American, Travelport reach settlement
American Airlines and
Travelport have reached a
settlement under which all
litigation between the two
companies has been resolved.
In addition, they will enter into
a new, long-term global distribution agreement.
In April 2011, American sued
Travelport, claiming the global
distribution system (GDS) com-
pany had committed violations
of US antitrust law. In a state-
ment issued March 13 announc-
ing the settlement, Travelport
said, “All of our subscribers will
continue to access American’s
full content, while American
can merchandize its full line of
products through Travelport.”
Last year, American ended
a similar dispute with Sabre
Avianca Taca taps CFM engines for A320neos
Avianca Taca has chosen
CFM International LEAP-1A
engines to power the 33 Airbus
A320neo family aircraft it has
The airline also ordered
CFM56-5B engines to power
18 classic A320 family aircraft.
Avianca Taca earlier this year
firmed an order for 51 A320 family aircraft, 33 of which are neos.
Including a comprehensive
engine maintenance service
package signed by the airline, the engine-order agreement is valued at $2.7 billion.
EMBRAER 2012 NET PROFIT JUMPS TO $349 MILLION
Embraer reported a 2012 net profit of $348.6 million,
significantly widened over $120.4 million in net income
in 2011, on a 6.5% rise in revenue to $6.18 billion.
The Brazilian manufacturer reversed a 2011 fourth-quarter net loss of $88.6 million to earn a $122.7 million net profit in the 2012 December quarter. Embraer
delivered 106 commercial aircraft in 2012, one more
than the 105 delivered in 2011. Deliveries in 2012 were
led by 62 E-190s.
“The mix of products and revenues for the year, the
company’s ongoing focus on its programs directed
towards improving productivity and efficiency,
the appreciation of the US dollar against the real,
as well as the stimulus packages implemented
in Brazil” all helped improve operating margin,
Embraer said in a statement.
The company reiterated that it continues analysis of
a second generation E-Jet “with a potential entry into
service scheduled for 2018.”
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