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Airline News |
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Boeing to Buy Aircraft Design Company |
[ 2008-07-23 21:27:52 ] |
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| Boeing Co. said Tuesday it will acquire aircraft design and development company Insitu Inc. for undisclosed terms to help boost its presence in the unmanned systems market. The deal is expected to clo... |
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Garuda pilot trial to begin amid controversy |
[ 2008-07-23 20:59:23 ] |
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| The criminal trial of the pilot who crashed a Garuda plane in Yogyakarta last year begins today, despite criticism from the International Federation of Airline Pilots Associations. On March 7 last ye... |
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Asia-Pacific airlines report rise in passengers in 2008 |
[ 2008-07-23 20:45:37 ] |
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| KUALA LUMPUR, Malaysia — Air travel in the Asia-Pacific region climbed 3.1% in the first half of 2008, but airlines are seeing symptoms of a slowdown that point to troubled times ahead, an indu... |
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NTSB Probing Recent Runway... |
[ 2008-07-23 20:33:11 ] |
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| The National Transportation Safety Board is investigating two runway incursions that occurred at Teterboro (N.J.) Airport (TEB) over the past three weeks. Led by NTSB ATC investigator Daniel Bartlett,... |
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Cessna Citation CJ4 On Track... |
[ 2008-07-23 20:32:42 ] |
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| This week at the Farnborough airshow, Cessna said its largest CitationJet, the CJ4, remains on schedule for FAA certification in the second half of next year and initial deliveries in 2010. The Wichit... |
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Textron Continues Strong in... |
[ 2008-07-23 20:32:06 ] |
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| Buoyed by its Bell and Cessna properties, Textron recorded second-quarter profits up 23 percent from the same period last year, the company announced at a conference call this morning. Pointing to a b... |
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Italy Close To Solution For Alitalia - Minister |
[ 2008-07-23 20:18:42 ] |
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| Italy is close to finding a solution to rescue near-bankrupt airline Alitalia, Industry Minister Claudio Scajola said on Wednesday, without ruling out the possibility of placing it in extraordinary ad... |
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Air Industry Calls For US Crude Reserve Release |
[ 2008-07-23 20:18:41 ] |
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| The US government should tap the national petroleum reserve to relieve ailing airlines that have been stung by soaring oil prices, the industry's leading trade group told lawmakers on Wednesday. "His... |
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Northwest Reports Quarterly Loss On Fuel Bill |
[ 2008-07-23 20:18:41 ] |
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| Northwest Airlines reported a quarterly net loss on Wednesday, falling victim, like its rivals, to the high fuel prices that have forced industry-wide downsizing. The loss, excluding one-time items, ... |
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Boeing Quarterly Net Profit Falls On Delays |
[ 2008-07-23 20:18:40 ] |
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| Boeing reported a bigger-than-expected 19 percent drop in quarterly profit on Wednesday as it took a charge on a delayed military plane contract and suffered effects of its troubled 787 Dreamliner. B... |
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New Law Targets FAA/Airline Cronyism |
[ 2008-07-23 17:19:35 ] |
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| Guns in Airports: Nat'l Security Threat? nnLawmaker says Ga. law that could allow guns in airport dangerous to travelers.nn '); metadataManager11.addItem('lv5429692-11','/story/listViewer/preview?id=... |
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Delays of 787, military aircraft hurt Boeing |
[ 2008-07-23 17:16:15 ] |
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| Daniel Lovering July 23, 2008 - 4:41 p.m. (AP) - Delays hurt Boeing Co.'s second-quarter profit, which fell 19 percent because of late delivery of military aircraft and rising costs from the ... |
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Airline index blasts up 80% over last week |
[ 2008-07-23 16:48:19 ] |
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| NEW YORK (MarketWatch) -- Airline shares rallied Wednesday for a second day, bringing the benchmark index a whopping gain of almost 80% in just a little over a week, due mainly to the falling price of... |
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Boeing profit falls 19% on delivery delays, sales mix |
[ 2008-07-23 16:48:14 ] |
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| NEW YORK (MarketWatch) -- Boeing Co. said Wednesday its quarterly profit fell 19% as it sold fewer of its larger and pricier aircraft, while the costs surrounding its 787 Dreamliner increased ahead of... |
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Yahoo, WaMu, Boeing, Costco, EMC, VMware |
[ 2008-07-23 16:03:05 ] |
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| COST ) sees fourth quarter EPS well below current First Call consensus estimate of $1.00. S&P cuts estimates, target; reiterates hold. JP Morgan downgrades to neutral from overweight. Yahoo ( |
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Congress putting limits on FAA inspectors |
[ 2008-07-23 15:37:22 ] |
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| WASHINGTON — Federal aviation inspectors would have to wait two years before taking airline jobs where they deal with their old government boss under legislation passed by the House Tuesday. Th... |
