Mitsubishi Aircraft Corp. (MITAC) on Wednesday announced it will delay the first flight of its 70/90-seat regional jet from the second quarter 2012 to an October-December 2013 timeframe, and will also delay first delivery from the first quarter of 2014 to the summer of 2015.
Boeing earned a net profit of $923 million in the first quarter, up 58% over $586 million in net income in the prior-year period, on a 30% jump in revenue to $19.38 billion.
US Airways (US) reported first-quarter net income of $48 million, reversed from a net loss of $114 million in the prior-year period, though it conceded that was in the red excluding special items.
Universal Avionics has appointed Robert Randall to OEM sales manager. Randall began his career with Universal Avionics in September 2008 as Midwest regional sales manager. MTU Maintenance Zhuhai has named Frank Bodenhage president and CEO, and Holger Sindemann to MD and SVP of MTU Maintenance Hannover. Bodenhage joined MTU Maintenance Zhuhai in 2006 as COO.
Embraer delivered 21 aircraft in the 2012 first quarter, one more than last year. It reported 1,063 firm commercial jet orders and delivered 823 aircraft, with a firm order backlog of 240 aircraft and 689 options.
IATA reported that international premium traffic for February continued its positive trend, up by 6.3% compared to the year-ago month, and up from a 2.9% climb in January.
Embraer signed a memorandum of understanding with China’s ICBC Financial Leasing Co. to create financing opportunities for the sale of commercial and executive jets in China and other markets.
In response to a ruling by the UK Competition Commission (CC), airport operator BAA has agreed to the sale of Edinburgh Airport (EDI) to Global Infrastructure Partners (GIP) for £807.2 million ($1.3 billion).
China Eastern Airlines (MU) and Cathay Pacific Airways (CX) have downgraded their first-quarter profit forecasts citing the slowdown of market demand and high fuel prices.
In response to a ruling by the UK Competition Commission (CC), airport operator BAA has agreed to the sale of Edinburgh Airport (EDI) to Global Infrastructure Partners (GIP) for £807.2 million ($1.3 billion).
Embraer signed a memorandum of understanding with China’s ICBC Financial Leasing Co. to create financing opportunities for the sale of commercial and executive jets in China and other markets.
Goodrich signed a five-year nacelle services agreement with LOT Polish Airlines to support the carrier’s nacelles and thrust reversers for its fleet of CF34-10E-powered Embraer E-195 aircraft. Delta TechOps signed a multi-year agreement with Atlas Air to provide maintenance and support services for three Boeing 767-300ER aircraft, including 331 APU and CF6 engine time and materials maintenance support, and 767-300ER PBH component support.
Austrian Airlines (OS) has concluded the planned transfer of the company’s flight operations into its subsidiary, Tyrolean Airways, to take place after July 1, as part of its $220 million restructuring program.
The Qantas (QF) Airbus A380 that had been undergoing major repairs in Singapore since an inflight engine explosion in November 2010 returned to Sydney over the weekend.
Russian Transaero Airline (UN) reported first-quarter net income of RUB15 million ($508,000), reversed from a net loss of RUB381 million ($12.9 million) in the year-ago period.
Lufthansa (LH) is planning to keep capacity flat this year and will phase out its Boeing 737 fleet by 2016 as part of its €1.5 billion cost-cutting measures, Deutsche Lufthansa AG executive board member Carsten Spohr told employees in an internal letter.
All Nippon Airways (ANA) has revised its 2011 full financial year performance forecast upward, citing strong tourism demand and reduced operating expenses.
American Airlines (AA) chairman, president and CEO Tom Horton pushed back against US Airways’ (US) efforts to bring about a merger of the two carriers, telling employees in a Monday letter that “we must be mindful of other parties who don’t have our best interests at heart.”
Hearings got underway Monday in a US bankruptcy court in New York to determine whether American Airlines (AA) will be able to terminate its labor contracts as part of the Chapter 11 restructuring process.
All Nippon Airways (ANA) has revised its 2011 full financial year performance forecast upward, citing strong tourism demand and reduced operating expenses.
