Alaska Air Group reports first quarter loss

Alaska Air Group reported a first quarter 2009 net loss of $19.2 million, compared to a net loss of $37.3 million in the first quarter of 2008. Excluding mark-to-market fuel hedge gains of $10 million ($6.2 million after tax), the company reported a net loss of $25.4 million compared to a net loss of $37.7 million in first quarter 2008.

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Pratt & Whitney and ITR sign $5 million part repair agreement

ITR (Turborreactores, S.A. de C.V.) signed a four-year exclusive part repair agreement with Pratt & Whitney’s Dallas Airfoil Repair Operations (DARO) and Turbine Overhaul Services (TOS) worth an estimated $5 million. The agreement will cover turbine blade and vane repairs for the JT8D engine.

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Czech Airlines inks global maintenance agreement with ATR

Czech Airlines and ATR announced the signature of a Global Maintenance Agreement (GMA), valued at over $14 million. The contract, for a period of 7 years, covers the repair of the Line Replaceable Units (LRUs) of the 12 ATR aircraft of the airline. Through the signature of this contract, Czech Airlines becomes the launch customer of the recently developed ATR

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Lufthansa and Bombardier sign flight and maintenance training agreement

Bombardier Aerospace, Lufthansa Flight Training (LFT) and Lufthansa Technical Training (LTT), signed the first Authorized Training Provider (ATP) agreement for the Bombardier CSeries aircraft. The agreement will ensure that European operators of CSeries aircraft have access to world-class training services right at their doorstep. LFT is a wholly owned subsidiary of Deutsche Lufthansa AG while LTT is a wholly owned subsidiary of Lufthansa Technik AG. Under the agreement, LFT will provide pilot training and cabin crew training, and LTT will provide technical training for Europe-based operators of the 110-passenger CS100 aircraft and 130-passenger CS300 aircraft, scheduled to enter into service Read more

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First-quarter results affirm MTU Aero Engines

MTU Aero Engines has reported a 10% improvement in revenues to EUR 693.1 million for the first quarter of 2009 (1-3/08: EUR 630.0 million). Discounting the effect of the U.S. dollar exchange rate, revenues decreased by 2%. Operating profit amounted to EUR 75.2 million, compared with EUR 80.0 million in the first three months of 2008. This reduction is mainly attributable to higher research and development expenses, in addition to the impact of the present market situation. The EBIT margin for this three-month period amounted to 10.8%, which slightly exceeds the level expected by MTU for the full year. Net Read more

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Boeing reports net income of $0.6 billion

Boeing reported first-quarter net income of $0.6 billion with earnings per share of $0.86 which includes the previously announced $0.38 per share reduction from revised twin-aisle commercial airplane production rates and lower price escalation forecasts. Revenue rose 3% to $16.5 billion on higher commercial airplane deliveries and higher volume in defense. Operating cash flow was $0.2 billion, backlog at $339 billion — nearly five times current annual revenues.

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Air Methods signs long-term FMP Program with P&WC

Pratt & Whitney Canada signed a Fleet Management Program agreement with Air Methods Corporation of Englewood, Colo., to provide engine support for Air Method’s growing fleet of helicopters used for emergency air medical transportation services. The Turboshaft Flex FMP program agreement covers approximately 125 PW200 series engines, plus spares, installed on Air Methods’ fleet of Eurocopter EC135, Agusta A109 Power and Bell 429 helicopters for an approximate period of two full overhaul events. P&WC engines covered include PW206B, PW206B2, PW206C and PW207D1 models.

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Pratt & Whitney Canada signs FMP program agreement with ADAC

Pratt & Whitney Canada Customer Service Centre Europe GmbH, a joint venture between Pratt & Whitney Canada and MTU Aero Engines, signed a 16-year Fleet Management Program agreement with Germany’s renowned Automobile Club ADAC to provide comprehensive maintenance support for PW206B2 engines installed on their fleet of 19 Eurocopter EC135P2 helicopters.

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GE Aviation appoints Volvo Aero Services as preferred distributor of engine parts

Volvo Aero Services and GE Aviation have signed a five year agreement for distribution of certain low volume new and used parts for CF34, CFM56, and CF6 engines. Volvo Aero Services will provide asset management services, which includes forecasting, planning, marketing, warehouse and distribution elements. The focus on certain low volume material will complement GE Aviation’s existing new and used high volume parts distribution network.

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