China Southern orders 20 A350-900 aircraft

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Published: April 26, 2017

China Southern Airlines has placed an order for 20 Airbus A350-900 aircraft in an effort to facilitate its rapid international expansion. According to a filing released by the Shanghai Stock Exchange April 26, the deal is worth $ 6 billion at list prices. The 20 A350s will be delivered between 2019 and 2022. Six are […]

Allegiant Air posts $41.6 million net profit in 1Q

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Published: April 26, 2017

Las Vegas-based Allegiant Travel Co., parent of low-cost carrier (LCC) Allegiant Air, reported first-quarter 2017 net income of $ 41.6 million, down 42.2% from a $ 72 million profit in 1Q 2016. First-quarter revenue rose 7.8% to $ 375.8 million, while expenses rose 33.2 % to $ 302.9 million, producing an operating profit of $ […]

Allegiant Air posts $41.6 million net profit in 1Q

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Published: April 26, 2017

Las Vegas-based Allegiant Travel Co., parent of low-cost carrier (LCC) Allegiant Air, reported first-quarter 2017 net income of $ 41.6 million, down 42.2% from a $ 72 million profit in 1Q 2016. First-quarter revenue rose 7.8% to $ 375.8 million, while expenses rose 33.2 % to $ 302.9 million, producing an operating profit of $ […]

Boeing 1Q net profit up 19% to $1.5 billion

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Published: April 26, 2017

Boeing reported a first-quarter 2017 net profit of $ 1.5 billion, up 18.9% over net income of $ 1.2 billion in the 2016 March quarter, even as revenue fell 7.3% year-over-year (YOY) to $ 21 billion. The company’s first-quarter expenses decreased 9.6% YOY to $ 17.3 billion and operating income was $ 2 billion, up […]

Lessor SMBC Aviation Capital orders three Boeing 737-800s

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Published: April 25, 2017

Dublin-based aircraft lessor SMBC Aviation Capital has placed a direct order with Boeing for three 737-800s, bringing its total owned, managed and committed portfolio for 737-800s to 198. Two of the three new aircraft will be placed on lease with Japanese airline All Nippon Airways.  The remaining aircraft will be placed on lease over the […]

Chorus Aviation Capital to buy six ATR 72-600s from Avation PLC

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Published: April 25, 2017

Halifax-based Chorus Aviation Capital, the leasing arm of Chorus Aviation, will acquire six ATR 72-600 turboprops with attached leases from Singapore-based lessor Avation PLC. Chorus Aviation is the parent company of Canadian regional carrier Jazz Aviation. Three of the 72-600s are on lease with UK-based regional carrier Flybe; the other three aircraft are leased to […]

Lessor SMBC Aviation Capital orders three Boeing 737-800s

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Published: April 25, 2017

Dublin-based aircraft lessor SMBC Aviation Capital has placed a direct order with Boeing for three 737-800s, bringing its total owned, managed and committed portfolio for 737-800s to 198. Two of the three new aircraft will be placed on lease with Japanese airline All Nippon Airways.  The remaining aircraft will be placed on lease over the […]

Flydubai to add three seasonal routes

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Published: April 25, 2017

Dubai-based low-cost carrier (LCC) flydubai said it will launch new seasonal flights from Dubai to Batumi (Georgia), Qabala (Azerbaijan) and Tivat (Montenegro). The new services will operate from June to September 2017, expanding its network to 93 destinations in 44 countries. CEO flydubai Ghaith Al Ghaith said the decision to launch the seasonal routes to […]

JetBlue 1Q profit down 59%; rising costs drive Airbus fleet changes

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Published: April 25, 2017

JetBlue Airways has changed 11 Airbus A321neo deliveries in 2018 to 11 A321ceo deliveries, and is deferring the delivery of another 13 Airbus aircraft. Additionally, the New York-based carrier is taking a “hard look” at its fleet of 60 Embraer E190s and 24 E190s scheduled for delivery from 2020-2022, and is considering removing the aircraft […]

Alitalia nears bankruptcy as staff rejects rescue plan

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Published: April 25, 2017

Italy’s national airline Alitalia has been plunged into crisis after staff refused to back a rescue plan proposed by shareholders and banks. The 11,400-strong workforce had to agree to a new package of cuts, including some 980 redundancies and an 8% pay cut for flight deck and cabin crew members, for a €2 billion ($ […]

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