Bombardier reported net income of $55 million for the fiscal first quarter ended April 30, a complete turnaround compared to a net loss of $174 million in the prior-year period. Consolidated revenues were up 8.6% to $3.8 billion while earnings before taxes and special items reached $48 million, a significant improvement over a loss of $136 million in the year-ago period. The company's cash position remained strong at $2.1 billion.

Singapore Airlines and Qantas have expressed disappointment and annoyance at the six-month delay in A380 deliveries revealed just after the close of the IATA AGM in Tokyo. Airbus Chief Commercial Officer John Leahy held meetings with these carriers and Emirates at the AGM, and while airline CEOs are putting on a diplomatic front, privately they expressed serious concerns and annoyance.

Quiet Wing Corp. said it received an FAA STC for its 737-200 performance enhancing flap modification that permits increased payload, improved takeoff and landing performance, reduced fuel consumption and lower stall speeds.

Jet Airways of India is in final talks concerning an order for up to 15 long-haul aircraft to replace and supplement three A340s leased from South African Airways and four new A330s that will be leased from ILFC beginning next April. Jet is evaluating aircraft such as the A340-600 and 777-300ER and availability of delivery positions in 2007 is a key criterion, CEO Wolfgang Prock-Schauer told ATWOnline in Tokyo at the IATA AGM. "Our priority is to expand our long-haul operation," he said.