21 April 2009

Airbus/EADS sign Titanium supply agreement with VSMPO-AVISMA

Airbus, its parent company EADS and the Russian Technologies State Corporation’s integrated structure VSMPO-AVISMA Corporation, the Russian Titanium manufacturer, have signed the biggest and longest-term contract in the history of Airbus/EADS cooperation with Russian industry. The agreement covers the supply of Titanium to Airbus and other EADS Divisions until 2020. The scope of the contract

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GECAS finishes active first quarter with 45 aircraft placed

GE Commercial Aviation Services (GECAS) announced today that during the first quarter of 2009 ending March 29 it placed 45 aircraft, including 33 aircraft from its existing fleet leased, 9 lease extensions, and 3 sales, representing a strong 15 percent increase over 2008 first quarter placements. Of the 33 new leases, 12 were placed with

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World Airways to operate two MD-11 freighters for Arrow Cargo

World Airways, a subsidiary of Global Aviation Holding, has signed an agreement with Arrow Cargo to operate two MD-11F aircraft on a full-time basis for air cargo service between Miami, Central America and South America. World is already operating one aircraft for Arrow Cargo, with the second to operate from July through December 2009.

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UAL reports first quarter net loss of $579 million

UAL Corporation reported results for the first quarter ended March 31, 2009. UAL reported a first quarter net loss of $579 million excluding non-cash, net mark-to-market hedge gains and certain accounting charges. The company reported a GAAP loss of $382 million including these items. The company reduced its full-year outlook for mainline non-fuel CASM, excluding

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Lockheed Martin announces first quarter 2009 results

Lockheed Martin Corporation reported first quarter 2009 net earnings of $666 million compared to $730 million in 2008. Net earnings in 2009 included higher pension expense as previously disclosed in the January 22, 2009 earnings release and in the 2008 Form 10-K. In 2009, the FAS/CAS pension adjustment was ($114) million, which decreased net earnings

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Delta Air Lines reports quarter net loss of $794 million

Delta’s reported net loss for the March 2009 quarter was $794 million, or $0.96 per diluted share. “Despite the worst economic recession in our lifetime, the fundamental strength of Delta’s business allowed us to deliver breakeven results this quarter, excluding fuel hedge losses and special items” said Richard Anderson, Delta’s chief executive officer. “We remain

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