The Rolls Royce Civil Aerospace segment increased revenue by 17% in the first half of 2012. There was a 26% growth in OE revenue, primarily reflecting higher deliveries of Trent and corporate engines. Services revenue grew by 10% consistent with growth in the installed base of thrust. Profit increased by 24% due to increased OE …
United Technologies released that all remaining regulatory approvals related to the proposed acquisition of Goodrich Corporation have been obtained. The conclusion of the regulatory review by the U.S. Department of Justice and the European Commission clears the way for United Technologies to proceed with the proposed acquisition announced on Sept. 21, 2011. The acquisition is …
United Technologies obtains regulatory approvals for Goodrich acquisition Read More »
Norwegian (NAS) reported a pre tax profit of 125m NOK, an improvement of 50m from last year. This year’s result has been considerably influenced by the strike among the security staff at airports throughout Norway. The strike cost Norwegian 70m NOK. The company’s growth continues and increased by 15% in the second quarter. The number …
Norwegian reports pre tax profit of 125 million NOK Read More »
United Continental Holdings reported second-quarter 2012 net income of $545m, excluding $206m of net special charges. Including special charges, UAL reported second-quarter 2012 net income of $339m. For the second quarter of 2012, total revenue was $9.9bn, an increase of 2.4% year-over-year excluding special items. Including special items in 2011, second-quarter total revenue increased 1.3% …
Southwest Airlines announced executive changes at the Company. Teresa Laraba, most recently Southwest’s Senior Vice President of Customer Services, has been named the airline’s Senior Vice President of Customers. In this new role, Laraba will continue to provide senior Leadership for three departments: Customer Support & Services, Customer Relations & Rapid Rewards, and Customer Services. …
AerData B.V., the provider of software and services for the aviation industry announces the signing of a 5 year agreement with GE Capital Aviation Services (GECAS), one of the leading aircraft and engine lessors, for STREAM Digital Aircraft Records software. STREAM is used by airlines, lessors and MROs to manage scanned aircraft and engine records.
The Australian aircraft engine overhaul provider LTQ Engineering, which is based in Tullamarine, will cease operations and close its doors in September owing to the strong decline in engine overhaul demand. The closure was announced by the company, a joint venture of Lufthansa Technik (50%) and Qantas Airways Limited (50%), on July 26 in Melbourne. …
Boeing has delivered a 747-8 Freighter to Narita-based Nippon Cargo Airlines (NCA), marking the Japanese debut for the 747-8. The new airplane is NCA’s first 747-8 Freighter on order with Boeing. The airline currently operates eight 747-400 Freighters with two 747-400 Freighters on lease with other airlines. The environmentally focused Nippon Cargo Airlines will also …
Nippon Cargo Airlines takes delivery of first 747-8 Freighter Read More »
