JetBlue announces 2007 annual profit

JetBlue Airways Corporation reported its results for the fourth quarter and full year 2007. Net loss for the quarter was $4 million com-pared with fourth quarter 2006 net income of $17 million. For the full year 2007, net income totaled $18 million compared with a net loss of $1 million for the full year 2006. Cash and investment securities of $834 million at the end of the fourth quarter, which does not include Lufthansa’s $300 million in-vestment in JetBlue.

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Rolls-Royce increases Middle East order book with engine order from Oman

Rolls-Royce increased its growing presence in the Middle East with orders from Oman Air for Trent 700s. Oman Air, the national airline of the Sultanate of Oman, has selected Trent 700 engines to power its new fleet of five purchased and two new leased Airbus A330 aircraft. The value of the business, including a TotalCare long-term services agreement, is $460 million at list prices, with deliveries due to begin in 2009.

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Northwest Airlines selects SolArc for jet fuel management

SolArc, an innovative, market-focused software company with a proven solution that streamlines and automates the jet fuel supply chain, reported that Northwest Airlines will implement SolArc RightAngle for managing the jet fuel supply, logistics, accounting and price hedging for their domestic and international operations. Northwest Airlines will use SolArc RightAngle to manage jet fuel procurement, taxes, inventory, and automated payables matching integrated with IATA InvoiceWorks. A major goal of the initiative is to consolidate information systems and implement best practices for managing the fuel spend.

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Virgin America and Revision3 partner to bring web-TV to the skies

Virgin America and Revision3, the Internet TV network built for the web generation, are partnering to bring original, cutting-edge web-based television programming to guests on the next generation carrier’s flights. Revision3 programming on Virgin America will make its debut this March and will be available on the airline’s flights to New York, San Francisco, Los Angeles, Washington D.C., Las Vegas, San Diego and Seattle.

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Joint venture airline AeroLogic to operate Boeing 777 freighters

Deucalion Capital VII Limited (“Deucalion”), a company advised and managed by DVB Bank AG, has purchased eight Boeing 777 Freighters for lease to AeroLogic, a new joint venture airline formed by Lufthansa Cargo and DHL Express. Valued at $2 billion at list prices, the eight 777 Freighters were ordered by Avion Group of Iceland in 2005. Avion Group terminated its order and the airplanes were picked up by Deucalion in late 2007. Deucalion will lease the freighters to AeroLogic, the joint venture first announced by Lufthansa Cargo and DHL Express last year, for cargo services on European-Asian routes. AeroLogic will Read more

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