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Airbus reports profit decline amid production issues and delivery delays
/Airbus is banking on a big second half of calendar 2016 after production issues delayed aircraft deliveries and dragged down profitability in the first quarter of the current year. The company reported net profit of EUR365 million euros for the three months to March 31 2016, down 50 per cent from EUR792 million in the
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Boeing reports first quarter profit decline, reaffirms guidance
/Boeing has reaffirmed its 2016 forecast for revenue and aircraft deliveries after posting a nine per cent drop in net profit in the first quarter, when it delivered fewer aircraft and took a one-off change on its KC-46 tanker project. The manufacturing giant said net earnings (or net profit) fell nine per cent to US$1.2
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Jetgo to start new Albury-Brisbane service
/ | 23 Comments on Jetgo to start new Albury-Brisbane serviceRegional carrier Jetgo plans to offer nonstop flights between Albury and Brisbane from June 20. The route will be served four times a week with 36-seat Embraer ERJ-135 jets, with Albury the airline’s third destination in regional NSW alongside Dubbo and Tamworth. Jetgo managing director for airlines Paul Bredereck said Albury was a market with potential
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TAAAF calls on government to privatise Airservices
/ | 6 Comments on TAAAF calls on government to privatise AirservicesThe Australian Aviation Associations’ Forum has called for the privatisation of Airservices, with the funds used to set up an Aviation Future Fund. The Forum says the current Airservices’ model is “no longer capable of effectively responding to emerging aviation opportunities or the need for greater efficiency”. “The partially-corporatised model under which Airservices Australia has
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Etihad says partnerships supported record year of profit in 2015
/Etihad Airways says almost 30 per cent of passengers travelling on its aircraft in calendar 2015 were from its codeshare and alliance partnerships with other carriers. The figures were contained in the Abu Dhabi-based carrier’s financial results for calendar 2015 and released on Wednesday (United Arab Emirates time). The results show Etihad flew 17.6 million
Read moreBAE Systems Australia appoints Ian Watt to board
/BAE Systems Australia has named former senior public servant Dr Ian Watt AO as non-executive chairman, Australia, on an expanded board. In a public service career that stretches almost two decades, Dr Watt previously served as Secretary of the Department of Prime Minister and Cabinet, Secretary of the Department of Defence and was Australia’s longest
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