Saint-Cloud, France, July 2nd 2019 – Dassault Aviation and RUAG announced the acquisition by Dassault Aviation of the maintenance and FBO activities of RUAG in Geneva and Lugano.
“The acquisition of the business aviation activities of RUAG is part of our strategy to develop a worldwide MRO network of excellence and will allow Dassault Aviation to reinforce its footprint in Switzerland. RUAG has been a long-time partner of Dassault Aviation as an authorized Falcon service center. This acquisition will consolidate our network in Geneva and Lugano. Both Geneva and Lugano FBO activities will complement the full range of services offered by Dassault Aviation in Switzerland”, declared Eric Trappier, Chairman and CEO of Dassault Aviation.
“We are extremely satisfied that we have completed this transaction with Dassault Aviation, a leader in manufacturing and maintaining aircraft”, said Urs Breitmeier, CEO of the RUAG Group. “They are an experienced partner of RUAG and can provide a strong foundation for successfully continuing operations in Geneva and Lugano, as well as for the future of the members of our staff at both sites”.
FILE PHOTO: A United Express Embraer ERJ-175LR airplane is pictured at Vancouver’s international airport in Richmond, British Columbia, Canada, February 5, 2019. REUTERS/Ben Nelms
(Reuters) – United Airlines on Tuesday reported a better-than-expected jump in first-quarter profit as it sold more tickets and cut costs, standing by its 2019 profit target even as its Boeing Co 737 MAX jets remain grounded.
Chicago-based United has removed its 14 MAX aircraft, which were suspended worldwide in March following two fatal crashes, from its flying schedule through early July, eating into U.S. airlines’ peak summer travel season.
Still, the airline’s parent United Continental Holdings Inc reiterated its estimate for adjusted earnings of $10 to $12 per share in 2019, and said its strategy for scheduling more flights out of its hubs was continuing to win customers.
Adjusted earnings per share rose to $1.15 in the first quarter, ending March 31, from 49 cents a year earlier, overcoming a U.S. government shutdown and severe winter weather earlier this year that curtailed flights.
Wall Street analysts on average had forecast 95 cents per share, according to IBES data from Refinitiv.
Its shares rose 2.8 percent in after-hours trading.
United has largely avoided cancelling MAX flights by servicing those routes with larger aircraft, but President Scott Kirby warned last week that the strategy could not last indefinitely.
The airline, which has been adding seats at a faster pace than rivals, trimmed its 2019 capacity growth target to between 4 percent and 5 percent from 4 percent to 6 percent previously, but did not say whether the decision reflected the effect of the grounded MAX.
Total operating revenue rose 7.1 percent to $8.73 billion in the quarter, while closely watched revenue per available seat mile rose 1.1 percent.
In the second quarter, United said it expects unit revenue to rise between 0.5 percent and 2.5 percent while unit costs, which fell 1.8 percent in the first quarter, were expected to be flat to 1 percent higher.
The No. 3 U.S. carrier is the first of three U.S. 737 MAX operators to report first-quarter results. Southwest Airlines Co and American Airlines Group Inc, which have removed their MAX jets from schedules into August, report on April 25 and April 26 respectively.
A Federal Aviation Administration review board said on Tuesday that it found a Boeing software update for the MAX to be “operationally suitable,” suggesting the lengthy regulatory process to get the planes back in the air was underway.
Rival Delta Air Lines Inc, which does not operate the 737 MAX, lifted its 2019 revenue forecast last week after reporting better-than-expected quarterly profit.
(Reporting by Tracy Rucinski in Chicago; Additional reporting by Sanjana Shivdas in Bengaluru; Editing by Bill Rigby)
(Reuters)
– Two bodies have been recovered from the wreckage of an Amazon Prime
Air cargo plane that nosedived into a bay outside Houston on Saturday,
and a search was ongoing for a third victim, authorities said.
All
three people aboard the Boeing 767 cargo jetliner operated by Atlas Air
Worldwide died in the crash as it approached Houston’s George Bush
Intercontinental Airport, Atlas and Boeing Co said in statements on
Sunday.
Chambers
County Sheriff Brian Hawthorne told a news conference on Sunday that
two bodies had been recovered and the search continued for the third
person as well as the plane’s black boxes.
The
sheriff’s office released a video showing fragments of the aircraft and
cargo littering mudflats after the tide went out in the bay, exposing
more of the crash site.
U.S.
National Transportation Safety Board (NTSB) Chairman Robert Sumwalt
said the agency obtained about five seconds of security video from a
local jail that showed the crash.
“The
aircraft is in the video as it’s descending in a steep descent, a steep
nose down attitude,” Sumwault told the press briefing, adding that
there was no distress call.
Asked
by a reporter if the incident was “anything more than a plane crash,”
Federal Bureau of Investigation Special Agent Perrye Turner said,
“that’s what we have right now.”
