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Company Watch - Boeing.

New York (AirGuideBusiness - Company Watch) Feb 19, 2012

AirBerlin flight makes satellite-based landing. AirBerlin on Thursday completed its first successful satellite-based landing at Bremen Airport, following the accreditation of Ground Based Augmentation System (GBAS) as a primary landing system. According to AB, the new satellite-based landing system is much more precise than the instrument-based landing system (ILS) formerly used. GBAS landings reduce noise pollution on the ground because approach angles can be varied. It will eventually be possible to use the system in mountainous areas. The German Air Traffic Control Authority (DFS) has been working closely with AB on the development of the new system since 2008. In November 2009, AB was the first airline worldwide to receive approval for its Boeing 737NG fleet to use GBAS on landings up to a visual range of only 550 m. Feb 13, 2012

Airbus says Asia/Pacific leads demand for new aircraft . The number of passengers carried by airlines in the Asia/Pacific region will grow by 5.9% annually over the next 20 years, well above the global average of 4.8%, according to the latest market forecast by Airbus. The amount of cargo carried in the region is expected to post a 5.5% annual growth, compared to a global increase of around 5.1%. Speaking in Singapore, Airbus COO-customers John Leahy said the Asia/Pacific travel market would overtake the European and North American markets. OIn 2030, the regionOs airlines will fly one-third of global RPKs, while the share of North American carriers will drop to 20% and the share of EuropeOs airlines to 23%.O The rapid growth translates to an anticipated need of around 9,370 new aircraft over the next 20 years, according to the Airbus forecast. Valued at $1.3 trillion, deliveries will account for 34% of all new aircraft with more than 100 seats entering service worldwide over the forecast period. Around 3,650 of the newly acquired aircraft will be widebodiesNor 42% of all widebody deliveries worldwideNof which some 730 will be very large aircraft, according to Airbus. The European manufacturer sees demand for single-aisle aircraft in the region accelerating in the coming years, largely driven by the significant incremental growth in the low-cost sector. In the cargo sector, the region will continue to dominate the global market. According to the new forecast, the dedicated freighter fleet operated by Asia/Pacific airlines will grow from 300 today to some 820 in 2030, representing 30% of the global freighter fleet. While many of the aircraft will be converted from passenger models, Airbus predicts that around 210 new production freighters will be delivered to the region over the next two decades. Asia/Pacific airlines have 1,700 aircraft on order with Airbus. This represents 38% of the company's total backlog. The Airbus forecast for the regionOs airlines is slightly less ambitious than BoeingOs, which predicts a 7% annual growth in passenger numbers and the need for 11,450 additional aircraft valued at $1.5 trillion by 2030. Feb 17, 2012

Alafco Orders 35 More A320neo Jets. Airbus said on Tuesday that Kuwaiti aircraft lessor ALAFCO had ordered an additional 35 A320neo aircraft, bringing its total orders for the plane to 85. The firm contract from ALAFCO is the latest in a series of orders for the hot-selling single-aisle plane and comes as rival Boeing signed its largest-ever order with Indonesia's Lion Air for its competing plane. Feb 14, 2012

American to add extra Heathrow-Dallas flight. American Airlines will introduce a fourth daily service between Heathrow and its largest hub at Dallas Fort Worth airport from June 14. The new frequency will operate six times-weekly (no Thursday service), departing Heathrow at 10.30 and arriving into Dallas at 14.40, with the return leg leaving the US city at 17.15 and landing back into London at 08.30 the following day. The flight will be operated by a Boeing 767-300 aircraft configured for 28 business class and 190 economy seats, and means Oneworld will serve the London-Dallas route a total of five times-daily, with BA also operating a daily flight between the two cities. The transatlantic joint business agreement between AA and BA also allows for connecting travel between the two carriers at both Dallas Fort Worth and London Heathrow. No other carriers currently offer a direct, non-stop service between London and Dallas [ETH] US Airways operates flights via Philadelphia. Feb 15, 2012

Atlas Air Worldwide Reports 2011 Earnings. Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW - News), a leading global provider of outsourced aircraft and aviation operating services, today announced adjusted net income attributable to common stockholders of $39.7 million, or $1.50 per diluted share, for the fourth quarter of 2011, and $108.8 million, or $4.12 per diluted share, for the full year. Adjusted results for both periods exclude pre-operating expenses for the introduction of new aircraft types, including incremental costs incurred as a result of aircraft delivery delays; a special charge related to the retirement of the companyOs 747-200 fleet; and gains and losses on the disposal of assets. On a reported basis, fourth-quarter net income attributable to common stockholders totaled $33.5 million, or $1.27 per diluted share. Full-year reported net income attributable to common stockholders totaled $96.1 million, or $3.64 per diluted share. O2011 was a year of expanding our business platform and investing for the future,O said President and Chief Executive Officer William J. Flynn. OWe performed well by historical standards, but global economic conditions, delivery delays for our new 747-8 freighters, delays in the ramp-up of CMI service for Boeing, and the impact of pre-operating costs for new initiatives all contributed to lower-than-anticipated earnings. OWe made significant progress on several strategic business initiatives during 2011 that we expect will drive earnings-per-share growth of approximately 24% in 2012 compared with our adjusted 2011 EPS and contribute to significant earnings momentum in the years beyond. OWe took delivery of our first three 747-8 freighters and placed those aircraft and the next two scheduled for delivery in long-term contracts in our core ACMI business. We also developed and secured extremely attractive Ex-Im Bank-backed financing for the remaining six 747-8Fs in our order [ETH] financing that will provide significant savings in our ownership cost for these assets. OIn 2011, we developed and implemented a comprehensive AMC Charter passenger business, and initiated a new 767 passenger- and cargo-aircraft operating platform. These new businesses complement our industry-leading 747 freighter services and our asset-light CMI operations. These investments will further enhance our revenue and earnings growth in the years ahead.O Fourth-Quarter and Full-Year Results Adjusted and reported net income attributable to common stockholders for the three months ended December 31, 2011 was achieved on revenues of $388.2 million. Adjusted and reported pretax earnings for the period totaled $66.0 million and $55.1 million, respectively. Earnings in the fourth quarter of 2011 were driven by our core, long-term ACMI business, complemented by increased AMC Charter demand, including our new military passenger service. Despite global economic strains that affected the airfreight market and our business during 2011, performance in our Commercial Charter business in South America remained strong, and overall performance in Commercial Charter in the fourth quarter improved from our third-quarter results, reflecting an increase in demand and improved block-hour rates. Results for the fourth quarter of 2011 benefited from substantially lower maintenance expense and continued productivity improvement and cost controls. Results for the quarter, however, were also impacted by further Boeing 747-8F delivery delays and lower-than-anticipated Boeing Dreamlifter flying, which affected our CMI operations. 2010 fourth-quarter reported net income attributable to common stockholders totaled $41.6 million, or $1.58 per diluted share, on revenues of $359.7 million. Adjusted net income attributable to common stockholders for the three months ended December 31, 2010, totaled $41.4 million, or $1.58 per diluted share. Adjusted and reported pretax earnings in the year-ago period totaled $62.1 million and $62.3 million. Adjusted and reported net income attributable to common stockholders for the year ended December 31, 2011, reflected revenues of $1.40 billion, adjusted pretax earnings of $179.2 million, and reported pretax earnings of $157.0 million. In 2010, Atlas Air WorldwideOs adjusted and reported net income attributable to common stockholders totaled $150.4 million and $141.8 million, or $5.77 and $5.44 per diluted share, respectively, on revenues of $1.34 billion. Adjusted and reported pretax earnings in 2010 were $237.5 million and $233.1 million. After-tax adjustments to earnings in the fourth quarter of 2011 included a special charge of $3.5 million, or $0.13 per diluted share, for asset impairment and employee termination charges related to the retirement of our 747-200 fleet, as well as an expense of $2.6 million, or $0.10 per diluted share, for pre-operating expenses related to the introduction of new aircraft types, including incremental costs incurred as a result of aircraft delivery delays. After-tax adjustments to earnings for the full year of 2011 included an expense of $9.5 million, or $0.36 per diluted share, related to the introduction of new aircraft types, including incremental costs incurred as a result of aircraft delivery delays; a special charge of $3.5 million, or $0.13 per diluted share, for asset impairment and employee termination charges related to the retirement of our 747-200 fleet; and a gain on disposal of aircraft of $0.2 million, or $0.01 per diluted share. After-tax adjustments to earnings for the full year of 2010 included a net accrual for legal settlements of $16.1 million, or $0.62 per diluted share; a benefit of $5.6 million, or $0.21 per diluted share, for legal settlement received; a gain on disposal of aircraft of $2.3 million, or $0.09 per diluted share; and an expense of $0.4 million, or $0.02 per diluted share, related to the introduction of new aircraft types and incremental costs incurred as a result of aircraft delivery delays. Outlook OWe expect to report a significant increase in earnings in 2012, with reported fully diluted earnings growing approximately 24% from 2011 adjusted EPS, to more than $5.10 per share, on a 17% increase in block hours,O said Mr. Flynn. OWe expect that market growth during the year will be seasonal and second-half weighted. We also expect that close to 60% of our maintenance expense will be incurred in the first-half, with our AMC 767 passenger operations ramping up in the second quarter, our next deliveries of 747-8Fs in the second half, and CMI flying for Boeing and DHL Express increasing as the year progresses. As a result, we anticipate a sequential increase in our quarterly earnings throughout the year, starting at a marginal level in the first quarter and with over 70% occurring in the second half. OOur new 747-8Fs, which will drive growth and profitability in our business going forward, have begun to enter service and will be an important contributor this year. Along with a full year of AMC Charter passenger service as well as a continuing step-up in CMI flying for Boeing and DHL Express, we believe these will more than offset an anticipated reduction in AMC Charter cargo demand in 2012. Three of the companyOs new 747-8F aircraft entered ACMI service in the fourth quarter of 2011 under a long-term contract with British Airways. Two additional -8F aircraft, which are expected to be delivered in the third quarter, are under long-term ACMI contract with Panalpina. Two other -8F aircraft are expected to be received and placed into ACMI service in the fourth quarter of 2012. Based on existing and expected deliveries and placements for the 747-8Fs in 2012, these aircraft are anticipated to generate approximately 48 months of flying in 2012. By year-end 2012, the companyOs cargo operations are expected to include seven 747-8Fs, with two additional -8F aircraft to be delivered in the first half of 2013. The six 747-8Fs to be delivered are covered by a term-loan facility guaranteed by the Export-Import Bank of the United States. Terms and rates on the facility are even more attractive than the very favorable terms on our first three 747-8F deliveries. These 747-8F aircraft complement 24 current 747-400 freighters, 16 of which are engaged in ACMI service. We will also have two passenger 747-400s and three passenger 767-300s providing charter service to the U.S. military and other customers in 2012. In addition, we anticipate that we will operate at least 11 customer-owned aircraft in our CMI (crew, maintenance and insurance) operations. These operations include five 767-200 freighters for DHL Express that we expect to add to our fleet in the first three quarters of 2012, four 747 Large Cargo Freighters (Dreamlifters) for Boeing and two 747-400 passenger aircraft for SonAir. With the retirement of our five remaining older-generation 747-200 cargo aircraft, we will utilize modern, more efficient 747-400 cargo aircraft to provide continuing service in our AMC and Commercial Charter operations. We continue to expect that volumes in our military passenger business, including our new B767 operations, will grow to 10,000 block hours in 2012 from about 1,300 block hours in 2011 and none in 2010. At the same time, we anticipate that AMC Charter cargo volume will total about 10,000 block hours in 2012, reflecting indications of a likely reduction in demand by the U.S. military in international areas. Maintenance expense in 2012 is expected to total approximately $175 million compared with $168 million in 2011. Line maintenance, which is based on block hours operated, should account for more than 50% of these expenditures in 2012. As block hours are expected to increase over 2011, line maintenance will grow accordingly. Approximately 40% of maintenance expense should be for heavy airframe checks and engine overhauls, with the balance for non-heavy maintenance. From a timing perspective, about one third of total maintenance expense in 2012 is currently expected to occur in the first quarter of the year, approximately 25% in each of the second and third quarters, and the balance in the fourth quarter. Mr. Flynn concluded: OOur 747-8F aircraft will drive volumes and profitability in our core ACMI business, and our growing CMI operations and passenger military business will complement that growth. OWe believe that our modern, efficient fleet, business mix and solid balance sheet will allow us to continue to do well in all economic conditions and to navigate the growth ahead. OGiven the combination of our innovative customer solutions, our ability to capitalize on changing market demand, our strategic growth initiatives, and our effectiveness in executing our business model, we are very well-positioned to drive our revenues and earnings to higher sustained levels over the next several years and beyond.O Conference Call Management will host a conference call to discuss Atlas Air WorldwideOs fourth-quarter and full-year 2011 financial and operating results at 11:00 a.m. Eastern Time on Wednesday, February 15, 2012. Interested parties are invited to listen to the call live over the Internet at www.atlasair.com (click on OInvestor InformationO, click on OPresentationsO and on the link to the fourth-quarter call) or at the following Web address: http://www.media-server.com/m/p/5micpmvb. For those unable to listen to the live call, a replay will be available on the above websites following the call. A replay will also be available through February 22 by dialing (855) 859-2056 (domestic) and (404) 537-3406 (international) and using Access Code 49946706#. 4Q11 Performance versus 4Q10 Operating revenues of $388.2 million in the fourth quarter of 2011 were $28.5 million, or 8%, higher than the year-earlier period, primarily reflecting increases in volumes and revenue per block hour in our AMC Charter operations, partially offset by a reduction in Commercial Charter volumes and revenue per block hour. Total block hours increased 3% (36,121 block hours versus 35,029) compared with the fourth quarter of 2010, while average operating aircraft, excluding Dry Leasing aircraft, increased 12% (33.0 compared with 29.4). Average utilization of operating aircraft, excluding Dry Leasing aircraft, totaled approximately 11.9 hours per aircraft per day during the quarter compared with 13.0 in the fourth quarter of 2010. In ACMI, revenues of $162.6 million increased $2.7 million, or 2%, reflecting an increase in block-hour volumes (26,382 versus 25,952) and comparable average ACMI revenue per block hour rates ($6,164 versus $6,163). The increase in block-hour volumes compared with the fourth quarter of 2010 was primarily due to the flying of two incremental aircraft for DHL Express that began in March 2011. Reflecting the increase in block-hour volumes, ACMI customers flew 4.4% above contractual minimums during the quarter. For the quarter, an average of 22.1 aircraft (19.1 Boeing 747-400s, 0.8 Boeing 747-8F, 0.5 Boeing 747-200, and 1.7 CMI aircraft) supported our ACMI operations, compared with an average of 21.0 aircraft (19.2 Boeing 747-400s, 0.3 Boeing 747-200s, and 1.5 CMI aircraft) in the fourth quarter of 2010. AMC Charter revenues of $126.5 million increased $40.8 million, or 48%, in the latest quarter, due to increases in block hours and revenue per block hour. Block-hour volumes increased 18% (5,121 block hours versus 4,356) compared with the fourth quarter of 2010, primarily due to 724 block hours for AMC passenger missions, which we began to fly in the second quarter of 2011. Block-hour rates increased 26% ($24,701 versus $19,669), reflecting an increase in the average OpeggedO fuel price paid by the U.S. military ($3.97 per gallon versus $2.68) and higher rates paid on 747-400 aircraft utilized during the quarter. An average of 6.5 aircraft (2.4 Boeing 747-400s, 2.3 Boeing 747-200s and 1.8 Boeing 747-400 passenger aircraft) supported our AMC Charter operations during the quarter, compared with an average of 4.3 aircraft (0.8 Boeing 747-400s and 3.5 Boeing 747-200s) in the fourth quarter of 2010. In Commercial Charter, revenues of $92.6 million were $16.3 million, or 15%, lower than the fourth quarter of 2010. Revenues reflected a reduction in block-hour volumes (4,142 versus 4,540) as well as block-hour rates ($22,350 versus $23,990). Block-hour volumes primarily reflected softer demand out of Asia. For the quarter, an average of 4.4 aircraft (2.5 Boeing 747-400s and 1.9 Boeing 747-200s) supported our Commercial Charter operations, compared with an average of 4.1 aircraft (1.9 Boeing 747-400s and 2.2 Boeing 747-200s) in the fourth quarter of 2010. Operating Expenses Operating expenses, including the special charge of $5.4 million in the fourth quarter of 2011, totaled $334.7 million, an increase of $36.5 million, or 12%, compared with the same quarter in 2010. The increase in operating expenses was primarily due to increases in aircraft fuel, labor expense, travel, aircraft rent and other operating expenses, partially offset by a significant reduction in maintenance expense. Aircraft fuel expense of $110.4 million increased $32.5 million, or 42%, compared with the fourth quarter of 2010. Higher fuel expense reflected a 48% increase in the AMC Charter pegged fuel price and a 29% increase in Commercial Charter fuel prices ($3.24 per gallon versus $2.51). Labor expense of $76.7 million during the quarter increased $16.2 million, or 27%, primarily due to an increase in wages for crewmembers as of October 1, 2011, under a new, five-year collective bargaining agreement; an increase in total block hours flown; and the hiring of additional employees to support new aircraft. Travel expense of $13.7 million increased $3.7 million, or 37%, primarily due to the impact of higher airfares and increased block-hour volumes on the cost of international crew travel. In addition to higher airfares, increased ground-staff travel expense related to on-boarding new aircraft and maintenance activities contributed to the increase. Aircraft rent of $43.1 million during the quarter was $3.6 million, or 9%, higher than in the fourth quarter of 2010 due to the leasing of additional aircraft and spare engines in 2011. Other operating expenses totaled $29.3 million during the quarter, an increase of $5.6 million, or 23%, versus the fourth quarter of 2010. Other operating expenses in the fourth quarter of 2011 reflected an increase in contract services for flight attendants and passenger catering, commissions related to increased AMC Charter revenue, freight related to the movement of 747-200 spare parts and engines to be utilized on aircraft in lieu of incurring more costly repairs, and increased crew training on new aircraft types. Maintenance expense of $23.1 million decreased $35.0 million, or 60%, during the quarter. No heavy airframe checks or engine overhauls were required to be performed during the period. In contrast, the fourth quarter of 2010 included one 747-400 D Check, one 747-200 D Check, and 11 engine overhauls. Net Interest and Other Non-Operating Expenses Net interest income totaled $1.9 million during the quarter, an improvement of $1.2 million compared with the fourth quarter of 2010, primarily reflecting an increase in capitalized interest. Income Taxes Fourth-quarter results included an income tax expense of $22.1 million compared with an income tax expense of $19.8 million in the fourth quarter of 2010, resulting in an effective income tax rate of 40.1% versus a rate of 31.7%. Our effective income tax rates differ from the U.S. federal statutory rate primarily due to the income tax impact of global operations, U.S. state income taxes, and the nondeductibility of certain items for tax purposes. The difference between the effective rate and the statutory rate for the three months ended December 31, 2011 was primarily due to the income tax impact of nondeductible items. The difference between the effective rate and the statutory rate for the three months ended December 31, 2010 was primarily attributable to a reduction in the effective state income tax rate. Cash, Cash Equivalents, and Short-Term Investments At December 31, 2011, our cash, cash equivalents, and short-term investments totaled $195.2 million, compared with $595.1 million at December 31, 2010. The change in cash, cash equivalents and short-term investments included cash outflows of $226.0 million related to pre-delivery payments made to Boeing on our 747-8F order; $172.9 million related to the acquisition of aircraft and spare engines for our Titan subsidiary, our AMC Charter passenger operations, and our core operations; and $46.9 million related to the paydown and closing of our 2008 pre-delivery payment financing facility. These payments were partially offset by a total of $40.3 million of net cash inflows received at closing in connection with the financing of our first three 747-8F aircraft deliveries. Outstanding Debt At December 31, 2011, our balance sheet debt totaled $750.0 million, including the impact of $51.9 million of unamortized discount. The face value of our debt at December 31, 2011, totaled $801.9 million, compared with $544.2 million on December 31, 2010. The increase primarily reflected $360.3 million of new debt used to finance the acquisition of our first three 747-8Fs, partially offset by the repayment of outstanding pre-delivery payment borrowings and the normal amortization of outstanding debt. Adjusted EBITDAR and EBITDA EBITDAR, as adjusted for pre-operating expenses, net accrual for legal settlements, litigation settlements received, special charges and losses/(gains) on disposal of assets, totaled $119.7 million in the fourth quarter of 2011 compared with $109.2 million in the fourth quarter of 2010. For the full year, EBITDAR, as adjusted for pre-operating expenses, net accrual for legal settlements, litigation settlements received, special charges and losses/(gains) on disposal of assets, totaled $376.7 million compared with $421.2 million in 2010. EBITDA, as adjusted for pre-operating expenses, net accrual for legal settlements, litigation settlements received, special charges and losses/(gains) on disposal of assets, totaled $76.6 million in the latest reporting period compared with $69.7 million in the fourth quarter of 2010. EBITDA, as adjusted for pre-operating expenses, net accrual for legal settlements, litigation settlements received, special charges and losses/(gains) on disposal of assets, for the full year was $212.7 million compared with $266.6 million for the prior-year period. Reconciliation of GAAP to Non-GAAP Financial Measures To supplement our financial statements presented in accordance with accounting principles generally accepted in the United States of America (OGAAPO), we present certain non-GAAP financial measures to assist in the evaluation of our business performance. These non-GAAP measures include adjusted EBITDAR and EBITDA; Direct Contribution; Adjusted Net Income Attributable to Common Stockholders; Adjusted Diluted EPS and Adjusted Pretax Income, which exclude certain items that impact year-over-year comparisons of our results. These non-GAAP measures may not be comparable to similarly titled measures used by other companies and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP. We use these non-GAAP financial measures in assessing the performance of our ongoing operations and in planning and forecasting future periods. We believe that these adjusted measures provide meaningful information to assist investors and analysts in understanding our results and assessing our prospects for future performance. Feb 15, 2012

