11 March 2008

Babcock & Brown arranges over $250 million of aicraft acquisition financing

International investment and specialised fund and asset management group Babcock & Brown announced that a joint initiative with HCI Capital AG (HCI), a leading distribution house for closed funds and structured products in Germany, has acquired its first aircraft leasing investment with the purchase of two Boeing 777-200LR aircraft delivered to Air Canada in February

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European Commission searches offices of Deutsche Lufthansa AG

Lufthansa released that the European Commission conducted an investigation in the offices of Deutsche Lufthansa AG in Frankfurt on March 11th. According to information from the investigation decision, the Commission has information that passenger aviation companies including Lufthansa in Europe and in Japan may have taken part in anti-competitive price-fixing and collusive behaviour in traffic

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PW127M engine certified to power ATR regional turboprop aircraft

Pratt & Whitney Canada has received type certification from Transport Canada and the European Aviation Safety Agency for the PW127M engine, the newest member in the PW100 regional turboprop family. The PW127M offers five per cent more power than its predecessor, the PW127F engine. The PW127M is a derivative of the PW127F and PW127E engines

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United Airlines appoints Douglas McKeen Senior Vice President Labor Relations

United Airlines appointed P. Douglas McKeen as senior vice president – Labor Relations. McKeen, an employment lawyer and highly regarded labor negotiator, joins United with more than 20 years of airline labor relations and human resources experience, including most recently at ASTAR Air Cargo, where he led negotiations on a pilot contract with the Air

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AirSprint orders 23 aircraft for fractional fleet

AirSprint, Canada’s coast-to-coast leader in the field of fractional aircraft ownership, reported that the company has placed an order for 23 aircraft with an aggregate retail value of $116 million (US). AirSprint will take delivery of three Citation XLS/XLS+ jets and three Pilatus PC-12/47E “Next Generation Pilatus” over the course of the next 24 months,

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