AirNet names Senior Vice President of Sales and Marketing
Frank DiMaria has joined AirNet Systems as Senior Vice President of Sales and Marketing. Mr. DiMaria
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21 April 2009
Airbus/EADS sign Titanium supply agreement with VSMPO-AVISMA
Airbus, its parent company EADS and the Russian Technologies State Corporation’s integrated structure VSMPO-AVISMA Corporation, the Russian Titanium manufacturer, have signed the biggest and longest-term contract in the history of Airbus/EADS cooperation with Russian industry. The agreement covers the supply of Titanium to Airbus and other EADS Divisions until 2020. The scope of the contract
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P&W and Vietnam Airlines sign Engine Management Program agreement
Pratt & Whitney signed a five-year Engine Management Program (EMP) agreement with Vietnam Airlines. The agreement includes on-wing engine performance monitoring services for 58 engines, covering Vietnam Airlines’ entire fleet of PW4000 and V2500 engines.
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GECAS finishes active first quarter with 45 aircraft placed
GE Commercial Aviation Services (GECAS) announced today that during the first quarter of 2009 ending March 29 it placed 45 aircraft, including 33 aircraft from its existing fleet leased, 9 lease extensions, and 3 sales, representing a strong 15 percent increase over 2008 first quarter placements. Of the 33 new leases, 12 were placed with
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World Airways to operate two MD-11 freighters for Arrow Cargo
World Airways, a subsidiary of Global Aviation Holding, has signed an agreement with Arrow Cargo to operate two MD-11F aircraft on a full-time basis for air cargo service between Miami, Central America and South America. World is already operating one aircraft for Arrow Cargo, with the second to operate from July through December 2009.
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UAL reports first quarter net loss of $579 million
UAL Corporation reported results for the first quarter ended March 31, 2009. UAL reported a first quarter net loss of $579 million excluding non-cash, net mark-to-market hedge gains and certain accounting charges. The company reported a GAAP loss of $382 million including these items. The company reduced its full-year outlook for mainline non-fuel CASM, excluding
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Boeing assembles first set of 747-8 wings
Boeing has completed major assembly of the first set of wings for the 747-8 Freighter. The new 135-foot 3-inch (41.2 m) wings incorporate the latest aerodynamic technologies to fly farther and more efficiently. The advanced airfoil provides improved overall performance and greater fuel capacity.
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Lockheed Martin announces first quarter 2009 results
Lockheed Martin Corporation reported first quarter 2009 net earnings of $666 million compared to $730 million in 2008. Net earnings in 2009 included higher pension expense as previously disclosed in the January 22, 2009 earnings release and in the 2008 Form 10-K. In 2009, the FAS/CAS pension adjustment was ($114) million, which decreased net earnings
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Delta Air Lines reports quarter net loss of $794 million
Delta’s reported net loss for the March 2009 quarter was $794 million, or $0.96 per diluted share. “Despite the worst economic recession in our lifetime, the fundamental strength of Delta’s business allowed us to deliver breakeven results this quarter, excluding fuel hedge losses and special items” said Richard Anderson, Delta’s chief executive officer. “We remain
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Swiss takes delivery of first A330
Swiss International Air Lines has received its first new A330-300. The aircraft is the first of nine A330-300s ordered in September 2007 to expand the Swiss’ medium to long haul network. Powered by Rolls-Royce Trent 772B EP engines, the carrier’s first A330-300 is fitted in an all-new, comfortable three-class layout with a total of 236
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