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Acapulco Fast Facts
...Specialist to assist you in arranging your travel to Acapulco! AIRLINES Carriers with direct flights from the U.S. - Aeromexico, American, AmericaWest, Continental, Mexicana. ARRIVAL/DEPARTURE Acapulco International Airport is approximately...
Oceans of Fire - Gregory Harrison, Steven Carver - Variety Profiles
www.variety.com
...Superior Sound Compact Sound Services Inc Deluxe Laboratories Panavision Cameras and Lenses Modern Film Effects Aeromexico Pemex Cancun Sheraton College of Oceaneering Domestic TV Distributor ITC Entertainment Group DBA Polygram...
http://www.variety.com/profiles/TVMOW/main/56967/Oceans+of+Fire.html?dataSet=1
GPEC Infrastructure, Utilities and Transportation
...takeoffs and landings annually, making it the 8th busiest airport in the world. Airlines Serving Greater Phoenix: AeroMexico/Aerolitoral Air Canada Air Tran Airways Alaska America West Express American American Trans Air British...
http://www.greaterphoenix.net/greater_phoenix_infa_utility_trans.asp
The Score by comScore Media Metrix (07-28-03) - iMediaConnection.com
...surprisingly, airlines that serve major Hispanic population centers and destinations, such as America West, Mexicana and AeroMexico, rank significantly higher among Hispanics compared to the total U.S. Internet population. More Consumer Action ...
News from Zibb.com
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AeroMexico announces launch of new service - Zibb.com
Oct 29, 2008 (AIRLINE INDUSTRY INFORMATION via COMTEX) --
AeroMexico has announced that it has launched a new non-stop service between Seattle/Tacoma International Airport and Los Cabos, Mexico.
The twice weekly flights are operated from Seattle/Tacoma on Thursdays and Sundays with return flights from Los Cabos on Fridays and Sundays.
The flights will be operated using Boeing 737 aircraft. Passengers will receive complimentary meals at meal times and beverages including cocktails.
Comments on this story may be sent to aii.feedback@m2.com
Embraer Releases Third Quarter 2008 Results in U.S. GAAP - Zibb.com
SAO JOSE DOS CAMPOS, Brazil, Nov 03, 2008 /PRNewswire-FirstCall via COMTEX/ --
The Company's operating and financial information is presented, except where otherwise stated, on a consolidated basis in United States dollars (US$) and in accordance with US GAAP. The financial data presented in this document for the quarters ended September 30, 2007, June 30, 2008 and September 30, 2008, are derived from the unaudited financial statements. In order to better understand the Company's operating performance, additional information is also presented at the end of this release, in accordance with accounting practices adopted in Brazil ("Brazilian GAAP")
Embraer (BOVESPA: EMBR3; NYSE: ERJ), the world's leading manufacturer of commercial jets with up to 120 seats, recorded third quarter 2008 (3Q08) net sales of US$ 1,546.0 million and net income of US$ 57.7 million, equivalent to diluted earnings per ADS of US$ 0.3190.
By the end of September 2008, the volatility of the Brazilian currency directly impacted Embraer's net results. The Company's policy to mitigate its exposure to currency variations is based on the balance between assets and liabilities indexed in foreign currency and on the daily management of its currency trading, since most of its revenues are denominated in dollars and possibly could act as a natural hedge for the Company. The trend of appreciation of the U.S.dollar against the real might cause losses in the Company's derivative instruments, but those losses tend to be compensated with an increase in operating revenues, since part of Embraer's costs are denominated in reais.
Embraer holds derivative positions, mostly Non-Deliverable Forward ("NDF"), to hedge its exposure to the Brazilian currency. Those instruments do not have any speculative component and serve exclusively to protect the Company's operations against a potential loss arising from adverse changes in currency exchange rates.
