bmi group restructures engineering functions

The bmi group announced a restructuring of its engineering functions in a move that will create three fleet-specific engineering and maintenance bases to serve the three operating units within the group. From March 2006, bmi will consolidate all of its Airbus aircraft fleet maintenance and engineering at the airline’s main operating base at Heathrow. At the same time bmibaby will focus its main engineering capability for its Boeing fleet at its home base of Nottingham East Midlands Airport. bmi regional will continue to conduct all maintenance and engineering for its Embraer fleet at its Aberdeen base, as now.

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Delta reaches agreement with its flight superintendents

Delta Air Lines has reached agreement with its Flight Superintendents, represented by the Professional Airline Flight Control Association (PAFCA). The PAFCA agreement, ratified by its 171 members y, includes a 9-10% wage reduction and benefits changes similar to those being implemented across Delta

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Embraer delivers $110 million profit

Embraer recorded in the third quarter of 2005 net sales of $1,064 million and net income of $110.2 million. At the end of the quarter, the firm order backlog totaled $10.4 billion. This quarter, the Company generated positive net cash provided by operating activities of $379 million, a reflection of lower inventory and accounts receivable levels. In addition, the Company reversed its net debt position of $228 million at the end of 2Q05 to a net cash position of $97 million at September 30, 2005.

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Lufthansa lifts nine-month operating result to 471 million euros

In the first nine months of the year, the Lufthansa Group generated revenue of 13.3 billion euros, which is 4.3 per cent more than at the same stage in 2004. The operating result increased by 220 million to 471 million euros. Profit after tax rose to 416 million euros, which is a year-on-year improvement of 252 million euros. The cash flow generated from operating activities remained at the high level of 1.3 billion euros.

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Delta Air Lines lost $1.1 billion in third quarter

Delta reported a net loss for the September 2005 quarter of $1.1 billion, compared to a net loss of $646 million in the prior year quarter. Excluding the reorganization and special items described below, the September 2005 quarter net loss was $438 million, compared to a net loss of $592 million in the prior year quarter. The reorganization items result from Delta

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