Adrian is Auckland bureau chief for Aviation Week, based in New Zealand. He covers commercial aviation in the Asia-Pacific region.
Adrian was previously based in Aviation Week’s Washington office for nine years, writing for a range of the group’s publications and covering many aspects of the commercial aviation industry. He has won Australasian and international awards for his aviation writing.
Prior to joining Aviation Week in 2002, Adrian covered aviation industry and policy issues for two other publishing companies in Washington. He has also worked for newspapers in Texas and New Zealand, covering a wide range of topics. Adrian graduated from Auckland University with a degree in history and English in 1992.
Boeing executives yesterday reassured market analysts that the crucial 787 program is on track, and they're making good progress in addressing earlier concerns regarding weight and component suppliers. The manufacturer still plans to meet the major 787 milestones it has targeted for this year, CEO Jim McNerney said. These include testing the 787 engines and receiving major assemblies at Everett, Wash., in the first quarter, final assembly in the second quarter, and roll-out in July.
Korean's fourth-quarter net profit soared by more than 150% to KRW75.7 billion (US$80.8 million) on the back of a healthy 6.7% revenue increase and good cost control. Despite a 4.5% increase in fuel costs, total operating costs rose only 0.8%. Overall, the fourth quarter saw operating profit climb dramatically -- by 455% -- to KRW143.4.
UPS yesterday reported a fourth-quarter net profit of $1.13 billion and a 10% earnings increase, although predictions of 6%-10% earnings growth for 2007 were lower than analyst expectations.
