23 May 2008

Astronics announces new five-year $60 million credit facility

Financial / Leave a Comment

Astronics Corporation has entered into a five-year $60 million committed revolving credit facility, which will replace its existing $25 million facility. The Company entered into the new credit facility with HSBC Bank USA, National Association, the lead bank, and Bank of America, N.A. and KeyBank as participating lenders. The expanded credit facility is committed through […]

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PW810 engine development program enters high gear

Aircraft & Engines / Leave a Comment

Pratt & Whitney Canada has started detailed design work as well as advanced production preparations for the all-new PW810 engine, just three months after the official launch of its 10,000-pound-thrust-class PW800 engine family. Preliminary design for the PW810, selected by Cessna Aircraft to power its new large-cabin Citation Columbus business aircraft, has been completed. P&WC

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Air France-KLM report financial year 2007-08

Financial / Leave a Comment

Air France-KLM reported operating income of 1.41 billion euros up 13.3%, income from operating activities rose 3.2% to 1.27 billion euros (versus 1.23 billion euros a year earlier). Excluding exceptional items (cargo provision and proceeds from Amadeus), it would have increased by 23.0%. Pre-tax income of fully integrated companies amounted to 1.15 billion euros. After

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Czech Airlines to acquire two new Airbus A319s

Aircraft & Engines / Leave a Comment

Czech Airlines is continuing with its renewal of its aircraft fleet in accordance with its development strategy. As part of this process, the Czech Airlines fleet is undergoing optimisation with the aim of strengthening the position of Czech Airlines as a continental European carrier. Czech Airlines will therefore be acquiring two new Airbus A319s, which

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DOT rules to expand antitrust immunity for six SkyTeam members

Other News / Leave a Comment

The U.S. Department of Transportation (DOT) approved antitrust immunity for six-way alliance activities in trans-Atlantic markets for the SkyTeam carriers of Air France, Alitalia, CSA Czech Airlines, Delta, KLM Royal Dutch Airlines and Northwest Airlines. The DOT’s Final Order ruling is the first since the new European Union-U.S. Open Skies agreement went into effect on

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