Lufthansa"™s flight training school in Phoenix to update its fleet
Lufthansa Aviation Training (LAT) is scheduled to buy 25 new Cirrus SR 20 aircraft for its flight training school in Phoenix, Arizona. The total investment volume will amount to approximately EUR 11.5 million. Since the year 1972, trainee pilots at Lufthansa Aviation Training’s U.S. base have been acquiring their skills in single motor F33A Bonanza […]
Boeing, Malindo Air Celebrate First 737 MAX Delivery
Boeing (NYSE: BA) today marked the first delivery of the new 737 MAX. The airplane, a 737 MAX 8, was handed over to Malindo Air at the Seattle Delivery Center. The Malaysia-based airline will be the first to put the 737 MAX into commercial service. "This airplane will change the face of the single-aisle market," […]
Growing Fleet Lifts Copa Holdings’ Revenue Early in 2017
Copa Holdings (NYSE: CPA) is expanding its fleet, taking delivery of two 737s in the first quarter, upping the total fleet to 101 aircraft. And that’s helping growth along with rising demand for each seat the company has. The increased demand environment has been a boon for airlines recently, and as a low-cost operator, Copa […]
Aircraft depreciation, residual values and useful economic lives have shifted in the past 35 years says IBA
How realistic is depreciation of an aircraft over a 20 or 25 year life when aligned to a % of original cost? This was a question asked at a recent joint breakfast seminar entitled "˜Emerging Accounting and Valuation Challenge"™ hosted by KPMG Dublin and independent aviation consultancy firm IBA. Addressing a knowledgeable audience of airline, […]
Delta orders 30 additional A321s
Atlanta, Georgia (U.S.)-based Delta Air Lines has placed an incremental order for 30 firm A321ceo aircraft. This order follows three previous Delta orders for the Current Engine Option version of the largest Airbus A320 Family member. The airline took delivery of its first A321 in March of last year. Delta now has ordered a total […]
Mobil Jet Oil 387 Goes Fleet-Wide with Singapore Airlines
ExxonMobil announced today that Mobil JetTM Oil 387, a synthetic High Performance Capability (HPC) turbine engine oil, will be used in all of Singapore Airline"™ aircraft. Among the world"™s most awarded carriers, Singapore Airlines operates one of the youngest fleets in the aviation industry. Its fleet includes a range of Airbus and Boeing wide-body aircraft, […]
China Southern Airlines orders 20 Airbus A350 XWBs
China Southern Airlines has signed a purchase agreement with Airbus for 20 A350-900s, becoming the latest customer for the aircraft. China Southern Airlines now operates one of the largest Airbus fleet in the world with more than 300 Airbus aircraft in service, comprising the A320 Family, the A330 Family and five A380s. Tan Wangeng, President […]
New look, New York: British Airways unveils plans for JFK terminal 7
British Airways today unveiled details of its multi-million pound re-design for New York JFK Terminal 7, the airline"™s flagship US airport. New CGI images give customers a first glimpse of what the terminal will look like following a more than £52 million ($65 million) investment, which will transform the airport experience for the thousands of […]
TrueNoord closes financing facility for four Embraer E190 aircraft leased by AeroMexico and TUI (Jetairfly) Belgium
TrueNoord, the regional aircraft lessor, has closed the first tranche of a term financing facility with DVB bank and PK AirFinance of Luxembourg for four of the six Embraer E190 aircraft that it purchased from BOC Aviation in January with leases attached. These four aircraft are operated by AeroMexico and TUI (Jetairfly) Belgium. This new […]
FAA Forecasts Continued Growth in Air Travel
The FAA today released its annual Aerospace Forecast Report Fiscal Years 2017 to 2037, which projects sustained and continued growth in nearly every aspect of air transportation from general aviation private flying to large commercial airline passenger levels. In commercial air travel, Revenue Passenger Miles (RPMs) are considered the benchmark for measuring aviation growth. An […]
