Varig takes delivery of two 737-800s

Brazil’s Varig Airlines took delivery of two new Boeing 737-800 aicraft. The 737-800s are equipped with Blended Winglets and Boeing’s special short-field performance package designed for short runways such as Santos Dumont in Rio de Janeiro. A third Varig 737-800 is now undergoing pre-delivery flight tests.

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Aer Lingus reports first half loss of EUR 3 million

Aer Lingus announced its first half results for the 6 months ended 30 June 2008. Operating loss of EUR 3 million, down from operating profit of EUR 2.6 million in 2007. Loss driven by fuel costs which increased by EUR 56.5 million (48.7%). Aer Lingus reported an overall revenue growth of 10.2% to EUR 632.9 million.

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Lufthansa and SN Airholding in negotiations over strategic equity investment

Deutsche Lufthansa AG and SN Airholding SA/NV, the parent company of Brussels Airlines, are in constructive negotiations over an equity investment in SN Airholding. The intention of the negotiations is a collaboration with Brussels Airlines as self-dependently operating airline within the Lufthansa affiliated group. Brussels Airlines has not been involved in an alliance to date. It operates services from the Brussels hub within Europe and also specialises in flights to Africa. Lufthansa plans to initially acquire 45 per cent of SN Airholding at a proposed price of EUR 65 million in the course of a capital increase. After two years Read more

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Aviall to market Pratt & Whitney engine parts

Aviall Services, a wholly owned subsidiary of The Boeing Company, has entered into an agreement with Pratt & Whitney Commercial Engine Group for exclusive global distribution rights for new parts for non-military JT9D 7/7Q/7R series turbofan engines. Per terms of the agreement, the contract extends for the life of the engine program and Aviall will assume distributorship of the JT9D new engine parts following a formal transition period, estimated to last about six months. The JT9D 7/7Q/7R series turbofan engines are installed on aircraft such as the Boeing 747-100/200/300 (classics), DC-10 and Airbus A300 and A310. The JT9D has a Read more

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HEICO Corporation reports net income increase of 18% for 3rd quarter

HEICO Corporation reported that net income increased 18% to $12,827,000 for the third quarter of fiscal 2008 from $10,914,000 for the third quarter of fiscal 2007. For the first nine months of fiscal 2008, net income increased 23% to $34,861,000 from $28,242,000 in the first nine months of fiscal 2007. Operating income increased 15% to $27,489,000 for the third quarter of fiscal 2008 from $23,944,000 for the third quarter of fiscal 2007. For the first nine months of fiscal 2008, operating income increased 24% to $77,078,000 from $62,167,000 in the first nine months of fiscal 2007.

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Precision Castparts acquires Airdrome Holdings

Precision Castparts Corp. has agreed to acquire Airdrome Holdings, LLC, which consists of Airdrome Precision Components (APC) and AF Aerospace Ltd. (AFA). APC, located in Long Beach, California, is a leading supplier of hydraulic and pneumatic fluid fittings primarily for airframe applications. AFA, located in Rugby, England, manufactures a variety of machined components for aerospace applications, including fittings and other fluid conveyance products, ultra-high tensile bolts, and machined details. Fluid fittings, manufactured in nickel, titanium, and stainless steel alloys, are the critical connectors for hoses transporting fuel, hydraulic fluid, and pneumatic pressure throughout an aircraft.

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EgyptAir and Boeing announce 777 fleet enhancement

EgyptAir announced an order for two 777-300ER (Extended Range) jetliners as part of the airline’s twin-aisle fleet upgrade for its long-haul service. The order, which is worth $529 million at current list prices, previously was attributed to an unidentified customer on Boeing’s Orders & Deliveries Web site. On July 11, EgyptAir celebrated its induction as the 21st member of Star Alliance, officially expanding its network to 1,624 weekly flights to 69 destinations around the world. The Cairo Airport Authority plans to open a dedicated Star Alliance terminal later this year, capable of serving 11 million passengers annually.

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Alaska Airlines completes transition to all-Boeing fleet

Alaska Airlines completed its transition to an all-Boeing 737 aircraft fleet with the retirement of its last MD-80 series airplane, part of a two-year plan to increase the airline’s operational efficiency and improve fuel conservation. The airline has firm commitments for an additional eight Boeing 737-800s through 2008, which will bring its fleet to 116 Boeing 737 aircraft. That compares to 26 MD-80s and 110 total aircraft at the onset of the airline’s fleet transition in 2006.

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Zoom Airlines suspends operations

Zoom Airlines has suspended operations with effect from Thursday 28 August 2008. Both Zoom Airlines Inc and Zoom Airlines Ltd, the Canadian and UK airlines, have started administration proceedings in their home countries. All Zoom flights have been cancelled and aircraft grounded.

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