Finnish carrier BLUE1 extends RJ85 lease with BAE Systems

Finnish regional carrier Blue1, which is a member of the SAS Group, has signed a long-term lease extension with BAE Systems Regional Aircraft on one RJ85 (msn E2392). This lease will see the aircraft operating in the Blue1 fleet well into the next decade. This transaction follows a deal announced in October last year under which Blue1 extended leases on four other RJ85s in its fleet. At the same time it was confirmed that two other RJ85s currently operating with Blue1 are being returned to BAE Systems for onward lease to BA CityFlyer from Spring 2008. It is also confirmed Read more

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BAE Systems reports strong market for Jetstream 41

BAE Systems Regional Aircraft confirms that the market for its portfolio Jetstream 41 remains buoyant and that during 2007 a total of 22 transactions were completed, more than double the 2006 total. Previously confirmed transactions included new leases for 11 aircraft with Eastern Airways of the UK – the world’s largest fleet operator of the type – the lease of four aircraft to new Colombian operator EasyFly S.A. and a lease extension for one aircraft with SA Airlink of South Africa. Regional Aircraft announces the following new 2007 transactions: Capital Aviation Holdings has purchased three aircraft (msn 41055, 41058 and Read more

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Boeing begins major assembly of first new 777 Freighter

Boeing mechanics began major assembly of the new 777 Freighter at the company’s Everett, Wash., facility on January 29th. The first 777 Freighter will be delivered to launch customer Air France in the fourth quarter of 2008. “Our vision to develop the 777 Freighter as the world’s most capable twin-engine cargo airplane is now becoming a reality with the start of major assembly,” said Kim Pastega, deputy program manager and engineering leader, 777 Freighter Program. “Our customers and suppliers worked closely with us to reach this important milestone.”

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B/E Aerospace to supply passenger and crew oxygen systems for new A350 XWB

Airbus has selected B/E Aerospace as its supplier of next generation passenger and crew oxygen systems for the new A350 XWB aircraft. The award is initially valued at more than $125 million. The A350 XWB will be equipped with B/E Aerospace

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LAN Airlines reports net income of $100.8 million for 4Q07

LAN Airlines S.A. reported its consolidated financial results for the fourth quarter and full year ended December 31, 2007. LAN reported net income of (US)$100.8 million for the fourth quarter of 2007, a 7.7% increase compared to net income of $93.6 million in the fourth quarter of 2006. Net income for full year 2007 reached $308.3 million, compared to $241.3 million for full year 2006. Excluding extraordinary items recorded in 2006, net income for full year 2007 increased by 44.8%. Continuing with the expansion and renewal of its fleet, LAN received two new Boeing 767-300 passenger aircraft during the fourth Read more

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$260 million for FF5000 aircraft development

Freight Feeder Aircraft Corporation has entered into a $260 million investment banking engagement agreement for a two year period with CapNet Securities Corporation (“CapNet”) as its exclusive financial consultant, placement Agent and finder in connection with various financing strategies. The initial (Stage 1) contemplated equity financing is planned at $10 million which will be used to continue the development of the Freight Feeder Prototype aircraft now under construction by Metalcraft Technologies. The secondary (Stage 2) contemplated equity financing is planned at $250 million which will be used to complete FAA Certification and commence initial production of the Freight Feeder aircraft.

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JetWorks Leasing to adopt the name SkyWorks Leasing

JetWorks Leasing will adopt the name SkyWorks Leasing effective immediately. JetWorks was founded in 2004 as an affiliated company of SkyWorks Capital to concentrate on asset management, operating leasing and related services whereas Capital is focused on a wide array of financial advisory services to the commercial aviation and aerospace industries. During the past three years, SkyWorks and JetWorks have co-marketed their services, stressing the synergies offered by the two companies. In addition, Capital last year entered into a joint venture with Air China Development Corp. (Hong Kong) Ltd. and Swire Pacific Ltd. to create SkyWorks Capital Asia in Hong Read more

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Rolls-Royce increases Middle East order book with engine order from Oman

Rolls-Royce increased its growing presence in the Middle East with orders from Oman Air for Trent 700s. Oman Air, the national airline of the Sultanate of Oman, has selected Trent 700 engines to power its new fleet of five purchased and two new leased Airbus A330 aircraft. The value of the business, including a TotalCare long-term services agreement, is $460 million at list prices, with deliveries due to begin in 2009.

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