Atlas Air took a charge of nearly $17 million in the second quarter, ending 30 June. The charge relates to the US cargo carrier's decision to return five leased Boeing 747-200s to FedEx early in 1998 because of their "operational limitations, unreliability and continuing high costs". The company also disclosed a one-time $17 million gain in the financial period related to refinancing of $235 million of debt.
Source: Flight International
Germany’s Deutsche Aircraft has selected UK-based engineering specialist Senior to provide key systems for its D328eco turboprop.
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 ...
Airbus is implementing a short-term cost-containment programme intended to support its production ramp-up efforts. Speaking during a first-half briefing, chief executive Guillaume Faury said the aim of the programme – which has been designated ‘Lead’ – is to prioritise serving the ramp-up and financial performance, and avoid being “distracted”. He ...
