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September 27, 2011

IATA: Weak Economy, Weak Profits - 2012 Looking Even Tougher

Trade Group President Says Airlines Are 'Competing In A Very Tough Environment'

The International Air Transport Association (IATA) announced an upgrading of its industry profit expectations to $6.9 billion (up from $4.0 billion projected in June). IATA emphasized that, despite the improvements, profitability at these levels is still exceptionally weak (1.2% net margin) considering the industry’s total revenues of $594 billion.

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Boeing Clears The Way For Plant 2 Site Restoration

Major Milestone Makes Room For Wildlife Habitat

The last remaining steel steel structures that supported Boeing's Plant 2 for more than 75 years Boeing have been taken down, making room for site restoration, including development of five acres of wildlife habitat. Most of the old empty buildings formerly known as U.S. Air Force 17—but later called Plant 2 because it was Boeing's second assembly site—were demolished this year in conjunction with Boeing's commitment to environmental improvements that are vital to the Duwamish Waterway.

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Frontier Airlines To Shed Over 200 Jobs In Milwaukee

Carrier Files Mass Layoff Notice With State Of Wisconsin

It looks like Frontier Airlines is going to shed 213 jobs in Milwaukee, WI, beginning in November, according to documents filed Friday with the Wisconsin Department of Workforce Development. The positions lost will be at General Mitchell International Airport (KMKE).

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Aero-TV: Mission Accomplished -- ANA Accepts Delivery Of First 787 Dreamliner

And Best Of All... Boeing Gets to Cash A BIG Check!

It was a long time coming -- far longer than anyone at Boeing had imagined... but now, it's done. Finally. And the business of serial production of Boeing's game-changing can now begin in earnest. By the way, might I add that 787s ARE cheaper by the dozen? The line forms at the rear... On Monday, September 26th, 2011, more than 500 employees representing the 787 program walked alongside the all-new jetliner to present it to ANA executives as a crowd of thousands looked on. During the ceremony, Boeing Commercial Airplanes President and CEO Jim Albaugh presented a ceremonial key to Shinichiro Ito, president and CEO of A

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Two US Citizens Among Nepalese Crash Victims

Two Women From Utah Identified By US State Department

Officials have confirmed that two Americans were among 19 people who died in Sunday's crash of a Beech 1900D turboprop during a sightseeing flight just south of Katmandu in Nepal. The two, both women from Utah, were identified as 49-year-old Leuzi Cardoso and 40-year-old Heather Finch.

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NTSB Says 'Incorrect Manufacturing' Caused American Airlines Decompression

Area Of Cracking And Rupture Not Seen During Previous Inspections

In the probable cause report released last week concerning the rapid decompression of an American Airlines B757 departing from Miami October 26, 2010, the NTSB says 'incorrect manufacturing' was the source of an 18x7 inch hole which opened up in the upper fuselage of the airplane. Fortunately, the 757 landed safely back at Miami, and no one was injured in the incident.

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