ETA Star Group orders seven Embraer 170 Jets

Embraer signed a contract for the sale of seven Embraer 170 jets to ETA Star Group, of Dubai, with options for three more, and five purchase rights for any E-Jet model. The aircraft will be operated by the newly-created Star Aviation Pvt Ltd., of India. The deal, at list price, comes to $220.5 million, and could total $472.5 million, if all options and purchase rights are confirmed for the Embraer 170. Based in the city of Chennai, south India, Star Aviation will use the Embraer aircraft to operate regional routes on the Indian subcontinent, serving medium and low density markets. Read more

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Boeing celebrates debut of the new 777 Freighter

Boeing debuted the new 777 Freighter on May 21. With a maximum takeoff weight of 766,000 pounds (347,450 kilograms), the 777 Freighter will have a revenue payload capability of 226,000 pounds (103 metric tons). Following the debut events, the 777 Freighter will prepare to begin the flight test and certification program in June. The first 777 Freighter will be delivered to Air France in the fourth quarter.

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Babcock & Brown Air to acquire three aircraft

Babcock & Brown Air announced that it will acquire three aircraft, increasing its portfolio to 62. The new aircraft are: one Airbus A320-200 on lease to Virgin America (U.S.), one Boeing 737-800 on lease to Sky Airlines (Turkey) and one Boeing 757-200SF on lease to Icelandair (Iceland). The three aircraft will cost approximately $103 million. The acquisitions are being funded from the Company’s five-year, $1.2 billion aircraft acquisition facility. Following these acquisitions, B&B Air will have purchasing capacity of $584 million remaining in this facility.

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Rolls-Royce forecasts business aviation growth

Rolls-Royce predicted continued growth in business jet deliveries through the remainder of the decade and forecast an engine market worth $110 billion over the next 20 years, with medium and large business jets dominating in terms of aircraft and engine value. Rolls-Royce forecasts that 79,000 engines, valued at $110 billion, are needed over the next 20 years to meet a demand for 39,000 new business jet aircraft, from very light jets to business jetliners. Demand is being augmented by an increase in deliveries to non-USA markets coupled with the introduction of new models, which will add a further stimulus to Read more

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First Boeing 777 Freighter leaves paint hangar

The first 777 Freighter was moved from the Everett, Wash. paint facility to Everett field on May 19th, bringing the airplane one step closer to its world debut. On May 21, Boeing will debut the 777 Freighter at employee celebration events in the Everett factory where the airplane is built on the same production lines as all other 777 models. Boeing expects to deliver the first 777 Freighter to its launch customer Air France in the fourth quarter of 2008. Eleven customers around the world have ordered 78 777 Freighters.

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Hawker Beechcraft launches new Beechcraft Premier II light business jet

Hawker Beechcraft Corporation (HBC) launched the new Beechcraft Premier II light business jet. Evolving from the successful Premier IA, the Premier II will feature higher cruise speeds, a 20 percent longer range with four passengers and an increased payload. The Premier II will be a twin turbofan, swept wing, light jet aircraft featuring a high-strength, state-of-the-art all-composite fuselage that allows for a medium-jet sized cabin at light jet costs. Featuring luxurious and comfortable standard seating for up to six passengers and their baggage. First flight of the aircraft is scheduled for April 2009 with FAA Certification planned for Q2 2010. Read more

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Vought selected to build wings for Cessna Citation Columbus Business Jet

Vought Aircraft Industries has been selected as the provider of wings and slats for the Model 850 Cessna Citation Columbus business jet. The contract, with a potential value of more than $1 billion, covers engineering design, tooling and production work. Vought has a proven track record of developing and manufacturing aerostructures of superior quality and value for military and commercial use worldwide. Vought

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