BAE Systems signed a definitive agreement to sell its Flight Systems business, located in Mojave, California, to Calspan Corporation. The cash purchase price is $62.5 million plus an additional consideration to be paid pursuant to an earn-out mechanism by reference to the revenues of the business over the next five years. The transaction is subject […]
BAE Systems agrees to sell flight systems business Read More »
Delta Air Lines reported system load factor for February of 74.9%, up 0.8 pts from February 2007, system traffic in February 2008 increased 6.7% over February 2007 with a capacity increase of 5.6%.
Delta Air Lines achieves system load factor of 75% in February Read More »
Continental Airlines reported a February consolidated (mainline plus regional) load factor of 76.0%, 1.0 point below the February 2007 consolidated load factor. Continental reported a consolidated traffic increase of 4.5% and a capacity increase of 5.8% as compared to February 2007.
Continental Airlines reports February 2008 operational performance Read More »
Alaska Air Group reported the completion of a $100 million stock repurchase program authorized by its board of directors on Sept. 13, 2007. Under the program, the company repurchased 4,113,782 shares of its outstanding common stock, or 10% of the outstanding stock at the start of the program, at an average price of $24.31 per
Alaska Air Group announces completion of stock repurchase program Read More »
United Airlines reported its preliminary traffic results for February 2008. The company reported a February passenger load factor of 74.4% a decrease of 3.1 pts compared to the same period last year. Traffic decreased in February by 0.5% on a capacity increase of 3.7% compared with the same period in 2007.
United Airlines reports February laod factor down Read More »
PlaneSmart! Aviation announced an expansion of their fleet to keep up with customer demand for fractional shares of professionally managed aircraft. PlaneSmart! has ordered two additional fully loaded Cirrus SR22-G3 Turbo aircraft which are expected to roll off the assembly line in time for Spring Flying.
PlaneSmart! orders additional Cirrus SR22-G3 Turbos Read More »
Citing consistently strong demand from business travelers, Singapore Airlines has announced plans to convert its five Airbus A340-500 ultra-long-range aircraft into an all-Business Class configuration, on daily flights between New York and Singapore, and Los Angeles and Singapore. The current 2-class, 181 seat, configuration will be replaced with 100 of the airline’s new, Business Class
Singapore Airlines to launch all-business class flights from USA to Asia Read More »
Cyclone Aviation Products was awarded a contract by Spirit AeroSystems to supply doors for commercial aircraft. The contract, valued at approximately $160 million, is Cyclone’s largest contract ever, with deliveries scheduled between 2009 and 2016. Cyclone Aviation Products and Services Ltd., located in Karmiel, Israel, is a wholly-owned subsidiary of Elbit Systems Ltd. Cyclone’s core
Cyclone to supply Spirit AeroSystems with commercial aircraft parts Read More »
The Fuel Cell, a leading provider of maintenance, repair and overhaul of jet aircraft fuel components, has added the Pratt & Whitney PW4000 main engine fuel pump to its list of capabilities. The company invested in new test equipment specifically designed to maintain the PW4000 engine fuel components and currently has a number of fuel
The Fuel Cell adds PW4000 main engine fuel pump capability Read More »
Turkish Airlines took delivery of the second of its three Airbus A310-300Fs at EADS EFW
Turkish Airlines takes delivery of second A310-300 converted freighter Read More »
