- Jetcraft Brings The Australia to The ATR Family[Jul. 31, 2007]
On July 30, Jetcraft Aviation, a specialist air charter company based in Brisbane, Australia, started operations with the first of two ATR 42-300s aircraft. This ATR 42-300 becomes the first ATR aircraft dedicated to freight operations in the South Pacific region.
- AerCap Holdings N.V. Announces The Pricing of Secondary Public Offering of Its Ordinary Shares[Aug. 01, 2007]
On August 1, AerCap Holdings N.V. announced that companies controlled by funds and accounts affiliated with Cerberus Capital Management, L.P. ("Cerberus"), its selling shareholders, had priced an offering of 20,000,000 ordinary shares at US$25.90 per share. The underwriters have a 30-day option to purchase up to an additional 3,000,000 ordinary shares from Cerberus to cover overallotments, if any. Cerberus will continue to hold approximately a 46% interest in AerCap (or a 42% interest if the overallotment option is exercised in full). AerCap will not receive any of the proceeds from the offering.
- Boeing Reports Second-Quarter EPS of US$1.35 and Raises 2007 Outlook[Jul. 25, 2007]
Boeing's second-quarter revenues rose 14 percent to US$17.0 billion on higher airplane deliveries with net income grew to US$1.1 billion and EPS increased to US$1.35 per share on higher volume and productivity gains.
- Qantas Finalises 18 Per Cent Shareholding in Pacific Airlines[Jul. 31, 2007]
On July 31, the Qantas Group finalised the first of three investment instalments taking its shareholding in Vietnam's second largest carrier, Pacific Airlines, to 18 per cent.
- Boeing, Air India Celebrate First 777-200LR Delivery[Jul. 26, 2007]
On July 26, the Boeing Company and Mumbai, India-based Air India celebrated the delivery of the airline's first 777-200LR (Longer Range) Worldliner airplane. This is the first 777 from Air India's order of 68 Boeing jetliners. The airline will receive an additional three 777-200LR Worldliner and three 777-300ER (Extended Range) airplanes this year.
- Delays Cut EADS Profit by 85%[Jul. 27, 2007]
European Aeronautic Defence & Space, parent of planemaker Airbus, said second-quarter profit fell 85 percent because of the cost of delays on the A380 superjumbo jet and redesigns of the A350 model.
- Peter Wojahn Named Chief Technical Officer at SWISS[Jul. 25, 2007]
The SWISS Board of Directors has appointed Peter Wojahn as the company's new Chief Technical Officer. Wojahn, who is an aviation engineer by profession, will assume his duties on September 1. He will also be a member of the SWISS Extended Management Board in his new capacity.
- SWA Exercises 737 Options in Exchange for Delivery Deferment[Jul. 23, 2007]
Recently, Southwest Airlines and Boeing reached an agreement under which the LCC deferred delivery of five 737-700s slated to arrive in 2008-13 and exercised options for 25 additional -700s for delivery in 2013 and 2014.
- Norwegian's Second Quarter Profit More Than Doubles[Jul. 23, 2007]
Norwegian is expanding profitably, reporting second-quarter net earnings of NOK44.7 million (US$7.8 million), more than double the NOK18 million earned in the second three months of 2006.
- American Reports Fifth Consecutive Profitable Quarter[Jul. 19, 2007]
Despite weather-related delays and cancellations and higher-than-expected fuel prices, American Airlines parent AMR Corp. posted net income of US$317 million in the second quarter, up 8.9% over a US$291 million profit in the year-ago period and its fifth consecutive quarter in the black following years of steep losses.