AvWorks Aviation Corp. in Final Bidding for Two Additional Teardown Contracts. AvWorks Aviation Corp. announces that the Company, under an existing Management Advisory Agreement with Precision Aircraft Dismantling, is engaged in the final bidding process to acquire two additional aircraft teardown and portioning contracts for a Boeing 767 -200 series in Arizona and a Boeing 747 -300 series passenger jumbo jet in Ohio. "Industry appreciation of our proprietary, eco-friendly process for dismantling aircraft is growing in the aerospace community, which provides AvWorks with great opportunities to gain new airfield portioning contracts and reclaim a bounty of airworthy parts for our growing component inventory," states Joel Young, AvWorks' CEO. "Once aircraft owners see how clean and innovative our teardown methods are, they're no longer satisfied with the status quo." About AvWorks Aviation: AvWorks Aviation Corp. (SPLI :OTCQB), formerly Datamill Media Corp., and its wholly owned subsidiary, Young Aviation, operate as a diversified broker and supplier of parts and services to the worldwide aviation and aerospace markets. The Company services a broad range of clients such as aircraft leasing companies, major airlines, repair stations, fixed-base operators, leasing companies and aftermarket suppliers. Precision Aircraft Dismantling, a private company, performs proprietary, low-environmental impact aircraft dismantling, providing airfield managers and aircraft owners with an affordable, eco-friendly alternative to traditional parts reclamation. FORWARD-LOOKING DISCLAIMER This summary contains forward-looking statements that address future events and conditions concerning the company's business plans. Such statements are based on management's current expectation and are subject to a number of factors and uncertainties, such as future economic conditions and changes in anticipated revenues and costs, which may cause actual results to differ materially. The company expressively disclaims any future obligation or undertaking to update or revise any forward-looking statements contained herein. Investors and potential investors should independently investigate and fully understand all risks before making investment decisions. Feb 13, 2012

Azerbaijan Airlines Orders 767-300ER Blended Winglets. Aviation Partners Boeing (APB) today announced Closed Joint Stock Company Azerbaijan Hava Yollari (Azerbaijan Airlines) has ordered Blended Winglets for its new Boeing 767-300ER and -300Fs. Azerbaijan Airlines will have the winglets installed at Delta Tech Ops in Atlanta, GA immediately after taking delivery of these new airplanes from Boeing in Everett, WA. Additionally, one airplane, already in-service, will be modified by MNG Technic in Istanbul, Turkey. All four Blended Winglet installations are planned to be completed by 3rd quarter 2012. The 767-300ER airplanes will be operated by Azerbaijan Airlines and the 767-300F's by Silk Way Airlines in freighter operations throughout Europe, the Middle East, and Asia. Blended Winglet technology installed on a Boeing 767-300ER/F reduces fuel burn by up to 500,000 gallons per aircraft per year while reducing carbon dioxide emissions by over 5,000 tons per year. Blended Winglets can also extend the range of a Boeing 767-300ER/F by as much as 320 nautical miles, or increase the payload of the aircraft by as much as 16,000 pounds. APB estimates that Blended Winglets have saved airlines worldwide more than 3.0 billion gallons of jet fuel to-date. "Blended Winglets will provide Azerbaijan Airlines the payload/range benefits to enhance operational capability on its existing route structure and potentially open new market opportunities," says Christopher Stafford, Aviation Partners Boeing Director of Sales & Marketing. "Given the current market, and the tough financial conditions air carriers are operating under today, this important order showcases the outstanding value of APB's performance enhancing technology." Over 4,700 Blended Winglet Systems are now in service on Boeing 737's, 757's, and 767's with more than 160 airlines in over 80 countries. Since certification in 2009, APB has taken orders (firm and options) for 379 Boeing 767-300ER/F Blended Winglet systems. Aviation Partners Boeing is a Seattle based joint venture of Aviation Partners, Inc. and The Boeing Company. Feb 14, 2012

Italian airline helps fill the European flight gap in Seychelles. Seychelles vacuum of non-direct flights from the European destination has been partly filled with the landing of the Blue Panorama Airlines nonstop flight from Milan-Malpensa and Rome-Fiumicino airports. The Italian airlineOs Boeing 77-300ER carrier flight, which departed from Italy on February14 - the day of the Valentine - on a special promotional fare, was greeted in the Seychelles islands with the ceremonial water canon salute. The Chief Executive of the Seychelles Tourism Board, Mr. Alain St Ange, said that the touching down of this Italian carrier Obears the fruit of two monthsO intense negotiations between the Seychelles Tourism Board, the Seychelles Civil Aviation Authority, Air Seychelles, and the Blue Panorama company.O He said that "this illustrates the true partnership that exists between the local stakeholders to work together to bring new flights to the Seychelles with the cessation of direct nonstop services by the national airline.O When questioned on the financial situation facing the Mauritius National Airline, Air Mauritius, the Chief Executive of the Seychelles Tourism Board outlined that he is proud to acknowledge that the "Air Seychelles has taken the sound decision to sign a strategic partnership agreement with the Etihad Group. This will help reshape our national airline company, and it will give it more visibility on both regional and international routes.O The Chairman of the Seychelles Civil Aviation Authority, Captain David Savy, spoke on the Ovast distribution network,O which he said the Blue Panorama possessed and which was not the case with the Air Seychelles flights to Italy. The Blue Panorama Airlines, which landed in the Seychelles with 131 passengers including the crew members, has also connecting flights in Nice, France, and other neighboring countries. It was said that these nonstop direct flights originating from one of the Seychelles main market will eventually stabilize this market, which is today suffering from the pull-out of Air Seychelles. The Italian Airline's ground post holder, Mr. Filippo Giorni, who was on board the Blue Panorama inaugural flight said: "Seychelles is a profitable market for the Italy carrier, and the decision for the Blue Panorama Airline to fly to the Seychelles is to give the possibility for more Italians to visit the Seychelles Islands.O He added that with the upcoming two weekly flights from July linking Milan and Rome with the Seychelles Islands "this is set to generate even more passengers for the Seychelles than the inaugural flight." The Blue Panorama inaugural flight to the Seychelles was welcomed at the international airport by the Chief Executive of the Seychelles Tourism Board, Mr. Alain St.Ange; the Deputy Chief Executive of the Seychelles Tourism Board, Mrs. Elsia Grandcourt; the Italian Consulate, Mr. Claudio Izzi; the Chairman of the Seychelles Aviation Authority, David Savy; the Chief Executive Officer of the Civil Aviation Authority, Mr. Gilbert Faure; and the Executive Director of the Seychelles Hospitality and Tourism Association, Mr. Raymond St.Ange. Upon disembarking the aircraft, the passengers received a special Valentine welcoming party, and all ladies were given red roses. The Seychellois delegation, together with the Italian consulate, were invited onboard the Blue Panorama Airlines to meet with the crew members. The Blue Panorama Airlines, which left the Seychelles on Wednesday, February 15 at 2155 hours for Italy, will return back to the Seychelles on February 22. Source: Seychelles Tourism Board Feb 15, 2012

