Tag: aviation industry

Lufthansa Shareholders Get 1.5 Million New Shares As Dividend

Reading Time: < 1 minute Deutsche Lufthansa AG offered its shareholders the option of receiving their dividend of EUR 0.50 per share in the form of new shares in the Company. The opportunity was selected for around 68 million shares. At a subscription ratio of 46.4:1, a total of about 1.5 million new shares will be issued. The cash payment […]

Russia May Supply 1,000 MC-21 Planes To 2037

Reading Time: < 1 minute Russia may supply 1,000 of its newest MC-21 planes to 2037, Minister of Industry and Trade Denis Manturov said on Sunday. “Meeting the announced technical and economic criteria, organization of the effective modern integrated logistic support and after-sale service, as well as formation of attractive financial sales models will mean reaching the total supplies of […]

Russian Aviation Industry – The Results of 2016

Reading Time: 5 minutes In 2016, the Russian economy continued crisis, complicated by low energy prices and the continuation of financial and economic sanctions. Key economic indicators (according to the Federal State Statistics Service) in relation to 2015: Gross domestic product – 99.3%, industrial production index – 101.1%, production index by type of activity “Manufacturing” – 100.1%. The production […]

Aviation Industry Looks To Parts Automation

Reading Time: < 1 minute Aviation companies are increasingly exploring automated systems in areas such as parts tracking in the warehouse, but are met with implementation challenges. Satair, the wholly owned Airbus aftermarket logistics subsidiary, is started investing heavily in re-automation throughout its network with new systems introduced at its Ashburn facility last year. Development of systems are ongoing in […]

WestJet to Purchase Boeing 787-9 Dreamliners

Reading Time: 2 minutes WestJet announced today a definitive purchase agreement with The Boeing Company for up to 20 Boeing 787-9 Dreamliner aircraft. This agreement includes commitments for 10 Boeing 787-9 aircraft to be delivered between the first quarter of 2019 and December 2021, with options for an additional 10 aircraft to be delivered between 2020 and 2024. The […]

Embraer Releases First Quarter 2017 Results

Reading Time: 4 minutes The Company’s operating and financial information is presented, except where otherwise stated, on a consolidated basis in United States dollars (US$) in accordance with IFRS. The financial data presented is for the quarters ended March 31, 2016 (1Q16), December 31, 2016 (4Q16) and March 31, 2017 (1Q17), are derived from the unaudited financial statements, except […]

Airbus Employees Put a Smile On The BelugaXL’s “Face”

Reading Time: 2 minutes Smile, it’s often said, and the world smiles with you. If true, the world will soon find itself grinning ear to ear, but it still won’t match the BelugaXL’s supersized expression of joy. With the first of five next-generation oversize cargo airlifters slated to enter service in 2019, Airbus asked its employees to select how […]

Slowing Aircraft Sales Sees Boeing Lay Off More Engineers

Reading Time: < 1 minute Following on from the announcement that 245 workers are to be laid off on May 19 after action taken by Boeing in January and March this year, the commercial airplanes unit has warned employees that hundreds more engineers are likely to be affected by another round of involuntary layoffs. It is understood these will begin […]

Airbus BelugaXL Hits The Road In Toulouse

Reading Time: 2 minutes The first large sections of Airbus’ next generation new transport aircraft, the BelugaXL, have arrived at the aircraft Final Assembly facility (L34) in Toulouse. Following a five night long road convoy from Aernnova’s factory in Berantevilla, north eastern Spain, the panels (two laterals, one central) are required to complete the rear section of the BelugaXL. […]

Delta 1Q Profit Down 36%; Recent Disruption to Cost $125 Million

Reading Time: 2 minutes Delta Air Lines reported a first-quarter 2017 net profit of $603 million, down 36% from net income of $946 million in the prior-year period, as fuel prices rose sharply year-over-year. The Atlanta-based carrier said it expects to take a $125 million hit in reduced pre-tax income in the second quarter from the 4,000 flight cancellations […]