Qantas board approved long haul strategy for Jetstar

The Board of Qantas Airways approved the establishment of a new long haul value based airline under the Jetstar brand. Jetstar would commence its international operations no later than January 2007. Jetstar’s initial route structure would require 10 aircraft and would involve point-to-point routes between Australia and Asian and Pacific cities. A special board meeting is called for Wednesday, 14 December, to discuss and approve major aircraft purchases, including the new aircraft for Jetstar’s international operations.

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SAS Group sells Jetpak Group to Polaris Private Equity

The SAS Group has agreed to sell its holding in the Jetpak Group to Denmark-based Polaris Private Equity. The sales price amounts to approximately MSEK 490 and the positive effect on cash flow and net debt is on a corresponding level. The capital gain for the SAS Group totals approximately MSEK 410. The transaction is expected to close before the end of the year and is conditional upon the approval of the appropriate authorities.

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United Airlines uses Preston's TAAM to analyze system-wide operations

Preston Aviation Solutions Pty Ltd, a Boeing subsidiary, has been commissioned by United Airlines to conduct a system-wide computer simulation study of its operations. The objective of the simulation project is to assess the impact of various proposed schedule changes by United Airlines. Preston will use its industry-leading Total Airspace and Airport Modeler (TAAM) simulation tool to accurately model current flight operations for United Airlines, followed by the simulation of alternative “what-if” scenarios associated with a number of perceived or proposed changes in airline schedules.

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Goodrich elects new Director

John P. Jumper, recently retired Chief of Staff of the U.S. Air Force, was elected to the Board of Directors of Goodrich Corporation. Jumper was also appointed to serve on the board’s Audit Review Committee and Financial Policy Committee. With this election, Goodrich’s board increases to 11 members.

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Aloha Airlines and Airline Pilots Association Reach Agreement

Aloha Airlines and the Air Line Pilots Association (ALPA) Council 80 announced that they have reached a tentative agreement on a new contract, bringing Aloha Airlines one step closer to emerging from bankruptcy by the end of the year. Upon ratification by the ALPA membership and approval of the U.S. Bankruptcy Court, the agreement covering 270 Aloha pilots would become effective and run through April 30, 2009. The tentative agreement was unanimously endorsed by ALPA Council 80

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