CPI AEROSTRUCTURES, whose share price plunged after it revealed its second- quarter revenues had been hit hard by supplier problems "including delays and poor workmanship", which caused "significant overtime and rework costs", CPI says. Second-quarter revenues were 61% lower year-on-year at $2.46 million, with a net loss of $1.33 million. Chief executive Edward Fred says CPI has "taken the steps necessary to improve the efficiency and productivity of our operations".
"I flew 17h to thank Mr Mulally because I will become a millionaire because of this aircraft!"
Rusdi Kirana, president-director of Indonesian airline Lion Air, at the roll-out of the first 737-900ER, for which it is launch customer
Source: Flight International