EADS released that order intake increased 81% to EUR 83.1 billion driven by Airbus Commercial, revenues increased 7% (EUR 45.8 billion) with record deliveries of 510 commercial aircraft. EBIT before one-off was EUR 1.3 billion, free cash flow EUR 2.7 billion, net income amounted to EUR 553 million (FY 2009: EUR -763 million) and a […]
EADS reports 2010 full year net income of EUR 553 million Read More »
Elbit Systems of America, a wholly owned subsidiary of Elbit Systems has been awarded a contract from Boeing for the development of the C-17 Replacement Head Up Display ("RHUD") for the United States Air Force. The contract also contains options for Recurring Production, Depot Support and Repairs.
Elbit Systems of America awarded contract from Boeing Read More »
Aviator Capital, a newly formed joint venture, has raised up to $225 million in equity financing from an institutional investor to invest in used commercial passenger aircraft. Aviator’s management team has over 100 years of combined experience in the commercial aircraft leasing business. Aviator will leverage its unique expertise in all areas of commercial aviation
Aviator Capital raises up to $225 million Read More »
LAN Airlines S.A. and its subsidiaries reported its preliminary monthly traffic statistics and punctuality indicators for February 2011. During February, system passenger traffic increased 15.6% as capacity rose 15.2%. As a result, the Company
LAN Airlines monthly statistics report for February 2011 Read More »
Pinnacle Airlines has reached a tentative agreement with the United Steelworkers AFL-CIO (USW) to amend the collective bargaining agreement covering 797 Flight Attendants. The next step is for the Flight Attendants to vote on ratification, which should occur soon. If ratified, the contract would provide a five-year extension to the collective bargaining agreement that became
Pinnacle Airlines flight attendants reach tentative agreement Read More »
Cathay Pacific Airways ordered 10 Boeing 777-300ER (extended range) airplanes valued at $2.8 billion at list price. Cathay Pacific first announced its selection of the 777-300ER for its fleet requirements in 2005. With this order, Cathay Pacific will increase its Boeing 777-300ER planned fleet from 36 to 46 (including 4 leased). It’s the fifth increase
Cathay Pacific Airways orders 10 Boeing 777-300ER and 15 more A330s Read More »
Airline Spares America (ASA) named Ashley Shannon as Chief Operating Officer (COO). Ms. Shannon will oversee all aspects of company operations worldwide based at ASA’s headquarters in Deerfield Beach, Florida.
Airline Spares America names Ashley Shannon new COO Read More »
Aeroflot Russian Airlines announced an order for six Boeing 777-300ERs (extended range) and two Boeing 777-200ERs. The order was previously attributed to an unidentified customer on Boeing’s Orders and Deliveries website.
Aeroflot announces order for eight 777s Read More »
Commercial Aircraft Corporation of China (COMAC) has announced completion of the preliminary design phase of the C919 large commercial airliner and is now entering into the final design definition phase. The C919 programme remains precisely on track for entry into commercial service in 2016. The COMAC C919 is the first single aisle, medium range airliner
New Chinese commercial airliner C919 on track for 2016 entry into service Read More »
Boeing successfully completed the first engine runs for the 747-8 Intercontinental on March 8th. The milestone marks a key step in preparing Boeing’s largest-ever passenger jet for flight test. Engine runs lasted approximately two hours and 45 minutes. During initial engine runs, the engines are started and operated at various power settings to ensure all
Boeing 747-8 Intercontinental completes engine runs successfully Read More »
