Jet Airways leases five more 737s from BOC Aviation

BOC Aviation has signed agreements with India’s Jet Airways for the lease of five more Boeing Next Generation 737s. The aircraft will be delivered new from the Boeing final assembly line between March 2010 and November 2011. The aircraft will be leased to the airline for a period of 10 years each. The latest deals with Jet Airways bring to seven the total number of aircraft being leased to the airline from BOC Aviation. Jet Airways will use the aircraft to increase capacity on its extensive domestic route network, as well as on select international routes.

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Eclipse Aviation secures long-term financing

Eclipse Aviation, manufacturer of the world’s first very light jet (VLJ), will expand its partnership with European Technology and Investment Research Center (ETIRC) Aviation. The agreement between the two companies includes an equity investment by ETIRC in Eclipse that is substantially in excess of $100 million. The agreement also provides for significant additional financial benefits to Eclipse as agreed commercial objectives are realized. Upon completion of the equity investment ETIRC will be the single largest shareholder of Eclipse Aviation. ETIRC CEO Roel Pieper has been elected non-executive Chairman of Eclipse Aviation. ETIRC is currently the exclusive provider of sales, customer Read more

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Continental takes delivery of first 737-900ER

Continental Airlines took delivery of the airline’s first Next-Generation 737-900ER (Extended Range) airplane. With this delivery, Continental becomes the first airline in the Americas to operate the 737-900ER, a higher-capacity, longer-range derivative and newest member of the Next-Generation 737 airplane family. Continental currently has 26 more on order. The ailine this year expects to take delivery of an average of two-to-three new Next-Generation 737s per month, which includes a mix of 737-900ERs and 737-800s.

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Vought Aircraft awards Northrop Grumman follow-on IT contract

Northrop Grumman has been awarded a follow-on contract by Vought Aircraft Industries Dallas, for commercial information technology (IT) outsourcing services that provides continuity and flexibility in servicing Vought’s heritage information systems. The contract is valued at $86 million over three years to Northrop Grumman’s Information Technology sector. Two one-year options could extend the contract total value to $138 million. The original contract was awarded in 2000. Under the terms of the contract, Northrop Grumman will provide service desk and end-user computing assistance, application maintenance and support, centralized server and mainframe services, and network and voice communications at Vought locations throughout Read more

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Mesa Air Group reports fourth quarter 2007 net loss of $68 million

Mesa Air Group reported fourth quarter losses from continuing operations of $62.2 million on gross operating revenues of $327.8 million. This compares to earnings from continuing operations of $5.8 million in the fourth quarter of 2006 on gross operating revenues of $348.8 million. Net loss for the quarter was $68.2 million versus $4.8 million net income in the fourth quarter of fiscal 2006. Total operating revenues decreased $21.0 million year-over-year, or 6.0%, primarily as a result of a year-over-year decrease in aircraft in service. The fourth quarter results include a pre-tax charge of $86.9 million related to the recognition of Read more

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Sabena technics Group wins MOC contract with French Air Force

Sabena technics Group released that it had been attributed the Maintenance in Operational Condition (MOC) contract of the Airbus A310 fleet belonging to the French Air Force for a 78 month period. Within the scope of this contract, the Group will provide the French Air Force with full support solutions ranging from the line maintenance of the three aircraft of the French Ministry of Defense stationed at Charles-de-Gaulle airport, in Paris, through to base maintenance services provided at the group

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