EADS' A400M engine completes first flight

The TP400 power-plant developed for the A400M by EuroProp International (EPI) took to the air for the first time on Dec. 17, 2008 on a C-130K flight test bed. The TP400 is installed on the inner left engine mount of the C-130K which is otherwise powered by three of the usually four Allison T56 turbopropellers. The aircraft took off at 10:44 a.m. local time from Cambridge airfield in the United Kingdom where Marshall Aerospace, which is conducting the flight test-bed trials, is based, and touched down at 11:59 a.m. local time. The flight lasted one hour and 15 minutes. During Read more

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SAS Group to sell 47,2% holding in airBaltic

The SAS Group has signed an agreement to sell its 47,2% holding in airBaltic to the management of airBaltic. The sales price amount to MLAT 14 (approx MSEK 220) will be paid in cash no later than 31. January 2009. The transaction results in a capital gain of approximately MSEK 175 for the SAS Group. SEB Enskilda has been acting as financial adviser for SAS Group in this transaction.

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Bombardier signs two syndicated letter of credit facilities totalling $6.3 billion

Bombardier announces today that Bombardier Transportation signed a EUR 3.75 billion (approximately $5.4 billion US) Letter of Credit Facility agreement on December 17, 2008 with a syndicate of first quality international financial institutions. The facility is set up in Europe for the sole benefit of Bombardier Transportation and matures in 2013. Simultaneously, Bombardier amended its existing syndicated Letter of Credit Facility, which matures in December 2011, by reducing the facility amount to $840 million US (from EUR 4.3 billion). This amended facility is now subscribed by a core group of preferred North American banks and will be dedicated to supporting Read more

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Cessna delivers the 1,000th European Cessna to BONAIR

Cessna Aircraft Company this week became the first business aircraft manufacturer to achieve a European fleet size of 1,000 jets, with the delivery of a Citation XLS to Turkish charter operator BONAIR. BONAIR, which is based in Florya, Istanbul, has operated Cessnas in its fleet for 22 years and considers itself part of the Cessna family. BONAIR has added the Citation XLS to its fleet to meet the rising demand for business aviation in Turkey.

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Airbus undertakes blended-winglet evaluation on A320

Airbus has started flight-testing of Blended Winglet devices on an Airbus A320. The Blended Winglet technology, developed by Aviation Partners Inc. (API), has been specially adapted for these tests on the A320 Family. The objective of these tests and the subsequent evaluation is to identify both the performance and economic benefits that these devices could offer for Airbus aircraft. In conjunction with follow-up analyses, they will provide data on the overall viability of the devices and help to determine whether API’s technology could be considered for an integrated Airbus programme. Furthermore, this evaluation is being carried out as part of Read more

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Uzbekistan Airways orders four A320s

Uzbekistan’s national carrier, Uzbekistan Airways, signed a firm contract for the purchase of four A320 aircraft as part of the modernisation of its medium range fleet. In addition to six A320s already acquired by the airline in June 2007, this order will further enlarge the airline’s A320 orders up to ten aircraft. The aircraft will be operated on the airline’s extended network of international and domestic destinations. Uzbekistan Airways currently operates three A310s on the routes to Europe and East Asia.

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AAR reports second quarter results

AAR reported income from continuing operations of $21.4 million, or $0.51 per diluted share for the second quarter ended November 30, 2008. Second quarter results include a $21.0 million impairment charge related to aircraft and a $22.1 million gain on extinguishment of debt. Sales increased 14% to $353.6 million from $310.6 million in the prior year due to the impact of acquisitions. Organic sales increased 3.5% excluding the Aircraft Sales and Leasing segment. Sales to commercial customers increased 3% year over year, while excluding the Aircraft Sales and Leasing segment, the sales growth to commercial customers was 10%. Sales to Read more

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