July 25, 2008

Frontier Airlines receives commitment for $75 million in DIP financing

Frontier Airlines Holdings has received a $75 million commitment in post-petition debtor-in-possession (DIP) financing from Perseus LLC, a private investment firm based in Washington, D.C. with offices in Evergreen, Colorado, New York and Munich. Perseus has also agreed to serve as equity sponsor for Frontier’s plan of reorganization, allowing Perseus to purchase 79.9% of the …

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Delta TechOps signs engine maintenance agreement with Alaska Airlines

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Delta Air Lines’ maintenance division — Delta TechOps — has inked a seven-year contract with Alaska Airlines to provide exclusive engine overhaul and repair services for the CFM56-7 engines that power Alaska’s fleet of Boeing 737-700 and 737-900 aircraft. The deal, worth more than $200 million, leverages Delta’s unique partnership with Chromalloy Gas Turbine Corporation …

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Ultimate Jetcharters adds 11th Dornier 328 jet to growing fleet

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Ultimate Jetcharters has expanded its charter fleet by adding their eleventh Dornier 328 Jet. This large-cabin, 30-seat aircraft is currently receiving an all-new interior upgrade with leather seating and will be available for private charter flights by the end of August.

Hawker Beechcraft sells fuel and line service operations to BBA Aviation

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Hawker Beechcraft Corporation (HBC) has completed the sale of the majority of its wholly owned fuel and line operations to BBA Aviation. BBA Aviation is a fixed-base operation (FBO) and distribution network. The sale, which was first announced on February 22, 2008, will allow Hawker Beechcraft Services (HBS) to greater concentrate on its core business …

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Air Canada builds partnership with Continental Airlines

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Air Canada has reached an agreement in principle with Continental Airlines, the fourth largest carrier in the United States, to provide customers an enhanced travel experience through access to a broader network and seamless services provided in cooperation by the two carriers. Air Canada and Continental intend, subject to obtaining regulatory approvals, to offer customers …

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BA completes purchase of L'Avion

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British Airways has completed its purchase of French airline L’Avion on July 25th. L’Avion will operate as a subsidiary of British Airways and will become fully integrated with OpenSkies by early 2009. British Airways purchased L’Avion at a cost of

Jetbird orders three more Phenom 100 jets