Delta installs "slim line" seats, individual entertainment systems. Coach passengers on the Boeing 747-400 jets flown by Delta Air Lines will soon have access to "slim line" seats that offer individual entertainment systems. Travelers in BusinessElite will be welcomed with full flat-bed seats. "These upgrades will make the 747 the premier aircraft in our international fleet and customers will immediately notice the improved experience," said Glen Hauenstein, an executive vice president with Delta. Feb 17, 2012

Delta is installing "slim line" seats, individual entertainment systems. Coach passengers on the Boeing 747-400 jets flown by Delta Air Lines will soon have access to "slim line" seats that offer individual entertainment systems. Travelers in BusinessElite will be welcomed with full flat-bed seats. "These upgrades will make the 747 the premier aircraft in our international fleet and customers will immediately notice the improved experience," said Delta Executive Vice President Glen Hauenstein. Feb 16, 2012

Newly launched OBoeing EdgeO extends GoldCare to 747-400Fs. Boeing aims to capture a larger share of the aviation services and support market, and will start promoting is wide range of activities as Boeing Edge, the company announced at the Singapore Airshow. Boeing also revealed it is extending its GoldCare maintenance, engineering and material management service for its Boeing 747-400 freighters, for which Singapore Airlines (SIA) is the launch customer with its fleet of 13 of the type. The GoldCare aftermarket support program initially was only available on the 787 and was extended to include 737 NextGens in March 2011. OThe leadership of Singapore Airlines Group is very forward-thinking and they adopted many of BoeingOs IT and spares support products during the time that GoldCare was being developed for the 787 Dreamliner. Together with maintenance engineering and planning, this brings together the major elements of GoldCare in a way that tailors the service to the needs of Singapore Airlines Cargo,O Boeing SVP-Commercial Aviation Services Lou Mancini said. Mancini confirmed that the company is evaluating GoldCare offerings for other Boeing aircraft models. OWe are reviewing the extension to other [Boeing] aircraft types; we have nothing formatted yet but I expect this to happen in the next couple of years.O Commercial Aviation Services already represents 15% of Boeing Commercial AirplanesO revenue Oand we aim to continue growing the division,O he said. Over the next 20 years, Boeing estimates the global market for commercial aviation services will reach $2.3 trillion. OGoldCare is a great example of our new initiative, the Boeing Edge, which brings into focus the unmatched advantage Boeing customers gain through the companyOs services and support,O Mancini said. The Boeing Edge is a service mark designed to better position the diversity and value of the companyOs commercial services and support portfolio, the largest in the industry. It bundles Boeing Commercial Aviation ServicesO five core capabilities: product support, material services, fleet services, flight services and information services. Feb 16, 2012

Boeing Edge Sets New Standard for Aviation Services and Support. Boeing today launched the Boeing Edge, a new initiative focused on the unmatched advantage Boeing customers gain through the company's commercial aviation services and support. "No other company in the world has the breadth and depth of Boeing in terms of knowledge, innovation, commitment and services integration along with the passion of our global team," said Lou Mancini, senior vice president, Boeing Commercial Aviation Services, at the Singapore Air Show. "When customers come to Boeing, they're not just getting world-class support for their businesses, they're gaining a vital advantage over their competition. This advantage now has a name [ETH] the Boeing Edge." Boeing Commercial Aviation Services is organized around four core capabilities - Material Services, Fleet Services, Flight Services and Information Services [ETH] an alignment matching the way Boeing's customers run their businesses. Through these capabilities, Boeing offers customers a powerful combination of expertise, innovation and support throughout the lifecycle of their airplanes to get the maximum value out of their fleets and operations. By combining products and services across capabilities, Boeing delivers integrated services programs that meet the current and future needs of customers [ETH] giving them an edge in the marketplace. The Boeing Edge is a service mark [ETH] an extension of the Boeing brand - designed to better position the diversity and value of the company's commercial services and support portfolio, the largest in the industry. "The Boeing brand is associated around the world with leadership in aerospace," said Rob Pollack, vice president of Brand and Market Positioning, Boeing Commercial Airplanes. "The Boeing Edge gives us a platform to communicate the unmatched support and services portfolio Boeing delivers to its customers every day." Over the next 20 years, Boeing estimates the global market for commercial aviation services will reach $2.3 trillion. The Boeing Edge is sharpening the company's focus to give aviation services customers every advantage they need to succeed in an increasingly competitive operating environment. A division of Boeing Commercial Airplanes, Commercial Aviation Services (CAS), with its 13,000 employees, helps customers maximize the lifetime value of their fleets and operations, providing customers a competitive edge in the marketplace. Boeing offers comprehensive global support, e-enabled systems and consulting for greater maintenance and operational efficiency, freighter conversions, parts and inventory management, airplane modifications, pilot, crew and maintenance training, navigation products and services, and air traffic management solutions. Subsidiaries include Aviall, AeroInfo, Continental DataGraphics, Inventory Locator Service and Jeppesen, as well as joint ventures Aviation Partners Boeing and Boeing Shanghai Aviation Services. Feb 15, 2012

Boeing is considering smaller P-8 aircraft. Boeing is weighing whether to scale down its P-8 aircraft for markets that may not need all of the Poseidon maritime aircraft-s features. "P-8 has tremendous capabilities, but not every country has requirements for anti-submarine warfare or torpedoes," said Jeff Kohler, vice president at Boeing Military Aircraft. "The U.S. Navy is working with us to improve essentially something you can scale into different-size aircraft." The P-8A Poseidon is a true multi-mission platform. On board P-8A, all sensors contribute to a single fused tactical situation display, which is then shared over both military standard and internet protocol data links, allowing for seamless delivery of information amongst U.S. and coalition forces. As an armed platform, P-8A independently closes the kill chain, while simultaneously providing data to everyone on the network. The P-8A is the latest military derivative aircraft to benefit from a culture of technical innovation and the One Boeing approach to manufacturing (see In Line Production video). The P-8A has the fuselage of a 737-800 and the wings of a 737-900. Modifications to the baseline commercial aircraft are incorporated into the aircraft in-line. In the past, commercial aircraft were sent to modification centers where they were taken apart and rebuilt to meet military specifications. The P-8A is Boeing's first military derivative aircraft to incorporate structural modifications to the aircraft as it moves through the commercial line. Feb 14, 2012

Boeing: Asia/Pacific has demand for $1.5 trillion in aircraft by 2030. Air traffic in the Asia/Pacific region will grow by almost 7% per year over the next 20 years and the low-cost carrier market share will triple, Boeing said Monday. Speaking in Singapore, Boeing Commercial Airplanes marketing VP Randy Tinseth said the Asia/Pacific travel market would eclipse the North American market, with an anticipated 6.7% annual growth in passenger traffic and 6.3% growth in cargo. OEighty percent of demand here will be for new airplanes to meet that growth,O Tinseth said. Boeing predicts the regionOs airlines will need 11,450 additional aircraft valued at $1.5 trillion by 2030. Overall, that will be part of a requirement for 33,500 new aircraft valued at $4 trillion with the largest demand for single-aisle aircraft, where a requirement for 23,370 aircraft is expected, he said. OThe landscape of aviation is changing because of these emerging markets,O he said. Feb 14, 2012

Boeing forecasts $4 trillion of new aircraft will be needed by 2030. Boeing Co. predicts "strong" long-term growth over the next two decades. Randy Tinseth, Boeing commercial airplanes' vice president for marketing, forecast $4 trillion in demand for new aircraft for the period of 2011 to 2030. Asia-Pacific carriers will contribute $1.5 trillion in demand, Boeing predicts. Feb 13, 2012

Boeing predicts demand will rebound for air cargo in 2012. Boeing predicted demand for air cargo will increase in the second half of 2012. "We do believe that there will be an upturn in the second half of the year and that the air-cargo market will be particularly well positioned, because the maritime industry has mothballed a lot of their ships," said James Edgar, regional director for marketing at Boeing Commercial Airplanes. Feb 13, 2012

Aircraft manufacturers may turn to Asia for financing. Aircraft manufacturers are looking for alternative financing as Europe's debt crisis lingers. "European banks will step back a little in terms of financing this year," said Randy Tinseth, marketing vice president for Boeing Commercial Airplanes. Asian lenders and lessors may step into the void left by Europe, Boeing says. Feb 13, 2012

Boeing Says OConfidentO of Winning South Korean Fighter Jet Deal. Boeing, maker of the F-18 and F-15 fighter jets, said itOs Overy confidentO of winning a $7 billion South Korean order for combat planes as it boosts focus on Asia amid shrinking military spending at home. OIf you look at the budget situation in Europe and the U.S., we have to make some grounds somewhere,O Joe Song, director, Asia Pacific International Business Development of Boeing defense, said in an interview in Singapore yesterday. OThe focus is Asia and the Middle East right now.O Boeing, based in Chicago, is pitching its F-15 Silent Eagle for the South Korean contract for 60 fighters against planes from Lockheed Martin Corp. (LMT) and Eurofighter GmbH. Asia Pacific is expected to increase spending on defense products by 4.2 percent annually until 2016, according to Frost & Sullivan. Bids for the South Korean order are due in June, and a winner may be selected by October. The country is also looking to buy 36 attack helicopters this year, Song said. OFrom the cursory look at the RFP, it looks like we can meet all requirements,O he said, referring to the initial request for proposal. OWe have great partnerships in Korea, so we are very confident that we can do this.O The other jets in the contest include the F-35 by Lockheed, the biggest U.S. military contractor, the Eurofighter Typhoon and Saab AB (SAABB)Os Gripen. Lockheed, based in Bethesda, Maryland, won an order from Japan for 42 F-35 fighters in December. The jets may cost 1.6 trillion yen ($21 billion) to buy, operate and maintain over 20 years, according to the nationOs defense ministry. Rafale Wins India last month named Paris-based Dassault Aviation SA as preferred bidder for a contract to supply 126 fighters. The planemakerOs Rafale had been shortlisted with the Eurofighter Typhoon after the earlier rejection of offers from Lockheed, Boeing, Saab and Moscow-based United Aircraft Corp. Companies are increasing their focus on Asia to offset slowing demand in Europe and the U.S., the worldOs biggest military market. Western European defense spending fell about 5 percent last year and may decline further this year, according to Fitch Ratings. In the U.S., Defense Secretary Leon Panetta presented an outline on Jan. 26 for $613 billion in spending for fiscal 2013. The proposal is part of an effort to cut $487 billion from $5.62 trillion in defense spending that had been planned for 2012 to 2021. Automatic spending cuts could force an additional $500 billion in reductions over a decade. Feb 13, 2012

Boeing, Lion Air Finalize Historic Order for up to 380 737s. Boeing and Jakarta-based Lion Air today finalized a firm order for 201 737 MAXs and 29 Next-Generation 737-900ERs (extended range). The agreement, first announced last November in Indonesia, also includes purchase rights for an additional 150 airplanes. "The 737 MAX is the best choice for Lion Air and the best airplane to serve our passengers," said Rusdi Kirana, Lion Air Founder and President Director. "We're excited to be the first airline in Asia to fly the 737 MAX and to be the global launch customer of the 737 MAX 9." With orders for 230 airplanes valued at $22.4 billion at list prices, this deal is the largest commercial airplane order ever in Boeing's history by both dollar value and total number of airplanes. Lion Air will also acquire purchase rights for an additional 150 airplanes. "Lion Air has been a leader in Indonesia from the very beginning," said Dinesh Keskar, vice president of Asia-Pacific and India Sales for Boeing Commercial Airplanes. "Today more people are flying in Asia at lower fares because of the 737 and this historic 737 MAX order will help connect more people in the future." The 737 MAX is a new engine variant of the world's best selling airplane and builds on the strengths of today's Next-Generation 737. The 737 MAX incorporates the latest-technology CFM International LEAP-1B engines to deliver the highest efficiency, reliability and passenger comfort in the single-aisle market. Airlines operating the 737 MAX will see a 10-12 percent fuel burn improvement over today's most fuel efficient single-aisle airplanes and a 7 percent operating cost per seat advantage over tomorrow's competition. To date, the 737 MAX has orders and commitments for more than 1,000 airplanes from 15 customers and the Next-Generation 737 family has won orders for more than 6,600 airplanes. Lion Air, Indonesia's largest private airline, currently operates or has on order a total of 178 Next-Generation 737s. Feb 14, 2012

Boeing will deliver first 747-8 Intercontinental on Feb. 28. Boeing plans to deliver the first passenger version of the 747-8 Intercontinental on Feb. 28 to an unidentified customer. Boeing delivered the first freighter version of the 747-8 last year. Germany's Lufthansa airline has ordered 20 of the 747-8 aircraft. Feb 16, 2012

Boeing, Singapore Airlines Cargo Launch GoldCare Operations. Boeing (NYSE: BA - News) and Singapore Airlines Cargo, a wholly owned subsidiary of Singapore Airlines (SIA), today announced that they have entered into a maintenance engineering and planning agreement that results in GoldCare coverage for the cargo carrier's fleet of 13 Boeing 747-400 Freighters. GoldCare is a centrally managed and tailored materials and engineering service, with optional maintenance execution, that, when combined provides high value for customers by minimizing airline risk, simplifying their business and providing improved cost management. The long-term performance-based maintenance engineering contract builds upon previous maintenance support products purchased by Singapore Airlines Group, including Boeing's Airplane Health Management, Integrated Materials Management Electronic Flight Bag, Electronic Logbook and Maintenance Performance Toolbox. "The leadership of Singapore Airlines Group is very forward-thinking and they adopted many of Boeing's IT and spares support products during the time that GoldCare was being developed for the 787 Dreamliner," said Lou Mancini, senior vice president, Commercial Aviation Services for Boeing. "Together with maintenance engineering and planning, this brings together the major elements of GoldCare in a way that tailors the service to the needs of Singapore Airlines Cargo." "GoldCare is a great example of our new initiative, the Boeing Edge, which brings into focus the unmatched advantage Boeing customers gain through the company's services and support," Mancini added. A division of Boeing Commercial Airplanes, Commercial Aviation Services (CAS), with its 13,000 employees, helps customers maximize the lifetime value of their fleets and operations, providing customers a competitive edge in the marketplace. Boeing offers comprehensive global support, e-enabled systems and consulting for greater maintenance and operational efficiency, freighter conversions, parts and inventory management, airplane modification, pilot, crew and maintenance training, navigation products and services, and air traffic management solutions. Feb 15, 2012

Boeing signs deal to lease 717s to European low-cost carrier. The financing and leasing unit of Boeing has announced a deal to lease Boeing 717 airplanes to Volotea, a European low-cost carrier. Volotea's 717s will be configured to carry 125 passengers in an all-coach layout. Feb 17, 2012

