Continental Airlines has contributed $60 million in cash to its defined benefit pension plans. Continental contributed $336 million to its pension plans in 2007, significantly exceeding its minimum funding requirement for the calendar year.
ACE Aviation Holdings released the final results of its offer to purchase Cdn$1.5 billion of its Class A Variable Voting Shares and Class B Voting Shares, which expired at 5:00 p.m. (Montreal time) on January 10, 2008. Based on final reports from CIBC Mellon Trust Company, the depositary under the offer, ACE confirmed that it …
ACE Aviation Holdings reports final results of its substantial issuer bid Read More »
Bristow Group a provider of helicopter services to the offshore energy industry, announced the acquisition of eight new aircraft. Bristow has exercised options to acquire two S-92 and three S-76C++ helicopters from Sikorsky Aircraft Corporation and three EC225 helicopters from Eurocopter, a division of EADS. The combined value of these purchases is approximately $143 million …
For the month of December 2007, Copa Holdings’ system-wide passenger traffic increased 9.4%, while capacity increased 8.0%. System load factor for December 2007 was 76.4%, a 1.0 percentage point increase when compared to December 2006
With the inauguration of the A380 maintenance hangar at its central maintenance facility in Frankfurt, Lufthansa Technik AG is ideally equipped to provide technical support for the Lufthansa fleet
The UK site of Turbomeca, Turbomeca Limited based in Fareham, Hampshire, has officially changed its name to Turbomeca UK. Turbomeca UK is enlarging its accountability, regarding sales, marketing and technical support. It supports 2,000 engines operating in the UK market and has a current employee headcount of 180. Turbomeca UK is formed on the basis …
Rolls-Royce announced a further stage in the Group
ATR and the pan-African investing conglomerate Lonrho announced the signature by Lonrho’s wholly-owned subsidiary, Lonrho Air, of a MoU for the purchase of 8 ATR 72-500s. The aircraft will be operated by Fly540, an airline belonging to the conglomerate. The deal, which includes a comprehensive support and spares package, is valued at over $150 million. …
The second production Airbus A380 (MSN005) was handed over to Singapore Airlines on 11th January in line with the latest delivery schedule. Equipped with four Rolls Royce Trent 900 engines, the second aircraft for the first A380 operator follows the delivery of the first A380 (MSN003) that took place on 15th October 2007. The second …
Airbus delivers second A380 to Singapore Airlines Read More »
