Star Navigation signs additional MOU in China

Star Navigation announced an important Memorandum of Understanding (MOU) that has been signed in Beijing at the offices of the Aviation Data Communication Corporation (“ADCC”) – a jointly owned subsidiary of Civil Aviation Administration of China (“CAAC”) and 9 other airlines in China. This MOU is an important step that will help facilitate a formal agreement for retrofit installations of Star’s TERRASTAR:RTM on the current aircraft fleets in China.

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Emrise receives $1.0 million in new orders for in-flight entertainment products

EMRISE CORPORATION, a multi-national manufacturer of defense and aerospace electronic devices and communications equipment, announced that it has received $1.0 million in new orders for electronic devices and subsystems to be used in commercial In-Flight Entertainment and Communication (IFE&C) systems. Shipments of these orders are expected to begin in the first quarter of 2009 and continue through the first half of 2009.

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Pratt & Whitney's F135 successfully completes first supersonic flight

Pratt & Whitney’s F135 engine successfully completed its first supersonic flight, reaching a top speed of Mach 1.05, or about 680 miles per hour. The first supersonic flight is a significant program milestone demonstrating the capability and performance of the F135 engine.

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ExpressJet adds additional $10 million to securities repurchase program

ExpressJet Holdings announced that its Board of Directors has authorized an additional $10 million for the previously announced securities repurchase program. The company expects any purchases of the notes or the stock to be made from time to time in the open market or in privately negotiated transactions. The timing of any repurchases under the program will depend on a variety of factors, including market conditions, and may be suspended or discontinued at any time. Common stock acquired through the repurchase program will be available for general corporate purposes, and convertible notes repurchased under the program will be cancelled.

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Jet Aviation Basel completes hangar 1A

Jet Aviation Basel recently completed its 3,300 sq m (35,520 sq ft) hangar 1A extension. By adding the new hangar, the facility can now better accommodate its Dassault Falcon completions line. The extension 1A, together with the adjacent hangar 1, can now accommodate the entire Dassault Falcon completions. Jet Aviation’s Dassault Falcon aircraft completions include Dassault Falcon F2000, F900 and F7X.

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North American Airlines grows its charter fleet

North American Airlines, a subsidiary of Global Aero Logistics, is growing its fleet of charter jets. North American has entered into an agreement with aircraft lessor AerCap Group to take delivery of its sixth Boeing 767-300ER in December 2008. This additional B-767 will be used to grow our commercial and military charter business,” said Jeff Sanborn, Global’s Chief Marketing Officer.

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Qantas announces further capacity cuts and profit forecast

Qantas said it would further cut capacity as the global financial crisis continued to affect passenger demand. The Chief Executive Officer of Qantas, Mr Geoff Dixon, said that in addition to capacity cuts announced earlier this year, Qantas would reduce capacity equivalent to grounding 10 aircraft. “By taking this action now we will have the flexibility to switch growth back on as soon as market conditions improve. We are in unpredictable times and the international business market, in particular, has slowed,” he said. As a result of the slower demand Qantas now expected its profit before tax for the 2008/09 Read more

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