19 November 2008

Israel Aerospace Industries announces 3rd quarter 2008 results

Israel Aerospace Industries (IAI) announced a 2008 third quarter net profit of $16 million (after a $16 million provision for employee-related expenses, compared with $6 million employee-related expenses for the third quarter of 2007). Company sales for the third quarter of 2008 reached $877 million, compared with $797 million for the third quarter of 2007, …

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Boeing announces layoffs, restructuring at Wichita Site

The Boeing Company announced plans to cut approximately 800 positions at its Integrated Defense Systems facility in Wichita during 2009. Boeing attributes the reductions to the end of some programs and the delay in the U.S. Air Force tanker-replacement program. The layoffs will impact managers and both salaried and hourly workers. Boeing will deliver 60-day …

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Southwest Airlines seeks rights to operate at LaGuardia Airport

Southwest Airlines confirmed that it has submitted a bid that would allow the airline to assume ATA Airlines’ rights to operate at New York’s LaGuardia (LGA) Airport through a purchase of ATA Airlines. The bid was submitted in connection with the publicly announced auction process in the U.S. Bankruptcy Court in Indianapolis and consistent with …

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Frontier Airlines names interim leader at Lynx Aviation

Frontier Airlines reports that Cameron Kenyon, the company’s Vice President of Flight Operations has been named interim President of Denver-based regional airline Lynx Aviation, effective Nov. 21. Lynx is a subsidiary of Frontier Airlines Holdings, Inc. and operates feeder service for Frontier. Kenyon replaces Tom Nunn, who resigned as Lynx President in early November.

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