Boeing awarded $995 million multi-year contract

The U.S. Navy has awarded Boeing a five-year performance-based logistics contract valued at $995 million for the F/A-18E/F Integrated Readiness Support Teaming (FIRST) program. The new multi-year contract will allow the U.S. Navy to consolidate the separate contracts the FIRST program currently operates under into a single contract overseen by the Naval Inventory Control Point, NAVICP. The contract also adds features not currently covered, including automated maintenance environment, an integrated software program that improves maintenance data, fault diagnosis and decisions, and integrated electronic technical manuals for F/A-18A-D models.

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Eurofly orders new Airbus A350s

Eurofly has signed a contract with Airbus for the purchase of three A350-800s with three more on option, and becomes the Italian launch customer for Airbus’ new 250 – 300 seat long range airliner. Eurofly is also leasing two additional A330-200s, bringing its total fleet of the type to five. The A350s are scheduled for delivery starting from 2013. The two additional A330-200s, powered by Pratt & Whitney PW4000 engines, are to be delivered starting in late 2006.

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Transat A.T. Inc. announces final results of Substantial Issuer Bid

Transat A.T. Inc. announced the final results of its offer to purchase for cancellation up to $125 million of its Class A Variable Voting Shares and Class B Voting Shares. Based on final reports from CIBC Mellon Trust Company on the response to its offer to purchase, Transat takes up 1,780,797 Class A Variable Voting Shares and 4,662,502 Class B Voting Shares at a purchase price of $19.40 per share. The final pro-ration factor that has been applied to the Class A Variable Voting Shares and Class B Voting Shares properly deposited is approximately 99%. As a result, shareholders who Read more

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American Eagle December traffic grows 24%

American Eagle Airlines reported systemwide traffic for December increased 23.8 percent from December 2004, on a capacity increase of 13.7 percent. System load factor was 71.6 percent, up 5.9 points year over year. American Eagle boarded 1.69 million passengers in December, up 11.7 percent from December 2004.

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IATA member November traffic up 2.8%

The International Air Transport Association (IATA) announced traffic results to the end of November 2005. Freight traffic for November showed 2.8% growth over 2004, while passenger traffic grew at 6.1%. For the first 11 months of the year, freight recorded 2.8% growth while passenger traffic was up 7.7%. Passenger load factors for November were 73%. When adjusted for seasonality, November load factors improve to 77.1%, the highest level since December 2003.

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