UAL Corporation reported that it reached an agreement in principle with its Mileage Plus co-branded bank card partner, Chase Bank U.S.A., N.A. (“Chase”), and Paymentech, one of its credit card processors, to extend the term of their respective agreements. As part of the transaction, United will receive a payment of $600 million from Chase, which […]
United Airlines reaches agreement in principle to enhance liquidity Read More »
The Boeing Company’s second-quarter earnings per share decreased 14% to $1.16 per share, on revenue of $17.0 billion and an operating margin of 7.4%. Results were affected by the previously disclosed charge for the Airborne Early Warning & Control (AEW&C) program and lower profitability due to mix and timing in Commercial Airplanes, partially offset by
Boeing reports second-quarter financial results, reaffirms guidance Read More »
B/E Aerospace has been selected by a major global airline to outfit their new-buy wide-body aircraft with premium class seating. The award is initially valued at more than $140 million.
B/E Aerospace selected to outfit new wide-body aircraft with premium class seating Read More »
Satyam Computer Services, a leading global consulting and information technology services provider, has signed an agreement with Infospectrum to provide enhanced service to operators, third-party maintenance, repair and overhaul (MRO) and component repair providers in the global aviation industry. Headquartered in Los Angeles, Infospectrum provides custom and packaged software to global customers in the aviation,
Satyam and Infospectrum partner to enhance MRO services for aviation companies Read More »
FirstFlight has signed a definitive purchase agreement to acquire charter operator, New World Jet Corporation. The combined operations are expected to significantly expand FirstFlight
FirstFlight to acquire New World Jet Corporation Read More »
Northwest Airlines reported a second quarter 2008 net loss of $377 million, or $1.43 per share. Reported results include a net non-cash impairment charge of $547 million and a $250 million gain associated with marking-to-market out-of-period fuel hedges. These results compare to the second quarter of 2007 when Northwest reported net income of $2.1 billion,
Northwest Airlines reports second quarter loss of $377 million Read More »
