Alcoa acquires two aerospace fastener businesses
Alcoa has acquired Republic Fastener Manufacturing Corporation (
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12 March 2008
Lufthansa posts record result in 2007
Deutsche Lufthansa AG posted record figures for profit and revenue in 2007 for the second year in a row. The Group profit after taxes was 1.7 billion euros; more than double of the previous year. Revenue during the last year increased by 13% to 22.4 billion euros. The operating profit also climbed to a new
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Iberia reports lower load factor for February
Iberia reported that capacity increased by 4.1% in February 2008 and traffic grew by 2.6% compared to the same month in 2007. The load factor for February was reported at 79.1%, down 1.2 pts compared to February 2007.
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Board of Austrian Airlines supports participation by Sheikh Mohamed Bin Issa Al Jaber
At its meeting on 12 March 2008, the Supervisory Board of Austrian Airlines AG acknowledged the participation of the Saudi-Arabian Austrian businessman Sheikh Mohamed Bin Issa Al Jaber in Austrian Airlines AG by way of a capital increase with full subscription rights of the existing shareholders. At the annual shareholders
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Austrian to replace five 50-seat aircraft with five 80-100-seaters
The Austrian Airlines Group is aiming at a reduction of the Canadair CRJ fleet in the medium-term, in order to partially replace these 50-seat aircraft with 80-100-seat aircraft. For this, a Canadair CRJ should be handed over and be replaced with an additional Fokker 100. Furthermore, two Canadair CRJs and both of the currently oldest
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MNG Technic signs new maintenance contracts
MNG Technic has signed an agreement with Air Slovakia for its one Boeing 737 and one Boeing 757 type aircrafts
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Aviall to establish business operations in India
Aviall, a wholly owned Boeing subsidiary, plans to open a business office in India during the second half of 2008. Aviall is one of the largest providers of new aviation parts and related aftermarket services in the aerospace industry. Aviall’s India operation will serve the rapidly growing Indian aviation industry and be headquartered near New
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CIT Places order for new Airbus aircraft
CIT Group, a leading global commercial finance company, announced that CIT Aerospace, a unit of CIT, has signed contracts with Airbus for 20 new aircraft (fifteen A320 family aircraft and five A330) worth approximately $1.9 billion at list prices. The aircraft are scheduled to be delivered beginning in 2011 and continue through 2014. Including this
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