TAM posts second quarter profit

TAM S.A. reported its second quarter results for 2008 (2Q08). Operational and financial data, except where otherwise indicated, are presented based on amounts consolidated in Reais (R$) and prepared in accordance with accounting principles generally accepted in Brazil (BR GAAP). TAM reported EBIT and EBITDAR margins of 2.7% and 12% respectively, net income of R$ 50.2 million, a positive margin of 2%. Total cash and cash equivalents equalled R$ 2,009 million.

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Piper luxury aircraft deliveries continue at record-breaking levels

Piper Aircraft announced that its piston aircraft deliveries are up 18%. The company also announced that overall deliveries for the first half of 2008 are up 13% over the same period last year and that its PA-46, luxury aircraft models are registering record deliveries. In all, Piper delivered 118 aircraft with $92,782,802 in billings in the first half of 2008, compared with 104 aircraft and $78,967,711 in billings in the first half of 2007.

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Copa Airlines receives Embraer 190 flight simulator

Copa Airlines has received an Embraer 190 flight simulator, becoming the first airline in Latin America with both Embraer 190 jet and Boeing 737 Next Generation simulators for pilot training. The Embraer 190 flight simulator was unveiled today during a ceremony at Copa Airlines’ Training Center in Panama, attended by Panamanian President Martin Torrijos, members of his Cabinet and special invited guests.

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Willis Lease Finance net income grows 46% in 2Q08

Willis Lease Finance Corporation reported the ongoing growth of its engine portfolio, high utilization and strong market demand for leased engines contributed to 20% year-over-year revenue growth in the second quarter of 2008. Willis Lease net income available to common stockholders increased 56% to $5.6 million in the second quarter of 2008, compared to $3.6 million in the like quarter a year ago. In the first half of 2008, net income available to common stockholders grew 38% to $10.0 million from $7.2 million in the like period of 2007.

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Singapore Airlines adds second all-business class service to Asia

Singapore Airlines has launched a new all-Business Class service from Los Angeles to Singapore on Sunday, August 10th. This is the second all-Business Class service Singapore Airlines offers from North America, bringing the enhanced non-stop product to the West Coast after its initial launch in New York (Newark) on May 15, 2008. The newly reconfigured Airbus A340-500 replaces the two-class, 181-seat configuration with 100 of the Airline’s new Business Class seats. Singapore Airlines is the first to operate an all-Business Class service on the transpacific route.

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