CPI AEROSTRUCTURES The New York-based manufacturer enjoyed its best-ever revenue year in 2009, as sales jumped 23% to $43.9 million and pre-tax profits soared 52% to $5.86 million. Key subcontracts on the Gulfstream G650, Fairchild A-10 (pictured)and Northrop Grumman E-2D programmes drove sales growth, underpinned by "significant" cost cuts. Chief executive Edward Fred forecasts 2010 revenue of $48-51 million, rising to $78-81 million in 2011.
Source: Flight International
Emirates Airline remains resolutely focused on premium passengers, having taken a “diametrically opposite” view to many of its rivals as the industry emerged from the Covid-19 pandemic, says the carrier’s president Sir Tim Clark.
Bankrupt battery maker Northvolt had relationships with some of the best-known electric aviation start-ups but whether its financial troubles will impact its aerospace ambitions remains unclear.
Emirates Airline hopes by next summer to be operating both versions of the Airbus A350-900 it has on order, as deliveries of the widebody twin to the Gulf carrier ramp up.
