British Airways is estimating the cost of the Gate Gourmet dispute to be
British Airways announced a pre-tax profit of
British Airways is estimating the cost of the Gate Gourmet dispute to be Read More »
Ryanair Dublin pilots each receive EUR50,000 share option windfall
Ryanair confirmed that many of its Dublin pilots will exercise share options which at the current share price have a profit of approx. EUR50,000 each. These share options (which formed part of the 5 year pay, benefit and share option scheme collectively negotiated directly between the Dublin pilots and the airline in November 2000) fall
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Ameco Beijing performs the first D check and Flynet Installation for Lufthansa Boeing747-400 passenger
Ameco Beijing will perform D check and flynet installation on a Lufthansa Boeing 747-400 passenger aircraft (DABVX). It
American Airlines Reports an Increase in November load factor
American Airlines reported a November load factor of 77.6 percent
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Delta Air Lines reports load factor of 72.4% for October
Delta Air Lines reported traffic results for October 2005. System traffic for October 2005 decreased 2.3 percent from October 2004 on a marginal capacity increase. Delta
Delta Air Lines reports load factor of 72.4% for October Read More »
Russia's Volga-Dnepr Group orders two Boeing 747-400ER freighters
AirBridge Cargo Airline of Russia has ordered two 747-400ER freighters from Boeing. The aircrafts, with a list price value of $450 million, are scheduled for delivery in October 2007 and February 2008 and will be powered by General Electric CF6-80C2B5F engines. AirBridge Cargo currently operates two Boeing 747-200F and one Boeing 747-300. The company is
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PIA orders ATR aicraft
PIA signed an agreement with ATR for the purchase of seven new ATR 42-500. The total value of the contract is approximately US $100 million.
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U.S. Department of Transportation proposed new foreign ownership rules
The U.S. Department of Transportation proposed new rules to help US airlines to raise foreign money. U.S. airlines would have more opportunities to obtain financing from investors under a new rule announced today by U.S. Secretary of Transportation Norman Y. Mineta. The proposed rule would allow international investors more say in some aspects of airline
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WestJet's third quarter earnings increase 43%
WestJet, Canada announced its 2005 third quarter results with net earnings up 43.6% to CDN$30.3 million compared to CDN$21.1 million achieved during the same period last year. In the first nine months of 2005, the airline achieved net earnings of CDN$23.0 million compared to CDN$29.1 million during the first nine months of 2004. Operating revenue
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CAE's revenues increased by 19%
CAE today reported financial results for the second quarter ended September 30, 2005. Earnings from continuing operations were $17.8 million, or $0.07 per share, which compares to second-quarter earnings of $12.8 million or $0.05 per share in the prior fiscal year. All financial information is in Canadian dollars. Excluding non-recurring items, earnings from continuing operations
CAE's revenues increased by 19% Read More »