Economy of the United States

March 30, 2009 - 6:57am

Hawaii’s Island Air will fly de Havilland Dash 8s between Kahului, Maui, Lihue, Kauai and Hilo as Go!Express under the terms of a tentative code-share deal it signed with Mesa Air Group in late February.

March 30, 2009 - 4:59am

Hawker Beechcraft (HBC) tapped industry veteran Bill Boisture Jr. as its new chairman and CEO. He succeeds Jim Schuster, who announced his pending retirement in November after eight years at the helm of the Wichita-based aircraft manufacturer. Boisture’s high-profile business aviation career includes turns as president of fractional provider NetJets and aircraft manufacturers Gulfstream and Hawker predecessor British Aerospace Corporate Jets.

March 4, 2009 - 9:36am

Revenues at Berkshire Hathaway’s services group–which includes fractional provider NetJets and flight-training provider FlightSafety International–were $8.435 billion last year, an increase of $643 million over 2007. Overall, pre-tax earnings at the Berkshire division last year were relatively unchanged from 2007 at $971 million, according to the company’s financial report issued late last week.

March 2, 2009 - 5:42am

Delta Air Lines plans to base a new subsidiary in Minneapolis that would take over all customer service duties for Delta Connection unit Comair and Northwest Airlink carriers Mesaba and Compass Airlines by this year’s third quarter, according to an internal memo sent to employees.

February 27, 2009 - 11:46am

Textron has plans to boost its liquidity by at least $1 billion in the first half of this year and, if successful, the company “won’t have to think about selling any of our core assets,” according to chairman and CEO Lewis Campbell. The Providence, R.I.-based company has already divested itself of a lesser, unidentified asset and is in the process of exiting its finance business.

February 27, 2009 - 10:54am

Delta Air Lines plans to base a new subsidiary in Minneapolis that would take over all customer service duties for Delta Connection unit Comair and Northwest Airlink carriers Mesaba and Compass Airlines by this year’s third quarter, according to an internal memo sent to employees.

February 27, 2009 - 7:59am
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Boeing Commercial Airplanes plans to maintain current production rates through the end of this year and projects little likelihood that it would have to trim production by more than 10 percent next year, notwithstanding calls for far steeper cuts expressed by ILCF chief Steven Udvar Hazy.

February 12, 2009 - 10:05am

Textron has plans to boost liquidity by at least $1 billion in the first half of this year and if successful, said chairman and CEO Lewis Campbell on Tuesday, “We probably won’t have to think about selling any of our core assets.” The Providence, R.I.-based company has already divested itself of a lesser, unidentified asset and is in the process of exiting its finance business.

February 11, 2009 - 10:41am

Delta Air Lines plans to base a new subsidiary in Minneapolis that would take over all customer service duties for Delta Connection unit Comair and Northwest Airlink carriers Mesaba and Compass Airlines by this year’s third quarter, according to an internal memo sent to employees from Delta Connection senior vice president Don Bornhorst.

February 10, 2009 - 8:14am

Boeing had to announce a downward adjustment of its fourth-quarter and full-year earnings results yesterday to reflect a reduction in the value of aircraft in its customer financing portfolio and a rise in liabilities tied to an arbitration award. The change resulted in a four-cent-per-share lower result than it reported on January 28 in its Form 10-K filing with the U.S. Securities and Exchange Commission.

 
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