Boeing, New European Airline Volotea Agree to 717 Leasing Deal. The Boeing 717 will be the foundation for new European low-cost airline, Volotea, with a long-term lease deal announced today between Boeing and the airline's management. Volotea has taken delivery of its first 717-200 airplane from Boeing Capital Corporation, the manufacturers' financing and leasing arm. The operator plans to begin its new European point-to-point service with an all-717 fleet in time for this year's Easter travel season. Under a multi-year arrangement, Boeing will begin additional deliveries year of the reliable and modern twinjet in March of this year. The number of aircraft involved in the arrangement was not disclosed. In a comprehensive customer solution, Boeing Commercial Aviation Services will provide operational manuals and its Maintenance Performance Toolbox product. In addition, pilot training will be conducted at Boeing training campuses, including in Stockholm, Sweden. Volotea will also have a Boeing Virtual Procedures Trainer (VPT) at its Barcelona facility, allowing greater scheduling flexibility while reducing pilot training cost. "Volotea's goal is to forge new and efficient air connections between Europe's small and mid-sized cities currently not well served by direct flights. We see the 717's capabilities as the best solution for us in filling this need, and we see the partnership with Boeing as the right one for our success," said Carlos Munoz, Volotea's founder and CEO. The Boeing 717 has distinguished itself in service to airlines on four continents. Designed for quick turnaround, high-frequency and short- range markets (up to 1,500 nautical miles), the 717 offers big-jet passenger comfort with the lowest noise and emissions in its class. The twinjet is powered by Rolls-Royce BR715 high-bypass-ratio engines developed and produced in Europe. Volotea's 717s will be configured to carry 125 passengers in an all-coach layout. Boeing Capital is the world's largest lease provider of the modern, fuel-efficient twin jet. The first 717 was delivered in 1999; there are more than 150 of them in service today. The twinjet's technology and fleet performance have earned it the distinction of being the world's best jetliner serving the 100-passenger airline market. Feb 15, 2012

Bombardier Satisfied With C-Series Orders. Bombardier's chief executive on Thursday said orders for the Canadian aircraft maker's C-Series regional jet have been "as good as we want and need" and that doubters were wrong to disparage the launch. Speaking at an aviation industry event in New York, CEO Pierre Beaudoin called out "naysayers" of the C-series in which the company has invested USD$3 billion to build its biggest aircraft yet. As an audience of airline executives sat around tables decorated with scale models of C-series planes, Beaudoin addressed concerns that Bombardier may have to push back the date it would start delivery. "As of today, we continue to drive for first delivery at the end of 2013," he said. Speaking after the event, Beaudoin said he did not want to downplay the task. "I don't want to send a message that it won't be delivered on time. I feel it will be," he said. "If you think of what we have to do, it's very complex. I don't want to (say) that it is easy and it will get done without any challenges." The C-series competes directly with smaller regional planes built by industry giants Airbus and Boeing. Beaudoin said the company's progress in booking C-Series orders should be compared with those for similarly sized Boeing and Airbus models. "When you compare apples to apples, we have outsold competitors in the below 150-seat category and our order trajectory is as good as we want and need it to be," he said. Orders for the C-series got off to a slow start, with the company coming up empty-handed at the 2010 Farnborough Airshow in Britain. But orders had picked up somewhat by the Paris Airshow a year later. Beaudoin said Bombardier was now able to show potential customers parts of the aircraft and could soon be able to show the entire plane. "The airplane is becoming real for us and prospective customers, which makes it easier for them to commit," he said. Asked about reports that major C-series customer Republic Airways is concerned about Bombardier's order progress, Beaudoin said his team had checked in with Republic, whose subsidiaries include low-cost carrier Frontier Airlines. "It is a firm order and they are committed to go through with the programme and that's all I can tell you," he said. WESTJET TURBOPROP TALKS Bombardier said in January it was in talks with WestJet Airlines about supplying Q400 turboprops for the Canadian airline's planned 40-plane regional carrier. Beaudoin said the Q400 would have an advantage in Canada's tough weather and on speed. "We are well positioned, but we will have to compete and win like anything," he said. Feb 16, 2012

British Airways subsidiary OpenSkies adds OEcoO cabin class. OpenSkies (EC), the transatlantic subsidiary of British Airways (BA), is adding a new Eco cabin class to its Boeing 757 aircraft on flights between Newark and Paris-Orly from June 19. Eco class joins the Biz Bed and Biz Seat classes, which will become Prem Plus. The new Eco class will be equipped with 66 leather seats and will include enhanced features, including individual iPads for passengers for 70 hours of onboard entertainment, access to BAOs check-in desks at New York-Newark, priority access through security checks for Prem Plus and Biz Bed passengers, and access to BAOs airport lounges at Orly and Newark for Biz Bed passengers. The second 757 with the new three-class configuration will operate beginning June 29. Feb 13, 2012

Copa's 2011 profit up 29% as capacity rises 22% . Copa Holdings, parent of Panama's Copa Airlines and Copa Airlines Colombia (formerly Aero Republica), reported 2011 net income of $310.4 million, up 28.8% over a $241.1 million net profit in 2010. The fast-growing airline company boosted consolidated 2011 capacity 21.9% year-over-year to 13.35 billion ASMs, and plans to increase capacity by another 22% in 2012. Traffic in 2011 grew 21.2% to 10.2 billion RPMs. Load factor was 76.4%, down 0.5 point. Yield rose 7.8% to 17.1 cents while operating margin lifted 0.5 point to an impressive 21%. Owing to rising fuel prices, profit margin is expected to dip to 18%-20% in 2012. Full-year 2011 revenue jumped 29.3% compared to 2010 to $1.83 billion while expenses heightened 28.4% to $1.45 billion, including a 54.3% rise in aircraft fuel costs to $546.9 million. Operating profit in 2011 was $384.7 million, up 32.8%. Copa Airlines took delivery of two Boeing 737-800s during the 2011 fourth quarter. Copa Holdings ended the year with a consolidated fleet of 73 aircraft comprising 20 Boeing 737-700s, 27 737-800s and 26 Embraer E-190s. Feb 13, 2012

Delta Begins Full Flat-bed Seat Installations on Boeing 747-400 Aircraft. Delta Air Lines is renovating its Boeing 747-400 aircraft fleet to include full flat-bed seats in the BusinessElite cabin and new "slim line" seats offering more personal space and individual in-seat entertainment throughout the Economy cabin. The airline already has taken delivery of the first modified aircraft, which operated its first flight on Jan. 26, 2012 from Tokyo-Narita to Detroit. As modifications are completed throughout 2012, customers will increasingly see the upgraded aircraft on various routes across the Pacific and Atlantic. Customers will experience the new interiors on each 747 flown by Delta by October, 2012. Each 747 will have 48 BusinessElite full flat-bed seats on the upper and lower deck of the aircraft featuring direct aisle access for every seat, a 110-volt universal power outlet, USB port and a personal LED reading lamp. In addition, each seat comes with a 15.4 inch widescreen video monitor with instant access to more than 1,000 entertainment options - more than any other U.S. carrier - including more than 300 films, 88 hours of television programming, nearly 100 hours of premium programming from HBO and Showtime, 27 video games and more than 5,000 digital music tracks. Delta already offers more direct-aisle access seats than any other U.S. carrier. The new 747 BusinessElite seat, manufactured by Zodiac Aerospace, are approximately 80 inches in length and 20.5 inches wide, and will be arranged in an angled herringbone layout, similar to the flat-bed product currently offered on Delta's 777 fleet. Window seats will face outward, while center seats are angled toward each other. The new seats are 20 percent wider than those they replace and include a large dining table and side console. There are no middle or rear-facing seats. To date, more than one-third of Delta's widebody international fleet has been upgraded with direct-aisle access full flat-bed seats and the airline's entire widebody international fleet of more than 140 aircraft will be flying with full flat-bed seats in BusinessElite by 2014. Already Delta's fleet of 18 Boeing 777 aircraft, each with 45 BusinessElite seats per plane, and all 21 Boeing 767-400ER aircraft with 40 BusinessElite seats per plane have been retrofitted with full flat-bed seats. Seven Boeing 767-300ER with 36 full flat-bed seats and new interiors are currently flying, with the entire fleet scheduled for completion by the end of 2013. Economy Comfort Like all of Delta's international fleet, the 747s also will feature the Economy Comfort product in its Economy cabin which includes up to four additional inches of legroom for 35 full inches of seat pitch and 50 percent more recline. Delta's 747 aircraft each have 42 Economy Comfort seats. The product, which is similar to upgraded Economy services currently available on flights operated by Delta's joint venture partners Air France-KLM and Alitalia, is located in the first few rows of the Economy cabin on more than 160 Boeing 747, 757, 767, 777 and Airbus A330 aircraft. In addition to more leg room and recline, customers seated in Economy Comfort will enjoy priority boarding and complimentary spirits throughout the flight. These benefits are in addition to Delta's standard international Economy class amenities, including complimentary meals, beer, wine, entertainment, blankets and pillows. Changes to the Economy cabin will be immediately evident as Delta transitions to a "slim line" seat, providing customers with up to two inches of additional knee clearance. All seats feature a headrest with adjustable wings, height and tilt, USB power and an industry-leading nine-inch touchscreen featuring personal on-demand entertainment including the same extensive library of entertainment choices as those offered in BusinessElite. Installing full flat-bed seats on Delta's widebody international aircraft is a major component of the $2 billion investment Delta is making in its product and customer experience. Feb 15, 2012

New YorkOs Smallest Planes Dwindle as Delta Hub Speeds Turboprop EraOs End. New YorkOs smallest passenger planes are poised to fade away as Delta Air Lines Inc. (DAL) builds a domestic hub at LaGuardia Airport served chiefly by bigger jets. US Airways Group Inc. (LCC), the regionOs largest operator of aircraft like the 37-seat Dash-8 turboprop, is paring commuter flights to upstate cities such as Albany and Syracuse while pulling back in New York. Filling the gap is Delta, which is focused on larger jets -- and no turboprops. Once vital to carriers serving thinly populated markets, airliners that carry only a few dozen fliers now are seen by management and travelers in a harsher light: Too costly with fuel almost doubling since 2007, too small for amenities such as first-class cabins, and too loud and cramped. OThe jets are more comfortable, more reliable, cleaner, quieter,O said Doug Pinckney, 47, who is president of advertising firm Pinckney Hugo Group in Syracuse and flies to LaGuardia every two to three weeks. OItOs a better airplane. I canOt wait for the switch.O Delta is using landing rights from a trade with US Airways to expand daily LaGuardia departures by 75 percent, to 264, by July. The worldOs second-biggest airline will control half of all LaGuardia flights by then, according to data compiled by OAG, a unit of UBM Aviation in Bedfordshire, England. More than three-quarters of the flights will be on jets with at least 70 seats. Planes in that category, such as larger models of Bombardier Inc. (BBD/B)Os CRJ series, will have a business- class cabin, a few rows of coach seats with extra legroom, and Wi-Fi, said Gail Grimmett, DeltaOs vice president for New York. OVery PowerfulO OThe ability to go to New York corporate travelers and say OWe have all-jet serviceO is very powerful,O said Henry Harteveldt, an airline analyst at Atmosphere Research Group LLC in San Francisco. ODeltaOs offering will be quite compelling.O DeltaOs mainline jets on LaGuardia routes include Airbus SAS (EAD) A319s and Boeing Co. (BA) MD-80s. US AirwaysOs plan to shrink at LaGuardia by about two-thirds to 65 daily departures while keeping jet shuttle flights to Washington and Boston means that many of the Dash-8s in New York will go elsewhere, though a spokesman, Todd Lehmacher, declined to give a number. US Airways subsidiaries were flying 44 Dash-8s as of December 2010, or almost half the carrierOs regional planes, according to the latest annual report. The airline received landing rights at WashingtonOs Reagan National from Delta in exchange for more LaGuardia access, giving Tempe, Arizona-based US Airways a chance to cut money-losing New York flights to and from small cities. Dropping Albany OA few turbopropsO will remain at LaGuardia to serve cities such as Philadelphia, Lehmacher said. Nonstop routes to Syracuse and Albany are among those getting the ax, based on schedule data. Most of the planes being pulled from New York will go to Washington or Charlotte, North Carolina, Lehmacher said. OThe Dash-8 has been a workhorse for us,O he said. OItOs a remarkable plane and really allows us to serve a lot of markets that we couldnOt profitably serve with other aircraft.O Pinckney, the advertising executive, is looking forward to larger planes after taking US Airways Dash-8s to LaGuardia to meet clients. The planes originally were made by de Havilland, now a part of Bombardier. OTurboprops are very noisy,O Pinckney said. OItOs hard to work on them and if you get stuck back in the corner you feel really boxed in.O U.S. airlinesO turboprop fleet has tumbled 67 percent to 416 planes since the start of the last decade, while 70-seat jets surged 21-fold to 433, according to data compiled by Bloomberg. The smallest regional jets, those with 50 or fewer seats, have declined 18 percent from a 2005 peak of 1,356. OLargely ReplacedO OTurboprops have been waning since at least 2000 and were largely replaced by the 50-seat jet,O said George Ferguson, senior aerospace analyst for Bloomberg Industries. OThen 50- seat jets grew until the increased cost of fuel stopped the growth.O The small-airliner fleet in New York includes a half-dozen turboprops flown by Pinnacle Airlines Corp. (PNCL)Os Colgan Air unit for United Continental Holdings Inc. (UAL), which has a domestic and international hub at Newark Liberty International Airport in New Jersey. At New YorkOs John F. Kennedy International Airport, AMR Corp (AAMRQ).Os American Eagle flies 44- and 50-seat Embraer SA (EMBR3) jets, and 37-seat Embraers at LaGuardia. The decline of 50-seaters may quicken with AMR in bankruptcy. Michael Boyd, president of consultant Boyd Group International Inc., predicts that Eagle will dump all its jets with 50 or fewer seats, which make up 70 percent of the regional unitOs 284-plane fleet. Eagle hasnOt detailed its plans. Fuel, Age OIn the end, fuel consumption and aging aircraft will hurt the 50-seater market,O Tim Hoyland, a partner in the aviation practice at consultant Oliver Wyman, said by e-mail. Delta is culling half the fleet of its Comair regional unit by yearOs end, including 53 of its oldest planes such as 50-seat Bombardier CRJs. The carrier already got rid of the last of its 34-seat Saab 340 turboprops at the end of 2011. Using bigger jets at LaGuardia will let Delta fly longer routes with more passengers, part of the airlineOs strategy to grow in New York after its 2007 bankruptcy exit. For Eric Mower, chairman of advertising agency Eric Mower & Associates in Syracuse, a Delta hub at LaGuardia will mean bypassing connections he now makes in cities such as Atlanta. OI can go to New York for meetings, and then fly Delta to other cities,O said Mower, 67, whose firmOs clients include Georgia-Pacific LLC (GP)Os Dixie products and Fisher-Price. OThatOs a big improvement.O Delta Markets DeltaOs new nonstop flights from LaGuardia include business markets such as Dallas, Cleveland and Milwaukee. The Atlanta- based carrier is spending $140 million to renovate the majority of the US Airways terminal at LaGuardia that it will control, and link the facility with the adjacent one it already operates. Some short-haul flights will be shifted to LaGuardia from DeltaOs international hub at Kennedy, making way for new connections to airports such as Austin, Texas, that will feed overseas routes, the airlineOs Grimmett said. Jeff Terhune, president of Warren & Panzer Engineers PC in Manhattan, is ready for bigger planes at LaGuardia. He commutes weekly from Syracuse and expects to switch almost exclusively to Delta after splitting flights between US Airways turboprops and larger JetBlue Airways Corp. (JBLU) jets at more-distant Kennedy. OFlying into LaGuardia is going to save me a couple hours a week, every week, and to me thatOs a big deal,O said Terhune, 45, who has been making the trip for 10 years. OWith the turboprops, theyOre so cramped that youOre kind of stranded there for the flight. You canOt work, you canOt really read, and donOt even bother to pull out the laptop.O Feb 14, 2012

