Company Watch - Northwest Airlines.Dec 11, 2006 Northwest Airlines reported a $37 million consolidated October profit on $1.03 billion in revenues. Year-ago figures were not available, but the airline did lose $346 million in the six weeks following its entry into bankruptcy on Sept. 14, 2005. NWA's October expenses came to $980 million and its operating profit Operating profit (or loss) Revenue from a firm's regular activities less costs and expenses and before income deductions. operating profit See operating income. was $52 million. It has forecast a "modest profit" for 2006 excluding reorganization items. Dec 4, 2006 Northwest Airlines plans to retire all its DC-10s by the end of next month and said it marketed the seven planes to "70 potential purchasers." ATA's offer, which was not revealed, "represents the best available transaction for the sale of the aircraft," it said in the filing. Northwest operated 24 DC-10-30s prior to entering bankruptcy but said it will have just one left if the sale to ATA (1) (AT Attachment) The specification for IDE drives. See IDE. (2) See analog telephone adapter. ATA - Advanced Technology Attachment is cleared, and will remove all such aircraft from service no later than Jan. 31. The agreement with ATA calls for the DC-10s to be delivered beginning this month and continuing through February. Each of the seven will be sold with three engines, NWA NWA Northwest Airlines (ICAO code) NWA Northwest Arkansas NWA National Wrestling Alliance NWA National Weather Association NWA National Works Agency (Jamaica) NWA Network Analyzer said. Two additional spare engines also will be sold to ATA. Dec 7, 2006 NWA reaches agreement to sell seven DC-10s to ATA Airlines ATA Airlines, Inc., formerly known as American Trans Air, is an American low-cost scheduled service and charter airline based in Indianapolis, Indiana. ATA operates scheduled passenger flights throughout the US mainland and Hawaii, as well as military and commercial charter . Bankrupt Northwest Airlines said in a court filing yesterday that it has agreed to sell seven DC-10-30s to ATA Airlines, a transaction NWA said would bring "relief" that will help it to reorganize re·or·gan·ize v. re·or·gan·ized, re·or·gan·iz·ing, re·or·gan·iz·es v.tr. To organize again or anew. v.intr. To undergo or effect changes in organization. and eventually emerge from Chapter 11 protection. Dec 6, 2006 Editor: Aram Gesar, eMail: edit@AirGuideOnline.com For more global news, reviews, features and analysis, please go to: http://www.airguideonline.com/onlinenews.htm To Subscribe to Verb 1. subscribe to - receive or obtain regularly; "We take the Times every day" subscribe, take buy, purchase - obtain by purchase; acquire by means of a financial transaction; "The family purchased a new car"; "The conglomerate acquired a new company"; our Newsletters: http://www.airguideonline.com/order_formsubs.htm#news To Advertise: advert@AirGuideOnline.com Nov 13, 2006 |
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