15 September 2008

Singapore Airlines Cargo selects P&W for S$500 million maintenance contract

Singapore Airlines Cargo (SIA Cargo) signed a 10-year, S$500 million ($349 million) fleet management program agreement with Pratt & Whitney Global Service Partners. The agreement covers 13 Boeing 747-400F cargo aircraft powered by Pratt & Whitney PW4000-94″ engines and 6 spare engines. SIA Cargo is one of the world’s largest operators of B747-400 freighters, and […]

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Changes in Volvo

Olof Persson will assume the position as president of Volvo Construction Equipment on November 1, 2008. He replaces Tony Helsham who will remain in the Volvo Group Executive Committee with a responsibility to support the growth of soft products in the Group. Olof Persson is currently president of Volvo Aero. He will, as of the

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Avio signs agreement with Teksid-Fiat for the acquisition of Getti Speciali

Avio and Teksid-Fiat have signed an agreement for the transfer of the entire shareholding of Teksid Aluminum Getti Speciali S.r.l. to Avio, a world leader in the design and construction of aerospace propulsion systems and components. At its plant in Borgaretto (Turin), Getti Speciali provides work for ca 230 people. It supplies cast parts for

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Airbus sells wing component and assemblies manufacturing unit at Filton to GKN

Airbus and GKN have signed a contract under which GKN will purchase the wing component and assemblies manufacturing unit based at Airbus’ site at Filton, near Bristol, UK. This will result in all operational business, assets and activities, within the parameters agreed, being transferred to GKN. As a result of the transaction, GKN is fully

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Singapore Airlines and Airbus sign agreement for Total Support Package

Airbus has finalised a Total Support Package (TSP) agreement with Singapore Airlines to maintain its future fleet of 19 A330 aircraft. The TSP, which will be performed by Airbus Customer Service, will provide fleet management in addition to line and base maintenance as well as full component support. These services represent part of a suite

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Gulfstream International Group enters into agreement for new debt financing

Gulfstream International Group has entered into an agreement to sell to an institutional investor $5.10 million in face amount of secured original issue discount debentures (the “Senior Debentures”). In addition, Gulfstream will issue to the Investor a warrant to purchase 578,870 shares of Gulfstream common stock, exercisable at nominal value. The Investor has the right

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AMR Corporation completes sale of American Beacon Advisors

AMR Corporation, the parent company of American Airlines, has completed the sale of American Beacon Advisors, its wholly owned asset-management subsidiary, to Lighthouse Holdings, which is owned by investment funds affiliated with Pharos Capital Group, LLC and TPG Capital, L.P., two leading private equity firms. AMR received a total consideration of $480 million. While primarily

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