North American Airlines reaches tentative agreement with pilots

North American Airlines has reached a tentative agreement on an initial 54-month contract with its pilots, represented by the International Brotherhood of Teamsters (IBT). The tentative agreement, subject to ratification by the North American pilots, will take effect upon the date of signing.

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United Airlines appoints Douglas McKeen Senior Vice President Labor Relations

United Airlines appointed P. Douglas McKeen as senior vice president – Labor Relations. McKeen, an employment lawyer and highly regarded labor negotiator, joins United with more than 20 years of airline labor relations and human resources experience, including most recently at ASTAR Air Cargo, where he led negotiations on a pilot contract with the Air Line Pilots Association that was recently approved.

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Singapore Airlines takes delivery of third A380

The third production Airbus A380 (MSN006) was handed over to Singapore Airlines on 11th March. Equipped with four Rolls Royce Trent 900 engines, the third aircraft for the first A380 operator follows the delivery of the first A380 (MSN003) on 15th October 2007 and second delivery (MSN005) on 11th January 2008. The third aircraft is fitted with the same spacious and luxurious cabin-interior Singapore Airlines revealed on the occasion of the delivery of their first A380, also featuring 471 seats in three classes. Singapore Airlines’ third A380 will join the two first aircraft which are being used on daily schedule Read more

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Boeing protests U.S. Air Force tanker contract award

Citing irregularities with the process of the competition and the evaluation of the competitors’ bids, The Boeing Company has filed a formal protest with the Government Accountability Office (GAO), asking the agency to review the decision by the U.S. Air Force to award a contract to a team of Northrop Grumman and European Aeronautic Defence and Space Company (EADS) to replace aerial refueling tankers. “Our analysis of the data presented by the Air Force shows that this competition was seriously flawed and resulted in the selection of the wrong airplane for the warfighter,” said Mark McGraw, vice president and program Read more

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EADS reports 2007 net loss of Euro 446 million

EADS delivered a strong business performance in 2007 while experiencing significant challenges. The Group’s order intake, at record heights, doubled compared to the previous year and the EBIT reached break-even, as was indicated in EADS’ revised guidance. For 2008, the Group targets an EBIT of

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PW127M engine certified to power ATR regional turboprop aircraft

Pratt & Whitney Canada has received type certification from Transport Canada and the European Aviation Safety Agency for the PW127M engine, the newest member in the PW100 regional turboprop family. The PW127M offers five per cent more power than its predecessor, the PW127F engine. The PW127M is a derivative of the PW127F and PW127E engines that today power the ATR 42-500 and ATR 72-500 regional turboprop aircraft. The PW127M will be offered on these aircraft going forward and will also be the standard engine on the newest versions of ATR

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European Commission searches offices of Deutsche Lufthansa AG

Lufthansa released that the European Commission conducted an investigation in the offices of Deutsche Lufthansa AG in Frankfurt on March 11th. According to information from the investigation decision, the Commission has information that passenger aviation companies including Lufthansa in Europe and in Japan may have taken part in anti-competitive price-fixing and collusive behaviour in traffic between the EU and Japan. Lufthansa is cooperating with the European Commission in full and willingly providing all the requested information.

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Babcock & Brown arranges over $250 million of aicraft acquisition financing

International investment and specialised fund and asset management group Babcock & Brown announced that a joint initiative with HCI Capital AG (HCI), a leading distribution house for closed funds and structured products in Germany, has acquired its first aircraft leasing investment with the purchase of two Boeing 777-200LR aircraft delivered to Air Canada in February 2008. The aircraft have been leased back to Air Canada under long-term operating leases. Norddeutsche Landesbank Girozentrale (NORD/LB) provided the long-term and equity bridge loan financing for the transactions. Babcock & Brown acted as the arranger for the initial purchases and will also co-initiate the Read more

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SAS receives compensation and orders new Bombardier aircraft for fleet replacement

SAS has agreed a settlement with Bombardier and Goodrich regarding the incidents involving the Dash aircraft in the autumn of 2007. The details of the agreement are confidential but SAS Group confirms the total financial compensation is slightly more than SEK 1 billion in the form of a cash payment and credits for future firm and optional aircraft orders. As part of the agreement, the Board of Directors of SAS AB has approved an order for 27 aircraft, with an option for a further 24 aircraft. The new aircraft to be delivered by Bombardier will be jet aircraft of the Read more

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