AVIC Leasing and Bombardier sign MOU for aircraft financing

Bombardier Aerospace and AVIC International Leasing (AVIC Leasing) of the People’s Republic of China announced a memorandum of understanding (MOU) for an expanded co-operation to support the financing of commercial aircraft sales in China and globally. The MOU entered into between AVIC Leasing and Bombardier was one of several agreements signed at the Canada China Business Forum […]

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Spirit AeroSystems' full year net income down 12%

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Spirit released that operating income for the fourth quarter 2011 was $102m, compared to $96m for the same period in 2010, primarily driven by increased production volumes, partially offset by the charges recorded on development programs. Net income for the quarter was $60m compared to $62m in the same period of 2010. Revenue for the full-year

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Copa Holdings reports net income of US$310.4m for 2011

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Copa Holdings reported net income of US$104.4m for 4Q11 as compared to net income of US$94.4m in 4Q10. Excluding special items, Copa Holdings reported an adjusted net income of US$85.3m, representing a 3.1% increase over adjusted net income of US$82.8m in 4Q10. Operating income for 4Q11 came in at US$106.1m, representing an increase of 13.0%

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328 Design certifies new SwiftBroadband SATCOM system

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328 Design GmbH (328DO) has announced EASA certification of the new Cobham SB300 SwiftBroadband system on the Dornier 328 Turboprop and JET. The first installation has been successfully completed on a 328DBJ. With a total installed weight on the 328DBJ of less than 20 kg, this system offers customers the opportunity to communicate both on

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Finnair seeks partner to accelerate Nordic Champion strategy

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Finnair begins discussions with potential cooperation partners on forming a joint venture for a cost effective expansion of the company’s presence in the Nordic countries. The potential joint venture would accelerate Finnair’s Nordic Champion strategy, and the aim is to establish new bases and expand the company’s network in the Nordic Countries. “The potential joint

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Finnair reports full year 2011 net loss of €87.5m

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In the fourth quarter of 2011, Finnair’s turnover increased by 11.7% (12.9%) year on year and totalled €577.4m (516.9). The group’s operational result, excluding non-recurring items, capital gains and changes in the fair value of derivatives and in the value of foreign currency-denominated fleet maintenance reserves, was €-31.6m (-6.7). The operating result was €-30.1m (-4.7). The result

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Northrop Grumman to perform repairs for U.S. Navy's SH-60 and EA-6B Aircraft

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Northrop Grumman has been awarded a contract by the U.S. Naval Supply Systems Command (NAVSUP) to repair avionics equipment on the SH-60 Seahawk helicopter and the EA-6B Prowler jet. Under a five-year, fixed-price contract valued at nearly $19m with NAVSUP Weapon Systems Support, Northrop Grumman will repair the ASN-150 and ASN-123 tactical navigation/tactical data systems, including

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SAS reports January load factor of 64.9%

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The SAS Group reported a 1% capacity decrease for Januar 2011, while SAS Group’s traffic increased by 0.4%. The load factor increased by 1.0 point to 64.9%.

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SAS posts full year 2011 net loss of MSEK -1,687

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For the period of January-December 2011, the SAS Group’s income before tax and nonrecurring items and capital gains/losses in continuing operations amounted to MSEK 94 (-444) and net income amounted to MSEK -1,687 (-2,218). The SAS Group’s revenue amounted to MSEK 41,412 (41,070). After taking nonrecurring items and currency effects into consideration, revenue increased by

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