Air Canada announced that it will re-engage Boeing to conclude an agreement on the acquisition of Boeing 777 and 787 aircraft. The airline received a binding arbitration decision resolving the matter of pilot costs and other issues relating to the airline’s acquisition the new aircrafts. The airline canceled in June 2005 an order of up […]
Air Canada will re-engage Boeing for 777 and 787 purchase Read More »
CIT Group Inc has selected the IAE V2500 to power up to 24 Airbus A320 family aircraft. The order is made up of 12 firm and 12 options and, if all the options are realized, the deal will be worth more than $400 million. CIT already has 33 V2500-powered aircraft in service with a further
CIT places $400 million order for IAE's V250 Read More »
UAL reported third-quarter operating earnings of $165 million, $245 million better than the same quarter last year, despite higher fuel prices for the mainline and regional affiliates negatively impacting fuel xpense by $405 million year-over-year. UAL reported a net loss of $1.8 billion, or a loss per basic share of $15.26, which includes $1.8 billion
UAL reports $1.8 billion loss in thrid quarter 2005 Read More »
Continental Airlines launch daily nonstop flights between Newark Liberty International Airport and Delhi’s Indira Gandhi International Airport.
Continental starts non-stop flights to India Read More »
ANA Group reported its consolidated first half financial results for the six month period ended September 30, 2005. The Group reported revenue of
ANA reports record profit Read More »
Boeing started contract negotiations with the Society of Professional Engineering Employees in Aerospace (SPEEA), the union representing more than 17,500 engineering and technical employees working primarily in Washington and Oregon.
Boeing start talks with engineering union Read More »
The Board of Directors of Boeing decided to pay a quarterly dividend of twenty-five (25) cents per share.Hamilton Sundstrand signs agreement with Air Canada
Boeing reports quarterly dividend Read More »
Paramount Airways of India has signed a new OnPointSM Solutions service agreement with GE Engine Services for the maintenance, overhaul and repair of CF34-8E engines powering the airline’s fleet of Embraer 170/175 aircraft. The nine-year agreement is valued at approximately $12 million. Paramount, which began operations in October, is the first airline in India to
India's Paramount Airways signs CF34 maintenance agreement with GE Read More »
GOL, Brazil reported for the third quarter a net income of R$138.2 million (US$59.1million), representing a 19.8% net margin. while average passenger yields decreased 18.9% to 25.31 cents (R$) resulting in a decrease in RASK of 13.9% to 19.54 cents (R$). Net revenues totaled R$696.7 million, representing growth of 34.7%.
GOL achieved net income of $59 million in thrid quarter Read More »
Pinnacle Airlines Corp. reported for the third quarter 2005 an operating loss of $32.4 million and a net loss of $21.4 million. The third quarter loss is primarily due to an after tax charge of approximately $34.5 million for items related to the recent bankruptcy filings of Northwest Airlines (“Northwest”) and Mesaba Airlines (“Mesaba”). Following
Pinnacle Airlines posts loss due to Northwest bankcruptcy Read More »
