Aiming to increase its capacity for raising finance, cash-strapped HNA Group will make Hainan Airlines the owner of all of its stakes in mainland Chinese air carriers.
Air Lease Corp. (ALC) received a $354 million benefit from the December 2017 U.S. tax reform legislation, pushing the Los Angeles-based commercial aircraft lessor to a $756.2 million net profit for 2017, more than doubling ALC’s $375 million net income in 2016.
Long-haul LCC operators may struggle to turn regular profits amid seasonal variances and competitive pressures, but so long as these airlines have strategies that help balance marketplace realities, the business model has staying power, Air Lease Corp. (ALC) executives contend.
The UK Department for Transport is allowing the resumption of direct cargo flights between Bangladesh and the UK, citing improvements to security at Dhaka Shahjalal International Airport (DAC).
Aero Engine Corp. of China (AECC) aims at achieving certification for its engine for the COMAC C919 narrowbody airliner in 2027, said an industry source close to the company.
To list an event, send information in calendar format to Donna Thomas at [email protected]. For a complete list of Aviation Week Network’s upcoming events, and to register, visit www.aviationweek.com/events (Bold type indicates new calendar listing.) Feb. 26-28—National Business Aviation Association Leadership Conference, Loews Coranado Bay Resort, San Diego, California, nbaa.org/events/leadership/2018/
Emirates Airline plans to resume A380 service between Dubai and Houston Intercontinental beginning June 1, after the increase in oil prices improved the route’s viability.
Dublin-based Avolon—which in 2017 vaulted into the top three global aircraft lessors with its purchase and integration of CIT Group’s aircraft leasing business—reported a $550 million profit for the year, a 59.4% rise over its $345 million profit after tax in 2016.
InterCaribbean Airways continues to expand its network and will soon boost capacity with the addition of its first two Embraer ERJ145 regional jets, with two more to follow, its top executive told Aviation Daily.
Hawaiian Airlines acknowledged it is experiencing a further operational and planning disruption because of Airbus A321neo delivery delays related to issues with the Pratt & Whitney PW1100G geared turbofan (GTF) engine. The carrier has had to remove two seasonal flights from its summer schedule and defer the start of a new route because of the A321neo delays. Hawaiian currently operates two A321neos, but was relying on further deliveries to start the affected flights.
The facility will supplement Guangzhou Baiyun International Airport, which has a designed capacity of 60 million passengers a year and is being expanded to 80 million; in 2017 it handled 65.8 million.
The latest factory is in Querétaro, Mexico, and follows joint Leap factories opened by Safran and Albany in Rochester, New Hampshire, and Commercy, France, in 2014.
The FAA has ordered inspectors to stop asking airlines and repair stations to submit data that supports the agency’s new certificate oversight methodology following industry input that the process doesn’t have required higher-level government approval.
Encouraged by much-improved results across all of its airline units and a robust unit revenue performance, International Airlines Group (IAG) plans to expand capacity significantly in 2018. But investors are expressing concern about the plan.
International Airlines Group (IAG) is reviewing the future fleet composition of its new long-haul LCC Level now that the airline has produced encouraging results in its first seven months of flying.
International travelers to Thailand increased by 9% in 2017 to 35.4 million, and the Thai government projects the total will rise to more than 37 million this year.
Qatar Airways is keeping a close eye on supersonic transport projects as a hoped-for next step in luxury air travel, CEO Akbar Al Baker said on the sidelines of the carrier’s first Airbus A350-1000 delivery here Feb. 20.
LATAM Airlines Group is more than one year into its new business model aimed at increasing competitiveness against ULCC competitors; the next step involves examining particular aspects of its maintenance strategy.
