GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing and financing arm of GE, today announced it completed a purchase-and-leaseback transaction with Finnair for two Airbus A33...
In its latest release, the International Air Transport Association (IATA) has warned that the situation in the Ukraine coupled with the increase in oil price will impact airline profitability. “Airlin...
Turkish Airlines has posted an annual net profit of TYR683 million ($307.7 million) for 2013, which is a drop from the TYR1.13 billion reported last year. Operating profit rose however by 9% to TRY1.2...
Aeroflot Group has posted an increase of 41.9% full year 2013 net income over the 12 months to end December 2013 to RUB 7,334.7 million (US$203.3 million. Full year 2013 revenue rose by 15% year-on-ye...
Insurer Allianz is the lead insurer covering the missing Malaysia Airlines 777. Willis is the broker. Allianz has declined to comment on the extent of its exposure. "We extend our sympathy to all thos...
AAR has announced that its Nordisk Aviation Products subsidiary has begun delivery of more than 2,600 lightweight air-cargo containers to Turkish Airlines. Nordisk’s containers, also known as Unit Loa...
Following the results of fatigue testing on its A380 factory test rig, Airbus has requested its A380 customers inspect the aircraft’s wing spars after six years rather than 12. ...
AerData has announced that SMBC Aviation Capital (SMBC AC) has licensed STREAM aircraft records software and GEARS asset review system. STREAM (Secure Technical Records for Electronic Asset Management...
The main airport in the Crimea, Ukraine has today canceled incoming flights from the capital Kiev. The airport has however allowed aircraft from Moscow to land. Armed pro-Russia groups are in control ...
Ryanair has announced a partnership with Travelport that will allow its agents access to the airline’s low fares and route network. The new business travel platform is designed to save time and money ...
DLA Piper has appointed Vanessa Leigh as a Legal Director in the firm's Aviation practice, part of the Litigation & Regulatory group. Prior to joining DLA Piper, Vanessa trained at Barlow Lyde & Gilbe...
Originally ordered in 1998, JAT Yugoslav Airlines cancelled its purchase of eight A319s from Airbus in 2000 when it entered financial difficulties. The cancellation has only now been approved by the m...
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