AAR earned $18 million on $515 million of sales in the first quarter of its fiscal 2014, about the same income as it netted on more revenue in the same quarter of the year prior.
Airbus will expand its joint venture maintenance unit, Sepang Aircraft Engineering (SAE), and establish a new Airbus customer services center in Malaysia.
American Airlines and US Airways won two victories Tuesday in their battle against the US Department of Justice (DOJ) over the carriers’ proposed merger: another attempt by DOJ to delay the trial was rejected and the Texas attorney general withdrew from DOJ’s lawsuit.
More than 15,500 FAA employees—about a third of the agency’s staff—are facing immediate furloughs owing to the partial shutdown of the US government that started Tuesday.
Regional aircraft lessor Nordic Aviation Capital (NAC) has placed a firm order for 25 ATR 72-600s, plus 10 options, valued at more than $840 million at current list prices.
Republic Airways Holdings has entered into a definitive agreement to sell Denver-based Frontier Airlines to Indigo Partners, which is led by former Spirit Airlines chairman Bill Franke.
Fastjet’s Tanzanian low-cost operation has posted a $13.3 million trading loss for the six months ended June 30, contributing to a $39.5 million operating loss at group level.
International construction group Hochtief has completed the sale of its airports business to Canadian pension fund manager PSP Investments, raising €1.1 billion ($1.5 billion) in cash from the transaction.
Despite its financial problems, LOT Polish Airlines has continued with its fleet renewal program, taking its fifth Boeing 787 in July and operating the aircraft on transatlantic flights from August.
The Level D full flight simulator (FFS) retains its position as the indispensible device for flight crew training and qualification. What’s changing is airlines’ sharpened focus on lowering operating costs and a market in which new players to the commercial business are vying with long-established airline training and simulator providers.
The Aleman family founded Interjet in 2005 and the fast-growing carrier is now the country’s second-largest airline behind Aeromexico with a 28% market share and a fleet of 41 aircraft, including two Sukhoi Superjet 100s placed into domestic service in September. It is the only Western airline operating the SSJ100.
Since the 2009 resolution of its long-standing internal conflict, Sri Lanka has doggedly pursued a path to economic recovery, with particular focus on tourism on an island that is known as the pearl of the Indian Ocean because of its natural beauty.
SITA, an IT business solutions and communications services provider to the air transport industry, exclusively briefed ATW on the results of its eighth annual Passenger IT Trends Survey.
US airline industry observers were trying to figure out what motivated the US Dept. of Justice (DOJ) to file a lawsuit to block the US Airways-American Airlines merger when the government’s lawyers gave a possible clue: maybe they weren’t really planning to go to trial after all.
