Grupo Marsans exercises options for PW4000 engines

Grupo Marsans, the largest tourism and transport group in Spain, has exercised options to purchase Pratt & Whitney PW4000-100″ engines to power five new Airbus A330 aircraft. The engine and maintenance agreement is valued at more than $285 million. The order follows Grupo Marsans’ purchase of 12 firm PW4000-powered A330 jets at the 2007 Paris Air Show. The PW4000 engines are covered by an exclusive service agreement provided by Pratt & Whitney Global Service Partners. The A330s will be operated by Grupo Marsans’ Air Comet and Aerolineas Argentinas airlines with new aircraft deliveries beginning in 2010.

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Jetstar Asia selects P&W Global Service Partners for engine maintenance

Singapore-based Jetstar Asia Airways has selected Pratt & Whitney Global Service Partners for an exclusive, intended three-year deal to maintain the airline’s fleet of A320 V2500-A5 engines. Terms and conditions will be worked out over the next six months as part of an exclusive memorandum of understanding signed at the Singapore Airshow.

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Virgin Blue orders four Embraer 190 jets

Embraer and Australia’s Virgin Blue Airlines have signed a contract to exercise four purchase rights for EMBRAER 190 jets and to convert another three into options for the same model. The total value of this new deal, at list price, is $150 million, and could reach $262.5 million, if all options are confirmed. This transaction is already included in Embraer’s fourth quarter firm order backlog as “undisclosed”.

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Genesis Lease reports fourth quarter and year end 2007 results

Genesis Lease Limited announced its financial results for the fourth quarter and year ended December 31, 2007. For the quarter ended December 31, 2007, rental revenues were $54.9 million, compared to $41.6 million for the same period in 2006, an increase of 31.8%. Net income was $6.4 million, compared to $7.0 million for the same period last year, a decrease of 9.2%. Net income for the quarter includes a charge of $2.9 million ($3.3 million before tax) relating to a proposed transaction that is unlikely to proceed. Excluding this charge, net income increased by 32.2% quarter over quarter. Results for Read more

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AAR receives $28 million order for container roll in/out platforms

AAR CORP. has received an order to provide containerized roll-in/out platforms (CROP) for the U.S. Army, valued at $28 million. The specialized equipment, which is used primarily to transport ammunition, will be manufactured by AAR SUMMA Technology in Cullman, Alabama through June 2009. The order was placed as part of a five-year Indefinite Delivery/Indefinite Quantity (IDIQ) contract that was established in 2005.

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BaySys Technologies awarded FAA supplemental type certificate

BaySys recently received issuance of STC ST02506NY for multiple interior modifications on the Boeing 737-300 Aircraft. The airline-to-VIP interior modification project encompassed installation of VIP conference and seating areas, including cabinetry, tables, divans and four-place VIP seating, in-seat power installation, multiple in-flight entertainment and cabin management upgrades, heavy maintenance check, and exterior paint completion. The aircraft was successfully redelivered to the US based client in early February 2008.

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Marc Newell joins bmi as Western Regional Sales Director

Marc Newell has been named Western Regional Sales Director for bmi, the UK’s second largest scheduled airline. In his new position, Newell is responsible for key sales, marketing efforts and development of business strategies to maintain more than 150 accounts throughout the West. His sales territory includes the following states: Alaska, Arizona, California, Hawaii, Idaho, Montana, Nevada, New Mexico, Oklahoma, Oregon, Texas, Utah, Washington, and Wyoming

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Singapore Airlines selects C.A.R.E. program for 777 fleet

Singapore Airlines has selected Hamilton Sundstrand’s Comprehensive Accessory Repair and Exchange (C.A.R.E.) program to provide maintenance support for all Hamilton Sundstrand equipment on its fleet of Boeing 777 aircraft. The 10-year agreement for electric power and air management equipment includes asset management and repair services for the airline’s current fleet of 69 Boeing 777 aircraft, which will grow to 77 aircraft by 2012.

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Cathay Pacific and Hamilton Sundstrand sign agreement

Hamilton Sundstrand has signed an exclusive Integrated Drive Generator repair agreement with Cathay Pacific. The eight- year, flight-hour based agreement will support Integrated Drive Generators on the airline’s fleet of Boeing 747 and 777, and Airbus A330 and A340 aircraft.

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Regional orders two more E-Jets

Regional, a wholly owned subsidiary of Air France, signed a contract for two additional E-Jets, one EMBRAER 170 and one EMBRAER 190, confirming options originally taken in August 2007. The value of the new deal, at list price, is $ 69 million. Both planes are scheduled for delivery in 2009.

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