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Bankrupt American Airlines tells a familiar tale

It’s a familiar American airline story. Delta Air Lines went through it, so did United Airlines. Now it is Fort Worth, Texas-based American Airlines’ turn to carry the can.

But for American this time, it never rains but pours. Parent AMR Corporation is operating under Chapter 11 bankruptcy protection. A take-over by the fifth-largest US carrier US Airways is on the

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Special Report: Boeing remains formidable even if BAE/EADS merger goes ahead

In further normalising the business structure from political interference, European Aeronautic, Defence and Space Co. (EADS) is exploring a US$45 billion merger with Europe’s largest defence contractor BAE Systems, which will create the world’s biggest integrated aerospace company with an annual revenue of US$93 billion (€72 billion) and 200,000 employees worldwide, eclipsing Chicago-based Boeing’s 2011 revenue of US$68.7 billion. However,

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Merging with US Airways makes most sense for American

When Tempe, Arizona-based US Airways announced a record US$321 million 2012 second-quarter net profit excluding special charges, up 203% from the corresponding period in 2011, it stood in sharp contrast to American Airlines’ parent AMR Inc., which reported a net loss of US$241 million despite record quarterly revenue of US$6.5 billion as well as artificially low operating costs due to

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Boeing 737 MAX ups the ante in dogfight with A320neo

At last year’s Paris Air Show, there were blue skies and the airline industry managed to stay relatively healthy despite soaring oil prices and an anaemic global economic recovery, with a year-end industry-wide profit of US$7.9 billion, according to Geneva-based industry body International Air Transport Association (IATA). Fast forward 12 months and the global economy was in a very different

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Qantas on a wing and a prayer

It is dubbed as a perfect storm for Australian flag carrier Qantas Airways. The flying kangaroo said a confluence of negative factors weighing on its bottom line, including high oil prices, high Australian dollar, coupled with a weakening yield picture as a result of the ensuing European sovereign debt crisis, will lead the carrier to suffer from a post-tax loss

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The showdown in re-engined narrowbody battle begins

As the global economy takes a turn for the worse with weakening passenger yields and a cargo doldrum significantly hurting airlines’ bottom line, there is little visibility beyond the runway, let alone leaping into the unknown by spending billions of dollars on hundreds of shiny new metals that are not going to be delivered five to six years from now,

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Boeing 737 MAX dual-feather winglet teleconference highlights

Beverly Wyse, Boeing 737 programme vice president (VP) & general manager (GM)

– This kind of improvement is consistent with our demonstrated performance on delivering increasing value to our customers on-time throughout the life of the programme.

– Since entry into service on the 737, we continue to improve the

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Boeing posts strong 2012 first-quarter results

Chicago-based Boeing, the world’s largest aerospace company, posted an exceptionally strong first-quarter results which beat Wall Street analysts’ forecast and saw its net income for the quarter soaring by a staggering 58% from US$586 million a year ago to US$923 million this year. The better-than-expected results came as the company recorded a US$0.11 per share positive impact from the release

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Boeing continues to optimise 737 MAX

During the first-quarter, Chicago-based airframer Boeing continues to rack up orders and commitments for its re-engined 737 MAX aircraft, garnering 301 firm orders, including 100 737 MAX 8s from Oslo-based low-cost carrier (LCC) Norwegian Air Shuttle (NAS) and 201 737 MAX 9s from Indonesia-based LCC Lion Air in the three months ending 31st March. Its transatlantic arch-rival Airbus, in contrast,

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A350, EU ETS Airbus’ biggest challenges in 2012 & beyond

2011 was a banner year for aerospace conglomerate European Aeronautic, Defence and Space Company N.V. (EADS). Beyond winning 1,276 firm orders for the re-engined Airbus A320neo and turning it into the fastest selling commercial aircraft in aviation history, as well as the arrival of the first sections of the A350 XWB in Toulouse and the commencement of final assembly

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