Precision Conversions receives award for three 757-200PCFs

Precision Conversions has received an award to provide Aerolease International with three full 15-pallet position 757-200PCF freighters. The first aircraft, a Pratt & Whitney powered B757-200 is scheduled for induction in April with the following two aircraft scheduled for induction in May and July, respectively. All three aircraft will be modified by Flightstar Aircraft Services […]

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Southwest Airlines to terminate agreement with WestJet

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Southwest Airlines notified WestJet of its intent to terminate the agreement to offer connecting service between the United States and Canada with WestJet. Southwest Airlines said that WestJet requested significant changes to the agreement that the two airlines have had in place since 2008, and WestJet has since reaffirmed and clarified its request. Southwest cannot

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Aviation Capital Group issues $225 million in notes

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Aviation Capital Group issued $255 million in Unsecured Medium Term Notes. The notes were issued in three tranches of five-, seven-, and 10-year bullet maturities, with the majority of demand for the longer tranche. The issue, originally offered at $100 million, was oversubscribed three times. With this transaction, ACG has sourced approximately $2 billion of

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JetBlue's traffic increases 9.1%

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JetBlue reported for March 2010 that traffic in March increased 9.1% from March 2009, on a capacity increase of 6.4%. Load factor for March 2010 was 81.3%, an increase of 2.0 points from March 2009. JetBlue’s preliminary passenger revenue per available seat mile for the month of March increased 17% year over year.

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Board approves restructuring of Czech Airlines

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The Czech Airlines supervisory board approved the airline

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Lufthansa reports first quarter traffic figures

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Lufthansa carried more passengers in the first quarter 2010 than in the previous year

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Northrop Grumman completes system development of B-2 radar modernization

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Northrop Grumman Corporation has helped the U.S. Air Force improve the mission availability of its fleet of B-2 stealth bombers by successfully completing the system development and demonstration (SDD) phase of the B-2 Radar Modernization Program (RMP). SDD includes the design, development, test and installation of the new radar system in a B-2 test aircraft

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Boeing and USAF demonstrate network centric capabilities

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Boeing and the U.S. Air Force’s Electronic Systems Center are demonstrating network-centric capabilities aboard a U.S. Airborne Warning and Control System (AWACS) test aircraft during the Joint Expeditionary Force Experiment at Nellis Air Force Base. The event began April 12 and is scheduled to conclude on April 22. “For the first time, Boeing and the

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