Air Macau has plunged into the red, taking a 75.7 million pataca ($9.5 million) loss for 1998 after profits of 79 million patacas over the previous 12 months. The loss comes despite a reported 14% increase in passenger traffic and a 42% rise in cargo turnover during the year. Air Macau, an Airbus A320-family operator, serves 12 Asian destinations and is restructuring its route network to eliminate unprofitable services, shelving plans for flights to Europe.
Source: Flight International
Boeing still aims by year-end to boost production to 38 737s and five 787s monthly, returning to output levels at which the company had said it was operating prior to this year’s production slowdown.
Longtime aerospace executive and former Collins Aerospace chief Kelly Ortberg will succeed David Calhoun as Boeing’s chief executive on 8 August.
Airbus chief executive Guillaume Faury says the airframer has been “blindsided” by a sharp drop-off in CFM International Leap engine deliveries, and is waiting to see how soon the powerplant manufacturer can recover. Speaking at a half-year briefing on 30 July, Faury said the Leap delays were “not factored” into ...
