Ladish acquires Aerex Manufacturing

Ladish Co has acquired complete ownership of Aerex Manufacturing. Aerex, located in South Windsor, Connecticut, is a precision-machining enterprise serving the aerospace and commercial airplane industries since 1966. The purchase price of Aerex was approximately $14 million, paid through a combination of cash and Ladish common stock. Ladish Co., is a leading producer of highly engineered technically advanced components for the jet engine, aerospace and general industrial markets.

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Halcyon Jets announces record revenues of $5 million for June 2008

Halcyon Jets Holdings released that preliminary revenues for the month of June 2008 were $5.0 million, another record high achieved just over a year since the inception of business operations. The Company also recently reported financial results for its first quarter ended April 30, 2008, highlighted by the Company

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Personnel reductions at Northwest Airlines

Northwest Airlines will reduce its frontline and management employees by 2,500 as a result of capacity reductions taken to address the unprecedented run-up in oil prices. In addition, NWA will match its competitors and charge fees for the first checked bag and for frequent flier award tickets, and increase the fees for ticket changes. In June, Northwest announced plans to reduce its system mainline capacity (domestic and international) in the fourth quarter of 2008 by 8.5% – 9.5% versus the fourth quarter of 2007. As a result of these flight reductions, Northwest will reduce its frontline and management personnel by Read more

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Rolls-Royce and British Airways launch alternative fuel trial

Rolls-Royce and British Airways announced the start of a scientific test programme to investigate the viability of alternative fuels for the aviation industry. The in-depth study will seek to identify practical alternatives to the current industry-standard fuel kerosene, with the potential to make real reductions to the carbon footprint of aircraft. The companies will initiate a joint tender process, inviting suppliers to offer alternative fuel samples for testing on a Rolls-Royce RB211 engine from a British Airways Boeing 747. The tests will be carried out on an indoor engine test bed at the Rolls-Royce facility in Derby, UK.

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Condor take-over called off

Air Berlin and Thomas Cook Group informed the German Federal Cartel Office on July 11th about the withdrawal of the application to acquire Condor Flugdienst GmbH by Air Berlin. The September 2007 contract for acquiring Condor in the course of a share swap was cancelled by mutual agreement. Both companies have agreed to continue negotiations regarding the feasibility of alternative solutions. Both Air Berlin and Thomas Cook are interested in exploring other options. In a written communication to the Federal Cartel Office, both parties cited the significantly changed economic framework conditions since the contract was concluded

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ExpressJet Airlines suspends branded commercial operations

ExpressJet Airlines will suspend flying under several lines of its at-risk flying operations in September 2008. ExpressJet mutually agreed to terminate its agreements with Delta Air Lines effective September 1, 2008 and will cease its branded (XE) commercial passenger flight operations on September 2, 2008. The 39 aircraft currently used in these operations will be among those returned to the lessor no later than June 2009. ExpressJet Airlines will continue flying a fleet of 205 aircraft as Continental Express to more than 150 destinations, as well as continue to serve charter customers with a fleet of 30 aircraft through ExpressJet Read more

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Boeing projects global shift to new, more efficient airplanes

Boeing forecasts a $3.2 trillion market for new commercial airplanes over the next two decades, driven by an increasing demand for airplanes to replace older, less efficient aircraft. The Boeing 2008 outlook calls for a market of 29,400 new commercial airplanes (passenger and freighter) by 2027, with a balanced demand in aircraft by region. The forecast takes into account the industry’s near-term challenges, including a slowing worldwide economy, surging fuel prices, slowing traffic growth in some markets, and concerted action by airlines to balance costs and revenues. The influence of current market conditions is clearly reflected in the 2008 outlook, Read more

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Emirates to launch A380 with bi-coastal inauguration

Emirates Airline has announced plans to showcase the new, double-decker Airbus A380 during exclusive familiarization flights in San Francisco and Los Angeles. The familiarization flights will immediately follow the inaugural flight of the aircraft from Dubai to New York JFK on August 1st, 2008. Emirates’ San Francisco familiarization flight is scheduled for Monday, August 4th, 2008 out of San Francisco International Airport and on August 5th the following day, residents of Los Angeles will have their own opportunity to see the A380 at the Flight Path Museum at Imperial Terminal at LAX.

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