Lufthansa pays around 269 million Swiss francs for SWISS out-performance option

Three years to the day since the announced integration of SWISS in the Lufthansa Aviation Group, the former majority shareholders of the Swiss carrier will shortly be receiving the payout for their out-performance option from the German airline. In exchange for their onetime SWISS shares, they will be paid a total of about 269 million Swiss francs (about 172 million euros). The payout level depends on the performance of the Lufthansa share price compared with the share price of a specified group of competitors (British Airways, Air France/KLM, Iberia). In the reference period Lufthansa shares have out-performed the defined basket Read more

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Bombardier receives order for six CRJ700 NextGen aircraft

Bombardier Aerospace reported that it has received a signed firm order for six CRJ700 NextGen regional jets. The airline which placed the order has also taken options on an additional 10 aircraft, and has requested to remain unidentified at this time. Based on the list price for the CRJ700 NextGen aircraft, the value of the order is approximately $207 million. If all 10 options are exercised, the value of the order could rise to approximately $562 million.

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GE Rolls-Royce fighter engine team completes F136 high-altitude tests

The GE Rolls-Royce Fighter Engine Team has successfully completed a high-altitude afterburner testing program at the US Air Force Arnold Engineering Development Center in Tennessee, including common exhaust hardware for the F-35 Lightning II aircraft. The F136 engine is a 40,000+ lb. thrust, combat engine that will be available to power all variants of the F-35 for the US military and eight partner nations.

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Qantas to introduce connectivity on domestic fleet

Qantas announced it would roll out new technology on its domestic aircraft from late 2008 to allow customers to send and receive email and SMS via mobile phone or personal electronic device. Qantas has partnered with AeroMobile, which has developed the technology which allows mobile phones and portable devices to be used safely inflight without interference to aircraft systems or the ground communication network.

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