At September 30, 2008, Embraer's "NDF" positions totaled R$ 1,675.0 million (approximately US$ 875 million), with different maturity dates, as shown below:
Deri- Accounting Accounting
vative Notional Average Provision Provision
Instru- Original Current (in R$ Maturity at at
ment Currency Currency thousand) Rate 09.30.2008 09.30.2008
Maturity
up to
12/30/2008 574,290 1.7572 (53,268) (53,268)
Maturity
up to
03/31/2009 "NDF" US$ R$ 1,005,008 1.7254 (122,504) (122,504)
Maturity
up to
06/30/2009 97,715 1.9000 (5,011) (5,011)
TOTAL 1,675,013 - (180,783) (180,783)
Gain (loss)
The exchange rate used to mark the Company's "NDF" positions was R$ 1.9143 per U.S. 1.00 and the table below shows Embraer's foreign exchange gains and losses in each period and also its gains and losses in derivative positions:
US$ million
1Q08 2Q08 3Q08 9M08
Gain (loss) on derivatives(*) 9.6 55.6 (92.9) (27.7)
Foreign exchange gains (losses), net (4.1) (32.3) 58.7 22.2
TOTAL 5.5 23.3 (34.2) (5.5)
(*) Included in net financial income (expenses) line of the Statement of
Income
The balance between assets and liabilities is constantly monitored by the Company, as well as our investments in other currencies, but due to the strong volatility, when we analyze those numbers in the short term, big variations can be noted, and when we analyze the accumulated amount for the year, the numbers are in accordance with the operations of the Company.
Embraer delivered 48 aircraft during 3Q08, compared to 47 in the third quarter of 2007 (3Q07) and 52 aircraft in 2Q08, totaling 145 jets delivered in by September 30, 2008. Embraer reaffirms its estimate of delivering 195 to 200 jets in 2008, tending toward the higher figure, as well as ten to 15 Phenom 100 jets. Embraer's firm order backlog on September 30, 2008, reached a record high of US$ 21.6 billion, including sales to the Executive Aviation market, which backlog is approximately US$ 7.0 billion. The EMBRAER 170/190 jet family backlog accumulated a total of 865 firm orders and 813 options.
Net revenues for 3Q08 totaled US$ 1,546.0 million, an 8.2% increase over the US$ 1,428.5 million in net revenues for 3Q07, basically due to the higher number of aircraft deliveries and a more favorable product mix.
The gross margin for 3Q08 totaled 21.7%, representing an increase over the 21.2% in 3Q07 gross margin in despite the impact of the 13.0% decrease in the average exchange rate (R$/US$) on the portion of the Company's cost stated in reais, and the average increase of 10.13% in the payroll. The higher gross margin is due to productivity gains achieved since the improvement of the Company's industrial processes that started in mid-2007. The gross margin for 3Q08 is in line with the 21.9% for 2Q08.
Income from operations reached US$ 100.5 million in 3Q08, representing a decrease from the US$ 162.2 million recorded for the same period in 2007. The operating margin was 6.5% in 3Q08, representing a decrease from the 11.4% for 3Q07 and also a decrease from the operating margin of 6.9% for 2Q08.
Net income totaled US$ 57.7 million in 3Q08, compared to US$ 194.9 million in 3Q07 and US$ 134.4 million in 2Q08. The net margin decreased to 3.7% in 3Q08, compared to 13.6% in 3Q07 and 8.2% in 2Q08.
The Company maintained its high level of liquidity, and its net cash position was US$ 491.9 million for the quarter ended September 30, 2008.
THIRD QUARTER 2008 in perspective
INDIAN GOVERNMENT ACQUIRES THREE EMBRAER EMB 145 AEW&C JETS
Embraer and the Indian Government signed an agreement for three EMB 145 AEW&C (Airborne Early Warning & Control) jets. The contract includes a comprehensive logistics package comprised of training, technical support, spare parts, and ground support equipment.
EMBRAER SELLS FIVE EMBRAER 190 JETS TO CHINA'S KUN PENG AIRLINES
Embraer and Kun Peng Airlines Co., Ltd., one of the main operators in the Chinese regional aviation market, signed a contract for five firm orders for the EMBRAER 190 jet, marking an important expansion of Embraer's presence in mainland China.
EMBRAER AND AEROMEXICO SIGN A CONTRACT FOR 12 EMBRAER 190 JETS
Embraer signed a contract with Aeromexico for 12 EMBRAER 190 jets, as part of the airline's modernization plan. The new aircraft will be flown by its Aeromexico Connect subsidiary, which already operates 28 ERJ 145 jets, and has taken operating leases on an additional four EMBRAER 190 jets from GE Commercial Aviation Services (GECAS), since November 2007.
