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Small Boost to Airline Profitability – Industry Profit Margin Improves to 1.6%
The International Air Transport Association (IATA) announced a modest improvement in its outlook for the 2013 financial performance of the global airline industry primarily based on stronger revenues. IATA now expects airlines to produce a combined net post-tax profit margin… Continue reading
U.S. Air plans antitrust filing to boost AMR bid
(REUTERS) U.S. Airways Group aims to file paperwork with U.S. antitrust regulators as early as July for a proposed merger with AMR Corp, the bankrupt parent of American Airlines, according to people familiar with the matter.
US Airways believes securing… Continue reading
Bell Helicopters 429 Receives Performance Boost
FORT WORTH, TEXAS (January 11, 2012) – Bell Helicopter, a Textron Inc. company (NYSE: TXT), announced today it received Transport Canada approval for a 500 lbs. weight increase – to increase the maximum gross weight to 7,500 lbs – for… Continue reading
Passenger Traffic Gets a Boost – Freight Continues to Stagnate
Geneva – The International Air Transport Association (IATA) announced traffic results for July which showed that passenger travel was up 5.9% over July 2010. Freight markets were stagnating with a 0.4% demand decline over previous year levels.
“Passenger travel bucked… Continue reading
Boeing to Boost 737 Production Rate to 42 Airplanes per Month in 2014
Boeing announced today it will increase the production rate for its Next-Generation 737 to 42 airplanes per month. Once implemented in the first half of 2014, the 737 program expects to build on average two 737s each workday and nearly 500… Continue reading
AIR FORCE C-17 DELIVERS BOOST FOR SUPPORT TO DIGGERS IN AFGHANISTAN
The Royal Australian Air Force’s giant C-17 Heavy Air Lift aircraft based at Amberley have achieved a major milestone in support of Australian Defence Force operations in Afghanistan with the first landing on the remote air-strip at Tarin Kowt to… Continue reading