Monthly Archives: July 2017

Airbus delivers its 100th A350 XWB to the customer

Airbus, the European Aircraft Building Concern, has delivered its 100th A350 XWB aircraft, just 30 months after the first delivery of the world’s most modern wide-body aircraft in December 2014. The recipient of the jubilee aircraft A350-900 was China Airlines, according to the Airbus Press Service.

Boeing reports strong second-quarter results; raises EPS and cash flow guidance

Boeing reports strong second-quarter results; raises EPS and cash flow guidance:

  • GAAP EPS of$2.89 and core EPS (non-GAAP)* of $2.55 on solid execution across the company
  • Strong operating cash flow of$5.0 billion; repurchased 13.6 million shares for $2.5 billion
  • Revenue of$22.7 billion reflecting 226 commercial and defense aircraft deliveries and services
  • Backlog grew to$482 billion, including $27 billion of net orders during the quarter
  • Increased guidance for GAAP EPS$0.75 and core EPS (non-GAAP)* $0.60 on improved performance and tax
  • Raised operating cash flow guidance by$1.5 billion and lowered capital expenditures guidance by $300 million

Airbus reduces its net profit by 34% in the Q2 2017

Airbus Group, the European aerospace corporation, has reduced its net profit by 34% in the Q2 2017 due to problems with the supply of aircraft. As reported in the company’s press release, its net profit amounted to EUR 895 million in April-June 2017, as compared to EUR 1.36 billion for the same period last year, according to Interfax, Russia.

Criminal case initiated in Kazakhstan, as Yak-12 plane crashes

A criminal case was initiated under the article “Violation of Safety Rules for the Movement or Operation of Rail, Air, Sea or River Transport, Resulting in the Death of Two or More Persons” on the fact of the Yak-12 plane crash in the Almaty region of Kazakhstan, as a result of which two people were killed, the Press Service of the Kazakhstan’s Main Transport Prosecutor’s Office reported RIA Novosti, Russia, on Thursday.

Tbilisi City Court did not return aircraft factory to its former owners

The Tbilisi City Court did not satisfy the claim of formerly Tbilisi Aircraft Factory JSC shareholders demanding from the Economic Development Ministry of Georgia and the National Agency of State Property to return the company to them, as it was withdrawn by then the President of Georgia  Mikhail Saakashvili in 2010, according to Interfax.

Tajikistan studies validity of jet fuel and air tickets’ prices

The working interdepartmental commission under the Ministry of Transport of Tajikistan currently studies validity of the established prices for air tickets and jet fuel for the needs of airlines, the country’s Antimonopoly Service told journalists today.

Avia Traffic Company operates its first flight to Turkey’s Istanbul

On the last Monday, July 24, 2017, Avia Traffic Company, Kyrgyzstan, operated its first flight to the Ataturk International Airport, Istanbul, Turkey.

Kazakhstan’s Ministry of Investments and Development names preliminary cause of Yak-12 air crash

Zhanibek Taizhanov, Director, Transport Accidents and Incidents Investigation Department,  Ministry of Investment and Development, Kazakhstan, commented on the crashed Yak-12 aircraft belonged to Kazavia Airlines LLP, Kazinform reports with reference to this Department.

New details appear, as plane crashed in Almaty region of Kazakhstan

The crashed Yak-12 plane had all the permits, and the last flight was coordinated with the air authorities, according to the Kazinform News Agency, Kazakhstan.

Operation of all Yak-12 aircraft suspended in Kazakhstan until air crash causes clarified

Before finding out the causes of the plane’s air crash in the Almaty Region of Kazakhstan, operation of all Yak-12s has been suspended. This decision was made by the Civil Aviation Committee under the Ministry of Investment and Development, Kazakhstan, according to the Kazinform News Agency, Kazakhstan.