EMBRAER AND NAS AVIATION CONFIRM FIVE ADDITIONAL EMBRAER 190 JETS
Embraer and Saudi Arabia's National Air Services (NAS) Aviation confirmed options on five additional EMBRAER 190 jets. The original contract, covering five firm orders and five options, was announced in November 2007, during the Dubai Airshow. The airline also retains purchase rights for 12 additional aircraft of the same model.
EMBRAER SELLS FIVE EMBRAER 190 JETS TO NIKI AIRLINE
Embraer and Austria's NIKI Luftfarht GmbH signed a contract for five EMBRAER 190 jets. The agreement includes purchase rights for another five aircraft, which could be either the EMBRAER 190 or the EMBRAER 195.
EMBRAER TO CREATE TWO CENTERS OF EXCELLENCE IN PORTUGAL
In a ceremony held in Lisbon, Embraer announced plans for implementing two new industrial units dedicated to manufacturing complex airframe structures, being one focused on metallic assemblies and the other on composites, both of which to be located in the city of A%vora, Portugal.
EMBRAER WILL SUPPLY THE SUPER TUCANO TO THE CHILEAN AIR FORCE
Embraer and the Chilean Air Force (FACH) signed a contract for 12 Super Tucano aircraft. This is a result of a public bid held by the FACH, which chose the airplane manufactured by Embraer as the best solution for the tactical training of its pilots. The first Super Tucano is expected to be delivered in the second half of 2009.
EMBRAER MADE FIRST E-JETS SALE TO MONTENEGRO AIRLINES
Embraer announced the sale of the first EMBRAER 195 jet to Montenegro Airlines. The agreement with the airline from the Republic of Montenegro also includes purchase rights for two more aircraft of the same model.
EMBRAER OPENED TWO NEW EXECUTIVE JETS SERVICE CENTERS IN THE U.S.
Embraer celebrated the opening of its facilities at Phoenix-Mesa Gateway Airport, in Mesa, Arizona, and another hangar at Bradley International Airport, in Windsor Locks, Connecticut. The new facilities are dedicated to full-service care for the Company's Phenom 100, Phenom 300, Legacy 450, Legacy 500 and Legacy 600 executive jets.
SOURCE Embraer
http://www.embraer.com.br
Tags: accounting acquisition air force aircraft airline airport arizona austria aviation brazil china commercial connecticut contract currency earnings executive expansion family foreign exchange gaap government indian government industrial manufacturer manufacturing market nyse policy portugal productivity sales saudi arabia training united states
Companies: Embraer-Empresa Brasileira de Aeronautica S.A. (ERJ)
AeroMexico to launch new service between Salt Lake City and Mexico City - Zibb.com
Oct 28, 2008 (AIRLINE INDUSTRY INFORMATION via COMTEX) --
AeroMexico has reported the launch of twice weekly non-stop flights between Salt Lake City in Utah and Mexico City.
The new service, which will be operated on Thursdays and Sundays, will be launched on 16 November.
The airline will operate the service on Boeing 737 aircraft. Passenger will be offered complimentary full meals at meals times and beverages including cocktails.
Holiday packages including airfare on the route, hotel accommodation and car rental will be available through AeroMexico Vacations.
Comments on this story may be sent to aii.feedback@m2.com
OMA's September 2008 Total Passenger Traffic Decreases 7.5 percent - Zibb.com
MONTERREY, Mexico, Oct 7, 2008 (GlobeNewswire via COMTEX) --
Mexican airport operator Grupo Aeroportuario del Centro Norte, S.A.B. de C.V., known as OMA, reports that total passenger traffic (terminal passengers) at its 13 airports decreased 7.5% in September 2008, as compared to September 2007.
