Boeing's Chairman believes ExIm Bank will be reauthorized

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Boeing’s Chairman and former CEO is making it clear he believes ExIm bank will receive approval to once again provide finance to foreign purchasers of US-manufactured goods. Without such financial support, a number of major US manufacturers would be put at a financial disadvantage in a highly competitive environment, including Boeing, Caterpillar and General Electric. […]

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Boeing opens advanced manufacturing research center in South Carolina

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On September 24th, Boeing opened its research and technology center in South Carolina, which is devoted to current and next-generation technology development. Boeing leaders joined local dignitaries and employees for a ribbon cutting and tours of the 104,000-ft² Boeing Research & Technology-South Carolina center, which leads the company’s research and development efforts in areas of

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Airbus starts assembly of first A350-1000

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Less than one year after delivering the first A350 XWB (-900), the first A350-1000 is taking shape with the assembly start of the first fuselage major components at Airbus plants in Hamburg and Saint-Nazaire. The forward fuselage section has been delivered by Premium Aerotec to Airbus in Hamburg where it will be equipped before being

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GECAS and Frontier Airlines sign purchase-and-leaseback deal for nine new Airbus A321 aircraft

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GE Capital Aviation Services (GECAS) signed a purchase-and-leaseback agreement with Frontier Airlines for nine new Airbus A321 aircraft. Delivery of the first new aircraft is scheduled for October 2015 with the remaining new deliveries scheduled in 2015 and 2016. All nine aircraft are powered by CFM56-5B3 engines and are part of Frontier’s existing orderbook with

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Lufthansa Technik Landing Gear Services UK overhauls 25th landing gear set of Boeing 777-300ER

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Lufthansa Technik Landing Gear Services UK (LTLGS) has overhauled the 25th landing gear set of the Boeing 777-300ER aircraft type. Landing gear overhauls become due every ten years on each aircraft in accordance with the maintenance program. As for the end of 2015, there will be 34 Boeing 777-300ER aircraft in operations which are ten

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Hainan Airlines launches Beijing-Prague route

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Hainan Airlines flight HU7937 landed at Vaclav Havel Airport Prague on September 23rd local time, marking the successful inaugural flight of the carrier’s Beijing-Prague route, the first nonstop service between China and the Czech Republic. The Beijing-Prague route is Hainan Airlines’ seventh European route following Beijing-Brussels, Beijing-Berlin, Beijing-Moscow, Beijing-St. Petersburg, Hangzhou-Xi’an-Paris and Chongqing-Rome. The launch

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Siam Air Transport receives two Boeing 737-800 aircraft on lease from Air Lease Corporation

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Air Lease Corporation announced lease agreements with Siam Air Transport (Thailand) for two used Boeing 737-800 aircraft. These aircraft will deliver in the fourth quarter of 2015. Founded in 2013, Siam Air Transport is based at Bangkok’s Don Mueang Airport. They currently operate two Boeing 737-300s to three destinations in Hong Kong and China.

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AAR reports first quarter fiscal year 2016 results

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AAR reported first quarter fiscal year 2016 sales of US$377.8m and income from continuing operations of US$8.2m. For the first quarter of the prior fiscal year, the Company reported sales of US$395.1m and income from continuing operations of U$11.8m. During the quarter, the Company recorded a pre-tax gain of US$27.7m within discontinued operations from the

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