Virgin Blue half yearly profit drop in line with forecast
Virgin Blue Holdings Limited has reported an underlying net profit before tax of $72 million, down almost 63 per cent, while posting a net profit after tax of $24 million (down 8.5 per cent), for the half year ending December 31. The company says the underlying and net profit results were in line with guidance
New look night show set for Avalon
A new look night show spectacular featuring a high energy laser show and flare drop is set dazzle audiences ahead of Avalon’s 2011 Australian International Airshow. Popularly known as ‘Friday Night Alight’, the airshow’s signature event will also feature expected acrobatic performances by military jets and, gliders, and the use of pyrotechnics to cap off
LockMart receives F-22 support contract
The US Air Force’s fleet of F-22 Raptors will continue to be maintained by Lockheed Martin this year, after the manufacturer received a US$726.6 million contract modification. Lockheed’s new deal for 2011, known as a Follow-On Agile Sustainment for the Raptor (FASTeR) sustainment contract, was initially awarded in 2008 with the USAF exercising an option
Phenom 300 gets medivac upgrade
Embraer has equipped one of its new Phenom 300 jets with a medevac capability after confirming a sale with medical organisation, Amil Assistência Médica on February 18. The deal will see the first Medevac equipped version of Emraer’s Phenom 300 executive jet, which went into operation in Brazil in May 2010. The specially modified Phenom
Australia Post celebrates RAAF’s 90th Birthday
Australia Post has celebrated the RAAF’s 90th birthday with the release of an Air Force Aviation commemorative stamp issue. Four stamps featuring an F-111, F/A-18F Super Hornet, AEW&C Wedgetail, and C-17 Globemaster III aircraft were released on February 22 via mail order and online. The stamp issue will also be available at the International Air
RR awarded US$246 million support contract for C-130
Rolls-Royce has secured two major support contracts totalling US$246 million to service C-130 Hercules’ engines currently in operation with US and UK forces. The engine manufacturer will provide the US Air Force (USAF) with comprehensive propulsion system services for its fleet of C-130J aircraft under a US$203 million ‘MissionCare’ contract modification, while also signing a
