7 January 2008

Pratt & Whitney and Turkish Airlines Technic form MRO joint venture

Pratt & Whitney and Turkish Airlines Technic Inc. signed a joint venture agreement on January 7th, to build an aircraft engine overhaul center in Istanbul. Financial terms of the agreement were not disclosed. The joint venture facility, to be named Pratt & Whitney Turkish Technic Aircraft Engine Maintenance Center LLP, will overhaul V2500 and CFM56

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River Hawk Aviation subsidiary adds aircraft to aviation management program

River Hawk Aviation has reached agreement with its aviation partner Aerologistics Investment Partners, LLC (Aerologistics), to provide aviation management services for a Cessna Citation II that it is acquiring. The management services are to be provided through Profile Aviation Services, a wholly owned subsidiary of the Company. The Cessna Citation II is a very popular

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Polar Air Cargo Worldwide hires new VP Sales and Marketing, Americas

Atlas Air Worldwide Holdings released that Polar Air Cargo Worldwide has hired Thomas Betenia as Vice President Sales and Marketing, Americas, effective January 7, 2008. Mr. Betenia, who will be based in Purchase, NY, comes to Polar from Lufthansa Cargo AG, most recently as Director of Sales and Handling for the U.S. Northeast and Mid-Atlantic

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Pinnacle purchases $20 million of preferred share from Northwest Airlines

Pinnacle Airlines Corp. has purchased its Class A Preferred Share from Northwest Airlines Corp. at a purchase price of $20 million. The purchase is in accordance with the Airline Service Agreement between Pinnacle and Northwest agreed to a year ago. “This is the last step in the process of becoming independent that began with our

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