How to pay for a record $22 billion Boeing order. How do you stump up the money for a $22 billion aircraft deal? The answer in the case of Indonesia's Lion Air, which finalized a record order with Boeing this week, is typical of many mega-aircraft deals: with a little help from the taxpayer. The U.S. government is offering loan guarantees to help the low-cost carrier buy 230 jets, under a system operating on both sides of the Atlantic to promote exports of strategic goods such as the jetliners built by Boeing or rival Airbus (Paris:EAD.PA - News). In theory, it means U.S. taxpayers could pick up part of the tab if the deal falls through. Bankers and officials involved in such transactions say experience suggests this is unlikely to happen, or any losses could be recouped by recovering assets. Indonesian entrepreneur and Lion Air co-founder Rusdi Kirana blazed a trail at the Singapore Air Show, signing deals for 259 aircraft worth $23 billion this week, including Boeing and Hawker Beechcraft jets and European ATR turboprops. The three-day splurge left some wondering how an airline little known internationally, and banned in Europe over safety concerns, could afford to pay for the planes. (Lion Air says its inclusion in a ban on several Indonesian carriers is unfair). Similar questions swirled in 2005 when Lion Air placed what was then considered a huge order for 60 aircraft. This has since propelled its growth to become Indonesia's top domestic airline. A senior U.S. official familiar with the deal dismissed concerns about the airline's ability to pay. "We believe Lion Air has a good business model and a management team that is successfully implementing it," Robert Morin, vice-president of the transportation division at the Ex-Im Bank, told Reuters. "Rusdi Kirana won't have trouble financing Lion Air's new big order because the deliveries are stretched over several years and he will probably tap a variety of sources of financing." The methods cannot be verified in detail, because Lion Air has declined to open up its finances. U.S. airlines says deals involving U.S. backing should be more transparent. "We are the custodians of U.S. taxpayers' money and we take that role very seriously," Morin said. "Rest assured, Ex-Im Bank does its homework." In practice, industry sources say only a fraction of the $22 billion touted for the Boeing deal will be paid any time soon. So how does it work? ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Reuters plane price calculator: http://graphics.thomsonreuters.com/10/PlaneCalc.html ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ PRICE DISCOUNTS It is no secret that airlines often get discounts. But Boeing and Airbus never comment on them and buyers are sworn to secrecy over their deals, so their size is hard to determine. Classified documents released by WikiLeaks gave glimpses of aircraft deals as seen by U.S. diplomats, and spoke of discounts as high as 50 percent, though industry sources dismiss this. Lion Air can expect a hefty discount for two reasons: it has placed the largest commercial order ever received by Boeing and it is a launch customer for the revamped Boeing 737 MAX 9. On the other hand, airline industry sources say, launch pricing can mean airlines get a less generous support package. One person familiar with industry practices speculated the discount for part of the Lion Air order could reach 40 percent, but acknowledged the real amount was anyone's guess. BUY NOW, PAY LATER Airlines mainly pay for aircraft when they take delivery, not when they order them. Deliveries won't start until 2017. By the time the later planes are delivered, some of the previously ordered ones may be coming up for retirement, which means they can be parked, scrapped or sold, potentially releasing equity to go back into the purchase of later planes. Kirana said he would take delivery of 30-40 planes a year. DEPOSIT Initially, all Lion Air is likely to have to pay is a deposit to secure slots on the production line in Renton, Washington. Deposits are typically 5 percent or more, experts say. PRE-DELIVERY PAYMENTS Airlines have to make further down payments as the clock ticks down to delivery, especially from about 24 months out. However, some banks offer financing products even for these "pre-delivery payments" (PDPs). By delivery day, an airline has typically paid 20 percent of the aircraft's net value but this can be as high as 50 percent. Since they eat into cash flow, PDPs are an important item for the health of an airline. "More than one airline has gone bankrupt just because of PDPs," an industry banker said. D-DAY Each aircraft is fully paid for on delivery. Usually airlines have financing in place for some 80 percent of the price. Some sell the aircraft simultaneously to a leasing company and rent it back, a process called sale-and-leaseback. Others take a commercial loan or go to the capital markets, but the latter option is little used outside the U.S. EXPORT CREDITS Many commercial loans are backed by guarantees given by Ex-Im bank, France's Coface and others. Ex-Im Bank covered about half the fleet already ordered by Lion Air, and is expected to step up for a similar proportion of the new deal. The agency rarely loans from its own balance sheet. It issues a guarantee against which commercial banks lend funds. It charges for the guarantee and says it has only lost on one deal. The cost of such finance is rising after a pact between Organisation for Economic Co-operation Development (OECD) member countries last year. The agency typically guarantees up to 85 percent of the value of the U.S. content of the aircraft. Feb 17, 2012

Emirates to launch Dubai-Lisbon flight in July. Emirates will start flights to Portugal's capital city Lisbon from July 9, the airline said in a statement. "The airline, further extending its European reach, will start a daily service to Lisbon in the south west corner of Europe just six days after launching flights to Barcelona in neighbouring Spain," the Emirates statement said. Emirates will serve Lisbon with a Boeing 777-200ER aircraft, offering first, business and economy class seats. Flight EK191 will leave Dubai at 9.15am each day and arrive in Lisbon at 2.45pm. The return flight, EK192, will depart Lisbon at 5.55pm and arrive at Dubai at 4.35am the next day, the statement said. The Portuguese capital becomes Emirates' 31st European destination. "Lisbon has been on our European wish-list for some time. Our daily flight will link this far western corner of Europe with our strong route network, via Dubai, into Africa, across Asia and beyond," said Tim Clark, Emirates president. "We will be the only carrier based in the Middle East operating into Portugal, bringing our refreshing approach to customer service, our dynamic and inspiring approach to business, along with superb value for money," Clark added. Portugal has a population of around 10 million, of which nearly two million live in Lisbon and its suburbs. It is estimated there are some 200 million Portuguese speakers around the world, making it the third most spoken European language globally, according to Visit Portugal. Through its international hub in Dubai, Emirates serves many of the destinations where Portuguese is spoken including Goa, Angola, Brazil and Hong Kong N gateway to the former Portuguese enclave of Macau. Since joining the European Union in the mid-1980s, Portugal's traditional focus on an agricultural economy has become increasingly diversified, with a steady expansion of the service sector. Connectivity "We are delighted to welcome Emirates to Lisbon and we look forward to a long and successful partnership with our newest airline client," said Lisbon airport director Jo - o Nunes. "Emirates have established a high level of excellence and admiration within the aviation community and we are confident that passengers will be eager to take advantage of the new route for travel to the Middle East and beyond. "Connectivity is essential for business and for tourism and this new flight and the onward connections that it will provide will be very beneficial for the Portuguese economy," Nunes added. As one of Europe's warmest countries, Portugal is a popular tourist destination. Its better known attractions, such as the resorts of the Algarve, are supplemented by medieval castles and scenic villages dotted around winding coastlines and hillsides. Portugal has more than 800km of Atlantic coast and is the primary point of access to the Atlantic archipelagos of the Azores and Madeira. In Lisbon, visitors can sip an expresso on the leafy streets, go window shopping in Chiado Square, visit Jeronimos Monastery, the World Heritage Site and resting place for Vasco da Gama, or view treasured art at places such as Calouste Gulbenkian and Berardo museums. Lisbon was recently ranked the seventh best city in Europe for shopping by the OGlobe Shopper City Index' of The Economist Intelligence Unit. The city also ranks eighth in the world for international conferences and events, according to the International Conferences and Congress Association (ICCA). Feb 13, 2012

FedEx Office Invests in Advanced Print Technology and Talent to Meet Expanding Needs of Commercial Customers. FedEx Office[umlaut], the leading provider of printing and shipping services, knows that businesses need cost-effective and scalable solutions to printing challenges. To help solve customer challenges, FedEx Office is accelerating investment in its infrastructure by adding additional high-end, commercial production equipment. The company is deploying new grand-format inkjet printing devices to its centralized production centers across the country for producing rigid signs, banners, posters, point of purchase materials, oversized prints and more. Also, it is expanding its experienced workforce by hiring more team members. As further evidence of its reliability as a best-in-class print provider, FedEx Office was recently awarded a four-year contract from Boeing, the world's largest aerospace company and leading manufacturer of commercial jetliners and defense, space and security systems. Effective March 1, FedEx Office will serve as BoeingOs primary print provider, producing critical operations, sales, and large/grand format printed materials. OFedEx Office offers a broad range of print solutions that meet the needs of customers of all sizes, and weOre continuously enhancing both our production and retail network as well as our support structure to make that happen,O said Aimee DiCicco, vice president of sales for FedEx Office. OWeOve got the depth and breadth to deliver customized solutions for our customers. Our corporate print solutions are a perfect fit for BoeingOs needs and weOre thrilled to have the opportunity to leverage our capabilities for this leading Fortune 100 company.O Since May 2010, FedEx Office has deployed nearly 8,000 new printing devices to its U.S. and Canada locations and recently installed new automated finishing equipment at its offset printing facility. The new high-speed equipment scheduled for installation by spring includes Agfa Graphics' Jeti 3020 Titan inkjet printers and Zund G3 M-2500 digital table cutters [ETH] all of which will be critical for high quality, grand format production print runs. The company will leverage this technology to produce a variety of signage and oversized prints for various customers, from big box retailers with multiple locations across the country to large corporations and small businesses. FedEx Office delivers world-class printing solutions that can be tailored for commercial customersO needs. The companyOs convenient network of digitally-connected retail locations, centralized production centers and around-the-clock online services help large businesses improve their productivity and maintain total control of their print supply chain. In addition, FedEx Office leverages a variable cost model, which helps corporate customers manage the bottom line. Feb 14, 2012

flydubai Reports Outstanding Performance of Goodrich DURACARB Carbon Brakes on its Boeing 737 Next Generation Fleet. Goodrich Corporation's Boeing 737 Next Generation wheel and carbon brake equipment is achieving exceptional brake life and reliability at launch customer flydubai, a low-cost carrier based in Dubai. The flydubai fleet of Boeing 737-800 aircraft equipped with DURACARB[umlaut] carbon brakes has accumulated over 140,000 brake landings to date with a projected industry-leading average brake life of 3,000 landings per overhaul. Currently 12 airlines have selected Goodrich carbon brakes for their 737 Next Generation aircraft. Ghaith al Ghaith, chief executive officer of flydubai said, "The Goodrich carbon brakes on our aircraft have exceeded our expectations. The brake life is higher than promised and the equipment is very reliable with no in-service issues experienced to date. This ensures that we can keep our costs low and pass on the savings to our customers in the form of lower fares." flydubai currently operates a fleet of 23 Boeing Next Generation 737 aircraft. Goodrich will supply wheels and carbon brakes for flydubai's entire fleet of more than 50 Boeing Next Generation 737-800 aircraft, having retrofitted the airline's original six aircraft. Owned by the government of Dubai, flydubai is Dubai's first low-cost airline and started commercial flights on June 1, 2009. The airline already operates 23 Boeing Next Generation 737 aircraft on 46 routes, making it one of the fastest growing start-up airlines in the world. The airline's operational destinations include routes in the GCC, Middle East, Indian Sub-Continent, Africa and Asia. Goodrich Corporation, a Fortune 500 company, is a global supplier of systems and services to aerospace, defense and homeland security markets. With one of the most strategically diversified portfolios of products in the industry, Goodrich serves a global customer base with significant worldwide manufacturing and service facilities. Feb 13, 2012

Goodrich Delivers 1,000th 777 Landing Gear to Boeing. Goodrich Corporation (NYSE: GR - News) delivered its 1,000th shipset of 777 landing gear to Boeing on January 31, 2012. Goodrich teams in Ohio, Tenn., Wash., Ontario, Canada and Krosno, Poland supply the 777 landing gear. "We are incredibly proud to have delivered our 1,000th 777 landing gear shipset to Boeing," said Dan Snow, vice president Boeing and business aircraft for Goodrich's landing gear business. "Achievement of this significant milestone is a testament to the commitment, teamwork and dedication of our landing gear employees across the globe." It was nearly 20 years ago that Goodrich began manufacturing the 777 landing gear. Boeing is scheduled to deliver its 1,000th aircraft to Emirates in March 2012. Goodrich Corporation, a Fortune 500 company, is a global supplier of systems and services to the aerospace and defense industries. With one of the most strategically diversified portfolios of products in the industry, Goodrich serves a global customer base with significant worldwide manufacturing and service facilities. Feb 13, 2012

