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AD Aerospace has appointed United Interiors International (UII), as agents for its FlightVu range of products for Russia, the CIS and the Baltic States. UII will support and promote AD Aerospace’s FlightVu range of aerospace video safety and security systems in the area stretching from Estonia to Armenia to Kyrgyzstan and covering the whole [...] A $192 million fuel hedging gain pushed US Airways to a second-quarter net profit of $58 million, reversed from a $568 million loss in the year-ago period when goodwill impairment charges weighed on the bottom line. Link to the original site No tags for this post. JetBlue Airways yesterday reported a $20 million second-quarter profit, reversed from a $9 million loss in the year-ago period, and said it expects to remain in the black in both the third and fourth quarters. Link to the original site No tags for this post. Air France KLM Group said revenue in the fiscal first quarter ended June 30 plunged 20.5% year-over-year to €5.19 billion ($7.37 billion), reflecting continuation of the January-March trend and “in line with our expectations.” Link to the original site No tags for this post. Alaska Airlines and Horizon Air parent Alaska Air Group reported second-quarter net income of $29.1 million, down 53.9% from a $63.1 million profit in the year-ago period, but said earnings improved excluding special charges owing to significantly lower fuel costs. Link to the original site No tags for this post.
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Link to the original site No tags for this post. Dassault Aviation this morning reported a negative order intake for the first half of this year due to Falcon business jet order cancellations. While the company logged €900 million ($1.28 billion) in Falcon sales in the first half, down slightly from the €1.1 billion ($1.56 billion) recorded in the same period last year, business jet [...] “Only in 2012 will [business jet] deliveries start growing again,” Embraer executive vice president Luis Carlos Affonso said Tuesday in a pre-LABACE press briefing. He recognized 2010 and 2011 as “difficult years” for the business aviation industry, but noted that there are already signs of an upturn and said the company will meet Phenom delivery [...] A bitter six-week strike at Bell Helicopter Textron’s transmission and rotor blade component plants in Fort Worth, Texas, ended after union members ratified a revised four-year contract offer yesterday morning. Nearly 2,500 members of United Auto Workers (UAW) Local 218 struck the company on June 14 after rejecting an initial offer from Bell that increased [...] Bend, Ore.-based Stratos Aircraft on Tuesday began taking refundable escrowed $50,000 deposits for its single-engine Stratos 714 very light jet. Company chief technology officer Carsten Sundin told AIN that the first 25 aircraft will be sold for $2 million each, after which there will be a modest, but as-yet-undetermined, price increase. According to Sundin, first [...] Despite reporting a recent “pronounced upswing” in business jet charter business in the Gulf Cooperation Council territories, Middle East charter and aircraft management firm Rizon is rationalizing its activity in the area to cut costs. Rizon attributes an increased market share to recent introduction of a charter Bombardier Challenger 605 at Qatari capital city Doha, [...] |
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