CIT announces purchase of ten new Boeing 737s

CIT Group Inc. will purchase ten new Boeing 737-800 aircraft from Delta Air Lines upon the delivery of the aircraft by Boeing to Delta. The total dollar value of the aircraft is approximately US $600 million, based on current list prices. The ten aircraft are currently part of Delta’s existing order backlog with Boeing. Nine of the aircraft will be delivered in 2007 and one in 2008. The sale of the aircraft was approved by U.S. Bankruptcy Court presiding over Delta’s Chapter 11 bankruptcy proceedings.

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Airbus sells 150 A320 family aircraft to China

China Aviation Supplies Import and Export Group (CASGC) signed a General Terms Agreement (GTA) with Airbus for the purchase of 150 A320 family aircraft. CASGC President Li Hai and Airbus President and CEO Gustav Humbert signed the GTA in Paris in the presence of Chinese Premier Wen Jiabao and French Prime Minister Dominique de Villepin. With a total value close to US$ 10 billion, the order for 150 A320 family aircraft comprises A319s, A320s and A321s, marking the largest single order that Airbus has ever received since it entered the Chinese market two decades ago. The 150 aircraft will be Read more

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British Airways traffic up by 6.3%

In November 2005, passenger capacity, measured in Available Seat Kilometres, was 3.6 per cent above November 2004. Traffic, measured in Revenue Passenger Kilometres, was higher by 6.3 per cent. This resulted in a passenger load factor up 1.9 points versus last year, to 73.2 per cent. The increase in traffic comprised a 12.0 per cent increase in premium traffic and a 5.2 per cent increase in non-premium traffic. Cargo, measured in Cargo Tonne Kilometres, fell by 1.9 per cent. Overall load factor fell by 0.5 points at 70.1 per cent.

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Airbus to extend industrial cooperation with China

The National Development & Reform Commission of China (NDRC) and Airbus have signed a Memorandum of Understanding about the cooperation between the Chinese civil aviation industry and the European manufacturer. The MOU sets the frame for a further upgrade of the cooperation between both parties. It also describes the process to evaluate the fields of enhanced cooperation, including the possibility to establish a Final Assembly Line for single aisle aircraft in China. In industrial cooperation with China, Airbus is committed to further increase procurement volumes to reach US$ 60 million per annum by 2007, and US$ 120 million by 2010. Read more

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Continental Airlines Reports Increase in Load Factors for November

Continental Airlinesreported a November consolidated (mainline plus regional) load factor of 78.7 percent, 1.7 points above last year’s November consolidated load factor. The carrier reported a mainline load factor of 79.0 percent, 1.4 points above last year’s November mainline load factor, and a domestic mainline load factor of 81.2 percent, 3.7 points above November 2004. All three were operational records for November. In addition, the airline had an international mainline November load factor of 76.3 percent, 1.4 points below November 2004. During the month, Continental recorded a U.S. Department of Transportation on-time arrival rate of 79.3 percent and a systemwide Read more

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