Monthly Archive: February 2013

Back In Business: Beechcraft Emerges From Chapter 11 – Forbes


Beechcraft, formerly Hawker Beechcraft, with headquarters and major manufacturing facilities in Wichita, Kansas, announced on February 19 that it has formally emerged from Chapter 11 after securing long-term financing that ends the bankruptcy process. The company’s Joint Plan of Reorganization was approved by the U.S. Bankruptcy Court for the Southern District of New York on …

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Qantas Profit Rises on Boeing Compensation –


SYDNEY—Qantas Airways Ltd. QAN.AU +2.79% said its first-half profit more than doubled, as compensation payments from Boeing Co. BA +0.17% for late plane deliveries masked an otherwise weak operating performance. Even so, investors took heart from a sharp narrowing in losses at the company’s international unit as an aggressive turnaround strategy that has led the …

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Lufthansa Group to buy 108 aircraft; swings to profit in 2012 – ATWOnline


Lufthansa Group has announced plans to purchase 108 new Airbus and Boeing aircraft, valued at €9 billion $12 billion based on list prices. The order will be made up of 100 short- and medium-range aircraft, as well as eight long-range aircraft. Deliveries are scheduled for 2015 to 2025. Lufthansa is in ongoing discussions with both …

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New American Airlines would keep O’Hare as hub, officials say –


AMR Corp., parent of American Airlines, and US Airways Group intend to merge and create the world’s largest airline, keeping Chicago O’Hare International Airport as a hub, airline officials said Thursday.In size, the combined airlines, to be called American Airlines, would edge out Chicago-based United Airlines, assuming the $11 billion merger is approved by regulators …

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