SAFRAN released its results for the six months ended June 30, 2008. SAFRAN reported revenues of EURO 5,057 million, up 2.8% on first-half 2007, or 14.8% like-for-like (based on a constant group structure and exchange rates). Profit from operations was EURO 474 million. Profit from recurring operations totaled EURO 328 million (versus EURO 381 million […]
SAFRAN releases its first-half 2008 results Read More »
AAI Acquisition, a U.S. company and the successor to the former Adam Aircraft Industries, reported that significant steps have been made in its plan to resume operations. Key to the comeback is the naming of veteran aviation executive Jack Braly as the new president and CEO of the company. AAIA purchased the assets and intellectual
A700 VLJ on track for FAA certification Read More »
ANA Group reported consolidated revenue of 345.5 billion yen and operating income of 14.6 billion yen for the first quarter of fiscal year 2008, ended June 30, a drop of 1.2% and increase of 10.5% respectively. Net income decreased 92.4% year-on-year to 6.6 billion yen, accounted for by an extraordinary gain on the sale of
ANA reports profitable start to fiscal year 2008 Read More »
Spirit AeroSystems Holdings reported second quarter 2008 financial results reflecting revenue and earnings growth across the company as ship set deliveries for large commercial aircraft increased and lower period expenses were realized. Spirit’s second quarter 2008 revenues increased to $1.1 billion, up 11% from the same period last year. Operating income increased 33%t to $136
Spirit AeroSystems raises full-year 2008 EPS guidance Read More »
For the quarter ended June 30, 2008, Genesis Lease Limited reported net income was $9.0 million. During the quarter, two B737-700 aircraft in Genesis’s portfolio were returned from Aloha Airlines, as a result of the airline’s bankruptcy. The pre-tax impact of the early termination of the Aloha leases was $1.4 million, consisting of $2.5 million
Genesis Lease Limited announces second quarter 2008 results Read More »
FedEx Express has launched its inaugural revenue flight using a Boeing 757 freighter. The new route provides reliable cargo service between the Memphis International Airport (MEM) and the Ronald Reagan Washington National Airport (DCA) eight times per week. This FedEx Boeing 757 flight into DCA also serves a new airport for FedEx, further extending the
FedEx Express introduces fuel efficient Boeing 757 to aircraft fleet Read More »
Piper Aircraft reported that its revolutionary PiperJet — the first pure, jet-powered, turbofan design in the company’s 71-year history — made its first flight July 31st, from Piper Headquarters in Vero Beach, Fla. The PiperJet flew for one hour, reaching a maximum altitude of 10,500 feet and a speed of 160 KTAS as per the
PiperJet makes historic first flight Read More »
The Boeing Company announced that its Fabrication manufacturing facility in Salt Lake City, Utah, has been awarded an ISO 14001 environmental management system certification from Det Norske Veritas, an accredited certification body of quality, environmental and safety management systems. ISO 14001 confirms Boeing’s Salt Lake City facility has a certified system in place to monitor,
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Hawaiian Holdings reported a consolidated net income for the three months ended June 30, 2008 of $54.3 million on total operating revenue of $319.2 million. This compares to a net loss of $3.9 million for the three months ended June 30, 2007. The 2008 net income includes a litigation settlement of $52.5 million before tax,
Hawaiian Holdings reports second quarter net income of $54.3 million Read More »
TAM Airlines, a company of Grupo TAM with headquarters in Asuncion, Paraguay, is going to adopt a management model based on the three pillars that support the company’s activities: Service Excellence, Technical and Operational Excellence, and Managerial Excellence. TAM Airlines has been the new name of TAM Mercosur since last March, pursuant to the guidelines
TAM Airlines adjusts operational and administrative structure Read More »
