Embraer reports first quarter 2009 net loss of $23.4 million

Embraer recorded first quarter 2009 net sales of $1,154.1 million and a net loss of $ 23.4 million, equivalent to diluted losses per ADS of $ 0.1289. Due to the severe worldwide economic downturn since September 2008, Embraer recorded cancellations of some of the firm orders of its executive aviation backlog as well as deferrals of deliveries scheduled for the commercial aviation segment. As a result, the Company

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Finnair's second Airbus A330 enters service on Delhi route

Finnair’s second Airbus A330 aircraft will make its first commercial flight to Delhi on 1 May after which it will start regular scheduled flights on New York and Delhi routes. Finnair’s first A330 aircraft started flights on the New York route in April. The arrival of the new planes is a part of the extensive long haul fleet renewal. During the current year, Finnair will receive a total of five new Airbus A330 aircraft. The next A330s will arrive in May and June.

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DAE signs agreement with US Export-Import Bank for 10 Aircraft

DAE Capital, the aircraft leasing and financial business arm of Dubai Aerospace Enterprise (DAE), has secured a financing commitment with the Export-Import Bank of the United States (Ex-Im Bank) worth over $500 million. The financing deal between Ex-Im Bank and DAE Capital supports the delivery of 10 aircraft by guaranteeing commercial loans or providing the loan itself. The aircraft will be allocated for purchase and leaseback agreements with Emirates Airlines and Garuda Indonesia.

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Strategic Airlines to lease Airbus A330-200

STRATEGIC Airlines have confirmed the signing of a lease agreement for an Airbus A330-200 aircraft, to service their ongoing contractual commitments. The aircraft has been leased through Swiss Airlines International, and will replace Strategic’s currently chartered Airbus A330-300. The A330-200 will be used for current Australian contractual requirements, as well as additional charter and ACMI contracts in the region

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B/E Aerospace wins contract to supply cabin lighting for NG Boeing 737

B/E Aerospace reported that Boeing has selected B/E Aerospace as its manufacturer of cabin lighting for the next generation Boeing 737 aircraft program. This innovative B/E Aerospace supplier furnished equipment (SFE) system will become standard equipment on all next generation Boeing 737 aircraft, and is part of B/E Aerospace

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LAN Airlines reports net income of $65.0 million for first quarter

LAN reported net income of $65.0 million for the first quarter 2009. This represents a 34.7% decrease compared to net income of $99.6 million in the first quarter 2008. These results were impacted by a $57.9 million fuel hedging loss recognized during the quarter. LAN’s operating income in the first quarter 2009 reached $118.1 million, a 21.0% decrease compared to operating income of $149.5 million recorded in the first quarter 2008.

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Federal Cartel Office approves ESAS investment in Air Berlin

The Federal Cartel Office in Bonn has notified Air Berlin PLC & Co. Luftverkehrs KG that it has no objections to the Turkish company ESAS Holding A.S. acquiring a stake in the airline. At the end of March this year ESAS Holding bought approximately 15% of the voting shares in Air Berlin PLC. The holding company, which also operates Pegasus Airlines, is to be represented by a non-executive director on the board of Air Berlin PLC.

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Lufthansa reports operating loss of EUR 44 million in first quarter 2009

In a recessionary economic environment the Lufthansa Group generated revenue of EUR 5.0v bn (previous year: EUR 5.6bn) in the first quarter 2009. The operating result of EUR -44 million (previous year: EUR 172 million) stems from a weak demand for passenger and freight flights, but also from the lower price of fuel and from one-off effects. The net loss for the period was EUR -256 million (previous year: EUR 44 million). Last year’s figures have been restated in line with valuation changes under IFRIC 13 (Customer Loyalty Programmes). In the absence of signs that demand will recover in the Read more

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GE Fanuc Intelligent Platforms receives order from Airbus

GE Fanuc Intelligent Platforms, a unit of GE Enterprise Solutions, had received an order for a customized version of the company’s CL11 single board computer (blade) from Airbus (Toulouse, France). The CL11 will be deployed as part of the Cabin Electronics system onboard Airbus aircraft. The initial order is valued in excess of $500,000 but ongoing orders are expected to total around $15 million over the five-year life of the program.

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