14 January 2008

Eclipse Aviation secures long-term financing

Eclipse Aviation, manufacturer of the world’s first very light jet (VLJ), will expand its partnership with European Technology and Investment Research Center (ETIRC) Aviation. The agreement between the two companies includes an equity investment by ETIRC in Eclipse that is substantially in excess of $100 million. The agreement also provides for significant additional financial benefits

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Continental takes delivery of first 737-900ER

Continental Airlines took delivery of the airline’s first Next-Generation 737-900ER (Extended Range) airplane. With this delivery, Continental becomes the first airline in the Americas to operate the 737-900ER, a higher-capacity, longer-range derivative and newest member of the Next-Generation 737 airplane family. Continental currently has 26 more on order. The ailine this year expects to take

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Vought Aircraft awards Northrop Grumman follow-on IT contract

Northrop Grumman has been awarded a follow-on contract by Vought Aircraft Industries Dallas, for commercial information technology (IT) outsourcing services that provides continuity and flexibility in servicing Vought’s heritage information systems. The contract is valued at $86 million over three years to Northrop Grumman’s Information Technology sector. Two one-year options could extend the contract total

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Mesa Air Group reports fourth quarter 2007 net loss of $68 million

Mesa Air Group reported fourth quarter losses from continuing operations of $62.2 million on gross operating revenues of $327.8 million. This compares to earnings from continuing operations of $5.8 million in the fourth quarter of 2006 on gross operating revenues of $348.8 million. Net loss for the quarter was $68.2 million versus $4.8 million net

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Sabena technics Group wins MOC contract with French Air Force

Sabena technics Group released that it had been attributed the Maintenance in Operational Condition (MOC) contract of the Airbus A310 fleet belonging to the French Air Force for a 78 month period. Within the scope of this contract, the Group will provide the French Air Force with full support solutions ranging from the line maintenance

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