China Eastern Airlines (MU) has agreed to buy 20 Boeing 777-300ERs as the airline expands capacity to meet growing demand in Asia-Pacific and China, according to a Boeing statement.
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.
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.
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).
Astra Airlines will operate seasonal Thessaloniki service to Moscow Vnukovo, St. Petersburg, Novosibirsk, Omsk, Rostov-on-Don, Volgograd, Voronezh, Yekaterinburg, Kazan, Nizhny Novgorod, Perm, Samara and Saratov for the summer 2012 season, an expansion of service over the year-ago period, following the addition of two Airbus A320 aircraft.
Austrian Airlines (OS) has struck a tentative agreement with pilots and flight attendants that could head off OS plans to shift their contracts to subsidiary Tyrolean with less generous terms, according to an internal joint email from the OS management and union Betriebsrat Bord received by ATW.
Las Vegas-based Allegiant Travel Company, parent of Allegiant Air (G4), reported earnings of $21.7 million for the first quarter, up 26.5% compared to $17.2 million in the year-ago period.
JetBlue Airways (B6) posted a $27 million year-over-year increase in net income to $30 million for the first quarter, up from $3 million in the year-ago quarter.
Norwegian Air Shuttle (DY) reported a first-quarter net loss of $49.8 million, a slight improvement on its loss of $51 million for the year-ago period.
Air China (CA) and China Southern Airlines (CZ) saw their first-quarter income plunge due to high fuel prices and the slowing of yuan appreciation, according to carrier statements released by Shanghai Stock Exchange.
United Continental Holdings (UCH) incurred a first-quarter net loss of $448 million, widened from a net deficit of $213 million in the prior-year period.
International Lease Finance Corp. (ILFC) and its parent American International Group (AIG) have filed a civil lawsuit in a Los Angeles court against Air Lease Corp. (ALC) and its chairman and CEO, Steven Udvar-Hazy, as well as a number of other top ALC executives, seeking damages that it said may reach “several hundreds of millions” of dollars “or more.”
United Continental Holdings (UCH) incurred a first-quarter net loss of $448 million, widened from a net deficit of $213 million in the prior-year period.
Las Vegas-based Allegiant Travel Company, parent of Allegiant Air, reported earnings of $21.7 million for the first quarter, up 26.5% compared to $17.2 million in the year-ago period.
ST Aerospace has secured about $540 million worth of new contracts in the first quarter. These contracts—which are for aircraft maintenance and modification, component total support, and engine total support businesses—will be carried out at its global maintenance, repair and overhaul network. The company has inked a passenger-to-freighter (PTF) conversion order for 15 Boeing 757-200s.
Boeing earned a net profit of $923 million in the first quarter, up 58% over $586 million in net income in the prior-year period, on a 30% jump in revenue to $19.38 billion.
US Airways (US) reported first-quarter net income of $48 million, reversed from a net loss of $114 million in the prior-year period, though it conceded that was in the red excluding special items.
Mitsubishi Aircraft Corp. (MITAC) on Wednesday announced it will delay the first flight of its 70/90-seat regional jet from the second quarter 2012 to an October-December 2013 timeframe, and will also delay first delivery from the first quarter of 2014 to the summer of 2015.
