Airlines & Lessors
Feb 13, 2019
Irish lessor Avolon reported a 30% increase in full-year profit for 2018 to $717 million while revenue increased 10% year-over-year (YOY) to $2.57 billion.
Feb 13, 2019
Virgin Australia reported its strongest half-year earnings in more than a decade, thanks to the airline’s restructuring program and surging domestic business.
Feb 12, 2019
US regional Southern Airways Express has acquired Hawaiian-based commuter carrier Mokulele Airlines, in a deal that will result in the combined entity operating 1,380 weekly flights.
Feb 12, 2019
The European Commission (EC) has approved a transatlantic joint venture agreement among Air France-KLM, Delta Air Lines and Virgin Atlantic that will see the Franco-Dutch airline group acquire a 31% stake in Virgin Atlantic.
Feb 12, 2019
Mongolian domestic carrier Hunnu Air signed a lease agreement with CDB Aviation, the European subsidiary of China Development Bank Financial Leasing, for four Embraer E190s.
Oct 07, 2022
Norse Atlantic Airways has no fuel hedges in place and Icelandic LCC PLAY is only hedged to 30%, exposing the airlines to differing levels of fuel-price volatility over the weaker European winter months.
Oct 07, 2022
The start-up airline plans to shrink its network this winter and cut the number of aircraft operating by a half in anticipation of a challenging season.
Oct 06, 2022
The Allied Pilots Association says it will not support giving Boeing more time to certify its final two 737 MAX family variants if the manufacturer does not meet a year-end deadline linked to flight deck system requirements.
Oct 06, 2022
Parker Hannifin has plenty of opportunity to change and improve Meggitt operations while still upholding promises Parker made to the UK government to sustain core Meggitt operations in the country, Parker leaders told Aviation Week.
Oct 06, 2022
Mesa CEO Jonathan Ornstein is holding out hope that his company’s new pilot development program could help the industry recover from an ongoing regional pilot shortage but has no illusions about the magnitude of the challenge at hand.
Oct 06, 2022
Startup Northern Pacific Airways is planning to take four Boeing 757-200s before year-end, initially operating them to Mexico before launching services to Asia in the new year.
Oct 06, 2022
Wizz Air sees deployment opportunities for “significantly more” than the 47 Airbus A321XLR aircraft it currently has on firm order, the airline’s President Robert Carey told attendees at the World Aviation Festival.
Oct 06, 2022
The global commercial fleet will grow at an average annual clip of 3.5% through 2032 on the strength of 21,700 deliveries, while retirements will peak in 2027, a new Aviation Week forecast reveals.