Aer Lingus to buy four A320-200 aircraft

Aer Lingus Group reported that it has exercised its rights under an agreement entered into with Airbus SAS (‘Airbus’) in 2003, regarding the acquisition of four A320-200 aircraft. The four A320-200 aircraft are scheduled for delivery on dates between late 2010 and early 2011. Aer Lingus will seek to implement one or more of a variety of financing options in respect of these aircraft closer to the first delivery date in 2010. The Company intends to retain flexibility in determining the method of financing, and may use bank debt, operating leases, finance leases and similar forms of financing common in Read more

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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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Uzbekistan Airways selects CFM56-5B to power new A320 aircraft

Uzbekistan Airways, the national carrier of Uzbekistan, has become CFM International newest customer with an order for CFM56-5B engines to power six new Airbus A320 aircraft scheduled to begin delivery in 2011. The order is valued at more than $80 million at list price.

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AAR to acquire Avborne Heavy Maintenance

AAR has signed an agreement to acquire Avborne Heavy Maintenance, Inc. (Avborne) and a related entity from AHM Holding, Corp. Avborne is an independent provider of aircraft heavy maintenance checks, modifications, installations and painting services to commercial airlines, international cargo carriers and major aircraft leasing companies. Founded in 1985, Avborne performs heavy maintenance on both Airbus and Boeing aircraft at its 226,000 square-foot hangar, located at Miami International Airport. The Avborne facility is capable of accommodating up to three wide-body aircraft or nine narrow-body aircraft, simultaneously. The Company expects the acquisition will be completed during the fourth quarter of its Read more

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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 mid-sized jet, scheduled for certification and first deliveries in 2009 and the Independence, an eight-place light jet, scheduled for certification and initial deliveries during 2010. Both aircraft feature the company

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RAK Airways sign deal for 737-800s

RAK Airways and Boeing held a signing ceremony on February 25 for the procurement of four 737-800s with purchase rights for two additional 737s. The deal is valued at approximately $300 million at list prices. RAK Airways is the fourth national airline of the UAE. The airline was established in February 2006 under an Emiri Decree by H.H. Sheikh Saqr bin Muhammad Al Qasimi, Ruler of Ras Al Khaimah. Ras al Khaimah is the UAE’s northernmost Emirate and recently announced an ambitious expansion plan that includes opening economic free zones to attract international business, tourists and a growing residential market.

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