23 October 2008

JetBlue announces third quarter net loss of $4 million

Operating revenues for the quarter totaled $902 million, representing growth of 17.9% over operating revenues of $765 million in the third quarter of 2007. Operating income for the quarter was $22 million, resulting in a 2.4% operating margin, compared to operating income of $79 million and a 10.3% operating margin in the third quarter of

JetBlue announces third quarter net loss of $4 million Read More »

Spirit AeroSystems to design and build pylon for Mitsubishi regional jet

Spirit AeroSystems has been selected by Mitsubishi Aircraft Corporation to design and build the pylon for its new next-generation regional jetliner, known as the Mitsubishi Regional Jet (MRJ). Pylon work will be done at Spirit’s facility in Wichita, Kan. A pylon is a large, highly specialized aerostructure that holds an aircraft’s engine and its casing

Spirit AeroSystems to design and build pylon for Mitsubishi regional jet Read More »

US Airways Group secures $950 million in financing and liquidity commitments

US Airways Group reported that as part of a comprehensive liquidity program launched in mid August, the Company has raised approximately $950 million of financing and near-term liquidity commitments. On October 20, 2008 the Company closed on $800 million of these transactions with $400 million of proceeds used to prepay the Company

US Airways Group secures $950 million in financing and liquidity commitments Read More »

TACA takes IAE V2500 for 15 additional A320 family aircraft

Grupo TACA, one of the leading Latin American airlines, has selected V2500 SelectOne engines to power an additional 15 Airbus A320-family aircraft. Supported by a V2500SelectSM aftermarket agreement, the value of this new deal is $400 million at list prices. El Salvador-based TACA currently operates 37 V2500-powered A320 family aircraft and is awaiting delivery of

TACA takes IAE V2500 for 15 additional A320 family aircraft Read More »