LAN CARGO signs landing gear repair agreement with Boeing

Boeing’s Commercial Aviation Services organization announced LAN CARGO will be the launch customer for a repair and overhaul services offering for landing gear on Boeing 767 freighters. By signing for the Boeing Service Center Repair Network, LAN CARGO will receive worldwide access to landing gear repair and replacement. The Landing Gear and Overhaul program is a Boeing program designed to return airplanes to revenue-generating service as fast as possible.

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Honeywell reports first quarter sales up 11% to $8.9 billion

Honeywell reported first quarter 2008 sales increased 11% to $8.9 billion from $8.0 billion in 2007. Earnings were up 30% to $0.85 per share, versus $0.66 per share in the prior year. Cash flow from operations was $721 million versus $578 million in the first quarter of 2007 and free cash flow (cash flow from operations less capital expenditures) was $571 million, compared to $458 million last year, in each case an increase of 25%.

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ORIX Aviation releases latest lease, sale and purchase activity

ORIX Aviation, the Dublin based Operating Lessor, reported the completion of the following transactions: Leases of eight aircraft: Lease extension of A320-200 x 2, MSNs 324 and 330, to Air Canada un 2014. Lease extension of A319-100 x 2, MSNs 1445 and 1604, to British Airways until 2013. Lease of A320-200 x 1, MSN 1383 to SAS until 2018. This aircraft has been subleased to Spanair. Lease of B737-500 x 2, MSNs 25066 and 28084, to Sterling Airlines until 2013. Lease of B737-400 x 1, MSN 24164, to Comair Limited South Africa until 2013. Sales of four aircraft and two Read more

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Continental Airlines reports first quarter net loss

Continental Airlines reported a first quarter 2008 net loss of $80 million. Excluding a $5 million after tax gain from the sale of aircraft, Continental recorded a net loss of $85 million. Continental plans to remove from service an additional 14 older, less fuel efficient 737-300 aircraft as leases expire on those aircraft from September 2008 to April 2009. These 14 737-300s are in addition to the 34 737-300s and 500s that were already planned to be removed from service in 2008 and 2009.

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Honda Aircraft Company expands HondaJet sales to Europe

Honda Aircraft Company announced plans to expand sales of HondaJet to Europe, beginning in May at the annual EBACE (European Business Aviation Convention & Exhibition) conference in Geneva, Switzerland. The sales expansion comes as Honda Aircraft Company finalized its U.S. distribution network with the selection of Albany, New York, as the final location among its five sales and service facilities being established across the country.

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Boeing Australia to open component repair business

Boeing Australia opened a component repair business that will be housed in a new AUS$10 million facility at Melbourne Airport, Victoria. The new business will maintain, repair and overhaul a wide range of components for commercial and military aircraft, ranging from the revolutionary Boeing 787 Dreamliner to the Royal Australian Air Force’s F/A-18 Hornet. Boeing Australia Limited President David Withers said the opening of the new business puts the company at the forefront of aircraft composite-repair technologies and significantly expands its capabilities.

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