StandardAero breaks ground on turbine-engine-overhaul facility expansion

Due to growth in turbine-engine-overhaul contracts, StandardAero, a DAE Engineering company, reported the official ground breaking of an 80,000 square foot expansion to their Winnipeg facilities to accommodate the expected engine throughputs. The expansion is timed with several large contract wins and the large volume of engine maintenance associated with those contracts. After securing agreements with several airlines, the company is now at a stage where additional production space is required. At the groundbreaking ceremony, Manitoba Premier Gary Doer announced a $20 million Manitoba Industrial Opportunities Program repayable loan to support the facility’s construction. Doer noted the expansion will bring Read more

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Delta adds first-ever nonstop service between Atlanta and Mumbai, India

Delta Air Lines announced a new daily nonstop flight between Hartsfield-Jackson Atlanta International Airport and Mumbai, India, starting Nov. 1, 2008. The new flight will connect the world’s largest airport with one of the world’s fastest-growing economies. Delta’s recently acquired Boeing 777-200 Long Range (LR) aircraft will make the 17-hour, 55-minute westbound nonstop flight possible.

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AerCap Holdings reports second quarter results

AerCap Holdings N.V. announced the results of its operations for the second quarter ended June 30, 2008. Second quarter 2008 net income was $68.6 million, compared with $34.2 million for the same period in 2007. Sales revenue for the second quarter 2008 was $180.7 million, compared to $84.3 million for the same period in 2007, and was generated from the sale of ten aircraft, two engines and the sale of parts inventory. Committed purchases of aviation assets delivered or scheduled for delivery in 2008 are $1.3 billion, of which $933 million closed in the first half year of 2008. AerCap Read more

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GOL announces traffic statistics for July 2008

GOL Linhas Aereas Inteligentes S.A. released preliminary passenger statistics for the month of July 2008. System passenger traffic for July 2008 increased 12.5% and capacity increased 19% year-over-year (vs. July 2007). System load factor for the month was 64.7%, down 3.8pts compared to July 2007.

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