Air and Travel NEWS

Aircastle completes a USD120m senior unsecured term loan

Aircastle Limited (NYSE: AYR) has completed a USD120 million senior unsecured term loan with a group of seven Japanese financial institutions led by Development Bank of Japan, which served both as the transaction … Continue reading “Aircastle completes a USD120m senior unsecured term loan”

Gulfstream Fleet grows in Greater China

Gulfstream Aerospace said its fleet in Greater China (China, Hong Kong, Macau, Taiwan) has grown to more than 165 aircraft and makes up more than half of the Asia-Pacific fleet, the company´s largest … Continue reading “Gulfstream Fleet grows in Greater China”

Gulfstream G500, G600 achieve program milestones

Gulfstream Aerospace Corp. has joined the wing to the fuselage on the first Gulfstream G600 flight-test article, signifying steady progress in the G600 program, the company said. As production continues for the G600, … Continue reading “Gulfstream G500, G600 achieve program milestones”

Virgin America traffic up 14.6% YoY

Virgin America Inc. (NASDAQ: VA) has reported its preliminary operational results for March 2016, the company said. The airline´s traffic (measured in revenue passenger miles) increased 14.6 percent on capacity (measured in available … Continue reading “Virgin America traffic up 14.6% YoY”

Saker Aviation Services operating income up 10.8%

Saker Aviation Services, Inc. (SKAS) operating income from continuing operations increased by 10.8 percent to USD1,918,696 on revenues of USD15,974,307, which were down 2.7 percent, as compared with USD1,740,845 in operating income and … Continue reading “Saker Aviation Services operating income up 10.8%”

Union wants more TSA officers

The Transportation Security Administration must hire additional officers to alleviate long lines at Seattle-Tacoma International Airport and other airports across the country, the head of the union representing Transportation Security Officers said. “Reports … Continue reading “Union wants more TSA officers”

Copa Holdings March traffic up 3.4%

Copa Holdings, S.A. (NYSE: CPA) said that for the month of March 2016, Copa Holdings´ system-wide passenger traffic (RPM) increased 3.4 percent year over year, while capacity decreased 0.5 percent. As a result, … Continue reading “Copa Holdings March traffic up 3.4%”

J.B. Hunt Transport CMO gets award

J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) announced Chief Marketing Officer Shelley Simpson was named the recipient of the 2016 “Distinguished Women in Logistics” Award at the Transportation Intermediaries Association´s (TIA) 2016 “Capital … Continue reading “J.B. Hunt Transport CMO gets award”

Argosy to expand aerospace material manufacturing

Argosy International Inc. has started construction of its new 2,300 square-meter manufacturing facility located at No. 33, Jing 3rd Road, Wuqi District, Taichung City, Taiwan (R.O.C.), the company said. The new facility is … Continue reading “Argosy to expand aerospace material manufacturing”

Bombardier, Tianjin Airport maintenance facility progresses toward opening

Bombardier Business Aircraft and its partner Tianjin Airport Economic Area (TAEA) said their new maintenance facility in Tianjin, China, is 90 percent complete, and the facility will be operated using similar processes and … Continue reading “Bombardier, Tianjin Airport maintenance facility progresses toward opening”

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