Singapore Airlines selects Trent 900 and TotalCare for additional A380s

Singapore Airlines has selected the Rolls-Royce Trent 900 to power a follow-on order for nine firm additional Airbus A380s. The contract also includes a TotalCare long-term services agreement. The airline previously selected the Trent 900 to power its initial fleet of 10 A380s, of which two have entered commercial service. These engines are also covered by a TotalCare agreement.

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AAR reports $25 million over-allotment option exercised by initial purchasers of convertible notes

AAR CORP. released that the initial purchasers of the convertible senior notes issued on February 11, 2008 (the “Notes”) have exercised in full their over-allotment option to purchase an additional $25 million in aggregate principal amount of Notes. The additional Notes will be allocated evenly between the two tranches of Notes, resulting in a total of $137.5 million aggregate principal amount of 1.625% convertible senior notes due 2014 and $112.5 million aggregate principal amount of 2.25% convertible senior notes due 2016. The Company expects to complete the sale of the additional Notes on February 19, 2008.

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STS will remain subsidiary of SAS Group

The Board of Directors of SAS AB has decided that STS will remain a subsidiary of the SAS Group. The decision was taken during the February 5 board meeting. The decision of the Board was taken after several months of work in a project group, consisting of members from STS as well as the unions. In December 2007, the project group presented a unanimous proposal regarding the future of STS in the SAS Group. The decision of the Board of Directors was in accordance with the proposal. The heavy maintenance of Boeing 737 Classic will be conducted outside Scandinavia in Read more

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Final Assembly Begins on second Boeing 787 Dreamliner

Final assembly started on February 15th on the second flight-test airplane for the all-new Boeing 787 Dreamliner. Loaded snugly into the first position of the 787 production system, workers in the Everett, Wash.-based factory can now begin joining together the fuselage sections and wings. All major joins take place in this position. While this is the second of six flight-test airplanes, this Dreamliner is actually the fourth on the production line. It follows the two airplanes that will be used for static and fatigue testing.

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Qantas Welcomes Australia-US 'Open Skies' agreement

Qantas welcomed the Australia-US “open skies” agreement announced by the Minister for Infrastructure, Transport and Regional Development. The Chief Executive Officer of Qantas, Mr Geoff Dixon, said the airline had supported the Australian Government’s efforts to seek fully liberalised air services arrangements between the two countries at negotiations in Washington this week. This had been largely achieved. “We welcome the outcome. It brings new opportunities for growth and competition. Importantly, it will assist the further development of Australia’s aviation industry, as well as help increase trade and tourism with a major economic partner,” Mr Dixon said. The Qantas Group is Read more

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Astronics Corporation reports 2007 full year net income of $15.4 million

Astronics Corporation reported 2007 full year sales increased 42.9% to $158.2 million from $110.8 million in 2006. Fourth quarter sales increased by 25.4% to $36.3 million from $28.9 million in the fourth quarter of 2006. Net income for 2007 was $15.4 million compared with net income of $5.7 million in 2006. For the fourth quarter of 2007, net income was $2.1 million compared with $0.8 million for the same period the prior year. Outlook Backlog at December 31, 2007 was $92.4 million of which approximately $80 million is scheduled for shipment in 2008. Astronics expects 2008 revenue will rise to Read more

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Boeing and Tata Industries to form India joint venture

Boeing and Tata Industries Limited of India have agreed on a plan to form a joint-venture company that will initially include more than $500 million of defense-related aerospace component work in India for export to Boeing and its international customers. Under the memorandum of agreement signed by Boeing and Tata, it is contemplated that the joint-venture company will be established by June 2008, and shortly thereafter will begin work building Boeing aerospace components. It is the intent of Boeing and Tata not only to utilize existing Tata manufacturing capability, but also to develop new supply sources throughout the Indian manufacturing Read more

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