Southwest Airlines’ Board of Directors authorized a new share repurchase program to acquire up to $500 million of the Company’s common stock. Based on yesterday’s close price of $12.08, this represents approximately 41 million shares of common stock.
Continental Airlines reported 2007 pre-tax income (net income before income taxes and cumulative effect of change in accounting principle) of $566 million, up 53 % over 2006 pre-tax income of $369 million. Excluding $24 million of previously announced pre-tax special items, Continental’s pre-tax income for the full year was $542 million, a 78 % improvement …
Continental Airlines reports full year 2007 pre-tax income of $566 million Read More »
Geneva-based PrivatAir announced an order for one Boeing 787-8 VIP airplane, a purchase-right exercise from PrivatAir’s initial 787 order in 2006. This latest order is valued at $162 million. Through this agreement, PrivatAir has two 787s on order and has secured an additional purchase right.
Qantas said that the three-month delay of the 787 Dreamliner announced by Boeing would now see Jetstar not take delivery of its first B787 before May 2009. The Chief Executive Officer of Qantas, Mr Geoff Dixon, said that while the delay would affect Jetstar’s international expansion in the short term, there would be no effect …
Qantas says B787 delay has no impact on Group earnings Read More »
Spirit AeroSystems will continue to work with Boeing to assess the 787 program schedule. Spirit President and CEO Jeff Turner said, “Although the additional delays in first flight and first delivery are disappointing for all of us, I continue to be pleased with Spirit’s overall performance on the program. Specifically, our structures’ design/build efforts are …
Spirit AeroSystems assessing impact of 787 schedule shift Read More »
Lockheed Martin has signed a contract with the Government of Canada valued at $1.4 billion for the purchase of 17 C-130J Super Hercules airlifters and related equipment and services. The Canadian Forces’ new Super Hercules will be the longer fuselage or “stretched” variant of the C-130J, similar to those being delivered to the U.S. Air …
Lockheed Martin Receives $1.4 billion contract for 17 C-130J Super Hercules aircraft Read More »
Finnair has appointed as Vice President, Sustainable Development, Kati Iham
Snecma Propulsion Solide has made a firm commitment to expanding the use of its composite materials to the aviation sector. Reflecting this new strategic direction, on January 1st the company created an Aeronautics and Composites division, headed by Olivier Le Merrer and reporting to the Chairman and CEO. Snecma Propulsion Solide intends to leverage its …
Snecma Propulsion Solide creates aeronautics and composites division Read More »
LOT Polish Airlines has signed a firm order with Embraer for an additional 12 EMBRAER 175 jets, plus two options and ten purchase rights. The total value of the agreement is $ 372 million, based on January 2007 economic conditions, and could come to $ 744 million, if all options and purchase rights are confirmed. …
LOT Polish Airlines adds 12 more Embraer 175 jets Read More »
