The Lufthansa Supervisory Board has extended the term of Stefan Lauer on the Executive Board for a further five years up to 30 April 2015 with responsibility for the newly restructured Group Airlines and Corporate Human Resources division. Stefan Lauer will retain the function of Labour Director.
Lufthansa Supervisory Board prolongs appointment of Stefan Lauer Read More »
Michael Schwarz has joined Air Berlin PLC and took over as Corporate Director Ground Operations on 1st May. Originally from Cologne, he was previously employed by Fraport AG. From 1999 until the end of April this year Michael Schwarz had held various senior posts in the sectors of aviation and infrastructure. The most recent ones
Michael Schwarz joins Air Berlin Read More »
Vought Aircraft Industries reported financial results for its first quarter ended March 29, 2009, with solid execution across all of its operations. Revenue of $402.6 million for the quarter was slightly lower than last year primarily driven by the transition from the Boeing 747-400 model to the new Boeing 747-8 model. Operating income and net
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HEICO Corporation released that its Electronic Technologies Group has acquired 82.5% of VPT, Inc. (“VPT”). Financial terms were not disclosed. HEICO stated that it expects VPT to be accretive to its earnings per share during HEICO’s first year of ownership. VPT is a leading designer and provider of innovative power conversion products principally serving the
HEICO Corporation makes strategic acquisition of VPT Read More »
Embraer delivered the first Lineage 1000 executive jet to HE Aamer Abdul Jalil Al Fahim, of Abu Dhabi, United Arab Emirates. The aircraft, to be managed on behalf of the owner by Prestige Jet, also of Abu Dhabi, will have its first public exhibition at the European Business Aviation Convention and Exhibition (EBACE), May 12-14,
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Air Canada reported an operating loss of $188 million for the first quarter of 2009 compared to an operating loss (before a provision for cargo investigations and proceedings) of $12 million in the first quarter of 2008. A net loss of $400 million in the first quarter of 2009 included losses on foreign exchange of
Air Canada reports first quarter net loss of $400 million Read More »
SAS Group’s traffic decreased by 18.4 % during April and capacity was down 20.6% vs. 2008. Total passenger load factor in April was up by 2.0 p.u. to 72.5%, positively affected by capacity adjustments and Easter effect.
SAS Group's traffic down 18% in April Read More »
AeroCentury, an independent aircraft leasing company, reported its preliminary, unaudited operating results for the first quarter ended March 31, 2009. For the quarter ended March 31, 2009, the Company reported total revenues of $8.0 million compared with total revenues of $7.8 million for the same period a year ago. The Company reported net income of
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Lufthansa Tecknik was the major winner at the inaugural Aviation Industry Awards organized by UBM Aviation, winning three titles plus the Best All-round MRO Service Provider title. The winners were announced at a ceremony on the night of Tuesday 5 May, attended by more than 400 industry executives. A total of 24 companies were shortlisted
Winners announced at UBM's Aviation Industry Awards Read More »