Goodrich C-130 Carbon Brakes Significantly Reduce Brake Cooling Time, Enable Quicker Aircraft Turnaround. Goodrich Corporation (NYSE: GR - News) recently completed flight testing of its new carbon brake for the U.S. Air Force's fleet of C-130 transport aircraft, demonstrating a significant reduction in brake cooling time and enablGoodrich C-130 Carbon Brakes Significantly Reduce Brake Cooling Time, Enable Quicker Aircraft Turnarounding quicker aircraft turnaround. According to Jeff Atkinson, director of military programs at Goodrich's Aircraft Wheels and Brakes business, "Successful U.S. Air Force flight testing demonstrated the current 65-minute mandatory steel brake cooling time after a heavy landing can be reduced to just five minutes when using our new carbon brakes. This now allows the aircraft and flight crew to quickly depart tactical areas after unloading cargo, without having to wait over an hour for the brakes to cool down." Goodrich is currently delivering its new C-130 carbon brake and boltless wheel to the U.S. Air Force to support fleet retrofit activity beginning in early 2012. The C-130 boltless wheel greatly reduces maintenance time and cost of operation. "We are also in discussions with many international militaries who are interested in the significant advantages attributed to the new wheel and brake equipment," said Atkinson. Goodrich's new C-130 boltless wheel and DURACARB[umlaut] carbon brake provides eight times longer brake life and six times longer wheel life than the current wheel and brake system. Goodrich's proprietary DURACARB[umlaut] carbon material provides longer life, higher performance and lower cost of ownership compared to steel braking systems. Its boltless aircraft wheels employ a lock-ring design, substantially lowering maintenance time and cost, in addition to reduced parts count, when compared to traditional bolted aircraft wheels. Goodrich aircraft wheels and brakes are in service on more than 23,000 military, commercial, regional and business aircraft produced by manufacturers such as Airbus, Boeing, Bombardier, Cessna, Embraer, Lockheed Martin and Northrop Grumman. Goodrich Corporation, a Fortune 500 company, is a global supplier of systems and services to aerospace, defense and homeland security markets. With one of the most strategically diversified portfolios of products in the industry, Goodrich serves a global customer base with significant worldwide manufacturing and service facilities. Feb 13, 2012

Hawaiian is Nation's #1 On-Time Airline for 8th Straight Year. Hawaiian Airlines extended its industry-leading streak of punctuality in 2011 ranking as the nation's #1 on-time airline for an eighth straight year, according to the U.S. Department of Transportation's Air Travel Consumer Report issued today for December and the full year 2011. (Logo: http://photos.prnewswire.com/prnh/20040827/LAF044LOGO)

For 2011, Hawaiian averaged a 92.8 percent on-time performance ranking #1 in 11 of the 12 months and exceeding the industry average for the year by 13.2 percentage points. For the month of December, Hawaiian's on-time performance was 91.0 percent, ranking second to AirTran Airways at 91.9 percent. "To achieve a nearly 93 percent on-time rate over the entire year reflects the dedication that Hawaiian's employees bring to the job every day to provide our customers with the very best in service and reliability," said Mark Dunkerley, Hawaiian's president and CEO. "We congratulate AirTran Airways for earning the top spot in December and we look forward to the challenge of regaining that position in 2012." Hawaiian also had the industry's best overall results for fewest flight cancellations in 2011, earning the #1 ranking in 8 of the 12 months as reported in DOT's monthly reports. Hawaiian had 122 cancellations out of 66,740 total flights in 2011, an average of approximately 0.2 percent for the year. In December, Hawaiian had a nearly perfect score with only two cancellations out of 5,523 total flights. In the category of passengers denied boarding (or oversales), which are reported quarterly, Hawaiian had the industry's second-lowest rate of 0.11 per 10,000 passengers for 2011, or 92 cases out of more than 8.6 million passengers. Hawaiian also ranked second overall in fourth quarter 2011 with a rate of 0.26 per 10,000 passengers, representing 55 cases out of more than 2.1 million passengers. Hawaiian is the largest provider of air service to Hawaii from the Western U.S. with daily nonstop flights from 10 gateway cities on Airbus A330-200 and Boeing 767-300 aircraft, making it the only carrier to use wide-body aircraft for all transpacific flights. Hawaii's largest and longest-serving carrier is also the leading provider of air service between Honolulu and the neighbor islands of Kauai, Maui and Hawaii Island (Hilo and Kona). Feb 14, 2012

Honeywell focused on Asia/Pacific, sees potential in Indonesia. Honeywell Aerospace has signed contracts with five Asia/Pacific airlines: Solaseed Air, Jeju Air, Eastar Jet, China Eastern Airlines (MU) and Air China (CA). Honeywell announced at the Singapore Airshow this week it has been selected by Jeju Air to provide a suite of avionics for its new Boeing 737-800s, and won a three-year maintenance contract from Eastar Jet that covers its fleet of 737-800s. The company also renewed its strategic relationship with MU, under which it provides wheels and brakes for 737s as well as an avionics package and 131-9 APUs for 50 new Airbus A320s. It also extended an agreement with CA to provide avionics and wheels and brakes. The Solaseed Air contract covers APU support. OWe have a huge focus on the Asia/Pacific,O Honeywell Aerospace president-aerospace Asia Briand Greer said. OFrom a macro-economic perspective, its growing quite a bit E thereOs an overall GDP of 6.5%.O The company moved its regional headquarters from Singapore to Shanghai, China, five years ago and has seen 19% annual growth. It is in the process of constructing two more buildings on site, and expects its 750-person workforce at the location to double in the next two years. OWeOre focused on China E weOve won four systems on the COMAC C919, and weOre in the process of signing those master contracts and the joint ventures. WeOre showcasing our ATM technology also, by helping China try and relieve some of that bottleneck thatOs happening there.O Indonesia is another focus area. OWe think there is a huge potential for Indonesia to grow,O Greer said. Although the company noted in its fourth-quarter and year-end results it expects a more challenging macro environment and moderate growth in the 2012 first half, the year as a whole is looking good. Feb 17, 2012

Honeywell Advanced Avionics Technology to Provide JEJU AIR With Operational Efficiencies. JEJU AIR, the fastest-growing low-cost carrier (LCC) in South Korea, has selected Honeywell (NYSE: HON - News) Aerospace to provide a full suite of avionics for its new fleet of Boeing 737-800 NG passenger aircraft. This multimillion-dollar contract covers six aircraft that are expected to be delivered between 2013 and 2017. JEJU AIR will be the first LCC in North Asia to fly Boeing 737 NG aircraft with Honeywell's full avionics suite. (Logo: http://photos.prnewswire.com/prnh/20080425/LAF040LOGO) "South Korea is an important growth market, and extending into the LCC space through our partnership with JEJU AIR presents many opportunities," said Pak Chin, Honeywell Aerospace vice president of airlines, Asia Pacific. "Honeywell's full avionics suite will maximize aircraft performance, decrease operating and maintenance costs, and increase pilot and crew efficiency, providing JEJU AIR with a safe and smart way to lower total cost of ownership." The Honeywell avionics solutions selected by JEJU AIR will provide critical real-time information to the pilots to help keep aircraft on course, clear of terrain and optimize navigation and routing for better fuel efficiency. This includes: [yen] Honeywell's Quantum Line communications/navigation sensors [yen] Next-generation Airborne Collision Avoidance System (ACAS II) [yen] Flight Data Acquisition and Management System (FDAMS) [yen] IntuVue 3-D Weather Radar Honeywell's IntuVue 3-D, an advanced system that provides pilots with a more complete picture of weather conditions, has demonstrated a 50 percent reduction in turbulence-related incidents, enhancing safety and keeping passengers comfortable. IntuVue increases system reliability, can save JEJU AIR up to 30 percent in maintenance costs and is 25 percent lighter compared with competing radars. Honeywell's patented next-generation ACAS II provides a display of surrounding aircraft and alerts the flight crew if another aircraft comes too close for safety. Solid state data and voice recorders record flight data parameters and cockpit voice conversation for analysis. Based in Phoenix, Arizona, Honeywell's aerospace business is a leading global provider of integrated avionics, engines, systems and service solutions for aircraft manufacturers, airlines, business and general aviation, military, space and airport operations. Honeywell (www.honeywell.com) is a Fortune 100 diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes, and industry; automotive products; turbochargers; and specialty materials. Based in Morris Township, N.J., Honeywell's shares are traded on the New York, London, and Chicago Stock Exchanges. For more news and information on Honeywell, please visit www.honeywellnow.com. Honeywell and the Honeywell logo are the exclusive properties of Honeywell, are registered with the U.S. Patent and Trademark Office, and may be registered or pending registration in other countries. All other Honeywell product names, technology names, trademarks, service marks, and logos may be registered or pending registration in the U.S. or in other countries. All other trademarks or registered trademarks are the property of their respective owners. Copyright 2012 Honeywell. This release contains certain statements that may be deemed "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, that address activities, events or developments that we or our management intends, expects, projects, believes or anticipates will or may occur in the future are forward-looking statements. Such statements are based upon certain assumptions and assessments made by our management in light of their experience and their perception of historical trends, current economic and industry conditions, expected future developments and other factors they believe to be appropriate. The forward-looking statements included in this release are also subject to a number of material risks and uncertainties, including but not limited to economic, competitive, governmental, and technological factors affecting our operations, markets, products, services and prices. Such forward-looking statements are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by such forward-looking statements. Feb 15, 2012

Honeywell Equips Eastar Jet With Auxiliary Power Units, Enhancing Engine Efficiencies and Fleet Performance. Honeywell Aerospace has been awarded a contract to provide its industry-leading auxiliary power units (APUs) and a three-year maintenance program for Eastar Jet's growing fleet of Boeing 737-800 NG aircraft. This agreement provides Eastar Jet with a reliable, high-performance APU solution with easy maintainability and lower cost of ownership. Feb 15, 2012

Honeywell Aerospace Technology to Upgrade China Eastern Airlines Growing Fleet. China Eastern Airlines has strengthened its strategic relationship with Honeywell (NYSE: HON - News), signing several agreements that will enhance the safety, efficiency and performance of its growing narrow-body fleet, while lowering overall cost of ownership. Honeywell will provide wheels and brakes for new and existing Boeing 737 NG aircraft, as well as an avionics package and 131-9 auxiliary power units (APUs) for 50 new Airbus A320 aircraft scheduled to be delivered over the next three years. (Logo: http://photos.prnewswire.com/prnh/20080425/LAF040LOGO) "With passenger demand in China growing at a rapid pace, the need to maximize safety, capacity and efficiency of aircraft fleets represents a top priority for airlines including China Eastern," said Briand Greer, president of Honeywell Aerospace Asia Pacific. "These agreements ensure China Eastern is well-positioned to address growth in the marketplace with next-generation technology that offers flexibility, improves efficiencies and lowers overall operating costs." As part of the contracts, Honeywell will provide China Eastern with customized aftermarket maintenance solutions for new and existing Boeing 737 NG and Airbus narrow-body aircraft. These tailored solutions will provide engineering expertise, maintenance and support resources that will help China Eastern simplify operations, while delivering greater operational flexibility and scalability. China Eastern has also chosen Honeywell's proven aircraft landing systems for its fleet of Boeing 737NGs. With more than 1.5 million trouble-free aircraft landings each year, Honeywell Cerametalix brakes have proved to reduce operating costs, while providing improved performance and reliability over the life of the airplane. These industry-leading steel brakes also reduce the need for in-service removals, while maximizing part reuse, helping reduce maintenance requirements and repair costs. China Eastern has selected Honeywell avionics for its fleet of Airbus A320s to enhance safety and reliability, while ensuring accurate and timely communications. Included in the agreement are: [yen] Traffic Alert and Collision Avoidance System (TCAS) [yen] Enhanced Ground Proximity Warning System (EGPWS) [yen] Flight Data Recorder (FDR) and Cockpit Voice Recorder (CVR) [yen] Airline Operational Communication (AOC) software China Eastern will use Honeywell 131-9 APUs on its Airbus A320s. Honeywell's 131-9 averages more than 10,000 hours between unscheduled removals, a more than 60 percent improvement over other APUs in its class size. Based in Phoenix, Arizona, Honeywell's aerospace business is a leading global provider of integrated avionics, engines, systems and service solutions for aircraft manufacturers, airlines, business and general aviation, military, space and airport operations. Honeywell (www.honeywell.com) is a Fortune 100 diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes, and industry; automotive products; turbochargers; and specialty materials. Based in Morris Township, N.J., Honeywell's shares are traded on the New York, London, and Chicago Stock Exchanges. For more news and information on Honeywell, please visit www.honeywellnow.com. Honeywell and the Honeywell logo are the exclusive properties of Honeywell, are registered with the U.S. Patent and Trademark Office, and may be registered or pending registration in other countries. All other Honeywell product names, technology names, trademarks, service marks, and logos may be registered or pending registration in the U.S. or in other countries. All other trademarks or registered trademarks are the property of their respective owners. Copyright 2012 Honeywell. This release contains certain statements that may be deemed "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, that address activities, events or developments that we or our management intends, expects, projects, believes or anticipates will or may occur in the future are forward-looking statements. Such statements are based upon certain assumptions and assessments made by our management in light of their experience and their perception of historical trends, current economic and industry conditions, expected future developments and other factors they believe to be appropriate. The forward-looking statements included in this release are also subject to a number of material risks and uncertainties, including but not limited to economic, competitive, governmental, and technological factors affecting our operations, markets, products, services and prices. Such forward-looking statements are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by such forward-looking statements. Feb 14, 2012

