GE to expand CMCs facility
GE Aviation is expanding its ceramic matrix composites (CMCs) facility in Newark, Del., with a $27 million investment and plans to add 70 jobs at the facility over five years.
US DOT chief says funds sufficient to end FAA furloughs
US Transportation Secretary Ray LaHood said Friday that DOT’s legislation introduced at the end of April will prevent further air traffic controller furloughs and keep open low activity towers that were slated for closure under congressional budget cuts.
Lessor ALC grows 1Q revenue and income
Air Lease Corp. (ALC) has reported a 48% increase in pretax income for the 2013 first quarter and said Asia-Pacific carriers now represent almost 40% of its fleet.
NTSB assists National Airlines 747-400 freighter crash investigation
The US National Transportation Safety Board (NTSB) is assisting the Afghanistan Ministry of Transportation and Commercial Aviation in the investigation of the crash of a National Airlines Boeing 747-400 freighter shortly after takeoff from Bagram Air Base in Afghanistan Monday.
Power Partners
Etihad Airways’ president and CEO James Hogan has numbers at his fingertips that speak of ambition, growth and deliverability. In 2012, the Abu Dhabi-based carrier recorded a $42 million profit, 200% higher than the previous year; revenues increased 17% to $4.8 billion; passenger numbers grew 23% to 10.2 million; and earnings before interest and tax rose 24% to $170 million.
Adaptive in the Face of Challenge
After the Great East Japan earthquake and the subsequent tsunami and nuclear power disaster, All Nippon Airways executives were faced with a 20% year-over-year drop on domestic routes. Without any government assistance, ANA swiftly made finely tuned adjustments to its capacity and moved up cost-cutting plans so it could not only adapt to the rapidly changed environment, but also could continue with its international expansion plans, such as launching new Haneda-Frankfurt, Narita-Seattle and Haneda-Beijing routes.
Think Big
Small jet manufacturers are planning to invest heavily in their platforms and increase the size of current aircraft.
Superjet International VP business development John Buckley revealed plans at the ISTAT Americas 2013 conference in Orlando in March to stretch the 100-seat Sukhoi SuperJet to 120-130 seats. “As we move forward, we will be stretching the aircraft to 120-130 seats and begin to have a family of aircraft,” he said.
Analysis - Cautious Optimism
IATA slightly improved its 2013 financial outlook for the world’s airlines in March, citing strong passenger demand and signs that cargo markets are starting to grow again.
IATA now expects airlines to produce a combined net post-tax profit margin of 1.6%, up from the previously forecast 1.3%, with a net post-tax profit of $10.6 billion, up from the previously projected $8.4 billion.
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