Air Seychelles posts third consecutive year of net profitability

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Air Seychelles, the national carrier of the Republic of Seychelles, reported a third consecutive year of profitability after recording a net profit of US$3.2m for 2014. The result exceeds last year’s profit of US$3m and reflects continued improvement in the airline’s key performance indicators, following Etihad Airways’ acquisition of a 40% share in 2012 and […]

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Precision Castparts reports retirement of Executive Vice President Kenneth Buck

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Precision Castparts announced the planned retirement of Executive Vice President and President of Forged Products Kenneth Buck, during the first quarter of fiscal 2016. The operational responsibilities held by Mr. Buck will be divided between two executives. Andrew Masterman, President of Airframe Products, will assume responsibility for Wyman-Gordon, and Jim Pieron, President of PCC TIMET,

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Aergo Capital delivers one B737-300 to Alas Uruguay

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Aergo Capital, a long-established aircraft leasing company based in Dublin, Ireland, delivered one B737-300, MSN 28569, to Alas Uruguay. A second 737-300, MSN 28869, is currently in final stages of fleet induction.

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American Airlines appoints new key individuals for Customer Service Team

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American Airlines announced the promotion of key individuals as the airline invests in leadership resources for its Customer Service team. Cedric Rockamore has been promoted to Vice President and will oversee operations at American’s hub in Philadelphia (PHL). He joined the airline in 2010 as Director of Ramp Services for PHL and was promoted to

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Beijing General Aviation establishes footprint at Changzhou Konggang Industrial Park

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China’s Changzhou National High-tech Industrial Development Zone recently inked a framework cooperation agreement with Beijing General Aviation Co. (BGAC), under which BGAC will invest more than 5bn yuan (approx. US$820m) over a five-year period in a move to establish the sole general aviation manufacturing and operation service hub in Jiangsu province of eastern China. Previously,

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BOC Aviation announces orders for V2500 engines to power A320 aircraft

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BOC Aviation announce the signing of a new agreement for firm orders of V2500 engines to power 12 new A320 family aircraft, part of its existing order with Airbus. The V2500 engine is offered through IAE International Aero Engines, an aero engine consortium led by Pratt & Whitney in collaboration with Pratt & Whitney Aero

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SAS hit jackpot twice with Heathrow’s 'slot machine'

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It has been announced that Scandinavian Airlines (SAS) will be selling two of its slot pairs at Heathrow by the end of October, reducing their holding to just 19 daily slot pairs. SAS have made it clear that after this sale of both slot pairs, they do not intend to further reduce their slot numbers

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Lufthansa posts 2014 net profit of €55m, down 82.4% from the previous year

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Deutsche Lufthansa AG achieved its operating-result objective for 2014. The €954m operating profit reported for the year was a €255m or 37% improvement on the prior-year result. Following a revision of its original projections owing to negative yield trends and the extraordinary impact of strike action, the company had projected an operating profit for the

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Bombardier and Mesa Airlines sign firm purchase agreement for seven CRJ900 NextGen aircraft

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Mesa Air Group of Phoenix, Arizona (Mesa Airlines) has signed a firm purchase agreement for seven CRJ900 NextGen aircraft. The transaction was concluded on the sidelines of the International Society of Transport Aircraft Trading (ISTAT) Americas 2015 conference held in Mesa’s hometown. Based on the list price of the CRJ900 NextGen aircraft, the firm order

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SWISS announces commitment for three 777-300ERs

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Swiss International Air Lines (SWISS) announced a commitment to purchase three additional 777-300ER (Extended Range) airplanes. The order is valued at US$990m at list prices. This latest commitment follows SWISS’ previous order for six 777-300ERs in 2013. SWISS is part of the Lufthansa Group and currently serves 69 destinations across 37 countries worldwide from Zurich,

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