The parent company of Hawker Beechcraft has announced that it has recorded a loss for the quarter ending June 27 as sales came in lower. The Hawker Beechcraft Acquisition Company (HBAC) recorded an operating loss of US$20.7m (A$22.7m) compared to a profit of US$39.4m (A$43.2m) for the same period last year. HBAC said that the
Cathay Pacific has announced that it plans to order A350-900s and exercise options on 777-300ERs after it recorded a major jump in profit. The Hong Kong based carrier and its Dragonair subsidiary announced that during the first half of 2010 that it earned a profit of HK$6.84bn (A$966m), a massive 724.4 per cent increase on
Embraer has increased its revenue guidance for the remainder of the year as it recorded an increase in net income for the second quarter. The Brazilian airframer recorded net profit for the quarter of US$70.3m (A$77m), an increase of 3.7 per cent although revenue over the same period decreased by 7.5 per cent to US$1.46bn
The Regional Aviation Association of Australia (RAAA) has expressed its concern that the major political parties are ignoring the transport issues faced by regional communities across Australia. “Regional aviation businesses including regional airlines, freight and general aviation businesses are an essential part of Australia’s national infrastructure and yet we have heard nothing from either the
Raytheon Australia has announced it will team with Bell Helicopter to offer the Bell 429 for the ADF’s Project Air 9000 Phase 7 Helicopter Aircrew Training System (HATS) for Army and Navy helicopter trainee pilots. The 429 is a medium twin engined helicopter with a large cargo area and rear hatch doors under the boom,
Cessna and Bye Energy Inc have announced a collaboration to design and develop an electrical propulsion system for a Cessna 172 Skyhawk as a proof of concept aircraft. “As we look at the landscape of alternative fuels for general aviation aircraft, the electric powerplant offers significant benefits, but there are significant challenges to get there,”
