Rolls-Royce has taken full control of composites manufacturing joint venture Composite Technology and Applications (CTAL), acquiring GKN’s 49% stake for £8 million ($13.3 million).
Air New Zealand reported a net profit increase of NZ$140 million ($116.5 million) for the first half of the 2014 financial year, up 40% from NZ$100 million in the year-ago period.
Finnair has made further progress with its fleet renewal financing, firming up a memorandum of understanding (MOU) with GECAS for the sale and leaseback of two Airbus A330s.
The Russian government has approved a bill to allow local airlines to sell non-refundable tickets, which will enable local carriers to be more competitive on the international market.
Atlas Air and Qantas Freight, the cargo unit of Australia’s Qantas Airways, have extended their aircraft, crew, maintenance and insurance (ACMI) contract.
UK air navigation services provider NATS has signed a memorandum of understanding (MOU) with the Japan Civil Aviation Bureau (JCAB) to work more closely together on a range of airport planning, capacity and efficiency projects.
SAS Scandinavian Airlines said it has received strong interest from investors in its issue earlier this month of approximately seven million preference shares with a value of SEK3.5 billion ($540 million).
Rolls-Royce has released details of two new engine development programs, Advance and UltraFan, slated for entry into service from 2020 and 2025, respectively.
The chances of ATR getting approval from both of its shareholders quickly for a new large turboprop are looking remote, judging from comments made by Airbus Group chief strategy officer Marwan Lahoud at the company’s annual press conference in Toulouse.
Delta Air Lines’ SkyMiles frequent flyer program will change in 2015 to reward redeemable mileage to members based on ticket price rather than distance traveled.
AirAsia X, the long-haul affiliate of Malaysia-based low-cost carrier (LCC) AirAsia, has reported a net loss of MYR86.9 million ($24.5 million) for the financial year to Dec. 31, 2013, reversing the MYR33.9 million profit reported for FY2012.
The A350 XWB flight test aircraft, MSN2 and MSN4, have both completed their first flights, bringing the total number of A350 XWBs now flying from two to four.
Aviation Corp. of China (AVIC) subsidiary Xi’an Aircraft Industry Co. plans to apply to the Civil Aviation Administration of China (CAAC) to ground MA60 operations as soon as possible for safety inspections following another incident on the Chinese-produced regional aircraft.
Lilongwe-based Malawian Airlines, which is 49%-owned by Ethiopian Airlines, has opened its first international route between Lilongwe and Johannesburg.
Russia’s charter Nordwind Airlines, which will launch scheduled services this year, has applied for permission for nearly 20 international destinations from different Russian cities.
Full-time Equivalent (FTE) Employee calculations count two part-time employees as one full-time employee. * Formerly Pinnacle Airlines. Source: US Department of Transportation Bureau of Transportation Statistics and ATW Research.
Boeing has included a procedure for using Imperium's ultrasonic imaging device, the Acoustocam, in its 787 Dreamliner Non-Destructive Testing (NDT) manual.
