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VEB is going to take part in financing deliveries of Sukhoi SuperJet 100 to Mexico

Vnesheconombank (VEB), United Aircraft Corporation (UAC), Sukhoi Civil Aircraft Company (SCAC) and SuperJet International S.p.A. signed a memorandum of cooperation at MAKS-2015 airshow. The document was signed by the First Deputy Chairman – member of the VEB Management Board, Petr Fradkov, UAC President Yuri Slusar, SCAC President Ilya Tarasenko and SuperJet International S.p.A. CEO Nazar...

Swiss eyes boost in Asian capacity

Switzerland's flag carrier SWISS will spend up to SFR6 billion ($6.4 billion) over the next two years to increase capacity, with a significant proportion of that in Asia. Following its upgraded order for nine Boeing 777-300ERsin May this year, it will replace its aging Airbus A340-300s on several Asian direct routes with the new aircraft. The first to see the B777 upgrades will be i...

China’s Spring Airlines’ 1H profit climbs 129%

hanghai-based low cost carrier Spring Airlines has reported a net profit of CNY619.5 million ($97 million) for the first half of 2015, up 129% over the CNY270.8 millionfor the same period the previous year. Operating revenue was up 15% to CNY3.95 billion, while operating costs increased 2.8% to CNY3.1 billion. The airline credited lower fuel prices and “robust growth in...

Azul experiments with ‘Brazil Air Pass’ for US passengers

Azul Brazilian Airlines is offering passengers from the US single-price passes for unlimited flying in Brazil over set time periods. Any US passenger flying to/from Brazil aboard Azul or United Airlines is eligible for the “Azul Brazil Air Pass.” Unitedannounced an agreement with Azul in June to acquire a 5% stake in Azul and it entered into a partnership with the Brazilia...

Shun Tak Holdings confirms plans to close Jetstar Hong Kong

The fate of Jetstar Hong Kong (Hong Kong Chek Lap Kok) has been sealed after Hong Kong-based property and transportation conglomerate, Shun Tak Holdings, announced it would not invest any further funds into the failed start-up. "After reviewing the decision and potential course of actions, the Group has resolved not to further invest in the business of JHK and proposed to termina...

Super Puma will get Russian certification soon

Airbus Helicopters is planning to get Russian type certificate for its 11-ton transport helicopter H225 Super Puma in the nearest future. The helicopter was known as EC225. Mickael Melaye, Director of operational marketing commented on that for Bizavnews : " We are on the final stage of the certification process, we hope to get long-awaited testimony in September...

Russian bank arranges financing for Cuban-bound An-158

Russia’s Roseximbank has signed an agreement with Ilyushin Finance Co. (IFC), a Russian leasing company, to provide $70 million in export financing for Antonov An-158 aircraft for Cubana de Aviación. The agreement, signed at the MAKS Air Show in Moscow, follows a series of similar deals involving Russian-built airliners for Cuban carriers. “Roseximbank has been c...

SilkAir to Offer Services to Male Together with Singapore Airlines

From 25 October 2015, SilkAir, the regional wing of Singapore Airlines, will begin four times weekly services to Male. Previously, Singapore Airlines offered a variable frequency of 10 to 14 flights a week to the capital of the Maldives. Now, together with SilkAir’s new services, both airlines will offer a total of two round-trip services a day, subject to regulatory approval. Singapore A...

Meridian adds 605 to fleet

Meridian has added a second Bombardier Challenger 605 to its growing fleet of private business jets. This large cabin aircraft began service in 2012, seats up to nine passengers and is available for charter. “We are very excited about adding a second Challenger 605 to our charter fleet,” Meridian Vice President of Aviation Sales Mike Moore says. “...

Empire Airlines announced changes in the executive structure

Empire Airlines, Inc. President and CEO Tim Komberec recently announced changes in the executive structure of the company. Scott Marikis was named Vice President and Chief Operating Officer. Scott has been with Empire for eight years as Vice President and Chief Financial Officer. He has over twenty years of senior-level general management and financial experience in various industries...

C&L Brokers Deal for Sale of Saab 340A to Kiwi Regional

(Bangor, Maine, USA) C&L, working on behalf of Spint Air, brokered a deal with Kiwi Regional Airlines for the sale of a Saab 340A, MSN 065. This is C&L’s eighth Saab transaction in the last 12 months. As a world leader in the Saab 340 market, C&L is committed to maintaining the aircraft type as an economical option for regional operators around the world. Kiwi w...

