SAESL breaks ground on new $45 million facility extension

Singapore Aero Engine Services Private Limited (SAESL), which specialises in the maintenance, repair and overhaul (MRO) of Rolls-Royce Trent aero engines, on February 18th broke ground on the site for a new two-storey, 12,000 Sq M development located at Calshot Road in Changi, Singapore. The new development, to be built at a cost of SGD60M ($43 million) will integrate with the existing building and enhance SAESL

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Iberia to maintain aircraft and engines for Air Comet

Iberia has signed agreements with the Spanish airline Air Comet to maintain its aircraft and engines at the Iberia Maintenance facilities in Madrid. The two contracts have a three-year term. The first covers maintenance, inspection, and repair of the CFM56-5C engines used on Air Comet

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TAM receives new Airbus A320

TAM incorporated a new Airbus A320 to its fleet, brought directly from the factory at Toulouse, France. With this aircraft, TAM now has 103 Airbus models – 15 A319s, 71 A320s, 3 A321s, 12 A330s and 2 A340s. The arrival of the new airplane reinforces TAM’s policy of operating a fleet with a low average age, ensuring greater passenger comfort.

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Airbus selects Hamilton Sundstrand for A350 XWB Electric Power Generation System

Airbus has selected Hamilton Sundstrand to provide the Electric Power Generation System for the Airbus A350 XWB. Slated to enter service in 2013, the A350 XWB (Extra Wide-Body) is Airbus’ newest aircraft model, accommodating between 270 and 350 passengers in three basic versions. Hamilton Sundstrand’s A350 XWB electric power generation system (EPGS) comprises four 100 kVA, 230-volt variable frequency generators and four generator control units. Hamilton Sundstrand estimates total program revenue of approximately $1 billion.

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Reduced pilot training now approved for the A380

Reduced A380 transition training for A320 Family, A330 or A340 qualified pilots has been jointly approved by the European Aviation Safety Agency (EASA) and the Federal Aviation Authority (FAA). The latest approval was obtained for the transition training from A320 Family aircraft to the A380 on 7th February 2008. This means that, for example, a pilot flying Airbus’ smallest aircraft, the A318, can be qualified to fly the A380 in 13 working days. It offers operators significant cost savings since training times can be halved compared to standard type rating courses. Reduced transition training, known as Airbus Cross Crew Qualification Read more

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Singapore Airlines selects Trent 900 and TotalCare for additional A380s

Singapore Airlines has selected the Rolls-Royce Trent 900 to power a follow-on order for nine firm additional Airbus A380s. The contract also includes a TotalCare long-term services agreement. The airline previously selected the Trent 900 to power its initial fleet of 10 A380s, of which two have entered commercial service. These engines are also covered by a TotalCare agreement.

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AAR reports $25 million over-allotment option exercised by initial purchasers of convertible notes

AAR CORP. released that the initial purchasers of the convertible senior notes issued on February 11, 2008 (the “Notes”) have exercised in full their over-allotment option to purchase an additional $25 million in aggregate principal amount of Notes. The additional Notes will be allocated evenly between the two tranches of Notes, resulting in a total of $137.5 million aggregate principal amount of 1.625% convertible senior notes due 2014 and $112.5 million aggregate principal amount of 2.25% convertible senior notes due 2016. The Company expects to complete the sale of the additional Notes on February 19, 2008.

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