Hamburg International orders additional aircraft and receives first Airbus A319

Hamburg International has signed a new firm order for a further two A319s while taking delivery of its first A319. The aircraft, powered by CFM-56 engines from CFM International, was handed over to the airline’s management team at a ceremony held in Hamburg. The aircraft provides a comfortable single-class configuration for 150 passengers. As part of its fleet renewal programme, Hamburg International has ordered 16 A319s in total. The independent charter airline operates on behalf of renowned tour operators and on an ad-hoc -flight-basis. Furthermore the carrier addresses substantial niche markets such as charters for executives and corporate flight operations. Read more

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TACA orders 15 A320 Family aircraft

TACA, a leading Latin American airline, has signed a firm contract for the purchase of 15 additional A320 Family aircraft (12 A320s and three A319s). The aircraft will be configured in a comfortable two-class layout. Engine decision has not yet been announced. TACA already successfully operates a fleet of 36 A320 Family aircraft (nine A319s, 23 A320s and four A321s) serving the whole American continent from Canada to Argentina and Chile.

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BAE Systems announces improved spares support service for Jetstream 31/32

BAE Systems Regional Aircraft announces the appointment of Saywell International as its sole distributor of spares for the Jetstream 31/32 regional turboprop aircraft. The agreement comes into force from February 4, 2008. BAE Systems itself will continue to provide full technical and continued airworthiness support and delivery of technical publications to the Jetstream 31/32 fleet. A multi-million pound stock inventory is being transferred from Regional Aircraft

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Boeing appoints engineering and technology leader in India

Boeing released that Naveed Hussain will serve in India as its Vice President of Engineering and Technology. Hussain will report to Boeing’s Office of Technology and to Ian Thomas, president of Boeing India. He will be based out of Boeing’s India headquarters in New Delhi.

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Hong Kong Airlines selects Rolls-Royce Trent 700 for new A330 fleet

Hong Kong Airlines has chosen Rolls-Royce Trent 700 engines to power its new fleet of 20 Airbus A330-300s. Including a TotalCare long-term services agreement, the value of the business is around $1.2 billion at list prices. Deliveries start in 2010. The announcement maintains the Trent 700

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Lockheed Martin announces 2007 fourth quarter and year-end results

Lockheed Martin Corporation reported fourth quarter 2007 net earnings of $799 million, compared to $729 million in 2006. Net sales were $10.8 billion in both the fourth quarter of 2007 and 2006. Cash from operations for the fourth quarter of 2007 was $420 million, compared to $333 million in 2006. Net earnings for the year ended December 31, 2007 were $3.0 billion, compared to $2.5 billion in 2006. Net sales for the year ended December 31, 2007 were $41.9 billion, a 6% increase over the $39.6 billion in the comparable 2006 period. Cash from operations for the year ended December Read more

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US Airways reports annual profit of $427 million

US Airways Group reported its fourth quarter and 2007 results. Net loss for the fourth quarter was $79 million, compared to a net profit of $12 million for the same period last year. Excluding net special items of $37 million, the Company reported a net loss of $42 million for its fourth quarter 2007. For the full year 2007, the Company reported a net profit of $427 million which compares to a net profit before cumulative effect of change in accounting principle of $303 million for the full year 2006.

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Northrop Grumman reports fourth quarter 2007 income of $457 million

Northrop Grumman Corporation reported fourth quarter 2007 income from continuing operations of $457 million unchanged from $457 million in the fourth quarter of 2006. Fourth quarter 2006 income from continuing operations included a pre-tax gain of $111 million on the sale of approximately 9.7 million shares of TRW Automotive common stock. For 2007, income from continuing operations increased 15% to $1.8 billion from $1.6 billion in 2006. New business awards, firm contractual additions to backlog, totaled $8.7 billion in the fourth quarter led by business awards at Mission Systems and Electronics. Total backlog, which includes funded backlog and firm orders Read more

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