The rivalry between the All Blacks and the Wallabies is among the fiercest in sport. Understandably then, tensions are reaching new heights just hours out from the biggest match ever to be played between the two sides. Fans of the victorious nation will hold bragging rights for the next four years, while the loser will be tormented by friends from across the ditch until the two sides meet in...
ANA Holdings Inc.'s bond risk jumped last year as the company announced its biggest-ever order for newaircraft. Now Japan's largest airline is being rewarded for the bravado that saw it give its fleet Star Wars paint jobs. The cost to insure the debt of ANA against nonpayment dropped to 58 basis points, the lowest since January 2008, from 128 a year earlier, according to data provider C...
To match ongoing high demand for its bestselling A320 Family, Airbus has taken the decision to further increase the production rate of the Single Aisle Family to 60 aircraft a month in mid-2019. The decision follows thorough studies on production ramp-up readiness in the supply chain and in Airbus sites to allow the ramp-up. To enable the ramp-up Airbus will extend its capacity in Hamburg with...
China Aircraft Leasing Group Holdings Limited (“CALC” or the “Group”, stock code: 01848.HK), the largest independent operating aircraft lessor in China, completed the delivery of the fifth A320 aircraft to Air India Ltd. (“Air India”) at the facilities of Airbus in Toulouse, France on 28 October 2015, marking the 56th delivered aircraft of CALC’s fleet....
Caribbean Airlines announces today the resignation of its CEO, Mr. Michael DiLollo with immediate effect, due to personal reasons. This has received the approval of the Board of Directors. The Board has appointed Mr. Tyrone Tang, Chief Financial Officer, as Acting Chief Executive Officer while they conduct a search for a permanent replacement. The Board has full confidence in the senior le...
Lightweight metals leader Alcoa today officially opened its state-of-the-art jet engine parts facility in La Porte, Indiana. The facility doubles Alcoa’s capacity in La Porte and provides new capabilities that broaden its reach in engines for large commercial aircraft. The new plant will meet increasing demand from makers of best-selling jet engines, growing Alcoa’s value-add busi...
Duncan Aviation is pleased to announce the company has entered into a five-year direct contract agreement with the Egyptian Air Force (EAF) for aircraft maintenance services. Duncan Aviation has been managing the maintenance and repair of the EAF fleet of Falcon 20 aircraft since 1999. Duncan Aviation’s Manager of Government & Special Programs Dave Shipperbottom says the fact th...
Satcom Direct is the first Inmarsat SwiftBroadband (SBB) distribution partner to provision and enable the new SwiftBroadband high data rate (HDR) service with Honeywell avionics, nearly doubling in-flight data speeds available to business aviation. In its latest “first” for business aviation, Satcom Direct has made HDR service available to SwiftBroadband customers, providing a faste...
Air China said on Thursday its net profit jumped 98.1 percent from a year earlier in the first nine months thanks to lower fuel price and robust travel demand. Air China made 6.28 billion yuan (US$988.17 million) in January-September, in line with its own forecast. It made 3.17 billion yuan a year earlier, according to a stock exchange filing. Air China's Hong Kong-listed shares closed d...
Australia’s Civil Aviation Safety Authority (CASA) says it is committed to listening to the aviation community and is making changes to the regulatory regime where necessary to ensure better outcomes for all. The nation’s aviation safety regulator has responded to concerns from The Australian Aviation Associations’ Forum (TAAAF), which said on Thursday it was concerned at the...
Etihad Airways and Virgin Australia have received the green light to extend their alliance for a further five years. In a draft ruling, the Australian Competition and Consumer Commission (ACCC) says it plans to re-authorise the alliance that was first established in 2011 and led to Virgin commencing flights on its own metal between Sydney and Abu Dhabi. “The ACCC considers th...
Hainan Airlines Co., Ltd. (HU), one of China's four major air carriers, Thursday reported a third-quarter net profit of 887.33 million yuan, down nearly 37 percent compared to a net income of 1.41 billion yuan in the year-ago. The 3Q revenue increased to 10 billion from 9.81 billion yuan in the same period last year, but net profit fell 36.85 percent to 887.33 billion yuan, due to depr...
