20 November 2008

Air France-KLM report net earnings down to EUR 28 million in 2nd quarter

Air France-KLM reported for the second quarter of 2008-09 that net income stood at 28 million euros versus 736 million euros the previous year, which had included proceeds of 212 million euros in respect of Amadeus. Restated for non-recurrent and non-cash items, net income stood at 244 million euros, down 49.1%. Revenues rose 3.2% to …

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Firth Rixson and MTU Aero Engines extend two long term agreements

Firth Rixson Limited, a major provider of highly engineered forged and specialty metal products, has reached agreement with MTU Aero Engines GmbH to extend the commercial terms of two separate multi-year purchasing agreements signed by the Companies in 2004. With this renewed agreement, Firth Rixson will continue to supply seamless rolled ring forgings, and welded …

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Woodward reports fourth quarter and fiscal year 2008 results

Woodward Governor Company reported financial results for its fourth quarter and fiscal year 2008. Net sales for the quarter were $350.5 million, up 21% from $290.8 million for the fourth quarter of last year. Net earnings for the quarter were $34.4 million compared with $36.0 million in last year’s fourth quarter. Last year’s fourth quarter …

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Ethiopian Airlines orders eight Q400 NextGen Airliners

Ethiopian Airlines has signed a contract to purchase eight Q400 NextGen turboprop airliners, and has taken options on four additional Q400 NextGen aircraft. Including this transaction, the Dash 8/Q-Series aircraft program has recorded firm orders for a total of 1,001 aircraft. Based on the list price of the Q400 NextGen airliner, the value of the …

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American Airlines CEO Gerard Arpey to chair oneworld

American Airlines Chairman and Chief Executive Gerard Arpey was nominated Chairman of the Governing Board of oneworld, the leading quality global airline alliance, in succession to Qantas Chief Executive Officer Geoff Dixon, who has held the post for two years. Gerard Arpey will act as “first among equals” of the chief executives of the grouping’s …

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