AAR names D.J. Wetekam new Group VP of MRO segment

AAR reported that Donald J. Wetekam has been named Group Vice President of the Company’s Maintenance, Repair and Overhaul (MRO) segment. Wetekam previously served as President and General Manager of AAR’s Aircraft maintenance facility in Oklahoma City. As Group Vice President, Wetekam will oversee all of AAR’s MRO activities and be responsible for growing the Company’s domestic and international MRO business and expanding its offerings to government customers. In another move to strengthen and increase its MRO business, AAR has appointed Mickey Cohen Vice President, Commercial MRO Group, reporting to Wetekam. In this expanded role, Cohen will oversee all commercial Read more

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Iberia wins new contracts to maintain another 20 engines

Iberia has signed new exclusive contracts with Italian carriers Eurofly and Meridiana to maintain their CFM-56-5B engines at the Iberia Maintenance facilities in Madrid. The five-year contracts call for the maintenance of 20 CFM-56-5B engines, as well as their components, used to power eight Airbus A-320s and two Airbus A-319s. Meridiana was founded in 1963 to help develop the Costa Smeralda in Sardinia. Based in Olbia, it operates 62 flights to 30 destinations. Eurofly is another Italian company with flights to 18 destinations, including Fuerteventura and Tenerife Sur in the Canary Islands.

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Southwest Airlines reports fourth quarter earnings

Southwest Airlines reported its fourth quarter and full year 2007 results. Net income for fourth quarter 2007 was $111 million compared to $57 million for fourth quarter 2006. Excluding special items, fourth quarter 2007 net income was $87 million compared to $100 million in fourth quarter 2006. For the full year 2007 net income was $645 million compared to $499 million for 2006. Excluding special items, full year 2007 net income was $471 million compared to $578 million for full year 2006.

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BAE Systems Regional Aircraft and Ansett Aircraft Spares & Services plan long-term collaboration

In a joint announcement BAE Systems Regional Aircraft and Ansett Aircraft Spares & Services, as a first step to developing a long-term relationship, have signed an agreement under which Ansett will relocate its current operations and inventory at Heathrow to the BAE Systems facility at Weybridge, UK. Inventory includes spares for civil aircraft of all major commercial aircraft manufacturers. Additionally, Ansett has also purchased a substantial amount of surplus BAE 146/Avro RJ spares from Regional Aircraft to add to its existing inventory. This will enhance the Company

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Southwest Airlines bringing internet to the sky via satellite

Southwest Airlines will be the first US carrier to test satellite-delivered broadband Internet access on multiple aircraft. With this innovation, Southwest Customers with a wi-fi enabled device will have full access to the Internet including e-mail, music, shopping, and virtual private networks (VPN) via a high-speed connection. Southwest Airlines is partnering with Southern California-based Row 44 and hopes to begin testing Internet capabilities on four aircraft this summer.

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Delta Air Lines reports fourth quarter 2007 net loss

Delta reported a pre-tax loss for the quarter of $105 million, an $80 million improvement compared to the prior year period excluding reorganization items. Delta’s net income for the year was $1.6 billion, or $418 million excluding reorganization related items. Delta reported a net loss of $70 million for the fourth quarter.

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Freight Feeder Aircraft re-designs to accommodate larger containers

Freight Feeder Aircraft Corporation reported that because of global market demand and the simplicity of the aircraft design, it has made the decision to upgrade the design of its Freight Feeder aircraft by slightly widening the cargo-bay to accommodate six (6) of the larger 96in x 125in

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Aviation Capital Group reports 2007 activity

Aviation Capital Group, one of the largest commercial jet leasing companies, said that it completed 48 aircraft lease and acquisition transactions in 2007. The company also announced orders valued at more than $5 billion at list prices during the year for 45 Airbus A320 family airplanes and 30 Boeing 737s and five Boeing 787s. The transactions are: Adam Air, B737-400, Lease Extension Aeromexico, B737-700, Acquisition Aeromexico, (3) B737-800, Acquisition Air Astana, A320-200, New Lease Air Canada, (2) B767-300ER, Acquisition Alaska, B737-400, Lease Extension bmi, B737-300, New Lease Europe Airpost, B737-300, Lease Extension Futura, B737-400, New Lease Garuda Indonesia, B737-400, New Read more

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AerCap announces fourth quarter 2007 transactions

AerCap Holdings reported the completion of the following transactions during fourth quarter 2007: AerCap signed contracts for 21 aircraft and 13 engines in fourth quarter 2007. The 21 new lease agreements for aircraft signed in the fourth quarter for future delivery to the operator included: — Six new Airbus A320 for Aeroflot (Russia), — One Boeing 737-500 for Aeroflot-Nord (Russia), — Four new Airbus A320 for Air Arabia (United Arab Emirates), — Three new Airbus A320 for Spring Airlines (China), — Six new Airbus A320 for TAP (Portugal), and — One Boeing 767-200 for US Airways (United States). The 13 Read more

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ABX Air, All Nippon Airways extend ACMI agreement

ABX Air and All Nippon Airways have signed a new ACMI Agreement that extends their landmark relationship through mid-January 2010. Under the new agreement, ABX Air will continue to support ANA’s cargo operations throughout the Asian market, including Japan, China and Thailand, via two ABX Air 767-200 aircraft and ABX Air flight crews and maintenance personnel. The new agreement contains terms that better reflect the evolving relationship between ANA and ABX Air, while anticipating the potential for growth in that relationship as ANA

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