27 February 2014

Qantas releases details of $2bn cost reduction program

Qantas will take action to permanently reduce costs in all parts of the Qantas Group through to FY17, including fleet and network changes, productivity improvements, consolidation of business activities, new technology and procurement savings. More than 50 aircraft will be deferred or sold and the Group’s workforce will be reduced by 5,000 full-time equivalent positions […]

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Astronics Corporation to supply exterior lighting system for Boeing 737 MAX

Astronics Corporation released that its wholly-owned subsidiary Astronics Luminescent Systems, has been awarded a multi-year contract to provide exterior lighting for the Boeing 737 MAX. Astronics will supply a full suite of products that provide the position, navigation and anti-collision lighting functions for the aircraft. The lights will utilize light emitting diodes (LEDs) to provide

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NetJets approved to fly Global Aircraft to and from London City Airport

NetJets, a Berkshire Hathawaycompany, reported that the London City Airport Authority has approved certification to operate its NetJets Signature Series Global aircraft to and from London City Airport. The certification will enhance NetJets service by offering its Global customers the opportunity to utilize a strategically located airport in London.

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Finnair completes sale and leaseback agreements for two A330 aircraft

The sale and leaseback agreements of two Airbus A330 aircraft owned by Finnair have been finalized. The Memorandum of Understanding (MoU) on the transactions was signed on 13 December 2013. The MoU includes also two ordered Airbus A350 aircraft, and sale and leaseback agreements for these two are expected to be concluded in H2 2015,

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Republic Airways reports fourth quarter and full year 2013 financial results

Republic Airways Holdings reported fourth quarter 2013 income from continuing operations of $16.5, compared to $8.8 in the prior year. Net income, which includes the results of discontinued operations at Frontier, increased 23.8% to $15.6m for the fourth quarter of 2013, compared to $12.6m in the same period in the prior year. Operating revenues for

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Alenia Aermacchi signs €280m contract with Poland for eight M-346

Alenia Aermacchi, a Finmeccanica company, has signed a contract with the Ministry of Defence of Poland to supply eight M-346 Master. The contract – signed after the aircraft was selected, as already announced – is worth €280m. In addition to the eight aircraft, the provision also includes logistic support, a training programme for pilots and

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Turbomeca signs SBH contract with ADAC Luftfahrt Technik

Turbomeca (Safran) announces the conclusion of a major support contract with ADAC Luftfahrt Technik GmbH. A new ten-year Support By the Hour (SBH) contract covers 28 Arriel 2E engines powering fourteen EC 145T2 operated by ADAC Luftrettung GmbH. ADAC Luftfahrt Technik GmbH is located near Bonn, Germany and performs airframe and engine maintenance for operators

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Lufthansa Technik receives approval in Israel for Israir Airlines and Tourism

Israir Airlines, a successful provider of scheduled and chartered flights from Israel, is relying on the services of Lufthansa Technik within the framework of a Technical Operations Management (TOM) contract. The core elements of the contract are maintenance services, with a permanent establishment having been set up at Tel Aviv airport especially for this purpose.

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GE signs first CT7 engine service agreement for new AgustaWestland Helicopter

GE Aviation and Bristow Group signed the first engine service agreement for the CT7-2E1 turboshaft engine powering the new, twin-engine AgustaWestland AW189 helicopter. This agreement expands the long standing GE – Bristow partnership by adding their new AW189 helicopters to Bristow’s global fleet of Maintenance Cost Per Hour (MCPH) service agreement maintained engines.

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