Air China Limited reports 2007 annual results

Air China Limited, China’s national flag carrier, released its financial results for the twelve months ended December 31, 2007. In fiscal year 2007, according to International Financial Reporting Standards (”IFRS”), the Company’s operating revenue increased by 14.2% to RMB51.33 billion from RMB44.94 billion in 2006. This increase was primarily attributed to the continued solid growth of passenger and cargo services. Passenger and cargo revenue saw a 14.7% increase to RMB47.7 billion, from RMB41.6 billion in 2006. The growth in revenue was a combined result of improvements in capacity and load factor. Net profit attributable to shareholders grew 57.3% to RMB4.23 Read more

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Qantas selects Boeing's Airplane Health Management

Qantas Airways’ fleet of 747-400 airplanes will be monitored by Boeing’s Airplane Health Management (AHM), a software system that helps airlines improve the management of unscheduled maintenance events. In addition, Qantas will use Airplane Health Management for future 787 Dreamliner deliveries. Qantas has 65 Boeing 787s on order. Qantas’ 30 747-400s will use Airplane Health Management to gather and evaluate critical in-flight data on the real-time flying condition of its airplanes, information that can be used across the enterprise to identify and address overall efficiency.

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Lufthansa pays around 269 million Swiss francs for SWISS out-performance option

Three years to the day since the announced integration of SWISS in the Lufthansa Aviation Group, the former majority shareholders of the Swiss carrier will shortly be receiving the payout for their out-performance option from the German airline. In exchange for their onetime SWISS shares, they will be paid a total of about 269 million Swiss francs (about 172 million euros). The payout level depends on the performance of the Lufthansa share price compared with the share price of a specified group of competitors (British Airways, Air France/KLM, Iberia). In the reference period Lufthansa shares have out-performed the defined basket Read more

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FedEx Corp. reports third quarter earnings

FedEx Corp. reported for the third quarter revenues of $9.44 billion, up 10% from $8.59 billion the previous year, operating income of $641 million, unchanged from a year ago, operating margin of 6.8%, down from 7.5% the previous year and net income of $393 million, down 6% from last year

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