March 10, 2008

SAS receives compensation and orders new Bombardier aircraft for fleet replacement

SAS has agreed a settlement with Bombardier and Goodrich regarding the incidents involving the Dash aircraft in the autumn of 2007. The details of the agreement are confidential but SAS Group confirms the total financial compensation is slightly more than SEK 1 billion in the form of a cash payment and credits for future firm […]

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Midcoast Aviation appoints Jim Zarvos to head MRO at Savannah Air Center

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Jim Zarvos, currently leading Midcoast’s satellite operations, was recently promoted by Midcoast Aviation to senior vice president and added MRO and refurbishment activities at SAC in Savannah, GA to his responsibilities In his new position, Zarvos will soon relocate to Savannah to lead the MRO and refurbishment programs at Savannah Air Center which was acquired

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Air Berlin reports changes to the supervisory board

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Air Berlin released, that Dr. Eckhard Cordes will be relinquishing his seat on the board of directors at Air Berlin PLC on account of the dual positions he holds as chief executive officer of both the Haniel and Metro groups. Heinz-Peter Schl

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Air France/KLM report declined load factor in February

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Air France/KLM reported for February 2008 a traffic increase of 3.7% compared to February 2007, capacity grew 8.4% and the load factor for February was recorded at 75.5%, down 3.4 pts compared to February 2007.

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Board of Directors authorize Air France/KLM to make offer for Alitalia

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Air France/KLM released that the board of Direktors met on March 10th and authorized the company to submit on March 14th, 2008 an offer for Alitalia subject to suspensive conditions including notably the commitment of the trade unions. The integration of Alitalia into the Air France/KLM group will reinforce its position as a European leader

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Iberia to maintain Airbus A340 engines for Olympic Airways

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Iberia has signed two exclusive contracts with Olympic Airways under which it will maintain engines and components for the Greek airline at Iberia

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Air Wisconsin reports February traffic

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Air Wisconsin reported a February 2008 traffic increase of 8.7%, while capacity increased 6.5%. The load factor for the month was recorded at 67.6%, up 1.4 pts compared to February 2007.

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Cessna SkyCatcher prototype completes first flight

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Cessna Aircraft Company completed the first flight of its Model 162 SkyCatcher prototype, March 8th. This is the first of three airframes: a prototype, the first production model, and an ASTM (American Society for Testing and Materials) test article that Cessna

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Pemco World Air Services to acquire assets of Wagner Aeronautical

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Pemco revealed its acquisition of substantially all of the assets of Wagner Aeronautical, a world-leading conversion engineering firm based in California. The terms of the transaction were not disclosed. Commenting on the Wagner acquisition, Pemco Conversions Division President Kevin Casey said,

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