21 July 2009

Snecma wins exclusive engine maintenance contract from WindJet

WindJet, an Italian airline based in Catania (Sicily), has awarded an exclusive six-year engine service per hour (ESPH) contract to Snecma (SAFRAN group) for its CFM56-5A engine fleet. Snecma, an OEM (original equipment manufacturer) shop for the CFM56, will provide maintenance, repair and overhaul (MRO) services for all CFM56-5A engines powering WindJet

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Genesis Lease adds new Airbus A321 aircraft to its portfolio

Genesis Lease Limited has acquired a new Airbus A321 series passenger aircraft, manufactured in July 2009, and contracted it on lease to US Airways. Debt financing for the acquisition was provided through the Company’s $1 billion credit facility. This acquisition now means Genesis has 55 aircraft on lease to 36 airline customers in 21 countries.

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Continental Airlines announces second quarter loss

Continental Airlines reported a second quarter 2009 net loss of $213 million. Excluding $44 million of previously announced special charges, Continental recorded a net loss of $169 million. Second quarter results were adversely affected by significant declines in high yield traffic as many business travelers curtailed travel or purchased lower yield economy tickets due to

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