Florida-based Spirit Airlines (NK) reported first-quarter net income of $23.4 million, almost tripled from a net profit of $7.9 million in the year-ago period.
US Airways (US) has priced two offerings of enhanced equipment trust certificates at approximately $623 million to refinance two Airbus aircraft and to finance 12 Airbus aircraft scheduled for delivery between September 2012 and March 2013.
Spirit Airlines will increase 2X-weekly Myrtle Beach-Plattsburgh, N.Y. service to 3X-weekly June 14-Sept. 1. It will also increase 2X-weekly Myrtle Beach-Niagara Falls, N.Y. service to 3X-weekly June 21-Sept. 4. It will cancel all flights between Niagara Falls and Myrtle Beach, S.C. from May 15-June 20 and flights between Niagara Falls and Ft. Lauderdale, Fla. from May 15-June 30 due to runway construction at Niagara Falls.
Pratt & Whitney has launched ultrasonically pulsed waterjet stripping method PurePulse, a technology to remove hard coatings/materials applied by thermal spraying and plating processes, using 30% of the pressure of traditional units.
South Korea's international passenger traffic jumped 12.4% in the first quarter, to a record 11.4 million from 10.1 million in the year-ago period, the Yonhap News Agency has reported, citing the Ministry of Land, Transport and Maritime Affairs.
United Parcel Service (UPS) last week reported first-quarter net income of $970 million, up 6% from a net profit of $915 million in the year-ago period, on a 4.4% increase in revenue to $13.14 billion.
The Spanish government intervened last week to help resolve the increasingly bitter dispute between Iberia (IB) and its pilots, imposing a compulsory arbitration order on both parties.
United Parcel Service (UPS) last week reported net income of $970 million for the first quarter, up 6% from a net profit of $915 million in the year-ago period, on a 4.4% increase in revenue to $13.14 billion.
China Eastern Airlines (MU) placed an order for 20 Boeing 777-300ERs in an order worth $5.94 billion at list prices, according to the carrier’s statement released by Shanghai Stock Exchange.
Goodrich was selected by Southwest Airlines to supply wheels, carbon brakes, MRO services and comprehensive asset management covering its new fleet of Boeing 737-800 aircraft. Precision Conversions won a contract from SF Airlines to provide full 15-cargo position 757-200PCFs. The 757-200PCF modifications will take place at the Taikoo Aircraft Engineering Co. Ltd. (TAECO) maintenance facility in Xiamen.
A 15.1% increase in the civil jet engine aftermarket has helped French aerospace, defense and security supplier Safran post a 15.9% year-on-year (7.3% organic) revenue increase for the first quarter, bringing the total for the period to €3.1 billion ($4.1 billion).
The Sukhoi Superjet 100 (SSJ100) aircraft has been certified to operate in the high north latitude area, after undergoing trials at Yakutia’s Tiksi Airport (IKS), located at the 71.7 degree of the north latitude.
Republic Airways Holdings (RAH), parent of Chautauqua Airlines, Frontier Airlines (F9), Republic Airlines and Shuttle America, posted a net loss of $7.1 million in the first quarter 2012, narrowed from a $22.4 million net loss in the year-ago period.
Europe’s SESAR (Single European Sky ATM Research) Joint Undertaking has begun a study into the integration of Unmanned Aircraft Systems (UAS) into non-segregated airspace in a SESAR air traffic management scenario.