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Boeing 2Q Net Drops 19% On Charges |
[ 2008-07-23 15:30:17 ] |
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| (BA) on Wednesday reported a 19% drop in second-quarter net income, mainly on charges related to a glitch in its defense business, and posted a surprising earnings shortfall on the commercial airpla... |
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Airlines Curttail International Expansion |
[ 2008-07-23 15:18:18 ] |
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| (AP Photo/Lisa Poole) Runaway fuel prices and a weakening economy are forcing airlines to taper international expansion this fall, reducing the growth of new flight options from the USA to the slowest... |
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Lufthansa half-year passenger count touches 28 million |
[ 2008-07-23 15:17:38 ] |
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| Dubai: Lufthansa posted a rise in passenger numbers in the first six months of 2008. More than 28 million flew with Lufthansa from January through June, an increase of 5.4 per cent on the year-earlier... |
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Boeing profit dips, short of estimates |
[ 2008-07-23 12:06:38 ] |
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| Boeing reported Wednesday a 19 percent drop in quarterly profit to 852 million dollars, coming up short of Wall Street estimates but maintaining its outlook through 2009. The US aerospace giant also s... |
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Moon Proposes Establishing Office for Small Companies |
[ 2008-07-23 11:52:56 ] |
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| By Kim Sue-young Staff Reporter Moon Kook-hyun, chairman of the minor opposition Renewal of Korea Party, proposed establishing an office to support small- and medium-sized companies, Wednesday. ... |
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Top 5 Ways Airlines Are Cutting Costs |
[ 2008-07-23 11:43:50 ] |
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| Future Cuts? Airlines will continue to find as many ways as possible to battle the fuel prices by cutting costs rather than raising airfare. On July 8, MEP approved a compromised deal forcing all airl... |
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Boeing has yet to see new-aircraft order cancellations |
[ 2008-07-23 11:36:00 ] |
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| NEW YORK (MarketWatch) -- Boeing Co. Chief Executive Jim McNerney said Wednesday that the company's $356 billion commercial aircraft backlog hasn't seen any cancellations to date, though there have be... |
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Boeing second-quarter net falls on military, civil delays |
[ 2008-07-23 11:32:59 ] |
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| , is hoping high oil prices will spur demand for its new fuel-efficient planes, but shares of both companies have suffered over the past few months as investors worry that prolonged increases in oil p... |
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Boeing profit falls on military plane charge |
[ 2008-07-23 11:26:42 ] |
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| CHARLOTTE, N.C. - Boeing Co said on Wednesday quarterly profit fell as a previously announced charge on a delayed military plane contract offset higher commercial plane deliveries. |
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Boeing Net Drops on Delays, Fuel Crunch |
[ 2008-07-23 10:59:55 ] |
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| DOW JONES NEWSWIRES Boeing Co. (BA) posted a 19% decline in second-quarter net income amid charges related to delivery delays of its Airborne Early Warning & Control program. The defense con... |
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Northwest Airlines posts $377 million 2Q loss |
[ 2008-07-23 10:59:28 ] |
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| MINNEAPOLIS – Northwest Airlines Corp. reported a second-quarter loss of $377 million on Wednesday as it took another large accounting charge and fuel expenses continued to rise sharply. The ... |
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Garuda crash pilot |
[ 2008-07-23 10:56:47 ] |
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| A FORMER Garuda pilot at the helm of a plane that crashed in Indonesia, killing 21 people including five Australians, will enthusiastically fight criminal charges, his lawyer says. |
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Boeing and Mxi Sign Long-Term Agreement |
[ 2008-07-23 10:37:32 ] |
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| OTTAWA, CANADA--(Marketwire - July 23, 2008) - The Boeing Company, the world's largest manufacturer of commercial jetliners and military aircraft, has signed a "Software License Distribution Agreement... |
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Pilot Strike Grounds More Than 500 Flights |
[ 2008-07-23 07:35:49 ] |
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| A 36-hour strike by the German pilots' union Cockpit continues to ground hundreds of short-haul flights of two Lufthansa subsidiary airlines. Union representatives for ground and cabin personnel plan ... |
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Passengers Have Trouble Using Midwest Airlines Refund Site |
[ 2008-07-23 07:12:38 ] |
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| Posted on: Wednesday, 23 July 2008, 03:00 CDT By Tom Daykin, Milwaukee Journal Sentinel Jul. 23--Midwest Airlines customer Dennis Stevenson, following the carrier's advice, hit the company's Web site... |
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Brighter skies ahead, says Boeing |
[ 2008-07-23 07:03:55 ] |
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| Boeing has released its 20-year air travel forecast, which concludes that ongoing strong fundamentals, including long-term economic predictions and aviation market liberalisation – will result a US$... |
