AWAS has finalised a transaction to purchase six new A330-300 aircraft from Airbus. The first of these aircraft will be delivered in 2009 and all will be leased to Singapore Airlines. The transaction has been valued to Airbus at $1.2 billion at list prices.
AWAS purchase six Airbus A330-300 aircraft Read More »
Ryanair confirmed that it was freezing the pay of its senior management for 2008 as part of a series of cost cutting measures over the coming weeks as the price of oil rises to over $100 a barrel. From 1st April Ryanair
Ryanair announces management pay freeze Read More »
Aloha Airgroup, a Hawaii corporation whose principal operating subsidiary is Aloha Airlines, released that it filed a voluntary petition for protection under Chapter 11 of the U.S. Bankruptcy Code. Aloha will seek the Court
Aloha Airlines files for chapter 11 Read More »
Air China Limited, China’s national flag carrier, released its financial results for the twelve months ended December 31, 2007. In fiscal year 2007, according to International Financial Reporting Standards (”IFRS”), the Company’s operating revenue increased by 14.2% to RMB51.33 billion from RMB44.94 billion in 2006. This increase was primarily attributed to the continued solid growth
Air China Limited reports 2007 annual results Read More »
Qantas Airways’ fleet of 747-400 airplanes will be monitored by Boeing’s Airplane Health Management (AHM), a software system that helps airlines improve the management of unscheduled maintenance events. In addition, Qantas will use Airplane Health Management for future 787 Dreamliner deliveries. Qantas has 65 Boeing 787s on order. Qantas’ 30 747-400s will use Airplane Health
Qantas selects Boeing's Airplane Health Management Read More »
Andreas Kramvis has been named President and CEO of its $4.9 billion Specialty Materials business, effective March 31, 2008. Kramvis succeeds Nance Dicciani who will retire from the company on April 14, 2008. He will report to Honeywell
Andreas Kramvis new President and CEO of Honeywell Specialty Materials Read More »
B/E Aerospace released that it has been selected by unnamed leading global airlines in programs to outfit existing and on order aircraft. The awards are initially valued at approximately $215 million.
B/E Aerospace wins international airline program awards Read More »
Three years to the day since the announced integration of SWISS in the Lufthansa Aviation Group, the former majority shareholders of the Swiss carrier will shortly be receiving the payout for their out-performance option from the German airline. In exchange for their onetime SWISS shares, they will be paid a total of about 269 million
Lufthansa pays around 269 million Swiss francs for SWISS out-performance option Read More »
Suntron Corporation, a leading provider of integrated electronics manufacturing solutions (EMS), reported that Suntron and Honeywell International have completed a contract extension for two and one-half years. Suntron
Suntron and Honeywell extend contract Read More »
FedEx Corp. reported for the third quarter revenues of $9.44 billion, up 10% from $8.59 billion the previous year, operating income of $641 million, unchanged from a year ago, operating margin of 6.8%, down from 7.5% the previous year and net income of $393 million, down 6% from last year
FedEx Corp. reports third quarter earnings Read More »
