First V2500 SelectOne powered Airbus A320 delivered to IndiGo

IAE International Aero Engines reported the delivery of the first V2500 SelectOne powered Airbus A320 to launch customer IndiGo. This new V2500 engine build standard, delivers an additional one per cent fuel burn benefit. Aircraft level certification, EASA CS-25, was achieved in July this year, following FAR33 engine level certification in December 2007. The aircraft, registration VT-INV, which is leased from Australia

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Air New Zealand fits winglets to reduce fuel, emissions

Air New Zealand estimates it will save more than NZ$7.5 million in fuel and 16,000 tonnes of CO2 emissions annually by fitting performance-enhancing blended winglets on to its five Boeing 767-300ER aircraft. The 767 fleet, which operates to Australia, the Pacific Islands and Honolulu, will be fitted with the winglets progressively from July next year. The work will be carried out by Air New Zealand Technical Operations and is expected to be completed by the end of 2009.

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Genesis Lease secures a $241 million 7-year debt facility

Genesis Lease Limited has secured a new $241 million, seven year debt facility on an existing portfolio of 11 aircraft. The facility was provided by three leading aviation financing institutions: HSH Nordbank AG, KfW Ipex-Bank GmbH and DVB Bank AG. Proceeds from the financing will primarily be used to refinance outstanding borrowings on the 11 aircraft under Genesis Lease’s revolving credit facility.

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Spirit AeroSystems opens European repair station in Prestwick, Scotland

Spirit AeroSystems formally opened its new Maintenance, Repair, and Overhaul (MRO) repair station in Europe. The Spirit facility, based at the Spirit AeroSystems European headquarters in Prestwick, Scotland, will support customers in Europe, Africa and the Middle East. The new facility, which has received its European Aviation Safety Agency (EASA) Certification, will perform composite repairs and overhauls. The initial scope of work is focused on engine nacelles and components for Boeing 737NG and 777 aircraft.

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Volvo Aero Services and Boeing extend partnership agreement

Volvo Aero Services Corp and The Boeing Company have extended a marketing and distribution partnership agreement, originally established in 1999, for an additional 10 years. Within the agreement, Volvo Aero Services will continue to provide multiple asset management services to support the distribution of quality aircraft parts for a wide range of Boeing aircraft models. In addition, Volvo Aero Services has been awarded the rights to manufacture and distribute Boeing proprietary parts. The program, managed from the jointly established facility in Kent, Washington, covers the distribution of excess parts for in production and out of production Boeing and legacy McDonald Read more

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Gulfstream International announces closing of new debt financing

Gulfstream International Group has consummated two debt financings recently announced, bringing in net cash proceeds of approximately $5.1 million. The terms of these financings are detailed in the Company’s Form 8-K filed on September 18, 2008.

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Bogi Nils Bogason joins Icelandair Group as CFO

Bogi Nils Bogason has been appointed Chief Financial Officer of Icelandair Group, starting October 10, 2008 Bogi Nils Bogason served as an auditor and partner at KPMG in Iceland during 1993-2004. He was CFO at Icelandic Group from 2004-2006 and CFO at Askar Capital from January 2007.

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IAI receives new contract for B767-200 cargo conversions

Cargo Aircraft Management has awarded Israel Aerospace Industries Ltd. Bedek Aviation Group (IAI Bedek) a new contract for B767-200 aircraft conversions to freighter configuration. The contract, signed during the Cargo Facts Conference held in Miami, FL, is to convert up to fourteen aircraft from ABX Air PC configuration to Bedek Special Freighter Configuration (BDSF). The actual value of the transaction is undisclosed but exceeds $100 million. The prototype aircraft is already under work and should receive STC certification in June 2009. The second aircraft (first series aircraft) is scheduled for induction in March 2009. All work will be performed in Read more

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FAA accepts Delta/Northwest plan for single operating certificate

Delta/Northwest have been informed the plans the airlines submitted for interim operations and a Single Operating Certificate transition have been accepted by the Federal Aviation Administration (FAA). The plan outlines the methodology, processes, tools and timing to maintain the safety of the day-to-day operations and to achieve a Single Operating Certificate over the next 15 to 18 months.

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