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Auckland Airport improves profit
Auckland International Airport Limited has recorded a 4.7 per cent increase in first half profit for the six months ending December 31, despite a fall in retail revenues. The airport recorded a profit of NZ$54m (A$42m) for the six month period, compared to NZ$51.6m (A$40m) during the corresponding period last year. This was on the
Read moreTiger leaps to third quarter profit
Tiger Airways Holdings has recorded a S$14.1m (A$11.3m) net profit for the quarter ending December 31, with CEO Tony Davis noting that its Australian operations have now been profitable for two quarters. The profit, which was a turnaround from the S$7.7m (A$6.2m) loss reported during the previous corresponding period, came on the back of a
Read moreUnited confirms 787 order
United Airlines and Boeing have confirmed an order for 25 787-8s and 50 options, valued at US$4.2bn (A$4.7bn) at list prices. United is intending to use the 787s to replace its 767-300s used on international services. The carrier has also announced its intention to order Airbus A350-1000s which will replace its fleet of 777-200s.
Read moreAir NZ sees profit soar
Air New Zealand has doubled its profit for the first half of the financial year, but is expecting a weaker second half due to the effects of currency hedges. The airline recorded a net profit of NZ$56m (A$43.5m), compared to NZ$24m (A$18.6m) for the previous corresponding period. Revenues declined over the six months by 15
Read moreMinor project changes reflected in updated DCP
/The Commonwealth has revealed few changes in its first planned six monthly update of the 2009 Defence Capability Plan (DCP). Many of the changes in the updated version reflect projects that have matured to first pass approval since the previous version was published in July 2009, including the seven new CH-47F Chinooks to be acquired
Read moreRAAF accepts first Super Hornet
The RAAF has officially accepted the first of 24 F/A-18F Super Hornets at a ceremony at NAS Lemoore in California on February 18. The aircraft, A44-203, was signed over to the DMO by representatives of the US Defense Contract Management Agency in the presence of RAAF and US Navy officials. Aircrews and maintenance personnel from
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