29 April 2009

DAE signs agreement with US Export-Import Bank for 10 Aircraft

Aircraft & Engines / Leave a Comment

DAE Capital, the aircraft leasing and financial business arm of Dubai Aerospace Enterprise (DAE), has secured a financing commitment with the Export-Import Bank of the United States (Ex-Im Bank) worth over $500 million. The financing deal between Ex-Im Bank and DAE Capital supports the delivery of 10 aircraft by guaranteeing commercial loans or providing the […]

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Strategic Airlines to lease Airbus A330-200

Aircraft & Engines / Leave a Comment

STRATEGIC Airlines have confirmed the signing of a lease agreement for an Airbus A330-200 aircraft, to service their ongoing contractual commitments. The aircraft has been leased through Swiss Airlines International, and will replace Strategic’s currently chartered Airbus A330-300. The A330-200 will be used for current Australian contractual requirements, as well as additional charter and ACMI

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B/E Aerospace wins contract to supply cabin lighting for NG Boeing 737

MRO & Production / Leave a Comment

B/E Aerospace reported that Boeing has selected B/E Aerospace as its manufacturer of cabin lighting for the next generation Boeing 737 aircraft program. This innovative B/E Aerospace supplier furnished equipment (SFE) system will become standard equipment on all next generation Boeing 737 aircraft, and is part of B/E Aerospace

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LAN Airlines reports net income of $65.0 million for first quarter

Financial / Leave a Comment

LAN reported net income of $65.0 million for the first quarter 2009. This represents a 34.7% decrease compared to net income of $99.6 million in the first quarter 2008. These results were impacted by a $57.9 million fuel hedging loss recognized during the quarter. LAN’s operating income in the first quarter 2009 reached $118.1 million,

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Lufthansa reports operating loss of EUR 44 million in first quarter 2009

Financial / Leave a Comment

In a recessionary economic environment the Lufthansa Group generated revenue of EUR 5.0v bn (previous year: EUR 5.6bn) in the first quarter 2009. The operating result of EUR -44 million (previous year: EUR 172 million) stems from a weak demand for passenger and freight flights, but also from the lower price of fuel and from

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