Mark Nensel

Mark
Nensel
Americas Editor,
Air Transport World

Articles

Nok Air Boeing 737-800
Thailand’s Nok Air 2Q revenue growth hampered by rising fuel costs
Rising fuel expenses, combined with the cost of operating new international routes, were behind Thailand LCC Nok Air’s THB749 million ($22 million) net loss for the 2017 second quarter, narrowed from a THB864 million net loss in 2Q 2016.
Atlas Air Boeing 747-400F
Atlas Air expands transpacific flying for Nippon Cargo Airlines
Purchase, New York-based air cargo operator Atlas Air Worldwide Holdings will operate a second Boeing 747-400 freighter for Japan’s Nippon Cargo Airlines (NCA) beginning Sept. 1, the two companies said Aug. 22.
El Al 2Q net profit hit by labor costs, rising competition
Second-quarter 2017 net earnings for El Al Israel Airlines fell 53.1% year-over-year (YOY) to $16.4 million, a drop from $35 million in the year-ago quarter, as the airline “had to cope with the huge growth in competition at [Tel Aviv’s] Ben Gurion Airport,” according to El Al CEO David Maimon.
FAA awards new grants for New Orleans, Philadelphia, Atlanta airports
A new international commercial service airport in Williston, North Dakota received a boost Aug. 21 when FAA awarded $20 million in discretionary funds toward the project, as part of the US Department of Transportation (DOT)’s latest airport improvement program (AIP) grants.
Shree Airlines CRJ200
Nepal’s Shree Airlines launches passenger jet service with CRJs
Nepal carrier Shree Airlines has launched commercial passenger jet service following its acquisition of three Bombardier CRJ Series aircraft.
LATAM Boeing 787-9
Cuts in capacity, fleet push LATAM to record 2Q operating profit
LATAM Airlines Group’s route capacity and fleet management efforts, combined with a 10.6% rise in passenger revenues, helped to push its 2017 second-quarter operating profits to a company record of $48.2 million, compared to $1.3 million for 2Q 2016.
Rendering of 777X
Boeing expands Helena site for 777X parts production
Boeing’s Helena, Montana, manufacturing site is set to install new machinery for manufacturing critical titanium parts for 777X production, the US manufacturer said Aug. 17.
Korean Air 787-9
Korean Air sees steep drop in China traffic in 2Q
After receiving its third Boeing 787-9 in July, Korean Air launched 3X-weekly service between Incheon-Madrid and 4X-weekly service between Incheon-Beijing in early August.
Hawaiian Airlines Airbus A330-200
Hawaiian to swap 767-300ERs for A330-200s on Sapporo route
Hawaiian Airlines will introduce Airbus A330-200s on its Honolulu-Sapporo New Chitose Airport (CTS) route on Feb. 1, 2018, the airline announced Aug. 17.
FAA 2017 airport improvement grants top $2.1 billion to-date
FAA has announced $2.1 billion in airport improvement program (AIP) grants thus far in 2017, covering 1,351 grants to over 1,200 US airports, according to the US Department of Transportation (DOT).
Aeromexico Boeing 777-200
Aeromexico, El Al Israel Airlines launch codeshare
Aeromexico and El Al Israel Airlines launched a new codeshare agreement Aug. 15.
Avianca Boeing 787-8
Avianca raises earnings guidance on improved 2Q revenue, traffic
Citing significant second-quarter gains in yield, operating income, revenue and traffic, Colombia’s Avianca Holdings raised its full-year EBIT margin guidance to between 7%-9%, up one point from 1Q 2017, the company reported Aug. 15.
US Lessor ACG reports $891 million benefit from tax status conversion
California-based aircraft lessor Aviation Capital Group’s (ACG) tax status conversion in late March provided a substantial tax benefit to its overall equity, propelling ACG to an $887.5 million net profit for the first half of 2017, compared to $37.6 million in net profit for the same period in 2016.
Rendering of 737 MAX 7 and -8 in Air Lease livery
Air Lease Corp. bookings boost Boeing’s July orders above $4 billion
Air Lease Corp. (ALC) provided the bulk of Boeing’s commercial aircraft* orders in July, as the US manufacturer booked firm orders for 14 aircraft from the Los Angeles-based lessor, valued at approximately $1.8 billion at list prices.
Ireland’s FLY Leasing builds toward $750 million acquisition goal
Dublin-based FLY Leasing continued to boost its fleet and shore up equity in the second quarter, aiming to meet its $750 million acquisition goal by the end of 2017.