Lufthansa raises operating profit to almost Euro 1.4 billion

The Lufthansa Group’s revenue totalled Euro 22.4 billion (previous year: Euro 19.8 billion) at the end of the financial year 2007 according to preliminary figures. The operating result of EUR 1,378 million (previous year: Euro 845 million) exceeded the profit target. The positive business development and income from portfolio management also made their mark on […]

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Hamilton Sundstrand to provide engine controls for P&W's Next Generation engines

Pratt & Whitney selected Hamilton Sundstrand to provide engine controls and accessories for the company’s next generation of engines for the new Mitsubishi Regional Jet (MRJ), Bombardier CSeries and Cessna Citation Columbus business aircraft. Under the agreement, Hamilton Sundstrand will provide the engines’ control, fuel, pneumatic and thermal management systems.

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Shenzhen Airlines adopts Mechtronix NZFT full flight simulator

Shenzhen Airlines, one of China’s leading airlines, reported its adoption of a new B737-NG FFS X from Mechtronix, a growing manufacturer of flight training equipment. The FFS X NZFT (Non Zero Flight Time) unit is currently being delivered with plans to install and qualify with Civil Aviation Administration of China (CAAC) for training set to

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Spectrum Aeronautical receives fleet order from Jetpool

Spectrum Aeronautical has received a significant fleet order for the Independence model S-33 and Freedom model S-40 business jets. The order was placed by Jetpool, of Charlotte, North Carolina. Spectrum Aeronautical is headquartered in Carlsbad, California with its development center located in Spanish Fork, Utah. The company is developing two jets: the Freedom, a nine-place

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Goodrich to increase Share Repurchase Plan by $300 million in common stock

The Board of Directors of Goodrich Corporation approved an increase to the company’s existing Share Repurchase Plan to authorize the repurchase of up to an additional $300 million of the company’s common stock, bringing the total authorization to $600 million. Since the initial $300 million authorization was approved in October 2006, the company has repurchased

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