Boeing reported first-quarter net income of $965 million, down 12.7% from a net profit of $1.12 billion in the year-ago period.

Air China subsidiary Shandong Airlines has placed a firm order for 50 Boeing 737 aircraft, including 737NGs and 737 MAXs.

Indonesia’s Lion Air will lease five Boeing 737s—comprising four 737-800s and one 737-900ER—from Bank of China subsidiary BOC Aviation.

Russia’s Transaero Airlines, which has unveiled the layout of its new fleet of four Airbus A380s, will be equipped with the highest number of seats—652—compared to other operators of the type.

Aircraft & Engines

Flybe, which is undergoing a wide-ranging restructuring, has brought in Cabot Aviation to place five of its Embraer E-195LRs.

Total March 2014 Commercial Aircraft Orders: 219 Source: Penton-Aviation Week Intelligence Network Fleets & ATW Research

TAP Portugal—which has 12 Airbus A350-900s and two firmed options on order—may need up to seven more aircraft for its fleet renewal and growth.