11 April 2008

PAL to acquire three Bombardier Q300 and six Q400 aircraft

Philippine Airlines is acquiring up to nine turbo-propeller aircraft to serve its revived inter-island operations, a major move by the flag carrier aimed at boosting trade, tourism and local economies in rural island communities. PAL’s turbo-prop fleet will consist of three Bombardier Q300 and six Q400 aircraft valued at $150 million based on list prices. […]

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SAFRAN reports 2008 first-quarter consolidated sales

SAFRAN reported that consolidated sales amounted to 2,514 million euros for the 2008 first quarter, up 11% at constant scope and exchange rates over the year-earlier period. Aerospace, defense and security businesses grew by 13.2% to 2,377 million euros, at constant scope and exchange rates. Orders for commercial aircraft engines continued to be buoyant, with

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Aer Lingus orders Airbus A350-900s and more A330-300s

Aer Lingus, Ireland’s national carrier, has become the latest airline to place a firm order for the all-new A350 XWB. In its biggest ever acquisition for long-haul aircraft, the Irish airline has received shareholder approval to purchase six A350-900s, along with six additional A330-300s, confirming its earlier placed contract. This latest contract brings total firm

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Frontier Airlines files for chapter 11

Frontier Airlines Holdings announced that, following an unexpected attempt by its principal credit card processor to substantially increase a “holdback” of customer receipts, which threatened to severely impact Frontier’s liquidity, Frontier and its subsidiaries have filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code. Frontier intends to continue normal business operations

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