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BAE Systems signs comprehensive maintenance agreement with Japan Airlines

BAE Systems has signed a comprehensive agreement with Japan Airlines (JAL) to provide maintenance support for the carrier’s commercial aircraft fleet. Under the agreement, BAE Systems will provide repairs, spares, and modifications to the aircraft electronics of JAL’s Boeing 737-800, 767, and 777 planes. The agreement will enable JAL to maintain its fleet of 737-800,

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Lufthansa Technik to acquire 15% minority interest in AeroTurbine

Lufthansa Technik AG and AeroTurbine Inc., a subsidiary of the International Lease Finance Corporation (ILFC) that markets engines and aircraft parts, have announced their intention to enter into a partnership. Under the terms of the agreement AeroTurbine will supply Lufthansa Technik AG with aircraft and engine components, while Lufthansa Technik will provide technical services for

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Rockwell Collins reports 2013 earnings per share increased to $4.58

Rockwell Collins reported fiscal year 2013 earnings per share of $4.58, an increase of 10% from 2012. Total company sales for fiscal year 2013 were $4.61bn, a 2% decline from last year. The lower sales volume was driven by an 8% decrease in Government Systems sales, partially offset by a 4% increase in Commercial Systems

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Lufthansa Group refines forecast for 2013

Lufthansa Group reported operating result before restructuring costs and non-recurring effects increased to about €860m in the first nine months of 2013, the operating result, including non-recurring costs for the Score program and project costs for product improvements, came to €660m for the first nine months (previous year: €907m). Lufthansa Group increased its adjusted operating

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Korean Air finalizes order for 12 Twin-Aisle airplanes

Korean Air and Boeing have finalized an order for five 747-8 Intercontinentals and six 777-300ER (Extended Range) jetliners that was announced as a commitment during the Paris Air Show in June. In addition, Korean Air has also announced an order for one additional 787 Dreamliner. The value of the combined order is valued at $3.9bn

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