Finnair heads for Seoul

Finnair started non-stop flights to Seoul, the capital of South Korea, on June 2nd. Seoul is Finnair’s eleventh destination in Asia. Finnair is the only airline flying non-stop from South Korea to Northern Europe. The flight time from Helsinki to Seoul is 8 hours and 55 minutes. The route completes Finnair’s comprehensive Asian network and supports the important status of Helsinki-Vantaa airport as a hub for traffic between Europe and Asia.

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Mesa Air Group wins injunction in dispute with Delta Air Lines

Mesa Air Group Inc. (Nasdaq: MESA – News) today won a preliminary injunction in the Federal Court in Atlanta enjoining Delta Air Lines from terminating Freedom Air’s ERJ-145 contract. On March 28, 2008, Delta notified Mesa of its intent to terminate the Delta Connection Agreement among Delta, the Company, and Mesa’s wholly owned subsidiary, Freedom Airlines Inc., alleging failure to maintain a specified completion rate with respect to its ERJ-145 Delta Connection flights during three months of the six-month period September 2007 through February 2008.

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HEICO reports record sales and operating income for second quarter

HEICO Corporation reported that net income increased 27% to $11,948,000 for the second quarter of fiscal 2008 from $9,407,000 for the second quarter of fiscal 2007. For the first six months of fiscal 2008, net income increased 27% to a record $22,034,000 from $17,328,000 in the first six months of fiscal 2007. Operating income increased 25% to a record $26,359,000 for the second quarter of fiscal 2008 from $21,083,000 for the second quarter of fiscal 2007. For the first six months of fiscal 2008, operating income increased 30% to a record $49,589,000 from $38,223,000 in the first six months of Read more

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AirTran Airways defers 18 Boeing aircraft deliveries

AirTran Airways reported that it will defer 18 Boeing 737-700 aircraft originally scheduled for delivery between 2009 through 2011 to 2013 through 2014. “As we stated during our first quarter earnings call, as a result of continuing record high fuel costs, we are reducing planned growth for September, 2008, through at least 2009 from 10 percent to no more than flat. This transaction will accomplish a substantial portion of that plan,” said Bob Fornaro, AirTran Airways’ President and CEO.

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ILFC takes delivery of 75th Boeing 777

Boeing and International Lease Finance Corp. (ILFC) reached a historic milestone this week with the delivery of ILFC’s 75th Boeing 777. The Boeing 777-300ER is leased to ILFC’s customer, Cathay Pacific Airways. ILFC has ordered 79 777s from Boeing since 1992, more than any other customer. Cathay Pacific now operates 25 777s, with 22 more 777-300ERs scheduled to be delivered including two more to be leased from ILFC.

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Nippon Cargo Airlines takes delivery of first GE CF6-80C2 engine

Nippon Cargo Airlines has taken delivery of its first GE CF6-80C2 engines incorporating a new, high-pressure turbine upgrade. The turbine upgrade, part of GE’s new Tech CF6 program, was installed in engines for the airline’s new Boeing 747-400F aircraft. Nippon Cargo ordered 10 747-400F aircraft, and the seventh was delivered on May 29th. The remaining three will be delivered between now and February 2009.

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ACE Aviation sells remaining units of Aeroplan- and Jazz Air Income Fund

ACE Aviation Holdings has sold in the market a total of 19,892,088 units of Aeroplan Income Fund for total net proceeds to ACE of approximately $349.3 million and a total of 11,726,920 units of Jazz Air Income Fund for total net proceeds to ACE of approximately $85.0 million. ACE retains no further interest in Aeroplan Income Fund and Jazz Air Income Fund.

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Boeing and Cathay Pacific sign contract for IMM parts solution

Boeing and Cathay Pacific Airways have signed an agreement for an Integrated Materials Management (IMM) solution designed to reduce the airline’s operating costs and allow Cathay Pacific to focus its resources on core business activities. Boeing will manage selected portions of the airline’s expendable spare parts inventory, helping it achieve consistently high service levels for parts availability, increased support for its maintenance operation and improved cash flow.

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