Air and Travel NEWS

Air Lease reports Q3 2018 revenue of USD 451m

Air Lease Corporation (ALC) (NYSE: AL) has announced that in the third quarter 2018, revenues were USD 451m, an increase of 19.6%, the company said. Diluted earnings per share were USD 1.32 for … Continue reading “Air Lease reports Q3 2018 revenue of USD 451m”


ATSG completes acquisition of Omni Air

Air Transport Services Group, Inc. (NASDAQ: ATSG) has announced the acquisition of passenger ACMI and charter services provider Omni Air International LLC (Omni Air), along with related entities, for USD 845 million, the … Continue reading “ATSG completes acquisition of Omni Air”


SAP collaborates with Singapore Airlines to boost corporate travel visibility for business

SAP SE (NYSE: SAP) has announced it is collaborating with Singapore Airlines (SIA) to boost travel visibility for enterprises, the company said. SIA is the first Asia-based carrier to sign an agreement with … Continue reading “SAP collaborates with Singapore Airlines to boost corporate travel visibility for business”


AAA reports 4.27m Americans expected to travel by air at Thanksgiving

AAA has announced 2018 Thanksgiving holiday travel forecast for air travel includes 4.27 million travels, a 5.4% increase over 2017, the company said. 54.3 million Americans will travel 50 miles or more away … Continue reading “AAA reports 4.27m Americans expected to travel by air at Thanksgiving”


Hainan Airlines to purchase GE engines worth USD 79m

Hainan Airlines Holding Co., Ltd. has announced it has signed two memorandums of understanding (MOUs) with General Electric (GE) worth approximately USD 79 million, to buy two types of engines from the American … Continue reading “Hainan Airlines to purchase GE engines worth USD 79m”


Longview Aviation acquires Dash 8 from Bombardier

Viking Air Limited parent company Longview Aviation Capital Corp. has announced it has agreed to acquire the Dash 8 program, including the 100, 200 and 300 series and the in-production Q400 program from … Continue reading “Longview Aviation acquires Dash 8 from Bombardier”


Fly Leasing reports USD 20.7m in Q3 2018 net income

Fly Leasing Limited (NYSE: FLY), an aircraft leasing company, has reported net income of USDS 20.7 million in third quarter 2018, or USD 0.68 per share, compared to a net loss of USD … Continue reading “Fly Leasing reports USD 20.7m in Q3 2018 net income”


Azul reports BRL117 in Q3 2018 net income

Brazil-based airline Azul S.A., (B3:AZUL4)(NYSE:AZUL) has reported third quarter net income of BRL116.6 million, compared to BRL 199.2 million, the company said. Financial and operating highlights for the third quarter 2018 include: -Operating … Continue reading “Azul reports BRL117 in Q3 2018 net income”


Azul, Copa Airlines agree to new codeshare to connect airlines

Azul Brazilian Airlines and Copa Airlines have announced they have cooperated to offer a new agreement that will connect the two largest route networks in Latin and South America, the company said. As … Continue reading “Azul, Copa Airlines agree to new codeshare to connect airlines”


HES Energy launches HYCOPTER multi-rotor drone

HES Energy Systems has announced it has launched HYCOPTER, an industrial-grade multi-rotor drone designed for large-scale industrial maintenance inspections, the company said. HES has a long-standing reputation for producing the world´s lightest and … Continue reading “HES Energy launches HYCOPTER multi-rotor drone”


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