Iberia to maintain aircraft and engines for Air Comet

Iberia has signed agreements with the Spanish airline Air Comet to maintain its aircraft and engines at the Iberia Maintenance facilities in Madrid. The two contracts have a three-year term. The first covers maintenance, inspection, and repair of the CFM56-5C engines used on Air Comet

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SAESL breaks ground on new $45 million facility extension

Singapore Aero Engine Services Private Limited (SAESL), which specialises in the maintenance, repair and overhaul (MRO) of Rolls-Royce Trent aero engines, on February 18th broke ground on the site for a new two-storey, 12,000 Sq M development located at Calshot Road in Changi, Singapore. The new development, to be built at a cost of SGD60M ($43 million) will integrate with the existing building and enhance SAESL

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IAE V2500 to power Tiger Airways fleet expansion

International Aero Engines reported Singapore-based low-cost airline group Tiger Airways had chosen the V2500 to power 20 Airbus A320 family aircraft. All engines will be of the SelectOne build standard and will be backed by a long-term V2500Select agreement. The combined engine purchase and aftermarket agreement is valued at $580 million to IAE. Tiger Airways currently operates a fleet of 12 V2500-powered Airbus A320 family aircraft, with 58 on firm order with deliveries through to 2016. The V2500-A5 is available in seven different thrust settings ranging from 22,000 lbs. to 33,000 lbs. to power the Airbus A319, A320 and A321 Read more

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Qantas Welcomes Australia-US 'Open Skies' agreement

Qantas welcomed the Australia-US “open skies” agreement announced by the Minister for Infrastructure, Transport and Regional Development. The Chief Executive Officer of Qantas, Mr Geoff Dixon, said the airline had supported the Australian Government’s efforts to seek fully liberalised air services arrangements between the two countries at negotiations in Washington this week. This had been largely achieved. “We welcome the outcome. It brings new opportunities for growth and competition. Importantly, it will assist the further development of Australia’s aviation industry, as well as help increase trade and tourism with a major economic partner,” Mr Dixon said. The Qantas Group is Read more

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Final Assembly Begins on second Boeing 787 Dreamliner

Final assembly started on February 15th on the second flight-test airplane for the all-new Boeing 787 Dreamliner. Loaded snugly into the first position of the 787 production system, workers in the Everett, Wash.-based factory can now begin joining together the fuselage sections and wings. All major joins take place in this position. While this is the second of six flight-test airplanes, this Dreamliner is actually the fourth on the production line. It follows the two airplanes that will be used for static and fatigue testing.

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STS will remain subsidiary of SAS Group

The Board of Directors of SAS AB has decided that STS will remain a subsidiary of the SAS Group. The decision was taken during the February 5 board meeting. The decision of the Board was taken after several months of work in a project group, consisting of members from STS as well as the unions. In December 2007, the project group presented a unanimous proposal regarding the future of STS in the SAS Group. The decision of the Board of Directors was in accordance with the proposal. The heavy maintenance of Boeing 737 Classic will be conducted outside Scandinavia in Read more

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Lufthansa Technik opens new logistics facility in Frankfurt South

Lufthansa Technik Logistik has opened a new logistics facility in Frankfurt South, thus further strengthening its presence at Frankfurt airport. The new warehouse has just been ceremonially inaugurated after less than a year under construction. The new logistics facility will furnish services in the southern part of Frankfurt airport, where Lufthansa Technik

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AAR reports $25 million over-allotment option exercised by initial purchasers of convertible notes

AAR CORP. released that the initial purchasers of the convertible senior notes issued on February 11, 2008 (the “Notes”) have exercised in full their over-allotment option to purchase an additional $25 million in aggregate principal amount of Notes. The additional Notes will be allocated evenly between the two tranches of Notes, resulting in a total of $137.5 million aggregate principal amount of 1.625% convertible senior notes due 2014 and $112.5 million aggregate principal amount of 2.25% convertible senior notes due 2016. The Company expects to complete the sale of the additional Notes on February 19, 2008.

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