Panta Holdings to sell VLM Airlines to Air France-KLM

Panta Holdings B.V., owner of VLM Airlines, has reached an agreement on terms for the sale of VLM Airlines to Air France-KLM. VLM Airlines is one of Europe’s leading regional carriers catering principally for business travellers. The company operates a fleet of 18 Fokker 50 and one BAE 146. London City Airport is the hub for the majority of its flights and therefore VLM Airlines will actively cooperate with the regional carrier CityJet, a 100% subsidiary of Air France, which is already operating out of London City Airport.

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Finnair Technical Services and Aeroflot Cargo sign maintenance contract

Finnair Technical Services and Russia-based Aeroflot Cargo have signed an agreement covering maintenance services for Boeing MD-11 cargo aircraft until 2016. The service agreement covers airframe, engine and component overhaul and maintenance. The first maintenance under the contract will be completed at the beginning of 2008. The value of the agreement is estimated at over 200 million euros over a period of eight years. The agreement is one of the largest in the history of Finnair Technical Services. Aeroflot Cargo is the biggest single customer for Finnair Technical Services outside Finnair Group. Finnair Technical Services’ annual turnover is over 200 Read more

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Farewell to Aero's ATR aircraft

On January 6th, 2008 Finnair’s propeller aircraft era will end as the ATR-72-201 aircraft, which have been operating under Finnair’s Estonian subsidiary Aero livery, are transferred to new owners. Finnair was the first airline to begin operating ATR-72 aircraft. The first ATR-72 was delivered to the company in October 1989. Aero flew its first ATR-72 flight on 31 March 2002 on the Helsinki-Tallinn route. The nine aircraft were gradually transferred to Aero, and in 2004 the ATRs were registered in Estonia. The aircraft have been in the ownership of Finnair Aircraft Finance the entire time. In the future Finnair’s and Read more

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2005 was a record year for Boeing airplane orders

The Boeing Company recorded 1,002 net commercial airplane orders during 2005, setting a new Boeing record for total orders in a single year. The 2005 total surpasses the previous Boeing record of 877 net orders in 1988, which includes both Boeing and then-McDonnell Douglas totals; the companies merged in 1997. Boeing posted 272 net orders for commercial airplanes in 2004. Gross orders in 2005, which exclude cancellations and conversions, totaled 1,029. Three airplane programs – the 737, 777 and 787 programs — also achieved individual records with net orders of 569 for 737s, 154 for 777s and 235 for 787s. Read more

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