Good Week  

CAE, which is poised for further growth after posting first-quarter earnings almost 60% higher year-on-year at C$32.7 million ($29 million) on sales of C$302 million. "We are now operating from a solid financial base and with an effective structure, which enables us to benefit more fully from improved market conditions," says Robert Brown, CAE chief executive. The Montreal-based company won orders for eight full-flight simulators during the first quarter.

 

CPI AEROSTRUCTURES, whose share price plunged after it revealed its second- quarter revenues had been hit hard by supplier problems "including delays and poor workmanship", which caused "significant overtime and rework costs", CPI says. Second-quarter revenues were 61% lower year-on-year at $2.46 million, with a net loss of $1.33 million. Chief executive Edward Fred says CPI has "taken the steps necessary to improve the efficiency and productivity of our operations".

 

Bad week 




"I flew 17h to thank Mr Mulally because I will become a millionaire because of this aircraft!"

Rusdi Kirana, president-director of Indonesian airline Lion Air, at the roll-out of the first 737-900ER, for which it is launch customer

Rusdi Kirana 

 

Source: Flight International

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