Business: Good Week - Bad Week

Good Week

© Aerovironment

AEROVIRONMENT The unmanned aircraft and efficient electric energy systems maker boosted pre-tax profits by 34% to $7.8 million in its first quarter ended 2 August, attributing a 9% revenue rise, to $53.6 million, in part to its Global Observer high-altitude long-endurance unmanned air vehicle programme. In 2007 the US Special Operations Command contracted the company to build a new version capable of flying non-stop for up to seven days.

 

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Bad Week

© Boeing

FURURA Things can only get better, unless they get worse. First, the struggling Palma de Mallorca-based carrier ceased operations and initiated insolvency proceedings. Then, Spanish authorities ordered the impounding of a Futura Boeing 737-800 on wet-lease to SunExpress in Turkey. Spain's ministry of public works is to assess Futura's position and requested that the company submit a business plan and details of its finances

 

Source: Flight International