Continued increase in air travel will benefit aircraft lessors this year but slower economic growth in key markets and increased competition will limit further profitability gains, said Moody’s Investors Service. Moody’s said its outlook for aircraft lessors is positive over the coming 12 to 18 months. The ratings agency expects that growth in air travel, strong airline operating pe...
Virgin Australia has welcomed today’s announcement that Singapore Airlines will introduce direct international services from Canberra to Singapore and Wellington from September 2016. As part of the alliance between the two airlines, Virgin Australia will codeshare on Singapore Airlines flights between Canberra and Singapore, providing Virgin Australia customers with greater access to Asia...
Singapore Technologies Engineering (ST Aerospace) said it secured contracts worth S$415m ($285m) in the fourth quarter of 2015, rising from S$310m ($216m) in Q4 2014. In its quarterly report released today (January 19), ST Aerospace said some of the contracts included line and heavy maintenance agreements for customers supporting Airbus, Boeing and McDonnell Douglas aircraft types, as well as c...
Hold it! If you are about to looking at new private jets with the intention to buy, it may be worth waiting for one of the newest models coming on to the market in the next few years. Despite a tough market, aircraft manufacturers have invested in new private jets and have upgraded existing ones to give prospective buyers plenty of options. Corporate Jet Investor has rounded-up of list of new p...
The UK is exploring options for its transport rotorcraft, including in-flight refuelling, as it looks to extend the operational range of its fleet in line with commitments in a recent defence review. Released in November, the Strategic Defence and Security Review (SDSR) promised the UK would "upgrade helicopters and transport aircraft so we can deploy further, faster and independently, to...
Bell Helicopter will, in 2017, fly a V-22 tiltrotor equipped with new prop rotor blades designed to reduce manufacturing costs on the type. The modification is the latest in a series of trials under the manufacturer's Advanced Technology Tiltrotor (ATTR) effort; a risk-reduction exercise for the Osprey's US Marine Corps and US Air Force customers. "It is a fairly substantial cha...
“On your next flight, why not pass the time as you learn a new skill whilst flying above the clouds?” Virgin Australia asks as it launches its latest inflight entertainment innovation: short hour-long modules on a variety of subjects delivered via its wireless streaming inflight entertainment system. “Are you interested in learning a new skill, but just don’t seem to fin...
Gerald Tobias, the former president and CEO of Sikorsky Aircraft who helped develop the Black Hawk military helicopter and launched the S-76 executive helicopter, died on November 14 in Huntington Beach, Calif. He was 89. Born July 6, 1926, Tobias served in the U.S. Marines from 1943 to 1944 and trained on the Boeing Stearman. Following his service, Tobias remained invo...
JetNet iQ is still predicting that 744 new business jets will be delivered this year—up from its estimate of 710 last year—but the business aviation data firm is adjusting its 10-year outlook to “reflect recent industry and market developments, especially in the large cabin market.” Thus, it now expects lower delivery volumes and a higher share of aircraft to be delivered t...
British Airways owner IAG is holding talks on leasing additional A380s second hand because it believes the options it has to buy more of the Airbus superjumbo are too expensive, its chief executive said on Monday. The move is part of a strategy of increasing the proportion of leased aircraft International Airlines Group (IAG) has within its fleet, Willie Walsh told the Airline Economics ai...
Fuel surcharges don’t matter much to most consumers. They’re advertised as part of the paid fare when buying a ticket. They even earn credit in revenue-based frequent flyer programs. They really only matter to consumers who have airfare discounts that don’t apply to the surcharges, and to frequent flyers booking awards. United never collects fuel surcharges on awards Americ...
Oriens Aviation, the UK distributor for Pilatus will attend the Goodwood Festival of Speed from 23 – 26 June 2016. Edwin Brenninkmeyer, CEO of Oriens Aviation, confirmed that the exhibition will be one of the first chances for people to see the superior new version of the PC-12 NG that will offer a quieter cabin and a greater range, with no increase in fuel burn or operating cost during a...
