16 October 2008

AeroTurbine announces shift in engine maintenance business

Aircraft & Engines / Leave a Comment

After completing a strategic review of its Engine Maintenance & Overhaul business unit segment, AeroTurbine is reducing operations of its engine performance restoration line. AeroTurbine will maintain current field service, accessories/line replaceable units (LRU) and light engine maintenance capabilities in support of its engine leasing business. Currently, AeroTurbine performs full engine overhauls in support of […]

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Pratt & Whitney wins $1.4 billion contract for F117 engine support

MRO & Production / Leave a Comment

The Boeing Company awarded Pratt & Whitney a contract with a value of up to $1.4 billion to support the C-17 aircraft fleet. This F117 engine maintenance agreement includes a one year contract and the option to extend for two additional years through 2011. This F117 contract covers fleet management support, configuration control, thrust reversers

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NACIL and EADS sign joint venture agreement for MRO centre

MRO & Production / Leave a Comment

National Aviation Company of India Limited (NACIL) and EADS signed a joint venture agreement on October 16th for creation of an Aircraft Maintenance, Repair and Overhaul (MRO) Centre. This new MRO centre after it receives the approval of Government will start its operations with effect from early 2009 at Indira Gandhi International Airport, Delhi. It

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Southwest Airlines reports third quarter financial results

Financial / Leave a Comment

Southwest Airlines reported its 70th consecutive quarterly operating profit. After special charges totaling $247 million primarily related to mark-to-market adjustments on a portion of the future periods’ fuel hedge portfolio required by Statement of Financial Accounting Standard (SFAS) 133, the Company reported a third quarter 2008 net loss of $120 million. This compares to net

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Continental reports third quarter 2008 net loss of $236 million

Financial / Leave a Comment

Continental Airlines reported a third quarter 2008 net loss of $236 million. Excluding $91 million of previously announced special items, Continental recorded a net loss of $145 million. Total revenue for the quarter was $4.2 billion, an increase of 8.8% ($336 million) over the same period in 2007. Passenger revenue for the quarter grew 7.1%

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