19 January 2011

Robert E. Verbeck named new CFO for Boeing Defense, Space & Security

Boeing has named Robert E. Verbeck chief financial officer of its $34 billion (2009 revenues) Boeing Defense, Space & Security (BDS) business. He succeeds Randy Simons, who is retiring. Verbeck most recently served as CFO for the Boeing Military Aircraft business unit of BDS. He previously held posts as BDS controller, program manager for the …

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Chinese Government approves $19 billion aircraft agreement with Boeing

Boeing received final approval on January 19th from the Chinese Government confirming a $19 billion aircraft agreement. China’s approval of airline contracts for 200 orders covers aircraft to be delivered over a three-year period, 2011-2013. The approval helps Boeing maintain and expand its market share in the world’s fastest growing commercial aircraft market. Comprised of …

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AWAS delivers the first of three new A320-200s to Frontier Airlines

AWAS has delivered a new Airbus A320-200 to Frontier Airlines, an operating unit of Republic Airways Holdings, headquartered in Indianapolis, Indiana. The second and third A320s will be delivered in March and June, respectively. This first delivery of three planned A320 aircraft from AWAS marks the beginning of a new relationship between Frontier, its parent …

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Werner Aero Services acquires another Fokker 100 aircraft

Werner Aero Services has acquired another Fokker 100 aircraft. The acquisition of this aircraft will strengthen the company’s ability to provide its customer base with additional assets for their day to day operations and flight dispatch reliability. Additionally, these components will be used to support its growing Repair Management Program that provides lower cost solutions …

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American Airlines signs contract for two 777-300ERs

American Airlines, the Fort Worth, Texas-based carrier has exercised options for two 777-300ERs. “These additional wide-body aircraft will bolster our network strategy, particularly the international growth opportunities we expect from our joint businesses with oneworld partners in the transatlantic and transpacific markets,” said Tom Horton, President, AMR Corp., the parent company of American Airlines and …

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Neff Capital looks to Finland for cargo start-up

U.S.-based Neff Capital Management, owned and managed by Brian Neff, is evaluating the start-up of a cargo company based in Finland. The new company would operate between Helsinki and international destinations. Finnair Cargo, a subsidiary to the Finnish national carrier, is potentially a minority shareholder in the new venture.

New air cargo carrier Cargoitalia increases Hartsfield-Jackson's European reach

City of Atlanta and Hartsfield-Jackson Atlanta International Airport officials announced the arrival of a new all-cargo carrier. Milan, Italy-based Cargoitalia will begin scheduled service to Atlanta on February 3. The two weekly flights between Atlanta and Milan will create about 10 jobs and will have an estimated $15 million economic impact on metro Atlanta. Cargoitalia …

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Pratt & Whitney purchases patented technology for EcoPower engine wash

Pratt & Whitney closed on an agreement with Gas Turbine Efficiency to purchase the assets of the company’s aviation business, which provides patented technology for Pratt & Whitney’s EcoPower engine wash service. Pratt & Whitney had exclusive rights to use Gas Turbine Efficiency’s technology to wash aircraft engines since it launched its EcoPower engine wash …

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