Aer Lingus appoints corporate advisors for privatisation process

Aer Lingus, the Irish state owned airline, confirmed the appointment of Merrion Capital and Goldman Sachs as advisors to the company. The advisors will assist Aer Lingus in the privatisation process already initiated by the Government. New investment in the airline is essential to fund fleet acquisition and other development expenditure required to underpin growth in both the medium and long term. Dermot Mannion, Chief Executive, Aer Lingus said, “This appointment of our corporate advisors comes as discussions on the privatisation process are now entering a critical phase. Merrion Capital and Goldman Sachs will begin their work immediately”.

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Boeing received orders for 679 aircraft in the first ten months of 2006

Boeing logged orders for 36 aircrafts in October 2005. Total orders for the year account now for 679 aircrafts compared to 197 aircraft orders received in the first 10 months of 2004. Boeing delivered 23 aircrafts in October, mainly NG737s. Boeing has an order backlog of 1,509 aircraft by the end of October.

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More than 100 Boeing Business Jets sold since product launch

Boeing Business Jets today has sold a program total of 102 BBJs so far, surpassing its goal to reach 100 orders before the end of the year. Since the launch of the BBJ Program in 1996, 69 customers have ordered 89 BBJs and 13 BBJ 2s. Private individuals comprise 40 percent of the BBJ customer base. About 36 percent are government heads of state, 14 percent are corporate operators and the remaining 10 percent are charter operators.

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Jet Aviation Singapore becomes Boeing Business Jet service Center

Boeing Business Jets signed a service contract with Jet Aviation Singapore, making the company the first authorized service center for BBJs in the Asia Pacific region. Jet Aviation will provide maintenance, repair and overhaul services as well as warranty work on behalf of BBJ customers.

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Lufthansa load factor down

Lufthansa fell short of the record levels in the same month in the previous year. During the month, 4.6 million (- 2.1%) passengers flew with Lufthansa. Only part (+0.6 %) of the marginal increase (+1.6 per cent) in capacity was sold in the market, so that the passenger load factor fell by 0.8 percentage points to 74.7 per cent. In the Americas, reduced capacity led to improved utilisation despite a decline(- 2.5 %) in passenger numbers. In Asia/Pacific, the occupancy rate was down on the year-earlier level to 81 per cent (- 2.2 pp), the passenger count was down by Read more

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Independence Air reaches tentative agreement with aircraft mechanics and flight attendants

FLYi, Inc., parent of Independence Air, which had previously filed for chapter 11, has reached a tentative agreement with the Aircraft Mechanics Fraternal Association (AMFA) that would enact new wage rates and work rules for Independence Air mechanics. The company and AMFA have been negotiating, under supervision of the National Mediation Board, since June 2002. The agreement is subject to membership ratification, as part of a process that will begin shortly. The company also reached agreement with the Association of Flight Attendants-Communication Workers of America (AFA-CWA) to changes in pay rates and work rules, subject to membership ratification. The agreement Read more

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