STS will remain subsidiary of SAS Group

The Board of Directors of SAS AB has decided that STS will remain a subsidiary of the SAS Group. The decision was taken during the February 5 board meeting. The decision of the Board was taken after several months of work in a project group, consisting of members from STS as well as the unions. In December 2007, the project group presented a unanimous proposal regarding the future of STS in the SAS Group. The decision of the Board of Directors was in accordance with the proposal. The heavy maintenance of Boeing 737 Classic will be conducted outside Scandinavia in Read more

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Lufthansa Technik opens new logistics facility in Frankfurt South

Lufthansa Technik Logistik has opened a new logistics facility in Frankfurt South, thus further strengthening its presence at Frankfurt airport. The new warehouse has just been ceremonially inaugurated after less than a year under construction. The new logistics facility will furnish services in the southern part of Frankfurt airport, where Lufthansa Technik

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AAR reports $25 million over-allotment option exercised by initial purchasers of convertible notes

AAR CORP. released that the initial purchasers of the convertible senior notes issued on February 11, 2008 (the “Notes”) have exercised in full their over-allotment option to purchase an additional $25 million in aggregate principal amount of Notes. The additional Notes will be allocated evenly between the two tranches of Notes, resulting in a total of $137.5 million aggregate principal amount of 1.625% convertible senior notes due 2014 and $112.5 million aggregate principal amount of 2.25% convertible senior notes due 2016. The Company expects to complete the sale of the additional Notes on February 19, 2008.

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Singapore Airlines selects Trent 900 and TotalCare for additional A380s

Singapore Airlines has selected the Rolls-Royce Trent 900 to power a follow-on order for nine firm additional Airbus A380s. The contract also includes a TotalCare long-term services agreement. The airline previously selected the Trent 900 to power its initial fleet of 10 A380s, of which two have entered commercial service. These engines are also covered by a TotalCare agreement.

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Reduced pilot training now approved for the A380

Reduced A380 transition training for A320 Family, A330 or A340 qualified pilots has been jointly approved by the European Aviation Safety Agency (EASA) and the Federal Aviation Authority (FAA). The latest approval was obtained for the transition training from A320 Family aircraft to the A380 on 7th February 2008. This means that, for example, a pilot flying Airbus’ smallest aircraft, the A318, can be qualified to fly the A380 in 13 working days. It offers operators significant cost savings since training times can be halved compared to standard type rating courses. Reduced transition training, known as Airbus Cross Crew Qualification Read more

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Air Transat adds 17th wide-body jet to its fleet

Air Transat, Canada’s holiday travel airline, has taken delivery of an additional Airbus A310-300 aircraft, bringing the number of wide-body jets in its fleet to 17. Together with Transat Holidays and its European partners, the airline will be offering this summer a total of 63 direct city-pair routes between Canada and Europe and flying travellers to 28 different destinations in 11 countries.

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Rolls-Royce sets new CorporateCare record

Rolls-Royce reported that it set a new record for CorporateCare in 2007 with 194 engine maintenance management contracts. More than 700 corporate aircraft are now under Rolls-Royce engine management programs, covering the BR710, AE3007, Tay and Viper-powered aircraft. In addition, more than 50 percent of all current production business aircraft engines are covered by CorporateCare, including more than 75 percent of the AE3007 corporate jet fleet.

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Mesa Air Group reports first quarter 2008 revenues and earnings

Mesa Air Group reported first quarter after tax losses of $2.8 million from continuing operations on operating revenues of $326.6 million. Total operating revenues for the first quarter of 2008 decreased $6.9 million, or 2.1% primarily as a result of a year-over-year decrease in aircraft in service. The net loss of $2.8 million compares to net income from continuing operations of $8.9 million for the same period of fiscal 2007. Pro forma net loss for the quarter was $0.1 million or break even on a per share basis. The pro forma net loss for the quarter includes adjustments for the Read more

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