AAR completes acquisition of Avborne Heavy Maintenance

AAR has completed the acquisition of Avborne Heavy Maintenance, an independent provider of aircraft heavy maintenance checks, modifications and painting services located in Miami, Florida. The newly acquired business will operate as part of the Company’s Maintenance, Repair and Overhaul (MRO) segment as AAR Aircraft Services — Miami. The acquisition significantly increases the Company’s MRO capacity, workforce and capabilities. The move adds 226,000 square feet of modern hangar space at Miami International Airport and 467 aviation maintenance technicians (AMTs), increasing AAR’s hangar space by 22 percent and bringing the total number of AMTs at AAR to more than 2,000 worldwide.

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Two Allison AE3007A engines placed with Brazilian Air Force

Skyways Aviation has arranged the sale of two AE3007A engines to Southern Cross Aviation of the U.S. for operation with the Brazilian Air Force. Both engines were delivered in February 2008 and will support the existing fleet of fifteen ERJ 145 aircraft. Skyways Aviation was acting on behalf of Air Vend

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BAE Systems agrees to sell flight systems business

BAE Systems signed a definitive agreement to sell its Flight Systems business, located in Mojave, California, to Calspan Corporation. The cash purchase price is $62.5 million plus an additional consideration to be paid pursuant to an earn-out mechanism by reference to the revenues of the business over the next five years. The transaction is subject to the receipt of regulatory approvals and to the receipt of financing by Calspan. Flight Systems, with approximately 170 employees, performs aircraft modification, aircraft operations, flight tests, and aerial full-scale targets production for military and commercial customers. Flight Systems also has operations in Florida and Read more

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Continental Airlines reports February 2008 operational performance

Continental Airlines reported a February consolidated (mainline plus regional) load factor of 76.0%, 1.0 point below the February 2007 consolidated load factor. Continental reported a consolidated traffic increase of 4.5% and a capacity increase of 5.8% as compared to February 2007.

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Alaska Air Group announces completion of stock repurchase program

Alaska Air Group reported the completion of a $100 million stock repurchase program authorized by its board of directors on Sept. 13, 2007. Under the program, the company repurchased 4,113,782 shares of its outstanding common stock, or 10% of the outstanding stock at the start of the program, at an average price of $24.31 per share. Following completion of the repurchase program on Feb. 29, 2008, Alaska Air Group had 36,534,555 shares of common stock outstanding.

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United Airlines reports February laod factor down

United Airlines reported its preliminary traffic results for February 2008. The company reported a February passenger load factor of 74.4% a decrease of 3.1 pts compared to the same period last year. Traffic decreased in February by 0.5% on a capacity increase of 3.7% compared with the same period in 2007.

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PlaneSmart! orders additional Cirrus SR22-G3 Turbos

PlaneSmart! Aviation announced an expansion of their fleet to keep up with customer demand for fractional shares of professionally managed aircraft. PlaneSmart! has ordered two additional fully loaded Cirrus SR22-G3 Turbo aircraft which are expected to roll off the assembly line in time for Spring Flying.

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