The
plane crashed at the north end of Trinity Bay near the small city of
Anahuac, about 20 miles (32 km) southeast of the airport around 12.40
p.m. (1340 EST) after taking off from Miami.
“This
is a sad time for all of us,” Bill Flynn, Atlas Air’s chief executive
officer, said in a statement. “Our team continues to work closely with
the NTSB, the FAA and local authorities on the ground in Houston.”
Atlas Air Worldwide has been operating Boeing 767 freighters on behalf of Amazon following a 2016 deal.
Boeing
said in a statement that it had sent a team to provide technical
assistance to the NTSB as it conducted its investigation.
(Reporting by Andrew Hay in Taos, New Mexico; Editing by Daniel Wallis & Simon Cameron-Moore)
NEW
YORK, Feb 23 (Reuters) – A Boeing 767 cargo jetliner with three people
on board crashed into a bay near Houston’s George Bush Intercontinental
Airport on Saturday, police and officials said.
Atlas
Air Flight 3591 was en route to Houston from Miami when radar and radio
contact with the plane was lost about 30 miles (48 km) southeast of the
airport, the Federal Aviation Administration said in a statement.
The
National Transportation Safety Board (NTSB) will be in charge of the
investigation, the statement said, and FAA investigators were on their
way to the crash site.
The
Chambers County Sheriff’s office said the plane had been located in
Jack’s Pocket, at the north end of Trinity Bay near the small city of
Anahuac, according to a Facebook post by the sheriff’s office.
Ed
Gonzalez, the sheriff of neighboring Harris County, which includes
Houston, said on Twitter his office was sending personnel to help with
the rescue efforts.
Boeing said on Twitter it was aware of reports of an accident involving a 767 in Texas and was gathering more information.
Atlas
Air said there were three people on board the aircraft. “Those people
and their family members are our top priority at this time,” the airline
said in a statement.
The
company, a subsidiary of Atlas Air Worldwide has been operating Boeing
767 freighters on behalf of Amazon following a 2016 deal.
“Our thoughts and prayers are with the flight crew, their families and friends along with the entire team at Atlas Air during this terrible tragedy,” Dave Clark, senior vice president of worldwide operations at Amazon, said in a statement.
(Reporting by Maria Caspani in New York Editing by Paul Simao)
(Bloomberg)
— It’s all-electric like a Tesla. It’s priced like a Ford Fiesta. It’s
one of the oddest-looking vehicles you’ve ever seen — and it may just
redefine the commuter car.
As
General Motors Co. prepares to shut the plant near Toronto that got
car-making started in Canada more than a century ago, a new model is
taking shape in a tiny production facility in Vancouver’s outskirts.
Meet the Solo — a one-seater vehicle made by Electra Meccanica Vehicles Corp. that costs $15,500. By December, 5,000 will be zipping around the streets of Los Angeles, with an additional 70,000 to be delivered over the next two years across the West Coast. Electra Meccanica may have a market value of just $80 million, yet it has $2.4 billion in pre-orders. The stock almost doubled in New York Wednesday.
PURCHASE, N.Y., Nov. 01, 2018 (GLOBE NEWSWIRE) — Atlas Air Worldwide Holdings, Inc. (AAWW) today announced strong third-quarter earnings growth and raised its outlook for full-year 2018, driven by ongoing market strength, customer demand and business development.
“We continue to leverage the scale and scope of our enterprise and our leadership in global aviation outsourcing,” said President and Chief Executive Officer William J. Flynn.
A funny thing happened to an older generation of Boeing Co. 747 jumbo jets on their way to dusty oblivion in desert parking lots.
Instead of being scrapped, the humpbacked planes are back in demand as workhorses of global shipping. Booming trade is stoking the need for big, long-range jets to haul time-sensitive goods, from Apple Inc. iPhones made in China to fresh flowers grown in Latin America.
Boeing is boosting production of its Everett-made 767 mid-sized jet due to demand from cargo companies and the military, CEO Dennis Muilenburg said Wednesday.
“Today, 767 Freighters are the best they have ever been, and demand continues to grow,” Muilenburg said. “The growth of the e-commerce market is fueling some of that.”
A charter flight between George Bush Intercontinental Airport (IAH) and the continent of Africa reportedly will end this month.
Known as the “Houston Express,” the 7,700-mile flight is operated by Atlas Air Worldwide Holdings (Nasdaq: AAWW) on behalf of SonAir Airline Services SA, a subsidiary of Angolan national petroleum company Sonangol Group. It would fly between IAH and Luanda, Angola, a few times per week throughout the year and is set to end March 28, according to reports from the Houston Chronicle, PointsPros Inc. travel blog One Mile at a Time and aviation news site Airline Geeks.