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Garuda crash pilot |
[ 2008-07-23 07:03:26 ] |
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| A FORMER Garuda pilot at the helm of a plane that crashed in Indonesia, killing 21 people including five Australians, will enthusiastically fight criminal charges, his lawyer says. Marwoto Komar, 46... |
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easyCurry, the Indian restaurant, vows to fight for name |
[ 2008-07-23 07:01:08 ] |
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| London, July 23 : The owners of the Indian restaurant easyCurry, have pledged to fight to keep its name, despite threats of a legal battle from multimillion-pound organisation easyGroup, which includes the airline easyJet and a fast-food supplier, easyPizza. |
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Vodafone, airlines lead London market higher |
[ 2008-07-23 06:57:59 ] |
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| LONDON (MarketWatch) -- U.K.-listed shares stepped higher Wednesday, driven by gains for Vodafone Group and airline stocks as crude-oil prices retreated. |
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Airlines post second-quarter losses, job cuts |
[ 2008-07-23 06:22:07 ] |
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| United Airlines parent UAL Corp., US Airways Group Inc. and JetBlue Airways Corp. posted second-quarter losses amid record fuel prices and announced job cuts that pushed the industrywide total to 26,0... |
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EU proposes lifting restrictions on Bulgarian airlines |
[ 2008-07-23 06:22:05 ] |
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| The European Commission on Tuesday proposed removing restrictions on Bulgarian airlines. The commission said it is transmitting a proposal to the decision-making Council of Ministers to lift the restr... |
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Boeing to buy drone maker Insitu |
[ 2008-07-23 05:51:56 ] |
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| Insitu and Boeing have been partners on the ScanEagle, seen here on a catapult before a flight, which is used by the U.S. Marines and Navy in Iraq and Afghanistan. |
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Indonesia Court To Try Pilot Over Yogyakarta Crash |
[ 2008-07-23 05:41:58 ] |
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| The trial will begin this week of a Garuda Indonesia pilot over a crash in 2007 that killed 21 people when the plane he was flying skidded off the runway at Yogyakarta Airport, a prosecutor and lawyer... |
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JetBlue Suffers Quarterly Loss, Growth On Hold |
[ 2008-07-23 05:41:57 ] |
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| JetBlue Airways on Tuesday reported a net loss, reversing a year-ago profit, on rising fuel costs and said it has suspended its near-term growth plans. The low-cost carrier said it lost USD$7 million... |
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China Eastern, Shanghai Air May Merge - Report |
[ 2008-07-23 05:41:57 ] |
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| China's central government and the Shanghai city government are discussing the possibility of merging Shanghai Airlines with China Eastern Airlines, business magazine Caijing reported on Wednesday. T... |
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Qantas CEO predicts more consolidation and cuts |
[ 2008-07-23 05:37:03 ] |
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| Speaking at a business lunch on Tuesday, Geoff Dixon, Qantas CEO, warned the aviation industry must brace itself for more bad news, as the industry moves to a “new aviation world order”. ... |
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United, US Airways, JetBlue post losses |
[ 2008-07-23 02:20:38 ] |
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| United Airlines and US Airways said Tuesday that they would cut even more deeply into their flying during the fourth quarter, while JetBlue Airways said it would defer more aircraft deliveries, steps ... |
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Airlines think cutbacks could bring back profits |
[ 2008-07-23 02:12:27 ] |
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| PHOENIX (AP) -- New travel fees mean hundreds of millions of dollars a year for beleaguered airlines, and executives say they need them more than ever as fuel costs continue to suck profits out of the... |
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Tips on fuel conservation to airlines, airport |
[ 2008-07-23 01:54:06 ] |
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| Airlines have been asked to select appropriate take-off flap configurations so that the engine requires less thrust during take-off. To avoid holding, the pilots have been asked to plan proper descent... |
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Airline ordered to reinstate 1500 staff |
[ 2008-07-23 01:48:33 ] |
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| PHILIPPINES Airlines (PAL) has been ordered to reinstate 1500 crew members who lost their jobs during the Asian financial crisis 10 years ago, the country's Supreme Court said today. |
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Airlines rely on fees to stay aloft |
[ 2008-07-23 01:46:51 ] |
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| PHOENIX - New travel fees mean hundreds of millions of dollars a year for beleaguered airlines, and executives say they need them more than ever as fuel costs continue to suck profits out of the ind... |
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Airline Pacific Blue set to introduce baggage charge |
[ 2008-07-23 00:07:47 ] |
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| Domestic passengers on budget airline Pacific Blue will soon have to pay to check in their baggage. The airline will introduce an $8 charge for bags collectively weighing up to 23 kilograms from Se... |
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