In 2010 TAP S.A. achieved profits of EUR 62.3 million, a rise of 8.7% in relation to the previous year, enabling the company to return to a positive liquidity position which had ceased to exist in 2008. The company ended the 2010 financial year with a positive liquidity position of EUR 52 million. Cargo volume […]
TAP S.A. achieves best ever result Read More »
The Lufthansa Group closed the 2010 financial year with revenue of EUR 27.3 billion (previous year: EUR 22.3 billion) according to preliminary figures. Despite adverse one-off factors the operating profit came to EUR 876 million (previous year: EUR 130 million). Net profit attributable to shareholders of Deutsche Lufthansa AG amounted to EUR 1.1 billion (previous
Lufthansa generates net profit of EUR 1.1 billion in 2010 Read More »
The Lufthansa Supervisory Board approved orders for 35 new aircraft at its meeting on March 16t. Thirty of the aircraft from the Airbus A320neo family are for the Passenger Business, the other five orders are for Boeing 777 freighters for the business segment Logistics. Investment in new aircraft strengthens the competitiveness of airlines in the
Lufthansa invests in passenger and freighter fleet Read More »
Iberia has converted an Airbus A330-200 passenger airliner into a Multi Role Tanker Transport (MRTT), equipped for mid-air refuelling. It was the first time such a complex task has been performed in Spain, where Iberia maintenance and engineering teams completed it in a record 16 months. After the final flight test on March 15th, the
Iberia converts passenger aircraft into mid-air refuelling tanker Read More »
SAS (Scandinavian Airlines System Denmark
SAS issues SEK 2 billion of senior unsecured bonds Read More »
Hamilton Sundstrand Corporation and AVIC Electromechanical Systems Company Limited (AVIC EM) have finalized plans to co-develop and manufacture the electric power system for the new Commercial Aviation Corporation of China (COMAC) C919 jetliner. Hamilton Sundstrand is a subsidiary of United Technologies Corp. and AVIC EM is a subsidiary of Aviation Industry Corporation of China (AVIC).
Hamilton Sundstrand, AVIC EM finalize joint venture agreement Read More »
AAR reported third quarter fiscal year 2011 consolidated sales of $451.0 million and income from continuing operations of $18.3 million. For the third quarter of the prior fiscal year, the Company reported sales of $300.8 million and income from continuing operations of $10.5 million. Prior year third quarter results included a $0.10 per diluted share
AAR reports third quarter fiscal year 2011 results Read More »
Jack Jones has been named vice president and general manager of Boeing South Carolina. Jones assumes overall leadership responsibility for Boeing’s South Carolina facilities and operations. Boeing South Carolina fabricates, assembles and installs systems for the aft fuselage sections of the Boeing 787 Dreamliner, and joins and integrates 787 mid-body fuselage sections from other structural
Boeing names Jack Jones to lead Boeing South Carolina operations Read More »
Rolls-Royce forecast long-term growth in demand for new turbine helicopters. Over the ten-year period beginning 2011, total helicopter deliveries are predicted to be more than 16,900 units as the market responds to improving economic fundamentals and the world
AVISA Aviation Safety Systems, has recently signed an agreement to work with China Aircraft Services Limited, a long established Hong Kong based MRO and aviation services company and aeroDAC, an EASA-approved part 21 design organisation, with capabilities in every aspect of aerospace design, aircraft certification and approval. The new partnership will see the three businesses
AVISA and aeroDAC partner with CASL to serve South East Asia and China Read More »
