AMR Corporation reported a net profit of $45 million for the third quarter of 2008. The results for the third quarter of 2008 include the impact of several special items. The Company recorded a $432 million gain from the sale of American Beacon Advisors. The Company also recorded $27 million in one-time severance and aircraft […]
AMR Corporation reports third quarter profit of $45 million Read More »
Delta reported a pre-tax loss of $50 million for the September 2008 quarter. Excluding special items Delta reported a pre-tax loss of $26 million in the third quarter of 2008 compared to pre-tax income of $363 million in the third quarter of 2007. The year-over-year decrease in pre-tax income was driven by higher fuel prices,
Delta reports loss Read More »
American Airlines has entered into a purchase agreement with Boeing under which American intends to acquire an initial 42 Boeing 787-9 Dreamliners scheduled for delivery beginning in 2012 and ending in 2018, with the right to purchase up to 58 additional 787s that may be scheduled for delivery beginning in 2015 and ending in 2020.
American Airlines plans to acquire 42 Boeing 787-9 Dreamliners Read More »
Gulfstream has selected Hamilton Sundstrand’s Kidde Aerospace & Defense unit to provide the engine fire detection system for Gulfstream’s new G650 business jet. The engine and nacelle-mounted fire detectors and control unit are designed and manufactured by Kidde Graviner in Colnbrook, England. Kidde Graviner currently supplies Gulfstream the engine fire detection system for its G350,
Kidde Aerospace & Defense to supply Gulfstream G650 fire detection system Read More »
Franklin C. Miller has been appointed to EADS North America’s Board of Directors, as well as the Honorable Trent Lott. Miller is bringing significant experience from a distinguished public career that included senior positions in the White House and the Defense Department as well as time at the Department of State and in the U.S.
EADS North America appoints new members to its Board of Directors Read More »
Boeing Shanghai Aviation Services has received its U.S. Federal Aviation Administration (FAA) Repair Station Certification. The certification allows Boeing Shanghai to conduct operations in accordance with Code of Federal Regulations Part 145. Boeing Shanghai initially is conducting heavy maintenance on Boeing Next-Generation 737 airplanes. There are more than 235 Next-Generation 737s flying in the East
Boeing Shanghai Aviation Services receives FAA certification Read More »
The Turkish Engine Center, a Pratt & Whitney and Turkish Airlines Technic joint venture, will support an existing 10-year engine maintenance agreement between Turkish Airlines and Turkish Technic when it opens in mid-2009. The work is estimated to be worth more than $1 billion to the Turkish Engine Center and will extend through 2016. The
Turkish Engine Center gets maintenance work worth $1 billion Read More »
Avcorp Industries reported that Mr. Michael C. Scholz, Chairman, Avcorp Industries has acquired securities of Avcorp Industries Inc. which have taken him over securities reporting thresholds. On October 8 and 10, 2008, Mr. Scholz acquired 75,000 common shares of the Company, which when taken together with the 6,468,762 common shares already held or controlled by
Avcorp reports insider acquires 20% holdings Read More »
ExpressJet Holdings reported that it reached tentative agreements with all four of its labor unions representing the pilots and instructors, mechanics, flight attendants and dispatchers. Voting is scheduled to be completed by November 1. If ratified, ExpressJet expects to realize $20 million in labor cost savings needed under the amended capacity purchase agreement with Continental
ExpressJet reaches tentative agreements with labor unions Read More »
