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| Special items, cuts return Cathay Pacific to profit |
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Cathay Pacific Group returned to profit in 2009, posting a HK$4.69 billion ($604.9 million) surplus that was reversed from a restated 2008 loss of HK$8.7 billion, as fuel hedges, one-time gains and capacity and cost cuts boosted the bottom line. |
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| US regional growth could hinge on major airline labor negotiations |
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The current round of pilot negotiations at US major network airlines "will be the most important since deregulation" and could determine the future growth path for the regional airline segment, according to William Swelbar, a research engineer at MIT's International Center for Air Transportation. |
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| Airbus to increase A320 production despite souring financials |
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Despite reporting a €763 million ($1.04 billion) net loss in 2009, reversed from a €1.57 billion surplus the prior year, Airbus parent EADS yesterday announced an increase in the monthly A320 family production rate from the current 34 to 36 in December thanks to "continuing demand" and a "record backlog." |
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| LaHood: White House has 'an interest' in funding NextGen aircraft equipage |
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US Transportation Secretary Ray LaHood, speaking yesterday at the FAA Aviation Forecast Conference in Washington, said President Barack Obama's administration will "soon" make a decision on whether to allocate federal funds to equip commercial aircraft with NextGen ATC technology such as ADS-B. |
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