Air Transport

By Stephen Costley
AUSTRIAN is phasing out all 18 de Havilland Canada Dash 8-400s by 2022 and will replace them with ten Airbus A320s.
Air Transport

By Stephen Costley
AIRBUS delivered 77 aircraft (four A220s; three A320ceos; 56 A320neos; six A330s; eight A350s) in October vs 81 (two A220s; 19 A320ceos; 48 A320neos
Air Transport

By Stephen Costley
AEROCENTURY reached forbearance agreement with MUFG Union Bank after falling out of compliance with its revolving credit facility due to lease payment
Air Transport

By Stephen Costley
AIRCASTLE agrees to be acquired by a new entity controlled by Marubeni and Mizuho Leasing for $2.4b. Deal expected to close in 1H 2020.
Air Transport

By Stephen Costley
U.S. OFFICE OF FOREIGN ASSETS CONTROL (OFAC) on Nov. 7 announced a $210,600 settlement with Apollo Aviation Group, now known as CARLYLE AVIATION
Air Transport

By Stephen Costley
AIR TRANSPORT SERVICES GROUP earned $105m net profit in 3Q19, vs $72m in 3Q18. Result reflects strong demand trends, robust fleet and insulation from
Air Transport

By Stephen Costley
EMIRATES AIRLINE had AED862m in fiscal 2019/2020 1H net income, nearly quadrupled vs AED226m in 1H FY2018/2019s. Overall Emirates Group net income
Air Transport

By Stephen Costley
JAZEERA AIRWAYS had KWD16.1m 9M 2019 net profit, up 90.2% vs. KWD8.5m in 9M 2018 period. Revenue rose 30% to KWD82.8m, operating profit increased 90.5
Air Transport

By Stephen Costley
LUFTHANSA GROUP had €1.04b for 9M 2019 vs €1.8b for 9M2018. 3Q19 net profit was €1.15b vs €1.1b in 3Q18.
Air Transport

By Stephen Costley
LUFTHANSA GROUP subsidiary SWISS INTERNATIONAL AIR LINES had adjusted earnings before interest and taxes of CHF490m for 9M2019 vs CHF549m in 9M2018.
Air Transport

By Stephen Costley
CVC FUND VII completed acquisition of ONTIC, UK from BBA Aviation for just under $1.4b. Ontic has >165 licenses for >7,000 parts and operates out of
Air Transport

By Stephen Costley
TRIMAS AEROSPACE earned $19.7m on $43.1m sales in 3Q19 vs $7.7m on $40.9m in 3Q18.
Air Transport

By Stephen Costley
INTERNATIONAL AIRLINES GROUP (IAG) agreed to acquire AIR EUROPA, Spain for €1b; deal is expected to be completed in 2H20.
Air Transport

By Stephen Costley
THOMAS COOK AIRLINES SCANDINAVIA has been acquired out of solvency by an investment group that includes Strawberry Group, Altor Funda and TDR Capital
Air Transport

By Stephen Costley
RYANAIR posted €1.15b net income for six months ended September 30 (vs €1.15b a year ago) on 11% higher revenues.
Air Transport

By Stephen Costley
VIRGIN AUSTRALIA GROUP to retire two TIGERAIR Airbus A320s by mid-2020 and cut three Fokker F100s from its regional fleet by March 2020.
Air Transport

By Stephen Costley
EL AL ISRAEL AIRLINES to expand Viasat high-speed in-flight connectivity to its Boeing 777 fleet, plans to have “the majority” of its entire fleet
Air Transport

By Stephen Costley
QANTAS was forced to ground three of 33 737NGs checked for hairline cracks in pickle fork structure for repair.
Air Transport

By Stephen Costley
LIEBHERR-AEROSPACE TOULOUSE was selected by Rolls-Royce to supply pneumatic valves/actuation devices for Pearl 700 engine, which was selected by
Air Transport

By Stephen Costley
THE AV8 GROUP expanded its overhaul shop/headquarters facility at Houston by 9,000 sq ft to 30,000 sq ft. It also added a servo test stand to overhaul
Air Transport

By Stephen Costley
FOSUN TOURISM GROUP has acquired THOMAS COOK, UK and related hotel brands for £11m.
Air Transport

By Stephen Costley
BRISTOW GROUP emerged from Chapter 11 bankruptcy with $535m in new capital. It has >300 helicopters and 78 fixed-wing aircraft to provide
Air Transport

By Stephen Costley
KLM UK ENGINEERING extended its 737F heavy maintenance deal with West Atlantic UK.
Air Transport

By Stephen Costley
ROLLS-ROYCE and CHINA SOUTHERN AIRLINES announce LOI for Trent XWB TotalCare engine MRO services for the airline's 20 in-service and on-order Airbus
Air Transport

By Stephen Costley
SUN COUNTRY AIRLINES to fly 12 new routes—including four new destinations— in summer 2020 with Boeing 737-family fleet.
Air Transport