Honeywell Takes Air China to New Heights. Air China has extended its relationship with Honeywell (NYSE: HON - News) Aerospace with a range of agreements covering avionics and wheels and brakes. With an increasing number of aircraft filling the skies, pilots need critical flight-related data, including weather and traffic conditions, delivered in real time to help make vital decisions during the flight. Honeywell's avionics suite will be deployed in Air China's brand-new fleet of 19 Boeing 777-300ER aircraft, providing pilots with improved situational awareness to help keep aircraft on course and optimize navigation and routing for improved fuel efficiency. Air China is the national flag carrier of China and provides air passenger, air cargo and airline-related services and products. Its airline-related services include aircraft maintenance and ground handling services in Beijing, Chengdu and other locations. Advanced Avionics Improve Pilot Situational Awareness The Honeywell avionics suite includes IntuVue 3-D, an advanced weather system that provides pilots with a more complete picture of weather conditions than current two-dimensional (2-D) systems. As a lighter and more reliable solution, IntuVue will help Air China reduce costs and increase operational efficiency. The agreement also includes: [yen] SATCOM with SwiftBroadband [yen] Traffic Alert and Collision Avoidance System (TCAS) with Mode S transponders [yen] Flight Data Recorders (FDR) and Cockpit Voice Recorders (CVR) Innovative Landing System Technologies Provide Improved Performance, Reduced Maintenance Costs and Excellent Maintainability Air China has also selected Honeywell to provide wheels and steel brakes for its purchase and lease of Boeing 737NG aircraft over the next 10 years. [yen] With Honeywell landing systems, Air China will receive long life from its wheels and brakes in all aircraft operating conditions. [yen] Honeywell Cerametalix steel brakes also reduce the need for in-service removals, while maximizing part reuse, to help reduce maintenance requirements and repair costs. "As the country's flagship carrier, leading the way in fleet operational efficiency and safety is of paramount importance to Air China," said Briand Greer, president of Honeywell Aerospace Asia Pacific. "These agreements underscore the long-standing partnership between Honeywell and Air China, and ensure that the carrier is able to maximize performance, lower operating costs and ultimately deliver an improved passenger experience." Based in Phoenix, Arizona, Honeywell's aerospace business is a leading global provider of integrated avionics, engines, systems and service solutions for aircraft manufacturers, airlines, business and general aviation, military, space and airport operations. Honeywell (www.honeywell.com) is a Fortune 100 diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes, and industry; automotive products; turbochargers; and specialty materials. Based in Morris Township, N.J., Honeywell's shares are traded on the New York, London, and Chicago Stock Exchanges. For more news and information on Honeywell, please visit www.honeywellnow.com. Honeywell and the Honeywell logo are the exclusive properties of Honeywell, are registered with the U.S. Patent and Trademark Office, and may be registered or pending registration in other countries. All other Honeywell product names, technology names, trademarks, service marks, and logos may be registered or pending registration in the U.S. or in other countries. All other trademarks or registered trademarks are the property of their respective owners. Copyright 2012 Honeywell. This release contains certain statements that may be deemed "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, that address activities, events or developments that we or our management intends, expects, projects, believes or anticipates will or may occur in the future are forward-looking statements. Such statements are based upon certain assumptions and assessments made by our management in light of their experience and their perception of historical trends, current economic and industry conditions, expected future developments and other factors they believe to be appropriate. The forward-looking statements included in this release are also subject to a number of material risks and uncertainties, including but not limited to economic, competitive, governmental, and technological factors affecting our operations, markets, products, services and prices. Such forward-looking statements are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by such forward-looking statements. Honeywell International (www.honeywell.com) is a Fortune 100 diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; and specialty materials. Based in Morris Township, N.J., Honeywell's shares are traded on the New York, London, and Chicago Stock Exchanges. Feb 13, 2012

Japan Airlines orders 10 more 787s. Japan Airlines has placed a firm order for 10 Boeing 787-9s and converted 10 787-8s it already had on order to -9s. The new order and conversion bring JAL's total Dreamliners on order to 45, comprising 25 -8s and 20 -9s. It also still has 20 787 options. "The 787-9 is a slightly larger version that can fit approximately 50 more seats than the 787-8 configured for international routes," JAL said in a statement. "Equally efficient as the 787-8 but with more seat capacity, the unit cost per seat on the 787-9 is estimated to be lower." JAL plans to put its first 787 into service in April. Feb 16, 2012

Italy Slashes Lockheed Martin F-35 Order in Defense Shakeup. Italy will reduce its planned order for Lockheed Martin F-35 fighter jets by about 40 and trim the size of the military as part of a program to reduce defense spending, Defense Minister Giampaolo Di Paola said today. Italy will purchase 90 F-35s rather than the planned 131, Di Paola said in Rome before a joint defense committee of both houses of parliament. The nation will also slash military manpower by about 30,000 soldiers and 10,000 civilians, he said. The cuts come amid a drive by Prime Minister Mario Monti to tame ItalyOs public finances after contagion from the sovereign debt crisis drove borrowing costs to record highs, and are a blow for the F-35, the worldOs costliest defense project. The Pentagon will cut $1.6 billion from the program, canceling 13 jets next year, under proposals sent to Congress Feb. 13, while customers including Australia are reviewing their requirements. OItalyOs decision wonOt have a huge impact on the program, but itOs probably symptomatic of lower F-35 sales overall,O said Paul Brant, a defense analyst at Collins Stewart in London, who predicts that production may drop by 15 percent. OI imagine most nations will bring down their numbers. The U.S. will probably cut the total it orders by about 500 from the original 2,400.O Delays The Pentagon is the largest customer for the F-35, which is five years late and will cost an estimated $382 billion for development and purchases. Three variants are being built: a conventional fighter, one to operate from aircraft carriers, and another capable of short takeoffs and vertical landings. Before today, Lockheed also had about 700 orders from eight partner nations, the U.K., Australia, Italy, the Netherlands, Turkey, Norway, Denmark and Canada. Israel and Singapore also have a lower-level involvement in the plane. The plane won its first competitive tender, from Japan, in December, overcoming the Boeing Co. (BA) F-18 Super Hornet and Eurofighter GmbH Typhoon. Australia is reviewing deliveries following the U.S. review, the Associated Press reported Jan. 30, citing Defense Minister Stephen Smith, while Canada has convened a meeting to discuss the program, OttawaOs Globe and Mail said Feb. 13. Even orders from the U.K., the biggest partner with an investment of $2 billion, are in flux, with no final total yet stipulated. OKey RoleO Di Paola said today that Italy had spent 2.5 billion euros ($3.3 billion) on the F-35, and that a review had indicated one- third fewer planes would suffice. Lockheed, the worldOs biggest defense contractor, said it understood the financial challenges facing global defense budgets and appreciated ItalyOs continued commitment to the jet, also known as the Joint Strike Fighter. OItaly plays a key role as a partner in the program,O Lockheed said in e-mailed comments. George Standridge, the Bethesda, Maryland-based company vice president of business development, said separately at the Singapore Airshow that government spending cuts will have a minor impact on costs and that there are Obudget pressures everywhere, not just on F35.O The reduction in ItalyOs military headcount can be achieved over the next decade by curbing recruitment and transferring personnel, the minister said, with a 30 percent cut in Odefense structuresO planned over the next five years. He said yesterday that 70 percent of the Italian defense budget goes on staff. Finmeccanica Impact Prime Minister Monti pushed through 20 billion euros in austerity cuts in December and the European Central Bank loaned banks unlimited funds for three years. ThatOs prompted a fall in Italian bond yields that suggests improved confidence in the countryOs ability to repay its debts. The cut in orders is Onot good newsO for Finmeccanica SpA (FNC), ItalyOs top defense contractor, which, though a Eurofighter partner, contributes F-35 parts and is expected to undertake final assembly in Cameri, near Milan, according to Christophe Menard, an analyst at Kepler Capital Markets in Paris. Still, the Orebalancing of spending toward equipment is a positive for Finmeccanica,O though will take time to impact orders at the Rome-based company, Menard said in a note. Finmeccanica traded 1.2 percent higher at 3.45 euros as of 11:26 a.m. in Milan, taking gains this year to 21 percent. Feb 15, 2012

Lufthansa Technik: MRO business strong, but challenges ahead. OThe year 2011 was a year of contrasts,O Lufthansa Technik AG (LHT) chairman August Wilhelm Henningsen told reporters at the Singapore Airshow. OWith growth of the airlines, thereOs also an increase in demand for MRO services. We have to cope with the increasing number of airplanes around the world E The challenge in the MRO industry is how to gain productivity in the new technology of the new airplanes which are coming.O Though weak airline profit margins lead to increased price pressure on the MRO market, he noted the MRO industry is growing overall. O2012, Year of the Dragon, [will see] a lot of challenges for the airline industry, a lot of challenges for the MRO industry,O Henningsen said. OWe are glad we are not in the shrinking market, but in the growth market E we are striving for getting as much as possible out of this growth potential for this business.O And though Airbus and Boeing increasingly move into the MRO side of the business on their own, LHT does not feel pressure. OI think we still feel very good with what we are doing,O Henningsen said. OWe know all the strengths and weaknesses of the airplanes and the operation E at the end of the day [aircraft manufacturers] are asking us how the airplanes are operating E they know the strengths, we know the weaknesses.O Feb 17, 2012

LHT extends Asiana TCS contract for 10 years. Lufthansa Technik has extended its existing Total Component Support (TCS) cooperation with Asiana Airlines (OZ) for an additional 10 years. The new agreement, announced at the Singapore Airshow, covers the carrierOs fleet of 29 Airbus A320s and eight Boeing 737s and includes component pooling and MRO services. The renewal also includes extending the supply to include OmanyO new part numbers. OBased on the experience and belief on Lufthansa TechnikOs strong technical/customer support, we are satisfied to extend the long-term partnership,O OZ EVP and CFO planning Chang-Soo Han said. OWe want to grow, we grow in all markets,O Lufthansa Technik AG chairman August Wilhelm Henningsen told reporters in Singapore. OWith a growth pattern we are seeing here, and what we expect in the coming years, we will concentrate some more on the Asian market.O Feb 17, 2012

NASA shuttle-carrier aircraft is retired. A Boeing 747 jetliner that was transformed into a carrier for space shuttles was retired after making its last flight Feb. 8. The NASA 911, a four-engine jumbo jet, was one of just two planes used to carry shuttles between coasts. With the ending of the space shuttle program, only one plane is needed to carry the shuttles to public displays. Feb 14, 2012

Pratt & Whitney Receives Silver Boeing Performance Excellence Award. The Boeing Company has recognized Pratt & WhitPratt & Whitney Receives Silver Boeing Performance Excellence Awardney as a 2011 Boeing Performance Excellence Award winner. Boeing issues the award annually to recognize suppliers who have achieved superior performance. Pratt & Whitney maintained a Silver composite performance rating for each month of the 12-month performance period, from Oct. 1, 2010 to Sept. 30, 2011. This is the second consecutive year that Pratt & Whitney has received the honor. Pratt & Whitney is a United Technologies Corp. (NYSE: UTX - News) company. "Pratt & Whitney is honored to be recognized with the Boeing Performance Excellence Award for a second year in a row," said Bev Deachin, Pratt & Whitney's vice president, Military Programs and Customer Service. "This award shows the commitment of all Pratt & Whitney employees to delivering superior products and services to all of our customers, including Boeing. We are proud to continue working as a valued partner with Boeing on the C-17, F-15 Eagle and the new KC-46 Airlift Tanker program along with a number of commercial aircraft programs." Pratt & Whitney Military Engines supplies F117-PW-100 engines to Boeing for the C-17 Globemaster III and F100 engines for the F-15 Eagle fighters and PW4062 engines for the KC-46 Tanker. Pratt & Whitney is a world leader in the design, manufacture and service of aircraft engines, space propulsion systems and industrial gas turbines. United Technologies, based in Hartford, Conn., is a diversified company providing high technology products and services to the global aerospace and building industries. Feb 14, 2012

Qantas H1 Profit Halves, Flags 500 Job Cuts. Australian airline Qantas plans to cut 500 jobs and reduce capital spending by AUD$700 million (USD$749 million) over two years after a bitter industrial dispute and high fuel bills halved its first-half fiscal profit. Chief executive Alan Joyce said the 13 percent cut in capital expenditure would come from early retirement of aircraft, withdrawal from some routes and cost controls in the airline's engineering, maintenance, ground handling and catering units. The cuts were designed to protect profitability and an investment grade credit rating at Qantas, which suffers from a higher cost base than its Asian peers, he said. Markets welcomed the cost and capex cut plan, while underlying profit before tax of AUD$202 million (USD$217 million) still beat analysts expectations and helped push Qantas shares up 5 percent, their highest in a week. "The cut in capex now reduces the risk of an equity raising," said David Liu, Head of Research at ATI Asset Management. ABILITY TO CHANGE Qantas employs over 90 percent of its 32,500 employees in Australia, and union fears that it will send jobs offshore helped spark last year's bruising industrial battle that led to the grounding of its entire fleet and prompted intervention by Australia's industrial umpire. "Today Qantas Engineering services costs are at least 30 percent higher than those of our competitors. And we have the ability to change," Joyce said in a statement. He said Qantas would review its heavy maintenance operations in Australia, given the introduction of new aircraft such as A380 superjumbos and Boeing 787s was lowering the age of its fleet. The review was expected to conclude in 60 days and could lead to more job cuts. The airline also planned to consolidate some engineering, ground and maintenance operations at its Sydney hub, and was in talks to sell some catering units. CAPEX CUT Joyce said the cut in capital expenditure to a total of AUD$4.6 billion for 2011/12 and 2012/2013, from AUD$5.3 billion projected earlier, would come partly by adopting a capital-light model for a planned Asian premium airline. The proposal is Joyce's answer to turn around an international operation that is losing AUD$200 million a year by setting up an Asian-based airline. Joyce said the airline was still in talks with potential partners. The Asia plan was a factor in last year's industrial action, which Qantas said cost it more than AUD$650 million, along with the grounding of the fleet and high fuel bills. The Australian and International Pilots Association said in a statement ahead of Qantas earnings that investors should be wary of the proposition that a low-yielding, cut-throat, low-cost model could replace a high-yielding, premium traffic model and provide a better return. Qantas has not had a good run in recent times. Besides trouble with employees, its flagship A380 fleet has suffered wing cracks due to design and manufacturing flaws. Last month, ratings agency Moody's cut its rating on the airline by one notch, citing pressure from high fuel prices, strong competition and a difficult operating environment. Qantas is not alone in its struggles. Earlier this month, Singapore Airlines said it expected to see a further deterioration in its business as it struggles with sluggish demand and rising fuel costs. Feb 16, 2012

