Embraer delivers 36 Legacy 600 in 2007

Embraer delivered 36 Legacy 600 executive jets in 2007, surpassing the 30 aircraft the Company had projected in January 2007. This represents a 33% increase over 2006 and 80% over 2005 deliveries. The first Legacy 600 entered service in 2002 and more than 130 have been delivered to 23 countries. The jet is currently available for delivery in mid-2009, and the list price for contracts signed after March 31, 2008, will be $ 26.93 million.

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Rolls-Royce to power up to 20 A350 XWBs in $880 million agreement

Rolls-Royce announced an agreement with Synergy Aerospace, part of the Synergy Group Corp. of South America, for Trent XWB engines to power its next-generation widebody fleet of 10 firm and up to 10 option A350 XWB aircraft, due for delivery from 2015. The business has a potential value of $880 million at engine list prices. Synergy Aerospace is a holding company for three airlines – Avianca in Colombia, OceanAir in Brazil and Vipsa in Ecuador.

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WestJet reports net earnings of $193 million for full year 2007

WestJet reported record fourth quarter and full-year 2007 results. The airline’s quarterly net earnings increased to $75.4 million from $26.7 million in the same period last year. These results included a one-time favourable adjustment of $33.7 million due to corporate income tax rate reductions enacted by the federal government in the quarter. Excluding the one-time adjustment, fourth quarter net earnings were a record $41.7 million, an increase of 56.3% when compared to the previous year. For the full-year 2007, net earnings were $192.8 million, a 68.2% increase compared to $114.7 million in 2006. Excluding the favourable tax adjustment and the Read more

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Hawker Beechcraft Acquisition Company reports 2007 results

Hawker Beechcraft Acquisition Company reported sales of $2,793.4 million and operating income of $148.3 million for the nine months ending December 31, 2007. During this time period, the Company delivered 351 business and general aviation aircraft. The Company recorded net bookings of $5.1 billion for the nine months ending December 31, 2007, resulting in a record backlog of $6.3 billion.

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Ralph Boyce to lead Boeing's Southeast Asia business

Boeing named Ralph “Skip” Boyce president of Boeing Southeast Asia. Boyce will focus on strengthening the company’s presence across the region and supporting opportunities to increase Boeing’s growth and productivity. He will be based in Singapore and report to Shep Hill, president, Boeing International. Boyce succeeds two retiring Boeing leaders: Douglas Miller, Boeing Integrated Defense Systems vice president and leader of the Boeing Singapore office and Paul Walters, who has led Boeing’s business activities in the remainder of Southeast Asia based in Malaysia.

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AAR completes $225 million private placement of convertible notes

AAR CORP. reported the completion of a private placement of $125 million aggregate principal amount of 1.625% convertible senior notes due 2014 and $100 million aggregate principal amount of 2.25% convertible senior notes due 2016 (together, the “Notes”) in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The Company intends to use $125.0 million of the net proceeds of the offering to repay short-term indebtedness under its revolving credit facility, $26.6 million of the net proceeds to pay the net cost of the convertible note hedge Read more

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Iberia to maintain aircraft, engines and components for Iberworld

Iberia has signed three separate contracts with the Iberworld company under which it will perform aircraft maintenance and logistical support services at the installations of Iberia Maintenance in Madrid. The first contract covers inspections and maintenance of 10 CFM56-5B engines belonging to the Airbus A320 fleet, including disassembly and assembly. The contractual term begins this month and ends in December, 2009. Under the second contract, Iberia Maintenance will service components of Iberworld

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