Boeing to set new world record for distance with 777-200LR Worldliner flight

Boeing is set to make aviation history on November 9, 2005 when a Boeing 777-200LR Worldliner takes off from Hong Kong flying eastbound to London, attempting to set a world distance record. The 777-200LR (Longer Range) will take off with a full load of fuel and 35 passengers and crew, flying nonstop on a route that is likely to exceed a distance of more than halfway around the world.

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ST Aerospace seals $38 million deal for B757 conversion

Singapore Technologies Aerospace Ltd (ST Aerospace) announced that its US facility, ST Mobile Aerospace Engineering (MAE), has been awarded a contract by the New Zealand Ministry of Defence. The contract, worth US$38m (approximately S$65m), involves a cargo conversion and avionics upgrade programme for two of the Royal New Zealand Air Force’s (RNZAF) Boeing 757-200 aircraft. Targeting to induct the first aircraft in October 2006, MAE will convert the aircraft from an all passenger arrangement to a multi-role configuration that allows the carriage of passenger, freight, mixed passenger-freight, Very-Important-Persons (VIPs) and Aero-Medical Evacuation. Completion of the programme is expected to take Read more

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Airbus and AVIC 1 of China signed $500 million A320 cooperation contract

China Aviation Industry Corporation (AVIC 1) and Airbus confirmed the extension of their cooperation in activities to produce A320 Family wing boxes in China. The protocol refers to the initial contract, with a projected total value of over US$ 500 million, signed in Beijing earlier this year between Airbus and AVIC 1, which committed the parties to the third phase of the A320 Family Wing Cooperation Programme, comprising the production of wing boxes and now also including the management of a second tier supply chain. It represents further significant progress in Airbus

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SAS Group expects return to profitability in 2005

The SAS Group reported a net income of MSEK 529 (1994 = MSEK 133) for the third quarter and MSEK 57 (1994 = MSEK -1,094) for the nine-month period ending September 2005. The new business model in Europe and within Scandinavia, with one-way fares and simplified rules increased both the number of sold tickets and the cabin factor increased. The SAS Group is expects to gain market share. As the number of low-fare tickets increases, yield will be negatively affected in the future but this is expected to be compensated by higher volumes.

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Aer Lingus appoints corporate advisors for privatisation process

Aer Lingus, the Irish state owned airline, confirmed the appointment of Merrion Capital and Goldman Sachs as advisors to the company. The advisors will assist Aer Lingus in the privatisation process already initiated by the Government. New investment in the airline is essential to fund fleet acquisition and other development expenditure required to underpin growth in both the medium and long term. Dermot Mannion, Chief Executive, Aer Lingus said, “This appointment of our corporate advisors comes as discussions on the privatisation process are now entering a critical phase. Merrion Capital and Goldman Sachs will begin their work immediately”.

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Boeing received orders for 679 aircraft in the first ten months of 2006

Boeing logged orders for 36 aircrafts in October 2005. Total orders for the year account now for 679 aircrafts compared to 197 aircraft orders received in the first 10 months of 2004. Boeing delivered 23 aircrafts in October, mainly NG737s. Boeing has an order backlog of 1,509 aircraft by the end of October.

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More than 100 Boeing Business Jets sold since product launch

Boeing Business Jets today has sold a program total of 102 BBJs so far, surpassing its goal to reach 100 orders before the end of the year. Since the launch of the BBJ Program in 1996, 69 customers have ordered 89 BBJs and 13 BBJ 2s. Private individuals comprise 40 percent of the BBJ customer base. About 36 percent are government heads of state, 14 percent are corporate operators and the remaining 10 percent are charter operators.

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Jet Aviation Singapore becomes Boeing Business Jet service Center

Boeing Business Jets signed a service contract with Jet Aviation Singapore, making the company the first authorized service center for BBJs in the Asia Pacific region. Jet Aviation will provide maintenance, repair and overhaul services as well as warranty work on behalf of BBJ customers.

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