8 March 2010

Customer Nations and EADS come to principle agreement on A400M

Customer Nations and EADS have come to a principle agreement regarding the A400M military transport aircraft with the intention to amend the original contract accordingly in the coming weeks. In this principle agreement, the Customer Nations agree to increase the price of the contract by EUR 2 billion, waive all liquidated damages related to current

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Willis Lease Finance reports 2009 net income of $22.4 million

Willis Lease Finance Corporation reported strong revenues, net income and earnings per share in 2009, reflecting continued growth in its lease portfolio, higher maintenance reserve revenues and lower borrowing costs. For the full year, net income available to common shareholders totaled $19.2 million compared to the record results posted in 2008 of $23.5 million which

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Gulf Air signs with TRAX

TRAX USA announced a new partnership with Gulf Air, the national airline of the Kingdom of Bahrain. The international carrier has selected TRAX Maintenance Software, to manage their MRO operations. The partnership agreement was signed 1 March 2010. Gulf Air will implement e3, the latest version of TRAX Maintenance. Comprised of over 20 modules and

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Turkish Airlines and Boeing finalize order for 20 Next-Generation 737s

Boeing and Turkish Airlines have finalized an order for 20 Next-Generation 737 airplanes. The order includes 10 737-800s and 10 737-900ER (Extended Range) airplanes. The 737-900ER will be the latest 737 family member to join the Turkish Airlines fleet. The order is valued at $1.6 billion at current list prices. Turkish Airlines currently operates a

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