Continental Airlines to offer live television and e-mail on domestic flights

Continental Airlines has entered into an agreement with LiveTV, that will allow Continental to offer 36 channels of live, inflight satellite-based television programming provided by DIRECTV, the nation’s leading satellite television provider, at every seat on Continental’s new generation aircraft. The service is expected to be available to customers on flights operating within the continental United States beginning in January 2009. In addition, Continental will be introducing onboard Wi-Fi services including e-mail and instant messaging connectivity offered by LiveTV.

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TUI Travel plans to merge Germanwings, Eurowings and TUIfly

TUI Travel PLC has signed a Memorandum of Understanding with Deutsche Lufthansa AG and Albrecht Knauf Industriebeteiligung GmbH, allowing the parties to proceed with plans to merge their subsidiaries Hapag-Lloyd Fluggesellschaft GmbH, Hapag-Lloyd Express GmbH, Germanwings GmbH and Eurowings Luftverkehrs AG under a joint and independent holding company. The prerequisites for the conclusion of legally binding agreements will be a due diligence process and negotiations of the specific details. The merger will require approval by the relevant bodies of the companies involved and by the anti-trust authorities.

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Northwest Airlines reports fourth quarter net loss of $8 million

Northwest Airlines reported a 2007 pre-tax profit of $764 million before reorganization items, a 154 percent improvement over its 2006 pre-tax income of $301 million before reorganization items. For the fourth quarter 2007, Northwest reported a net loss of $8 million. Results for the fourth quarter include a $14 million pre-tax loss associated with the sale of its remaining equity interest in Pinnacle Airlines. Excluding this item, Northwest

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MatlinPatterson signs for six A330-200F

MatlinPatterson Global Advisers LLC, the US investment fund, through an affiliate, has signed a firm contract for six A330-200 Freighter aircraft. The company intends for the aircraft to be used by certain of its airline portfolio companies, such as Varig Logistica in Brazil and Global Aero Logistics in the USA. With this agreement the two airlines will become new Airbus operators. This new contract brings firm orders for the recently launched A330-200F to 72 firm orders from eight customers, confirming the strong market demand in the Freighter sector.

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Joint venture airline AeroLogic to operate Boeing 777 freighters

Deucalion Capital VII Limited (“Deucalion”), a company advised and managed by DVB Bank AG, has purchased eight Boeing 777 Freighters for lease to AeroLogic, a new joint venture airline formed by Lufthansa Cargo and DHL Express. Valued at $2 billion at list prices, the eight 777 Freighters were ordered by Avion Group of Iceland in 2005. Avion Group terminated its order and the airplanes were picked up by Deucalion in late 2007. Deucalion will lease the freighters to AeroLogic, the joint venture first announced by Lufthansa Cargo and DHL Express last year, for cargo services on European-Asian routes. AeroLogic will Read more

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Virgin America and Revision3 partner to bring web-TV to the skies

Virgin America and Revision3, the Internet TV network built for the web generation, are partnering to bring original, cutting-edge web-based television programming to guests on the next generation carrier’s flights. Revision3 programming on Virgin America will make its debut this March and will be available on the airline’s flights to New York, San Francisco, Los Angeles, Washington D.C., Las Vegas, San Diego and Seattle.

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Northwest Airlines selects SolArc for jet fuel management

SolArc, an innovative, market-focused software company with a proven solution that streamlines and automates the jet fuel supply chain, reported that Northwest Airlines will implement SolArc RightAngle for managing the jet fuel supply, logistics, accounting and price hedging for their domestic and international operations. Northwest Airlines will use SolArc RightAngle to manage jet fuel procurement, taxes, inventory, and automated payables matching integrated with IATA InvoiceWorks. A major goal of the initiative is to consolidate information systems and implement best practices for managing the fuel spend.

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