Dubai-based Emirates Airline (EK) is experiencing “enormous” operations problems and has lost nearly $100 million from necessary modifications to repair wing rib cracks on its in-service Airbus A380s.

Air Lease Corp. has acquired one 2009 Boeing 777-300ER, which it will lease through 2022 to Cathay Pacific Airways, a new customer for ALC.

Etihad Airways (EY) placed an order with Airbus to equip 17 A320s on order with 2.5 m-tall sharklets.

Precision Air (PW) has embarked on a $90 million fleet modernization program that includes the delivery of four new ATR 42-600s and one new ATR 72-600 during the next two years, beginning in September.

Recaro Aircraft Seating reported a FY2011 sales revenue of €304.3 million, up 6% from €288 million year-over-year. During the period the company said it set a new record of number of units delivered and produced more than 85,500 seats at its three production sites, up over the 70,000 produced in FY2010.

Airbus in May delivered a total of 45 aircraft, comprising 34 A320 family, eight A330s and three A380s, down from a total of 50 deliveries in May 2011, comprised of 38 A320s, nine A330s, and three A380s.

Norwegian (DY) has firmed an order for 100 Airbus A320neos, following an agreement signed in January.

Indonesian carrier Lion Air (JT) has selected the Boeing 787 over the Airbus A330 for its new premium carrier Batik Air.