March 25, 2008

Lufthansa pays around 269 million Swiss francs for SWISS out-performance option

Three years to the day since the announced integration of SWISS in the Lufthansa Aviation Group, the former majority shareholders of the Swiss carrier will shortly be receiving the payout for their out-performance option from the German airline. In exchange for their onetime SWISS shares, they will be paid a total of about 269 million …

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B/E Aerospace wins international airline program awards

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B/E Aerospace released that it has been selected by unnamed leading global airlines in programs to outfit existing and on order aircraft. The awards are initially valued at approximately $215 million.

Andreas Kramvis new President and CEO of Honeywell Specialty Materials

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Andreas Kramvis has been named President and CEO of its $4.9 billion Specialty Materials business, effective March 31, 2008. Kramvis succeeds Nance Dicciani who will retire from the company on April 14, 2008. He will report to Honeywell

Qantas selects Boeing's Airplane Health Management

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Qantas Airways’ fleet of 747-400 airplanes will be monitored by Boeing’s Airplane Health Management (AHM), a software system that helps airlines improve the management of unscheduled maintenance events. In addition, Qantas will use Airplane Health Management for future 787 Dreamliner deliveries. Qantas has 65 Boeing 787s on order. Qantas’ 30 747-400s will use Airplane Health …

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Air China Limited reports 2007 annual results

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Air China Limited, China’s national flag carrier, released its financial results for the twelve months ended December 31, 2007. In fiscal year 2007, according to International Financial Reporting Standards (”IFRS”), the Company’s operating revenue increased by 14.2% to RMB51.33 billion from RMB44.94 billion in 2006. This increase was primarily attributed to the continued solid growth …

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Aloha Airlines files for chapter 11

Aircraft & Engines / Leave a Comment

Aloha Airgroup, a Hawaii corporation whose principal operating subsidiary is Aloha Airlines, released that it filed a voluntary petition for protection under Chapter 11 of the U.S. Bankruptcy Code. Aloha will seek the Court