Business: Good week - Bad week

Good week

ETIHAD The national airline of Abu Dhabi says 2010 revenue was up nearly 30% to $2.95 billion and it is on track to break even this year and turn its first profit in 2012. Passenger numbers broke the 7 million mark for the first time, and cargo revenue jumped 57.4% thanks to its expanding route network and the acquisition of two dedicated Airbus A330-200 freighters. A major cost management programme generated $320 million in annualised cost savings.

 

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Bad week

© BAE Systems

BAE SYSTEMS The UK defence giant has failed to offload a division that has a product portfolio ranging from fly-by-wire flight controls and mission avionics for military aircraft to hybrid electric power systems for city buses. New York state-based Platform Solutions had been on the market since September, but "despite considerable expressions of interest" BAE has called time on "this lengthy period of uncertainty" and taken the business off the market.

 

 

Source: Flight International