BTS Statistics Release: January 2017 Passenger Airline Employment Data
    Posted in: Airline, Zone: Americas
    Date:

    U.S. scheduled passenger airlines employed 3.9 percent more workers in January 2017 than in January 2016, the U.S. Department of Transportation’s Bureau of Transportation Statistics (BTS) reported. January was the highest monthly FTE total (417,833) since November 2007 (419,313) and was the 39th consecutive month that U.S. scheduled passenger airline full-time equivalent (FTE) employment exceeded […]

  • Alaska Airlines adds Condor Airlines as a mileage partner
    Posted in: Airline, Zone: Americas
    Date:

    Alaska Airlines has added Condor Airlines as a new mileage partner. The carrier flies to the transport hub of Frankfurt, Germany, from Anchorage, Fairbanks and several West Coast Cities. Seasonal nonstop service between Anchorage and Frankfurt begins May 16, while nonstop flights out of Fairbanks resume on June 15. Condor also offers direct flights to […]

  • Burnham Sterling closes three-aircraft private placement financing with Avianca Holdings
    Posted in: Airline, Zone: Americas
    Date:

    Burnham Sterling, a financial advisory firm specializing in transportation assets, has acted as lead arranger and sole book runner in a privately placed transaction for Avianca for three aircraft, including two Airbus A320 family and one Boeing 787. The transaction utilized the Enhanced Aviation Investment Vehicle (EAIV) private debt structure developed by Burnham Sterling. It […]

  • UKEF appoints Davinder Mann as Head of Legal Division
    Posted in: People, Zone: Europe
    Date:

    UK Export Finance (UKEF), the UK’s export credit agency, has appointed Davinder Mann to lead the department’s Legal Division. Davinder has been with UKEF since 2009, and for the last three years has led one of the department’s specialist legal teams. She joined UKEF from Linklaters’ Energy and Infrastructure Global Project Finance practice where she […]

  • Lufthansa Systems acquires new customer Onur Air
    Posted in: Technology, Zone: Europe
    Date:

    Lufthansa Systems has announced that Istanbul-based Turkish private airline Onur Air has opted for its Lido/Flight 4D solution. This new generation of the proven flight planning solution from Lufthansa Systems offers the airline a modern graphical user interface and extensive automation functions for flight planning and control processes. The two companies recently signed a five-year […]

  • Pegasus sells seven 737-800Ngs to ALC
    Posted in: Airline, Zone: Europe
    Date:

    According to a filing with Borsa Istanbul, Pegasus Airlines has agreed the sale of three and four (a total of seven) Boeing 737-800NG aircraft as part of its assets to Air Lease Corporation for a total consideration of US$178.7million. The airline has sold the aircraft to accelerate its planned Airbus deliveries. All of the aircraft […]

  • Ryanair receives its 450th Next-Generation 737-800
    Posted in: Airline, Zone: Europe
    Date:

    Ryanair has celebrated the delivery today of the airline’s 450th Next-Generation 737-800. The Irish low-cost carrier taking an average delivery of 25 737-800s per year since 1999. “Ryanair is proud to partner with Boeing and has operated an all-Boeing fleet since 1994, said Ryanair’s Chief Operations Officer, Mick Hickey. Our current order of 737-800s and […]

  • IAG plays it safe as CALC confirms it is not messing about
    Posted in: Editorial Comment
    Date: March 20, 2017

    There is no question that 2017 is a difficult year for many airlines across the globe: Do they expand? Do they take delivery of new aircraft? Do they rationalise their fleet? Luckily for Willie Walsh the breadth of IAG allows him the luxury to confront many options at once. With its new low-cost, long-haul airline, […]

  • Airbus sets up new training facility in New Delhi
    Posted in: People, Zone: Asia/Pacific
    Date:

    Airbus is setting up a greenfield training facility at Aerocity, New Delhi, to support India’s growing need for Airbus aircraft pilots and maintenance engineers. The ground-breaking for the Airbus India Training Centre was performed by P. Ashok Gajapathi Raju, Hon’ble Union Minister of Civil Aviation and Tom Enders, CEO, Airbus in the presence of Jayant […]

  • ST Engineering’s aerospace arm injects capital into its aircraft seat business
    Posted in: Maintenance, Zone: Asia/Pacific
    Date:

    Singapore Technologies Engineering’s aerospace arm, Singapore Technologies Aerospace has injected its proportional share amounting to S$3.574m into the capital of its joint venture, ST Aerospace Aircraft Seats as working capital. ST Aerospace Aircraft Seats is 90% owned by ST Aerospace with the other 10% owned by Tenryu Holdings. This injection is part of ST Aerospace’s […]

  • Regional Express Airlines aircraft propeller drops off
    Posted in: Maintenance, Zone: Asia/Pacific
    Date:

    Five Regional Express Airlines passenger planes have been grounded as a precaution after a propeller fell off a Saab 340 as it approached Sydney Airport on Friday (March 17). There were no injuries. The airline has grounded another five of its fleet of 55 Saab 340s because their propeller gear boxes and shafts were from […]

  • ARI acquires 100% of UAM
    Posted in: Maintenance, Zone: Asia/Pacific
    Date:

    Aircraft Recycling International (ARI), a member company of CALC Holdings, has acquired a 100% equity interest in Universal Asset Management, one of the world’s leading global aviation services providers based in Tennessee, USA. UAM has nearly three decades of commercial and technical experience managing customers’ aviation assets, disassembling aircraft and supplying after-market components to the […]

  • BOC Aviation orders two new A320s
    Posted in: Leasing, Zone: Asia/Pacific
    Date:

    BOC Aviation has added to its investment pipeline by ordering two new Airbus A320-200 aircraft, both of which are committed for lease to an Asian airline. The aircraft are scheduled for delivery in 2017. “The addition of this pair of A320CEO aircraft reflects its enduring popularity with our customer base, given the reliability and fuel-efficiency […]