Taiwan-based China Airlines received its 20th 747-400 Freighter on Wednesday from Everett’s Boeing Co. plant. The airline has the largest 747-400 Freighter fleet in the world. It also operates 15 Boeing 747-400 passenger jets and 12 737s.
Russia’s Aeroflot to lease Airbus jets
Russian flag carrier Aeroflot said Wednesday it had signed an agreement to lease seven Airbus A321 passenger jets in a deal that is financed by several European banks. The first of seven airliners was delivered today, Aeroflot said in a statement. The deal was the second major leasing agreement for Aeroflot to acquire Airbus planes. In 2003-04, it leased eight A320 planes.
Weyerhaeuser’s profits decline
Forest products giant Weyerhaeuser Co. said Wednesday that its third-quarter profit fell 26 percent as the downturn in the housing market drove wood product prices and demand down sharply. Net income fell to $211 million, or 85 cents per share, from $285 million, or $1.16 per share, a year ago. Revenue slipped to $5.33 billion, or 2 percent, from $5.43 billion last year. Analysts polled by Thomson Financial had expected a profit of 87 cents per share on $5.57 million in revenue.
Everett port buys first electric car
The Port of Everett has purchased its first electric vehicle. It will be used by a harbor attendant to check on areas such as the marina and the boat launch. The Global Electric Motorcars vehicle travels at a maximum speed of 25 mph. If the GEM car performs as envisioned, the port will look into replacing some of the marina’s smaller trucks with the electric vehicles at the end of their life expectancy, said John Mohr, executive director at the Port of Everett.
Tobacco company posts small loss
Profits slipped in the third quarter for the parent of the nation’s biggest tobacco company, while earnings climbed 45 percent for its biggest rival. But revenue rose for both companies, and so did their shares. Altria Group Inc. also announced Wednesday that its board would meet in January to nail down plans for a long-awaited divestiture of its majority stake in Kraft Foods Inc. Altria’s profits slipped less than a percentage point in the third quarter. Meanwhile, Reynolds American Inc. said its profits jumped 45 percent in the period.
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