India's Paramount Airways signs CF34 maintenance agreement with GE

Paramount Airways of India has signed a new OnPointSM Solutions service agreement with GE Engine Services for the maintenance, overhaul and repair of CF34-8E engines powering the airline’s fleet of Embraer 170/175 aircraft. The nine-year agreement is valued at approximately $12 million. Paramount, which began operations in October, is the first airline in India to operate the CF34-8E-powered E170. Paramount currently operates one E170 aircraft and will take delivery of four more airplanes in the next several months.

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GOL achieved net income of $59 million in thrid quarter

GOL, Brazil reported for the third quarter a net income of R$138.2 million (US$59.1million), representing a 19.8% net margin. while average passenger yields decreased 18.9% to 25.31 cents (R$) resulting in a decrease in RASK of 13.9% to 19.54 cents (R$). Net revenues totaled R$696.7 million, representing growth of 34.7%.

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Pinnacle Airlines posts loss due to Northwest bankcruptcy

Pinnacle Airlines Corp. reported for the third quarter 2005 an operating loss of $32.4 million and a net loss of $21.4 million. The third quarter loss is primarily due to an after tax charge of approximately $34.5 million for items related to the recent bankruptcy filings of Northwest Airlines (“Northwest”) and Mesaba Airlines (“Mesaba”). Following its bankruptcy filing, Northwest requested that Pinnacle removes 15 CRJ aircraft from regularly scheduled service and place them into long-term storage. On October 31, 2005, Pinnacle removed 15 CRJ aircraft from service and is now operating 124 CRJ aircraft in regularly scheduled service.

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Kitty Hawk announces opening of Dallas/Fort Worth ground network

Kitty Hawk Cargo, Inc.announced it will open a Dallas/Fort Worth LTL scheduled ground freight regional hub on January 2, 2006. In addition to its current ground network hub in Fort Wayne, Indiana, the new regional hub will enable Kitty Hawk Cargo to offer increased efficiencies and service options to its freight forwarding, logistics and international gateway customers.

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Messier Services lands 777 landing gear MRO contracts

Messier Services secured two additional B777 landing gear MRO contracts for Boeing landing gear MRO work. Malaysia Airlines and Thai Airways International have selected Messier Services Asia as the landing gear repair and overhaul provider for their respective Boeing 777 fleets. Exchanges and overhauls will commence for Malaysia Airlines in December 2005 and end in December 2007, covering 9 shipsets. Overhauls for Thai Airways International will commence in February 2006 and end in December 2009, covering 14 shipsets. In addition, Boeing has selected Messier Services Asia Pte as a Boeing approved facility for landing gear and component repair and overhaul. Read more

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P&WC offers Altair Data Transmission Units on four business jets

Pratt & Whitney Canada now offers Altair Avionics data transmission units for installation on the Cessna XL/XLS, Cessna 680 Sovereign, Gulfstream G200 and Dassault Falcon 2000EX business aircraft, following recent Supplemental Type Certification by the U.S. Federal Aviation Authority.

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