Pratt & Whitney Delivers First PurePower® Engine to Irkut Corporation

Pratt & Whitney delivered the first PurePower® PW1400G-JM engine to the podding facility at Russia’s Irkut Corporation. The PW1400G-JM engine was assembled and tested at the Pratt & Whitney West Palm Beach Engine Center located in Florida before being shipped to Irkutsk, Russia. The PW1400G-JM engine has been optimized for installation on Irkut’s MC-21 aircraft family. Prat...

British Airways to Launch First Nonstop Transatlantic Service from San José, California to London, England

British Airways today has announced that it will begin service between Mineta San José International Airport and London Heathrow from May 4, 2016. This marks the first regularly scheduled nonstop service to the UK for the city of San José. British Airways will operate the newest aircraft in its fleet, a Boeing 787-9 Dreamliner, featuring the airline’s newly designed First cabin...

Avtrade NPS appointed as authorized distributor for HR Smith products

Avtrade is pleased to announce that HR Smith Ltd. has appointed Avtrade NPS as Authorized Distributor and Representative for the HR Smith Group of Companies (including Techtest Ltd and HR Smith (Technical Developments). This appointment allows Avtrade NPS authorization to supply and distribute products designed and manufactured by the H.R. Smith Group of Companies. The HR Sm...

Avianca Holdings And Its Subsidiaries Carried More Than 2.5 Million Passengers

In July 2015, Avianca Holdings and its subsidiaries carried 2,564,518 passengers, a 10.8% increase over the same period in 2014 In July, the subsidiary companies of Avianca Holdings S.A. (NYSE: AVH) (BVC: PFAVH) (*) transported 2,564,518 passengers, up 10.8% compared to July 2014. Capacity, measured in ASKs (available seat kilometers), increased 8.5%, while passenger traffic, measured...

Russia's UAC Awaits Kremlin Approval To Build Turboprop

Russia’s United Aircraft Corporation (UAC) expects the Russian government will decide later this year on whether to allow the state-backed aerospace group to build a new 50-to-70-seat passenger version of Ilyushin's Il-114. The aerospace company and the government are now discussing options that include restarting production of the Ilyushin Il-114 twin turboprop. During a press c...

Turkish Airlines launches a new Venice-Istanbul route

Turkish Airlines is to launch flights from Venice Marco Polo Airport to Istanbul Sabiha Gökçen Airport. As well as the already existing 24 weekly flights connecting the Venezia Marco Polo Airport to the Istanbul Atatürk Airport, the airline will inaugurate a new connection to the Sabiha Gökçen Airport, located in the Asian side of the city. The new flight will be op...

Double passenger record for Abu Dhabi International Airport in July

July was a record breaking month for passenger figures at Abu Dhabi International Airport, as not only did the total number of passengers travelling through the airport hit the two million mark for the first time ever, but the figure for the departing passengers alone also reached a record, with over a million travellers leaving from Abu Dhabi International Airport. A total of 2,100,929 pas...

Virgin Galactic names new pilot for world's first commercial space line

Virgin Galactic, owned by Abu Dhabi's Aabar Group and Richard Branon's Virgin Group, has named Nicola Pecile as the world's first commercial spacecraft's new pilot. Pecil joins Virgin Galactic after four years at the National Test Pilot School (NTPS) in Mojave, with 20 years spent in the Italian Air Force prior to this. He served as a fighter pilot and later as an experimental t...

Iran officials says Russians off the tender list for new aircraft

An Iranian official has said that it is unlikely that Iranian airlines will be buying Russian-made passenger aircraft anymore after a turbulent history. As they move away from Russian aircraft it is becoming more likely that Iranian companies would seek Airbus and Boeing products, said Maqsoud Samani Assadi, secretary of Iran’s Airlines Association in an interview with Trend News Age...

Preparation for the First Eastern Economic Forum is Nearing Completion

Around 300 foreign business people and entrepreneurs have registered for participation. Interestingly, almost 1,000 representatives of the foreign business community applied for participation, but corporate delegations were reduced according to the established quotas. Based on the results of the completed accreditation, the largest foreign delegation is arriving from China - 104 people. We...