Northrop Grumman Corporation reported third quarter 2015 net earnings increased 9 percent to $516 million, or $2.75 per diluted share, from $473 million, or $2.26 per diluted share in the third quarter of 2014. Third quarter 2015 diluted earnings per share are based on 187.9 million weighted average shares outstanding compared with 209.2 million shares in the prior year period. The company repurch...
Bombardier gave updates on both of the business aircraft programs after announcing the cancellation of the Learjet 85 project. The company confirmed that the engines have been fitted on the first Global 7000 Flight Test Vehicle (FTV1). All structural components have been joined on FTV1, including the rear, centre and forward fuselage sections, the wing, the landing gear and vertical and horizon...
Jet Aviation and Kurz Aviation Service are cooperating to provide a total network solution within Germany. The companies manage a combined total of seven FBOs in Germany. The seven FBOs include Berlin Tegel and Schönefeld, Dusseldorf and Munich (Jet Aviation) and Cologne, Egelsbach, Frankfurt and Stuttgart (Kurz Aviation Service). “Our decision to share resources will offer sign...
The Canadian government has become a partner in Bombardier’s C Series airliner, funding the remaining development costs. The Canadian manufacturer made the announcement during the company’s third quarter investor relations call. Under the terms of the deal, the Canadian government will enter into a limited partnership with Bombardier, with the government taking a 49.5% equity sta...
Singapore Changi Airport handled 4.42 million passengers in September 2015, an increase of 3.9% year-on-year. Aircraft landings and takeoffs also grew by 5.3% to 28,460. On the cargo front, 155,100 tonnes of airfreight were processed last month, 4.9% higher than a year before. Changi Airport registered a total of 14.3 million passenger traffic movements during the July-September 2015 quarter, a...
The move upmarket of Air France’s products and services is gaining momentum. This week, the Company is increasing the number of destinations served by its new long-haul cabins by introducing them on 5 additional routes on departure from Paris-Charles de Gaulle. Customers can now enjoy optimum comfort during their trips to Buenos Aires, Montevideo, Boston, Bangalore and Osaka. These except...
With existing services to Buenos Aires, Sao Paulo, Toronto, Chicago, Houston, Los Angeles, New York, Washington, Boston, Montreal, and San Francisco, Turkish Airlines adds Miami to its network as the 12th destination in the Americas. “We’re thrilled to name Miami as the newest gateway in the U.S. and proud to serve to one of the most influential tourism centers in the world. Our glo...
Up to two weekly flights to Mauritius as of October 29, 2015 Demand from Austria for exotic holiday destinations continues to grow Austrian Airlines now offers flights to three destinations in the Indian Ocean: Mauritius, Maldives and Sri Lanka Starting today, Austrian Airlines has added a new long-haul destination in the Indian Ocean to its route network. Every Thursday the airline will...
B/E Aerospace, Inc., the world’s leading manufacturer of aircraft cabin interior products, today announced that the Company has been selected by a major international airline to outfit its new-buy wide-body aircraft with proprietary and unprecedented high-end super first class suites which will set a totally new standard for the first class travel experience. The deliveries are expected to b...
Virgin America (NASDAQ: VA) today reports its financial results for the third quarter of 2015. Key highlights from the third quarter include: Third quarter 2015 net income was $73.0 million excluding special items1, an increase of $31.3 million from the third quarter of 2014. Operating income and operating margin excluding special items were $75.0 million and 18.2 percent, respectively.&n...
Boeing and EL AL Israel Airlines agreed on an order today for up to nine 787 Dreamliners, valued at more than $2.2 billion at current list prices. Three of the orders will be added to Boeing’s Orders & Deliveries website on Nov. 5 and the remainder will be posted as further contractual requirements are finalized. EL AL will also lease six additional 787s from independent le...
WestJet launches twice-weekly service from Abbotsford to Las Vegas today, marking the 12th Canadian city with non-stop WestJet service to The Entertainment Capital of the World. “With more than 80 weekly flights from a dozen Canadian cities, WestJet and WestJet Vacations are big players in Las Vegas,” said John Weatherill, WestJet Director, Network and Schedule Planning. “In f...
(All amounts in this press release are in U.S. dollars unless otherwise indicated. Amounts in tables are in millions except per share amounts, unless otherwise indicated. This press release contains both IFRS and non-GAAP measures. Non-GAAP measures are defined and reconciled to the most comparable IFRS measures in the Corporation’s MD&A. See Caution regardi...
Arik Air, West and Central Africa’s largest airline, has increased frequency on the Lagos to Douala via Cotonou route from four to six weekly flights. The new schedule is aimed at further enhancing connectivity in the West Coast. The flights from Lagos to Douala via Cotonou and back will operate on Mondays, Tuesdays, Thursdays, Fridays, Saturdays and Sundays. Outbound flights from L...
Customers flying in First with British Airways will now be able to browse at their leisure through the airline’s new luxury in-flight magazine. In a first for in-flight magazines, the new-look First appears in a bespoke journal-like size with unique cover artwork and specially textured paper, giving it a book-like feel. The launch coincides with the unveiling of British Airways’...
Nexmo, the leading cloud communications platform company, today announced its Chat App API is empowering KLM to engage with Chinese customers on WeChat, the leading social communication platform, through Salesforce Service Cloud. KLM Royal Dutch airlines is now able to process and handle user inquiries from Chinese customers on WeChat more efficiently based on previous interactions with users o...
Iran is in talks with six countries, including Brazil, for purchase of new commercial aircraft to renovate the country's aviation fleet after the removal of sanctions, an official says. Executives of plane manufacturers from France, Brazil, Canada, Russia, Japan and China have traveled to Iran and introduced their products, Secretary of the Association of Iranian Airlines Maqsoud As...
Seven months after a pilot apparently crashed an airliner into a mountainside, killing himself and 149 other people, experts said better support for pilots with mental health disorders would do more to reduce the risk of pilot suicide than requiring that two people be in the cockpit at all times. Investigators believe co-pilot Andreas Lubitz deliberately crashed Germanwings A320 in France...
JetBlue officially got out of the cargo business about a week ago, and one of the factors leading to that business line’s cessation was the airline’s move to place — some would say cram — 15 additional seats into its fleet of Airbus A320 aircraft in the coach section starting in the second half of 2016. The multiyear project to increase the A320 seat numbers to 165, up f...
Happy customers alone don’t make airlines profitable, the International Air Transport Association (IATA) has found. During a special session on Cabin Trends during the recent IATA World Passenger Summit in Hamburg, Tim Jasper Schaff, Director Marketing and Sales for IATA, presented the results of a comprehensive passenger study, but could not prove any correlation between making pass...
Demand at Heathrow has continued to grow, with traffic up 2.3 per cent to a record 56.9 million passengers. Service quality was also ahead of other European hubs during a record summer, with five separate days where Heathrow welcomed over a quarter of a million passengers per day. Robust financial results saw revenue up 4.1 per cent to £2.1 billion and EBITDA up 4.4 per cent to £...
