Honeywell is on track to finish 2015 with its sixth consecutive year of double-digit earnings growth, according to Tom Szlosek, the conglomerate’s senior vice president and CFO. Speaking yesterday during the company’s 2016 Outlook investor call, he noted Honeywell’s more than $5 billion in corporate acquisitions over the past few months, including satellite communications co...
Recent equity capital raising plans and strategic announcements by aircraft lessors indicate supportive market conditions for the sector and suggest the potential for increased activity in 2016, says Fitch Ratings. The market for commercial aircraft is currently benefiting from the strong growth of global air traffic, low airline fuel prices, largely improving airline credit fundamentals and stabl...
Lightweight metals leader Alcoa today announced long-term supply contracts with Boeing valued at over $2.5 billion. Alcoa will supply multi-material fastening systems for every Boeing platform in its largest fastener deal ever. Alcoa also will supply ready-to-install titanium seat track assemblies for the entire 787 Dreamliner family. “Alcoa has positioned itself to win in a mul...
GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of GE, today announced it completed a purchase-and-leaseback transaction involving two new Airbus A350-900 XWB aircraft with Finnair. The aircraft delivered in October and December and are part of Finnair’s long-haul fleet renewal program. The flag carrier of Finland, Finnair is one of the ol...
Premier Aviation Overhaul Center is pleased to announce the signing of a long-term agreement with Republic Airways Holdings (Republic) for the provision of airframe heavy maintenance on Republic Airways’ fleet of E-170 and E-175 aircraft. Republic Airways Holdings is the owner of Republic Airlines and Shuttle America. The airline currently operates a fleet of Embraer 170s, Embraer 175s, and...
Cargolux Airlines continues on the path of growth and begins the hiring and training process for 100 new pilots in Luxembourg. 52 candidates have already been selected and Cargolux plans to begin the training process for 8 candidates per month from January until July 2016. Candidates for the remaining 48 open positions are expected to begin their training between July and December 2016; the sel...
Alitalia has appointed Cramer Ball as a member of its board of directors, designated to be appointed as Chief Executive Officer from early March 2016. A shareholders meeting convened today, chaired by Luca Cordero di Montezemolo, has appointed Cramer Ball as a member of the board of directors, in substitution of Silvano Cassano who resigned in September, and it has designated him as the next&nb...
Boeing [NYSE: BA] South Carolina marked a major milestone this week as the site’s 100th 787 Dreamliner rolled out of the factory. The airplane now begins system checks, fueling and engine runs on the flight line. The 787-8 will be delivered to American Airlines next year.
Lufthansa’s new traffic control center at Frankfurt Airport – otherwise known as the Integrated Operations Control Center (IOCC) – has now been operational for one month. The new IOCC was officially opened by German Chancellor Angela Merkel on 16 November. Operations and Hub Control staff are now working together from one room in the IOCC for all Lufthansa Gro...
The Guernsey-based 2-REG Aircraft Registry (2-REG), which accommodates all aircraft types from larger airliners through to general aviation, announced today that the States of Guernsey adopted a policy to approve 2-REG to issue Air Operator Certificates (AOCs). This new legislation to accommodate the AOC operations is now being drafted and is expected to pass for final governme...
Korea Aerospace Industries (KAI) has revealed the prototype that will form the basis of Lockheed Martin’s bid for the US Air Force’s T-X next generation trainer competition. Based on the T-50 family of trainer/light fighter aircraft, the company’s “T-X demonstrator aircraft” will conduct ground and flight tests in 2016, says KAI in an email to Flightglobal. In 2017...
Aerion is stepping up its international sales effort, with the appointment of Axon Aviation as exclusive representative for the AS2 supersonic business jet in Russia. This is the third sales agent selection for the Reno, Nevada-based developer in less than a year. Sparkle Roll and Equus Global Aviation are now promoting the proposed Mach 1.5-capable aircraft to the Greater China and South/C...
