April 22, 2008

Bangladeshi carrier Biman orders four 777-300ERs and four 787-8s

Biman Bangladesh Airlines and Boeing announced the airline’s order for four 777-300ER and four 787-8 Dreamliner airplanes at a signing ceremony in Dhaka, the capital of Bangladesh. Biman Bangladesh Airlines, which began as a government-owned national carrier in 1972, became Bangladesh’s largest public limited company in 2007. The order for new Boeing airplanes represents a […]

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Air France KLM to pull out of Alitalia bid

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Air France KLM released that following the request by Alitalia to clarify the legal situation following the interruption of the negotiation between AIR FRANCE KLM and Alitalia, AIR FRANCE KLM has indicated to Alitalia that the contractual arrangements announced on 14th March with a view to launching a public exchange offer on Alitalia were no

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Jet Aviation and Elite Jets form strategic partnership

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Jet Aviation and Dubai-based Elite Jets, a premium private jet operator established in 2004, recently signed a partnership agreement under which the two companies will work together to provide aircraft management and charter services in the Middle East. Jet Aviation and Elite Jets have maintained a close working relationship in the past. The new strategic

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Airbus increases aircraft list prices

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Airbus announced a general price increase for its aircraft. On top of the 2.74% normal escalation for the year 2007, the price increase comprises an additional two million US Dollars per single-aisle aircraft and four million US Dollars per wide-body long range and A380 Family aircraft. The new pricing will apply as of 1st May

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Bombardier appoints Mark Karls as director of Dallas Service Center

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Bombardier appointed Mark Karls as director of its Dallas Service Center. With a degree in Aviation Maintenance Technology, Mr. Karls brings 23 years of industry experience to his new role with Bombardier. He has held previous positions at Gulfstream Aerospace and Savannah Air Center and is a licensed Airframe and Power Plant Mechanic.

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Silkair chooses V2500 engines

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Singapore-based Silkair has selected the International Aero Engines V2500 to power up to 20 new Airbus A320 family aircraft. The engines will be backed by a V2500Select agreement and, if all orders are realized, the combined engine purchase and aftermarket agreement is valued at $580 million to IAE. Silk Air currently has 15 V2500-powered A320

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Boeing and Airbus join forces to improve aviation's environmental performance

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Boeing and Airbus have signed an agreement to work together to ensure global interoperability in air traffic management as part of an effort to help reduce the impact of aviation on the environment. The companies will seek the acceleration of improvements to the world’s air transportation management system in order to increase efficiency and eliminate

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Lockheed Martin announces first quarter 2008 results

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Lockheed Martin Corporation reported first quarter 2008 net earnings of $730 million compared to $690 million in 2007. Net sales were $10.0 billion, an 8% increase over first quarter 2007 sales of $9.3 billion. Cash from operations for the first quarter of 2008 was $882 million, compared to $1.5 billion in 2007.

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AirTran Holdings reports first quarter net loss of $34.8 million

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AirTran Holdings reported a net loss of $34.8 million for the first quarter. During the same quarter in 2007, AirTran reported net income of $2.2 million. AirTran revenues remain very strong, despite generally negative economic news in the U.S. Revenues for the first quarter grew 18.3% to $596.4 million, an all-time quarterly record, and passenger

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Precision Aviation Group appoints Renee Skinner VP- Accounting & Finance

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Precision Aviation Group (PAG) has appointed Renee Skinner, CPA, Vice President – Accounting & Finance, and CFO of its operating subsidiaries. Skinner has over 20 years of financial experience in the aviation industry. Prior to joining PAG, she was the Vice President & Controller for World Airways in Peachtree City.

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Bangladeshi carrier Biman orders four 777-300ERs and four 787-8s

Air France KLM to pull out of Alitalia bid

Jet Aviation and Elite Jets form strategic partnership

Airbus increases aircraft list prices

Bombardier appoints Mark Karls as director of Dallas Service Center

Silkair chooses V2500 engines

Boeing and Airbus join forces to improve aviation's environmental performance

Lockheed Martin announces first quarter 2008 results

AirTran Holdings reports first quarter net loss of $34.8 million

Precision Aviation Group appoints Renee Skinner VP- Accounting & Finance

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22 April 2008

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