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.

Email Post to a Friend Email Post to a Friend

IAE launches ExecSelectSM

IAE International Aero Engines launched ExecSelectSM, a support program for Airbus corporate applications of the V2500 engine. ExecSelectSM is a combined engine upgrade and aftermarket support program which provides the customer with reduced and predictable operating costs, improved fuel burn and offers time-on-wing improvements. Under this program IAE will condition monitor engines and provide technical assistance when necessary and when an engine requires overhaul, IAE will provide full logistical support. The program is transferable from owner to owner.

Email Post to a Friend Email Post to a Friend

Airbus Corporate Jetliner (ACJ) has won its first US-based client

Airbus has won its first US-based client with the conclusion of a firm contract with a Florida-based customer for one Airbus Corporate Jetliner (ACJ). The Airbus ACJ powered by CFM International CFM56-5 engines is the most modern design, cost effective and reliable of any top-of the line jetliner. Its includes standard features such as: fuel-saving wingtip-fences, fly-by-wire controls and category 3B autoland capability. More than 50 Airbus ACJ Family aircraft have been ordered by customers in Asia, Europe, North America, Latin America and the Middle East.

Email Post to a Friend Email Post to a Friend

Ryanair will invest a $1 billion multi year expansion plan for its base at Frankfrut Hahn

The major expansion for its Frankfurt Hahn base will include 18 aircraft, over 50 routes, 8 m passengers, and create 8000 jobs. Announcing this major expansion in Mainz, the capital of Rhineland Palatinate, today, Michael O

Email Post to a Friend Email Post to a Friend

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.

Email Post to a Friend Email Post to a Friend

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

Email Post to a Friend Email Post to a Friend

Bombardier launches new Challenger 605 intercontinental business jet and new Learjet 60 XR High-Performance Midsize Jet

Bombardier Aerospace launched the new Bombardier Challenger 605 aircraft at the 58th National Business Aviation Association (NBAA) Annual Meeting and Convention. An increased payload capacity of 200 pounds (91 kg) provides customers with additional flexibility to either add more options, add one more passenger or 200 pounds (91 kg) of fuel, while retaining the legendary range, comfort and value expected from the Challenger family. Bombardier Aerospace raised the bar for the entire midsize jet category with the introduction of the Learjet 60 XR business jet at the 58th National Business Aviation Association (NBAA) Annual Meeting and Convention.

Email Post to a Friend Email Post to a Friend