Airbus delivered the 1000th aircraft from the A330/A340 Family. The aircraft, an A330-300, was handed over to Thai Airways International (THAI) at a special ceremony in Toulouse. With this latest delivery, THAI increases its in-service A330/A340 fleet to a total of 25 aircraft, comprising 15 A330-300s, four A340-500s and six A340-600s. The airline also operates […]
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The Goodyear Tire & Rubber Company reported second quarter 2009 financial results and updated its progress on actions taken to address market and economic challenges around the world. The second quarter 2009 Goodyear net loss was $221 million (92 cents per share), compared with net income of $75 million (31 cents per share) in 2008’s
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Southwest Airlines confirmed that the carrier is preparing a bid to acquire Denver-based Frontier Airlines, which will be sold at auction in bankruptcy court next month. The carrier has submitted a nonbinding proposal in accordance with the bidding procedures established in the U.S. Bankruptcy Court for the Southern District of New York. The bid is
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Boeing reported the completion of the acquisition of the business and operations conducted by Vought Aircraft Industries at its South Carolina facility, where a key structure for the 787 Dreamliner is built. The acquisition agreement was announced originally on July 7. The newly acquired facility, located in North Charleston, will be called Boeing Charleston. Boeing
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Boeing delivered Emirates’ 78th 777 on July 29th, the airline’s 45th 777-300ER (Extended Range). The Dubai-based carrier is now the world’s largest operator of the 777 and the only airline to operate every model type, with an additional nine 777-200s, 12 777-300s, 10 777-200LRs (Longer Range) and two 777 Freighters in its fleet. Emirates also
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Genesis Lease Limited announced its financial results for the second quarter ended June 30, 2009. Rental revenues were $51.1 million compared to $52.0 million for the same period in 2008, a decrease of 1.9%, net income was $4.8 million compared to $9.0 million for the same period last year, a decrease of 47.0%. For the
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On July 29, 2009, Air Canada entered into a financing agreement with GE Canada Finance Holding Company, Export Development Canada, Aeroplan Canada and ACE Aviation Holdings as lenders. GE Finance is acting as Administrative Agent and GE Capital Markets Inc. and GE Capital Markets (Canada) Ltd. are acting as arrangers. The secured financing extends a
Air Canada raises CAD $1.02 billion Read More »
Delta TechOps announced that it has entered into a memorandum of understanding (MOU) with Honolulu-based Hawaiian Airlines. The long-term agreement, which could be valued at as much as $500 million, includes Delta TechOps’ Complete Fleet support for Hawaiian’s new Airbus 330-200 fleet and an extension of an existing support agreement for Hawaiian’s Boeing 767 fleet.
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