Lockheed Martin Receives $1.4 billion contract for 17 C-130J Super Hercules aircraft

Lockheed Martin has signed a contract with the Government of Canada valued at $1.4 billion for the purchase of 17 C-130J Super Hercules airlifters and related equipment and services. The Canadian Forces’ new Super Hercules will be the longer fuselage or “stretched” variant of the C-130J, similar to those being delivered to the U.S. Air Force. Deliveries to Canada will begin in 2010. Canada joins the growing number of nations with C-130J fleets. Allied operators include the United States, Australia, Demark, Italy, Norway and the United Kingdom.

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Snecma Propulsion Solide creates aeronautics and composites division

Snecma Propulsion Solide has made a firm commitment to expanding the use of its composite materials to the aviation sector. Reflecting this new strategic direction, on January 1st the company created an Aeronautics and Composites division, headed by Olivier Le Merrer and reporting to the Chairman and CEO. Snecma Propulsion Solide intends to leverage its expertise in the design and production of composite materials to expand their use on aircraft and win new contracts.

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LOT Polish Airlines adds 12 more Embraer 175 jets

LOT Polish Airlines has signed a firm order with Embraer for an additional 12 EMBRAER 175 jets, plus two options and ten purchase rights. The total value of the agreement is $ 372 million, based on January 2007 economic conditions, and could come to $ 744 million, if all options and purchase rights are confirmed. This deal is already included in Embraer

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EL AL signs landing gear repair and overhaul services agreement with Boeing

El Al Israel Airlines and Boeing’s Commercial Aviation Services organization have reached an agreement to perform repair and overhaul services on landing gear for the carrier’s Boeing 777 airplanes. By utilizing the Boeing Service Center Repair Network, customers receive quick, reliable service anywhere in the world. With this service, airlines have access to landing gear repair and replacement, which keeps their planes flying. El Al Israel Airlines is the first airline to sign up for Boeing’s 777 landing gear program. Dr. Shmuel Fledel, El Al vice president of Maintenance & Engineering:”Through the Boeing 777 Landing Gear Exchange Program, not only Read more

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Midwest Airlines to transition regional operations to SkyWest

Midwest Airlines will transition the operation of all Midwest Connect flights from Skyway Airlines to SkyWest Airlines as part of its agreement with the St. George, Utah-based carrier to operate 50-seat Canadair regional jets for Midwest Connect. SkyWest will continue to serve regional markets now served by Skyway, using the 50-seat aircraft to fly routes currently served by 32-seat aircraft. As flight operations transition to SkyWest in March and April, Skyway Airlines will discontinue providing regional flight operations for Midwest Airlines, which will result in the elimination of the positions of approximately 380 Skyway employees, mostly pilots, flight attendants, mechanics Read more

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ACE Aviation Holdings to sell 13 million units of Jazz Air Income Fund

ACE Aviation Holdings has accepted an offer to sell a total of 13,000,000 units of Jazz Air Income Fund on an exempt trade basis to certain funds and accounts managed by West Face Capital Inc. and to Sunrise Partners Limited Partnership at a price of $7.45 per unit representing total net proceeds to ACE of approximately $96.85 million. The sale is expected to close on or about January 24, 2008. Immediately following the completion of the sale, ACE will hold approximately 9.5% of the issued and outstanding units of Jazz Air Income Fund.

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