Domestic traffic in September 2008 decreased 7.0% (-63,818 passengers), compared to the prior year period. The airports that reported the most significant reductions were Durango, Mazatlan, Ciudad Juarez, Culiacan, Tampico, Torreon, Chihuahua, and Monterrey; all were affected by the reduction in frequencies by Aviacsa and VivaAerobus, the suspension of Aerocalifornia, and the departure of Avolar from the OMA airports where it operated. Reynosa, Zihuatanejo, Acapulco, San Luis Potosi, and Zacatecas increased domestic traffic. Several route openings were notable: Interjet started operating routes between Mexico City and Acapulco, Ciudad Juarez, Tampico, and Zihuatanejo; and Aeromexico Connect started the Monterrey-Queretaro route.
International traffic decreased 10.8% (-15,482 passengers) in September 2008, as compared to September 2007. The tourist destination airports of Mazatlan, Zihuatanejo, and Acapulco continued the decreasing trend of recent months, principally caused by the exit of Delta and a reduction in frequencies by other U.S. carriers. These same factors affected Zacatecas, Durango, and Culiacan, among others, resulting in a decrease in international passengers.
Total Passengers*
---------------------------------------------------------------------
(Thousand) Sep- Sep- Change% Jan-Sep Jan-Sep Change%
07 08 2007 2008
Domestic 913 849 (7.0) 8,725 9,075 4.0
International 143 128 (10.8) 1,886 1,845 (2.2)
---------------------------------------------------------------------
OMA Total 1,056 977 (7.5) 10,611 10,920 2.9
---------------------------------------------------------------------
*Terminal passengers: excludes transit passengers
By airport
Monterrey, OMA's principal airport, served 492,136 passengers in September 2008, a decrease of 5.3% (-27,425 passengers) compared to the same month of 2007. Domestic traffic at Monterrey airport decreased 6.0% principally as a result of a lower volume of traffic on Aviacsa and the cancellation of some flight frequencies by VivaAerobus. International traffic decreased 1.2%, affected by a reduction in flight frequencies by Continental.
Acapulco, OMA's third largest airport, recorded growth of 3.6% in September. Domestic traffic increased 7.3% as a result of an increase in passenger traffic to and from Toluca and general aviation. International traffic declined 24.2% principally as a result of a reduction in traffic to Los Angeles, Houston, and Phoenix.
The Reynosa airport continued to generate positive results. September total passenger traffic increased 24.9%, largely because of the performance of Volaris, Click Mexicana, and Alma.
About OMA
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V., known as OMA, operates 13 international airports in nine states of central and northern Mexico. OMA's airports serve Monterrey, Mexico's third largest metropolitan area, the tourist destinations of Acapulco, Mazatlan, and Zihuatanejo, and nine other regional centers and border cities. OMA employs over 950 persons in order to offer passengers and clients, airport and commercial services in facilities that comply with all applicable international safety, security standards, and ISO 9001:2000. OMA's strategic shareholder members are ICA, Mexico's largest engineering, procurement, and construction company, and Aeroports de Paris Management, subsidiary of Aeroports de Paris, the second largest European airports operator. OMA is listed on the Mexican Stock Exchange (OMA) and on the NASDAQ Global Select Market (OMAB). Please visit our website, www.oma.aero.
This press release may contain forward-looking information and statements. Forward-looking statements are statements that are not historical facts. These statements are only predictions based on our current expectations and projections about future events. Forward-looking statements may be identified by the words "believe," "expect," "anticipate," "target," or similar expressions. While OMA's management believes that the expectations reflected in such forward-looking statements are reasonable, investors are cautioned that forward-looking information and statements are subject to various risks and uncertainties, many of which are difficult to predict and are generally beyond the control of OMA, that could cause actual results and developments to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. These risks and uncertainties include, but are not limited to, those discussed in our Annual Report filed on Form 20-F under the caption "Risk Factors." OMA undertakes no obligation to publicly update its forward-looking statements, whether as a result of new information, future events, or otherwise.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: Grupo Aeroportuario del Centro Norte S.A.B. de C.V.
OMA
Victor Bravo Martin, CFO
+52.81.8625.4300 ext.308
vbravo@oma.aero
Zemi Communications
Daniel Wilson
+1.212.689.9560
dbmwilson@zemi.com
Tags: airport annual report aviation commercial construction engineering market mexico paris security standards traffic
Companies: Grupo Aeroportuario del Centro Norte Sab de CV (OMAB)
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Aeromexico - Filmography, Year, Role - Variety Profiles
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