KVH receives $20 million contract for commercial aircraft antennas

KVH Industries a leading provider of in-motion satellite TV and communication systems for mobile platforms, is entering the commercial aviation market following the award of a $20.1 million contract from a leading in-flight entertainment supplier. Under the terms of the multi- year contract, KVH will design, develop, and manufacture new DIRECTV- compatible satellite TV antennas to be used on narrowbody commercial aircraft operating in the United States.

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Pinnacle Airlines reports fourth quarter 2007 financial results

Pinnacle Airlines reported fourth quarter 2007 net income of $6.7 million excluding a potential one-time, non-cash charge that the Company is analyzing. The Company’s net income were $12.3 million for the fourth quarter of 2006, excluding nonrecurring items. The 2007 financial results reflect the contractual changes in the airline services agreement (the “ASA”) between the Company’s wholly owned subsidiary, Pinnacle Airlines, Inc. (“Pinnacle”), and Northwest Airlines, Inc. (“Northwest”) that became effective January 1, 2007, and include the financial results of Colgan Air, Inc. (“Colgan”), the airline acquired by the Company in January 2007

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Lonrho signs for 2 additional ATR 72-500s

Pan-African investing conglomerate Lonrho announced the signature by Lonrho’s wholly-owned subsidiary, Lonrho Air, of a MoU for the purchase of 2 ATR 72-500s. This latest deal follows a first order for 8 new aircraft, announced in January 2008. These 10 new ATR 72-500s will be deployed by Fly540, an airline belonging to the conglomerate. All the aircraft will be configured with 66 seats, including 12 in first class, and will be equipped with higher rated PW 127M engines, with the “Elegance Cabin” and with In-Flight Entertainment (IFE).

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ExelTech releases third quarter results

ExelTech Aerospace a leading aircraft maintenance, repair and overhaul (“MRO”) provider with operations in Montreal and Quebec City, reported its financial results for the third fiscal quarter, which ended December 31, 2007. (All amounts are in Canadian dollars). Revenues for the quarter ended December 31, 2007 totalled $14.6 million compared to $14.0 million for the quarter ended December 31, 2006, an increase of 4%. This increase was driven by continued growth in the Company

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ITP signs agreement for helicopter engine maintenance centre in Albacete

The CEO of Industria de Turbo Propulsores, S. A. (ITP) and the Vice-President and Economic Councillor of the Combined Communities of Castilla la Mancha signed an agreement for the creation of a helicopter engine maintenance and assembly centre in the Albacete Aeronautics Park. This centre is expected to begin its activity towards the end of this year. The new ITP maintenance centre in Albacete will mean an initial investment of 15 million euros, including land acquisition, civil engineering work and the establishment of special teams for turboshaft maintenance. Initially, the project is expected to generate up to 80 jobs, including Read more

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