MTU Aero Engines improves earnings and continues profitable growth
MTU Aero Engines’ revenues in 2007 improved by 7% from
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21 April 2008
Lufthansa Technik gets major contract from Qantas Airways
Qantas Airways has awarded Lufthansa Technik AG an extensive contract for the technical support of the GE and CFM 56-7 engines in its Boeing 737, 767, 747 and Airbus A330 fleets. The corresponding agreement was signed in Sydney. In the course of the 10-year contract Lufthansa Technik will also purchase a 50-percent stake in the
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Airbus to flight test P&W Geared Turbofan engine
Airbus and Pratt & Whitney will partner on flight testing the Geared Turbofan engine using an Airbus-owned A340 flying test bed. The flight testing will provide first-hand experience with the performance of the Geared Turbofan engine, which targets double-digit improvements in fuel burn, environmental emissions, engine noise and operating costs. The Airbus testing will begin
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US Helicopter and Delta Air Lines sign codeshare agreement
US Helicopter Corporation and Delta Air Lines announced a codeshare agreement to expedite the process for customers connecting between two New York City heliports and Delta’s flights at its New York hub at JFK International Airport. Effective immediately, Delta has placed its code (DL) on US Helicopter 8 Minute flights that operate between the Downtown
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ACE Aviation completes secondary offering of units of Aeroplan Income Fund
ACE Aviation Holdings announced that it has completed the secondary offering of 20.4 million units of Aeroplan Income Fund. Upon closing of the transaction, ACE received net proceeds of approximately $342.7 million.
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Aviation Capital Group reports first quarter 2008 activity
Aviation Capital Group said that it completed 13 aircraft lease and sale transactions during the first quarter of 2008. The transactions are: B737-800, purchase, Skymark Airlines B737-700, extension, Virgin Blue B737-800, purchase, Sun Express B737-300, new Lease, Oceanair B737-300, new Lease, Oceanair B737-300, new Lease, Oceanair B737-800, purchase, Sun Express A319-100, new Lease, Brussels Airlines
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Aviation Capital Group orders 17 Boeing 737's
U.S.-based commercial jet airplane leasing company Aviation Capital Group (ACG) announced an order for 17 Next-Generation 737 airplanes. The airplanes will be equipped with performance-enhancing Blended Winglets, which improve fuel efficiency and reduce CO2 emissions. With this latest order ACG has ordered a total of 81 Boeing airplanes — 76 Next-Generation 737s and five 787
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Expedia and Air Berlin Group sign new multi-year agreement
Expedia has signed a new multi-year agreement with Air Berlin Group, Germany’s second largest airline and the third largest carrier in the European leisure market. Under the agreement, all of Air Berlin’s fares, schedules and inventory will be available worldwide on Expedia- and hotels.com-branded points of sale, as well as through Expedia Corporate Travel. The
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