AirTran Holdings reports first quarter net loss of $34.8 million

AirTran Holdings reported a net loss of $34.8 million for the first quarter. During the same quarter in 2007, AirTran reported net income of $2.2 million. AirTran revenues remain very strong, despite generally negative economic news in the U.S. Revenues for the first quarter grew 18.3% to $596.4 million, an all-time quarterly record, and passenger unit revenue increased 6.9%.

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Precision Aviation Group appoints Renee Skinner VP- Accounting & Finance

Precision Aviation Group (PAG) has appointed Renee Skinner, CPA, Vice President – Accounting & Finance, and CFO of its operating subsidiaries. Skinner has over 20 years of financial experience in the aviation industry. Prior to joining PAG, she was the Vice President & Controller for World Airways in Peachtree City.

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Woodward reports second fiscal quarter and six months results

Net sales for the quarter were $305.8 million, up 19% from $256.3 million for the second quarter of the prior year. Net earnings for the quarter were $29.7 million compared with $20.3 million in the previous year’s second quarter. Net sales for the first half were $577.8 million, up 20% from $482.5 million for the first half of the prior year. Net earnings for the first half were $55.0 million compared with $38.1 million in the previous year’s first half.

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Lufthansa Technik gets major contract from Qantas Airways

Qantas Airways has awarded Lufthansa Technik AG an extensive contract for the technical support of the GE and CFM 56-7 engines in its Boeing 737, 767, 747 and Airbus A330 fleets. The corresponding agreement was signed in Sydney. In the course of the 10-year contract Lufthansa Technik will also purchase a 50-percent stake in the Qantas engine overhaul company, Jet Turbine Services (JTS) of Melbourne. Some 600 engines will be processed at the repair shop in Australia over the next ten years. The stripping down, assembly work and testing for the engine types CF6-80, CFM56-7 and CFM56-3 will be carried Read more

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Airbus to flight test P&W Geared Turbofan engine

Airbus and Pratt & Whitney will partner on flight testing the Geared Turbofan engine using an Airbus-owned A340 flying test bed. The flight testing will provide first-hand experience with the performance of the Geared Turbofan engine, which targets double-digit improvements in fuel burn, environmental emissions, engine noise and operating costs. The Airbus testing will begin in the fourth quarter of this year and will follow Pratt & Whitney

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US Helicopter and Delta Air Lines sign codeshare agreement

US Helicopter Corporation and Delta Air Lines announced a codeshare agreement to expedite the process for customers connecting between two New York City heliports and Delta’s flights at its New York hub at JFK International Airport. Effective immediately, Delta has placed its code (DL) on US Helicopter 8 Minute flights that operate between the Downtown Manhattan or the Atlantic Metroport at East 34th Street Heliport’s to or from Delta’s global connecting flights at New York’s JFK International Airport.

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Aviation Capital Group reports first quarter 2008 activity

Aviation Capital Group said that it completed 13 aircraft lease and sale transactions during the first quarter of 2008. The transactions are: B737-800, purchase, Skymark Airlines B737-700, extension, Virgin Blue B737-800, purchase, Sun Express B737-300, new Lease, Oceanair B737-300, new Lease, Oceanair B737-300, new Lease, Oceanair B737-800, purchase, Sun Express A319-100, new Lease, Brussels Airlines B727-200, sale, Astar B727-200, sale, Astar B727-200, sale, Astar B727-200, sale, Astar B737-300, new lease, Air Baltic In addition, ACG

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Aviation Capital Group orders 17 Boeing 737's

U.S.-based commercial jet airplane leasing company Aviation Capital Group (ACG) announced an order for 17 Next-Generation 737 airplanes. The airplanes will be equipped with performance-enhancing Blended Winglets, which improve fuel efficiency and reduce CO2 emissions. With this latest order ACG has ordered a total of 81 Boeing airplanes — 76 Next-Generation 737s and five 787 Dreamliners. This includes 15 Next-Generation 737s in which ACG acquired delivery positions from Delta Air Lines in 2006. ACG’s current fleet contains 129 Boeing aircraft. This order, valued at more than $1 billion at current list prices, was previously accounted for on Boeing’s Orders and Read more

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