1 October 2008

FreeFlight Systems announces new ownership

FreeFlight Systems, an international supplier of professional-grade navigation systems for commercial and military aircraft, announced a definitive agreement to be acquired by a new executive management team and their financial partner, Elm Creek Partners. The new team officially assumed responsibility for corporate operations on July 15, 2008. Led by Tim Taylor as Chief Executive Officer,

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Lufthansa Technik Switzerland to support regional and VIP aircraft in Basel

With the launch of Lufthansa Technik Switzerland in Basel, Lufthansa Technik is expanding its capacity to provide technical support for VIP and business aircraft in the European market. The almost 500 technicians and engineers who work in the engineering operation at Basel Mulhouse airport which formerly belonged to Swiss will now maintain and support not

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Lufthansa Technik expands cooperation with Croatia Airlines

Lufthansa Technik AG in Hamburg and Croatia Airlines are further expanding their cooperation. As of October 1st Croatia Airlines performs a substantial number of C-checks on Airbus A320 family aircraft on behalf of Lufthansa Technik. To achieve this, the technical arm of the renowned airline uses one of its overhaul lines at its facility in

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UAL Corporation to boost liquidity by $275 million

UAL Corporation reported financing transactions that will add approximately $275 million of cash prior to year end. The company has completed a $125 million aircraft financing agreement, receiving approximately $60 million on September 30th, and will receive the remaining approximately $65 million by mid October. United has also executed agreements and agreements in principle (subject

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