4 March 2008

Alaska Air Group announces completion of stock repurchase program

Alaska Air Group reported the completion of a $100 million stock repurchase program authorized by its board of directors on Sept. 13, 2007. Under the program, the company repurchased 4,113,782 shares of its outstanding common stock, or 10% of the outstanding stock at the start of the program, at an average price of $24.31 per

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Singapore Airlines to launch all-business class flights from USA to Asia

Citing consistently strong demand from business travelers, Singapore Airlines has announced plans to convert its five Airbus A340-500 ultra-long-range aircraft into an all-Business Class configuration, on daily flights between New York and Singapore, and Los Angeles and Singapore. The current 2-class, 181 seat, configuration will be replaced with 100 of the airline’s new, Business Class

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Cyclone to supply Spirit AeroSystems with commercial aircraft parts

Cyclone Aviation Products was awarded a contract by Spirit AeroSystems to supply doors for commercial aircraft. The contract, valued at approximately $160 million, is Cyclone’s largest contract ever, with deliveries scheduled between 2009 and 2016. Cyclone Aviation Products and Services Ltd., located in Karmiel, Israel, is a wholly-owned subsidiary of Elbit Systems Ltd. Cyclone’s core

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The Fuel Cell adds PW4000 main engine fuel pump capability

The Fuel Cell, a leading provider of maintenance, repair and overhaul of jet aircraft fuel components, has added the Pratt & Whitney PW4000 main engine fuel pump to its list of capabilities. The company invested in new test equipment specifically designed to maintain the PW4000 engine fuel components and currently has a number of fuel

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B/E Aerospace selected for First Class program awards

B/E Aerospace a leading manufacturer of aircraft cabin interior products and a leading aftermarket distributor of aerospace fasteners, has been selected by unnamed leading global airlines to retrofit their existing international wide-body fleets and to outfit their new wide-body aircraft with Super First Class suites. The awards are initially valued at more than $200 million.

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Lufthansa forced to cancel flights due to strikes at German airports

Lufthansa is having to cancel flights in the morning of March 5th due to threatened strike action by public service workers at many German airports. In view of the expected industrial action by airport workers, a total of 142 flights will be cancelled as a precautionary measure. Domestic flights will be worst affected. Lufthansa

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