New A350 hangar in Augsburg under construction
Premium AEROTEC has begun the construction of the new 25,000 m
7 August 2009
Andrew Ward new Boeing Chief Investment Officer
Boeing has named Andrew Ward as its new chief investment officer, a position from which he will oversee approximately $65 billion in retirement assets for approximately 550,000 beneficiaries. Andrew Ward succeeds Mark Schmid, who in June was named the University of Chicago’s chief investment officer.
Air Canada reports second quarter net income of $155 million
Air Canada reported second quarter 2009 net income of $155 million including gains on foreign exchange of $355 million. This compares with net income of $122 million in the second quarter of 2008 that included gains on foreign exchange of $48 million. EBITDAR amounted to $135 million, a decrease of $114 million from the second …
Air Canada reports second quarter net income of $155 million Read More »
SAS Group traffic figures July 2009
SAS Group’s traffic decreased by 13.6% during July and seat capacity was down 17.3% vs. 2008. SAS Group carried 2.0 million passengers in July, down 14.1 % vs. 2008 and the total passenger load factor in June was 83.8%, up 3.6 p.u. vs. July 2008.
Boeing's Alteon changing name to Boeing Training & Flight Services
Boeing released that the company’s training organization, Alteon, will be renamed Boeing Training & Flight Services. The new name will be phased in across the organization’s global network in the months ahead. The new name reflects the organization’s expanded capabilities for providing flight, maintenance, cabin safety and flight operations training. With the addition of flight …
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Alaska Airlines aircraft technicians approve two-year contract extension
Alaska Airlines and the Aircraft Mechanics Fraternal Association (AMFA) jointly announced ratification of a two-year contract extension covering the airline’s 658 aircraft technicians. The extension was ratified by more than 77% of the technicians who voted. The extended contract, which becomes amendable on Oct. 17, 2011, provides technicians with a 1.5-percent pay scale increase on …
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