Investigators Probe Cause of Qantas Engine Failure

Airbus SAS and Rolls-Royce Group launched an investigation into why an engine on a Qantas Airways (QUBSF) A380 exploded while the plane was in the air, forcing an emergency landing in Singapore.

Investigators from aviation authorities in France, Aust…

Berkshire Hathaway’s NetJets Buys Marquis Jet

NetJets, a private aviation company selling fractional ownership in its planes, announced Thursday that it would buy Marquis Jet, a private jet cards company that sells the use of NetJets’s planes in 25-hour blocks. Marquis Jet…

British Airways Reports First Quarterly Profit in Two Years

British Airways (BAIRY) posted its first quarterly profit in two years thanks to higher ticket prices.

The company reported earnings of 229 million pounds ($365 million) for the quarter ended Sept. 30, compared with a loss of 111 million pounds a year earlier, according to Bloomberg News.

Sales rose 18% to 2.51 billion pounds.

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British Airways said that yields – a measure of…

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British Airways Reports First Quarterly Profit in Two Years originally appeared on DailyFinance on Fri, 29 Oct 2010 06:47:00.

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Japan, U.S. Sign Treaty to Boost Air Travel

Japan and the U.S. signed a treaty that will reduce barriers to flights between the countries and encourage collaboration between the countries’ airlines, Bloomberg News reported.

“I am optimistic that we will see an increase in the numbers of passengers traveling between our countries,” said U.S. Ambassador John Roos, after signing the treaty in Tokyo.

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The treaty will reduce…

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Japan, U.S. Sign Treaty to Boost Air Travel originally appeared on DailyFinance on Mon, 25 Oct 2010 08:47:00.

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