5 November 2008

General Dynamics completes acquisition of Jet Aviation

General Dynamics completed its acquisition of Zurich, Switzerland-based Jet Aviation for CHF 2.45 billion (approximately $2.18 billion) from Dreamliner Lux S.a.r.l., a company controlled by the Permira Funds. The companies announced the plans for the acquisition in August. Jet Aviation will continue serving the entire aircraft manufacturing community and its global client base as a …

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US Airways Group reports record load factor

US Airways Group reported October 2008 traffic results. Mainline traffic for the month was down 3.6% from October 2007. Capacity was down 5.2% versus October 2007. For the third consecutive month, US Airways set a monthly record with passenger load factor of 81.9% for the month of October 2008 versus 80.5% in October 2007.

ExpressJet reports third quarter 2008 results

ExpressJet Holdings reported a third quarter loss, excluding special charges and other non-operating items, of $10 million — a $13 million improvement over third quarter 2007. Including special charges, net of taxes and a deferred tax valuation totaling $5.2 million, ExpressJet reported a net loss totaling $4.8 million.

China Eastern Airlines selects Honeywell's APU for A320 fleet

Honeywell released that its newest fuel-saving Auxiliary Power Unit (APU) has been selected to provide air conditioning, main engine starting and electrical power for China Eastern Airlines’ recent order of 30 Airbus A320 aircraft. Honeywell also secured a maintenance agreement with China Eastern to service the APUs. This 10-year contract covers the airline’s added A320 …

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