Airbus takes off in China with Willis
Airbus has appointed Willis Group Holdings as the insurance broker for a new Airbus A320 final assembly line in Tianjin, China
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24 January 2008
GATX Corporation reports 2007 fourth quarter and full-year results
GATX Corporation reported 2007 fourth quarter and full-year results. In the 2007 fourth quarter, income from continuing operations was $41.4 million compared to $28.7 million in the fourth quarter of 2006. Income from continuing operations for the full-year 2007 was $185.8 million compared to $151.4 million per diluted share in the prior year.
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Northrop Grumman reports fourth quarter 2007 income of $457 million
Northrop Grumman Corporation reported fourth quarter 2007 income from continuing operations of $457 million unchanged from $457 million in the fourth quarter of 2006. Fourth quarter 2006 income from continuing operations included a pre-tax gain of $111 million on the sale of approximately 9.7 million shares of TRW Automotive common stock. For 2007, income from
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Alaska Air Group reports full year net income of $125 million
Alaska Air Group reported full year net income of $125.0 million compared to a net loss of $52.6 million in 2006. The company reported fourth quarter net income of $7.4 million compared to a net loss of $11.6 million in 2006.
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US Airways reports annual profit of $427 million
US Airways Group reported its fourth quarter and 2007 results. Net loss for the fourth quarter was $79 million, compared to a net profit of $12 million for the same period last year. Excluding net special items of $37 million, the Company reported a net loss of $42 million for its fourth quarter 2007. For
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Textron's Cessna launches large cabin citation business jet
Cessna Aircraft Company reported it will proceed with developing a large cabin, intercontinental aircraft to add to the top of its line of Citation business jets. The Textron Board of Directors gave Cessna the approval for the program during the board
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Lockheed Martin announces 2007 fourth quarter and year-end results
Lockheed Martin Corporation reported fourth quarter 2007 net earnings of $799 million, compared to $729 million in 2006. Net sales were $10.8 billion in both the fourth quarter of 2007 and 2006. Cash from operations for the fourth quarter of 2007 was $420 million, compared to $333 million in 2006. Net earnings for the year
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Hong Kong Airlines selects Rolls-Royce Trent 700 for new A330 fleet
Hong Kong Airlines has chosen Rolls-Royce Trent 700 engines to power its new fleet of 20 Airbus A330-300s. Including a TotalCare long-term services agreement, the value of the business is around $1.2 billion at list prices. Deliveries start in 2010. The announcement maintains the Trent 700
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Boeing appoints engineering and technology leader in India
Boeing released that Naveed Hussain will serve in India as its Vice President of Engineering and Technology. Hussain will report to Boeing’s Office of Technology and to Ian Thomas, president of Boeing India. He will be based out of Boeing’s India headquarters in New Delhi.
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BAE Systems announces improved spares support service for Jetstream 31/32
BAE Systems Regional Aircraft announces the appointment of Saywell International as its sole distributor of spares for the Jetstream 31/32 regional turboprop aircraft. The agreement comes into force from February 4, 2008. BAE Systems itself will continue to provide full technical and continued airworthiness support and delivery of technical publications to the Jetstream 31/32 fleet.
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