Hawker Beechcraft sells fuel and line service operations to BBA Aviation

Hawker Beechcraft Corporation (HBC) has completed the sale of the majority of its wholly owned fuel and line operations to BBA Aviation. BBA Aviation is a fixed-base operation (FBO) and distribution network. The sale, which was first announced on February 22, 2008, will allow Hawker Beechcraft Services (HBS) to greater concentrate on its core business […]

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Delta TechOps signs engine maintenance agreement with Alaska Airlines

Delta Air Lines’ maintenance division — Delta TechOps — has inked a seven-year contract with Alaska Airlines to provide exclusive engine overhaul and repair services for the CFM56-7 engines that power Alaska’s fleet of Boeing 737-700 and 737-900 aircraft. The deal, worth more than $200 million, leverages Delta’s unique partnership with Chromalloy Gas Turbine Corporation

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Frontier Airlines receives commitment for $75 million in DIP financing

Frontier Airlines Holdings has received a $75 million commitment in post-petition debtor-in-possession (DIP) financing from Perseus LLC, a private investment firm based in Washington, D.C. with offices in Evergreen, Colorado, New York and Munich. Perseus has also agreed to serve as equity sponsor for Frontier’s plan of reorganization, allowing Perseus to purchase 79.9% of the

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Southwest Airlines reports second quarter earnings

Southwest Airlines reported its second quarter 2008 results. Net income for second quarter 2008 was $321 million compared to $278 million for second quarter 2007. Excluding special items, second quarter 2008 net income was $121 million compared to $195 million for second quarter 2007. The second quarter 2008 results exceed First Call’s mean estimate of

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