Deutsche Lufthansa AG successfully placed another benchmark bond, the second this year, on 1 July 2009. With the issue, the Group is acquiring additional liquidity for general corporate financing purposes. The bond has a volume of 750 million euros and a maturity of seven years. It has a fixed coupon of 6.5 per cent. It […]
Lufthansa issues 750 million euro bond Read More »
BA reported that June 2009 capacity was 1.7% below June 2008, traffic fell by 3.8%. This resulted in a passenger load factor decrease of 1.8 points versus last year, to 79.6%. Traffic comprised a 14.9% decrease in premium traffic and a 1.3% fall in non-premium traffic.
BA reports load factor of 79.6% in June Read More »
Hartmut Mehdorn has been appointed as a new Non-Executive Director to the board of Air Berlin PLC. He will be taking over the position vacated by Claus W
Hartmut Mehdorn appointed Non-Executive Director to the board of Air Berlin Read More »
BAE Systems Asset Management has placed a further two BAe 146 regional jetliners with Indonesian operators. The first aircraft is a BAe 146-200 (msn E2204) which has been bought by PT Nusantara Air Charter (NAC). The aircraft was delivered in mid-June. This deal follows rapidly on the brokered sale by Asset Management of a BAe
BAE Systems places two more BAe 146s with Indonesian operators Read More »
Sabena technics signed a 7-year full support contract with MEDALLION AIR for its fleet of MD82-83 aircraft. Under this agreement, Sabena technics will perform component repair and overhaul services, including pool access with advanced standard exchange, component and engineering services for Medallion Air, a start-up airline based in Bucharest, Romania. The services will be carried
Sabena technics signs 7-year integrated services contract with Medallion Air Read More »
Rolls-Royce has won a $470 million order, at list prices, for Trent engines to power seven aircraft from Turkish Airlines (Turk Hava Yollari). The contract includes long-term TotalCare service support. The order, for Trent 700EP engines for Airbus A330 aircraft, is part of the Turkish flag carrier
Rolls-Royce wins $470 million Trent order from Turkish flag carrier Read More »
Titan Aviation, from Dubai, United Arab Emirates took delivery of a Legacy 600 executive jet. The aircraft was acquired by an undisclosed customer, and will be managed and operated by Titan Aviation for exclusive private use of its owner. The Dubai-based company has another Legacy 600 in its fleet, since June 2008, and is scheduled
Titan Aviation takes delivery of Legacy 600 Jet Read More »
GE Global Research, the technology development arm of the General Electric Company and the Technical University of Munich (TUM), signed a Memorandum of Understanding to establish a world-class carbon composites manufacturing Center of Excellence on the TUM campus in Garching, near Munich, Germany. The Center of Excellence will focus on automated manufacturing of complex composite
GE to create center of excellence in Europe Read More »
AirTran Airways reported traffic for the month of June 2009. The airline reported that traffic was down 6.5% compared to the same period last year, capacity was down 5.3% and the load factor for the month was 83.6%, down 1.1 pts compared to June 2008.
AirTran Airways reports June traffic Read More »