Rwanda set to experience high growth in air travel. With major global carriers eyeing Kigali International Airport, is the existence of the national carrier threatened? The government of Rwanda has redoubled its efforts towards making tourism and foreign direct investments a priority for the economic development of the country. The results of these initiatives can be seen in the rapidly-changing business environment of Rwanda. Limited access to Kigali is now a thing of the past, if we are to go by the number of flights operating in and out of Kigali International Airport. The list of new entrants is expected to grow exponentially, with this year alone projected to see another five major carriers enter the Rwanda air travel market. Apart from old timers like Kenya Airways, Ethiopian, and Brussels Airlines, KLM last year came in with five flights a week. South African Airways now flies into Kigali three times a week, Qatar Airways is scheduled to start Kigali Doha connections at six times a week from March this year. One might say easily that the national carrier is faced with major incoming competitor challenges in the face of an evolving air travel scenario. Interestingly, while actively opening up the market and fully aware of the resultant effect, the government of Rwanda has been putting in equal effort in ensuring that the flag carrier, RwandAir, keeps punching above its height. Rapid fleet expansion and new destinations are just a few items of news that donned the media scenes last year. One of aviationOs most renounced personalities and former Ethiopian Airlines CEO, Mr. Girma Wake, now seats in Kigali as RwandAirOs Board Chairperson. Sources within the industry affirm that a protectionist approach will slow down RwandaOs rapid growth, while at the same time new entrants in the aviation scene might end up swallowing the national carrier. The government, however, has a completely different view on the subject; Rwanda is a double-landlocked country and air transport is one of the fastest means for connectivity to the rest of the world. This means that more and more airlines are welcome to fly to Kigali if it fits their business model. At the same time, Africa must nurture its local carriers to limit overdependence on foreign carriers. With a population of only 2,262,000 in an area of 4,114 km2, Dubai International Airport handled more than 50 million passengers in 2011. Emirates, their national carrier, uplifted three quarters of these passengers. Going by these statistics, it is clear that the flying population of Rwanda alone will not sustain the investment being done by RwandAir. However, with clear origins and destinations planning, the national carrier can succeed in hubbing Kigali, thereby fitting in the national development agenda. In a press conference with RwandAir CEO, Mr. John Mirenge, he affirmed the national carrierOs position in the emerging scenario. OLast year Kigali International Airport handled over 320,000 passengers, out of which, 50 percent traveled on RwandAir. Our passenger numbers January 2010 stood at a paltry 6,000; the numbers more than doubled to 13,000 last January. This year January, we uplifted 25,000 passengers - a sharp increase over the same period last year. New entrants are very much welcome. It is the only way we will grow the air travel market in this country,O Mirenge said. He added that healthy competition would give the traveler options and put the onus on operators to work hard and smart to retain customers. OYou will have to keep in mind the fact that most of the carriers coming into Kigali have been at this business for a long time. We have to measure up and surpass our customer expectations in terms of our service delivery,O added a beaming John Mirenge, who was very modest with the airlineOs achievements since last year. OOf course as a home airline, we are open and willing to enter into meaningful and mutually-benefitting partnerships with other carriers. But such agreements must be a tangible benefit to either partners involved,O he added. From two brand-new Boeing Sky Interior aircraft [ETH] first on the African continent, with four new routes on the continent, and Dream Miles, a mile-based frequent flier program to the more recently launched online booking engine with credit card payment facilities - Mr. Mirenge says these are not extras but basic air traveler expectations. RwandAir became the first local organization in Rwanda to enter into the e-commerce retail market to distribute its products and acquire money online. While operators are digging in to buy market share, airport authorities on the other hand are smiling all the way to the bank from extra income arising from every time there is a landing and take-off from Kigali International Airport. Industry analysts predict that initially, air travelers are likely to see heightened fare competition to common destinations, however, the long-term effect will be more responsiveness from airlines in terms of service delivery, on-time performance, and in-flight service, among other items. Sources at the Rwanda Development Board say the ideal number of inbound and outbound travel must exceed a million passengers per year within the next few years if economic drivers of the transport industry are to make meaningful contribution to the growth of Rwanda. Feb 15, 2012

Signature Vacations Launches Europe Program with Complimentary Access to the Plaza Premium Lounge at Toronto Pearson International Airport. There is a photo associated with this press release. Signature Vacations is pleased to expand its collection of vacation destinations with its summer Europe program departing from Toronto. With a great line-up of some of the most popular European destinations, travellers now have more vacation options for their summer holidays. Enjoy convenient flights to Europe, from Toronto to Barcelona, Glasgow, Lisbon, London, Paris, Porto, and Rome aboard Sunwing Airlines on wide-body Boeing 767s, where travellers can enjoy Elite service with a generous free baggage allowance of 25kg per passenger (30kg for Rome and 50kg for Porto and Lisbon), a bon voyage glass of champagne, hot towel service, a choice of hot meals, complimentary snacks and non-alcoholic beverages, free headsets, movies, and bilingual flight attendants where applicable. Upgrades to Elite Plus service are available for a small fee offering extra legroom, complimentary advance seat selection, and priority check-in and boarding in Toronto and a majority of other European airports. Best of all, when booking their European flights with Signature Vacations, travellers can also enjoy "A Better Way to Fly to Europe", with complimentary access to the Plaza Premium Lounge in Toronto Pearson International Airport. Clients can begin their vacation in style while enjoying the complimentary services and features of the lounge, including a comfortable seating area, food and beverage services, Wi-Fi for personal laptops, workstations with computers and printers, international TV channels, newspapers, magazines, and more. With lounge access for up to 3 hours, clients can rest assured that their flights will begin with ease and tranquility. Feb 14, 2012

ST Aerospace and EADS EFW team up for Airbus A330P2F conversion program. Singapore Technologies Aerospace (ST Aerospace) and EADS EFW have signed a memorandum of understanding (MOU) for a strategic partnership to develop the Airbus A330 passenger-to-freighter (P2F) conversion program. The MOU was signed at the Singapore Airshow Wednesday. The aerospace arm of ST Engineering is the longstanding partner of Boeing in its P2F program. ST Aerospace president Chang Cheow Teck said the company was Olooking forward to leveraging our engineering design experience, to provide value added solutions to the aircraft operators.O For EADS EFW president and CEO Andreas Sperl, the strategic partnership with ST Aerospace is Othe right step at the right time. Together with Airbus we will develop an outstanding A330 freighter conversion, which will add another chapter to our successful Airbus-P2F program.O The agreement grants Oauthorization to offerO of the P2F products and services of the A330-300 and -200 to potential customers. The finalization of contracts is subject to program launch and to regulatory clearances. Sperl said he expects the program to effectively launch in the second half of this year. He sees a OminimumO demand of 15 to 18 A330P2F conversions per year. Under terms of the agreement, ST Aerospace will lead the A330P2F engineering development phase while EADS EFW will be responsible as program lead during the industrial phase and for sales and marketing. Most of the conversions will take place at EADS EFWOs facilities in Dresden, Germany, and EADS EFW will become the European center for ST AerospaceOs global maintenance, repair and overhaul operations. The A330P2F program includes two versionsNthe A330-200P2F and the larger A330-300P2F. Entry into service for the first A330-300P2F is targeted for 2016, with the first -200P2F to follow one year later, according to Sperl. Feb 16, 2012

Southwest begins Atlanta service with 15 daily flights. Southwest Airlines inaugurated service from Atlanta on Sunday with 15 daily flights. Southwest, based in Dallas, purchased AirTran Airways last year. The flights that left Sunday were on Boeing 737-700s, and passengers received gift bags and prizes. Delta Air Lines, which is based in Atlanta, said it's "business as usual for us." No immediate changes are planned for AirTran, says General Manager Rick Pelc. Feb 13, 2012

SpiceJet invests in the future with SR Technics. SR Technics has agreed on a 10-year exclusive engine repair and maintenance contract with Indian operator SpiceJet (SG), worth up to $415 million. It will provide maintenance for the carrierOs CFM56-7B engines on its fleet of 737-800 and -900ER aircraft, the first of which are already in the shop. OThis is a very significant contract for the Mubadala MRO network,O Mubadala Aerospace MRO network CEO James Stewart told reporters at the signing ceremony at the Singapore Airshow. OIt is the largest agreement for us for engine maintenance in the Indian network.O All work will be carried out at the SR Technics facilities in Switzerland. The deal comprises, at a minimum, 60 engines, which covers close to 100 overhauls over a 10-year period. SG has a fleet of 32 aircraft, expanding to 33 after a Boeing delivery Thursday; it will take delivery of another three aircraft by June. OCertainly in this industry there are a lot of unknowns, but having someone as reliable as SR Technics E will certainly help us going forward,O SG CEO Neil Raymond Mills told reporters. OWeOve grown by an excess of 50% in the last 12 months and will continue to grow.O Feb 16, 2012

A*STAR's Aerospace Programme Consortium Attracts More Leading Organisations in Aerospace Research Initiatives. With the addition of Embraer, ST Aerospace, Honeywell, SAFRAN, General Electric and Defence Science Technology Agency, membership of the A*STAR Aerospace Consortium grew to 18 partners. The consortium brings together leading aerospace organisations including four commercial aircraft manufacturers, three aircraft engine OEMs, an increasing number of aircraft components and systems provider as well as all three of the largest Singapore organisations in aviation to embark on innovative research and share technology risks and costs in pre-competitive research. The scale of A*STAR Aerospace Programme consortium research has expanded over the years. The R&D projects launched annually by the consortium have grown from an initial four in 2008 to 13 in 2012. To date, the consortium has undertaken a total of 37 multidisciplinary projects ranging from materials and coatings; inspection and data analytics; communications and electronics; to manufacturing and repair technologies; to develop new products, processes and solutions to improve performance, safety and productivity in aviation. The projects initiated by the consortium leverages on the broad spectrum of R&D capabilities of A*STAR's seven physical sciences and engineering research institutes and also its research collaborators in the universities Mr Tay Kok Khiang, Chairman, A*STAR Aerospace Programme said: "The large number of leading aviation companies in the A*STAR Aerospace Programme is particularly powerful in ensuring the research focus is on important issues for the aviation industry and our researchers are adding value to our Partners in the Aerospace Programme." Said Mr Lim Chuan Poh, A*STAR Chairman, "By fostering meaningful public-private collaborations via the aerospace consortium platform, we are contributing to the growth of Singapore's aviation industry." A*STAR's research institutes forge bilateral partnerships with A*STAR Aerospace Programme members Most recently, Boeing agreed to transfer ten A*STAR-developed technologies from research areas such as non-destructive testing, materials, and coatings that will contribute towards enhancing airline value and improving factory operations. Beyond the consortium platform, Boeing's Network Enabled Manufacturing (NEM) team has partnered A*STAR's Institute for Infocomm Research (I2R) to improve its manufacturing and assembly processes via the development of an integrated sensor platform. Based on this platform, a jointly-developed Intelligent Factory Alert System has been successfully deployed in the production of Boeing 777 Airplanes and now enables mechanics to summon for immediate help from Ship Side Support teams, eliminating unnecessary delay in contacting and searching for support personnel. Rolls-Royce In 2009, SIMTech and Rolls-Royce set up a joint Surface Finishing Lab to enhance productivity in manufacturing production. SIMTech and Rolls-Royce have over 75 collaborative projects including those on manufacturing process development for the aerospace and marine sectors, building on an R&D partnership that began as early as 2006. Annexes of the news release are available at: http://www.a-star.edu.sg/?TabId=828&articleType=ArticleView&articleId=1598 ANNEX A - Factsheet on A*STAR's Aerospace Programme ANNEX B - Factsheet on A*STAR Aerospace Programme Members ANNEX C - Factsheet on A*STAR Aerospace Programme Projects ANNEX D - Factsheet on the A*STAR Aerospace Technology Leadership Forum Feb 13, 2012

Operations & Maintenance. TAP M&E Brazil received a 777 landing gear overhaul service contract from Boeing. The contract includes inspection, repair and overhaul of the landing gear axles of the 777 through a service bulletin released by Boeing. AeroTurbine was awarded a renewal agreement for the support of CF6-80C2 engine material with Evergreen Aviation Technologies. AVEOS, the Montreal-based full-service MRO provider, has chosen Airbus to implement its Airbus-managed inventory service. Servisair Cargo and Kenya Airways (KQ) signed a multi-year agreement for cargo handling services of KQOs cargo at London Heathrow (LHR). The airline operates daily Boeing service between Nairobi and LHR. Feb 13, 2012

Dutch delivery company TNT Express rejected a EURU4.9 billion (USD$6.45 billion) takeover offer from US-based rival United Parcel Service, but the companies said they remain in talks. UPS offered EURU9 per share for all outstanding TNT stock, a 42 percent premium over TNT's Friday closing price of EURU6.343. The bid is about equal to the EURU5 billion price tag that analysts have recently assigned to TNT. UPS, the world's largest package delivery company, has long been rumoured to have an interest in TNT. The bid from Atlanta-based UPS came about nine months after TNT split from delivery firm PostNL and amid increasing shareholder pressure on TNT to shake up its board and make moves aimed at boosting shareholder value. In a statement on Friday, UPS officials made it clear the US company and its Dutch rival have discussed more than one offer already. UPS said the EURU4.9 billion bid was a "revised, increased and comprehensive proposal to acquire the entire issued share capital of Ty Moscow gathering beginning on Tuesday, Russian Transport Minister Igor Levitin is expected to open the "follow-up international conference" on coordinating activities to opposing the inclusion of aviation in the EU ETS. Other agenda items refer to a letter to EU member states and "application aspects of the article 84 of the Chicago Convention", again without explanation. Article 84 covers a formal dispute procedure at the UN's International Civil Aviation Organisation (ICAO). Airline representatives and analysts have said it would be unwise to opt for the extremely lengthy formal dispute procedure before ICAO has had another chance to find a global market-based solution to airline emissions., vice-president of the transportation division at the Ex-Im Bank, told Reuters. "Rusdi Kirana won't have trouble financing Lion Air's new big order because the deliveries are stretched over several years and he will probably tap a variety of sources of financing." The methods cannot be verified in detail, because Lion Air has declined to open up its finances. U.S. airlines says deals involving U.S. backing should be more transparent. "We are the custodians of U.S. taxpayers' money and we take that role very seriously," Morin said. "Rest assured, Ex-Im Bank does its homework." In practice, industry sources say only a fraction of the $22 billion touted for the Boeing deal will be paid any time soon. So how does it work? ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Reuters plane price calculator: http://graphics.thomsonreuters.com/10/PlaneCalc.html ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ PRICE DISCOUNTS It is no secret that airlines often get discounts. But Boeing and Airbus never comment on them and buyers are sworn to secrecy over their deals, so their size is hard to determine. Classified documents released by WikiLeaks gave glimpses of aircraft deals as seen by U.S. diplomats, and spoke of discounts as high as 50 percent, though industry Feb 18, 2012

Transaero considers order for six Superjet 100s. Transaero Airlines (UN) is close to inking a deal with Sukhoi Civil Aircraft Co (SCAC) for a firm order of six Sukhoi Superjet 100s plus 10 options, CEO Olga Pleshakova said. OWithin several weeks, we plan to sign an agreement on six SSJ100s and options for an additional 10. The first two will be delivered in 2015, two in 2016 and the remaining two in 2017,O Pleshakova said in Singapore, where she accepted the ATW Airline Market Leadership award for 2012. She said UN will operate the aircraft in a two-class layout, with a business- and an economy-class cabin, on short-haul domestic routes with a high frequency from its hub at St. PetersburgOs Pulkovo airport and in the Russian Far East. UN in 2009 considered ordering SSJs to substitute its much-delayed outstanding order for 10 Tupolev Tu-214s, which it placed in 2005. The carrier took delivery of its third Tu-214 in September 2009. Production of the Tu-214 has been stopped since, and UN had hoped to reach an agreement with Financial Leasing Co. for them to take the three Tu-214s back and swap them with SSJs. OWe considered substituting our order on the Tupolev-214s into SSJs but left the idea. By 2015 weOll conclude our lease payments on the Tu-214s and will own them. The Sukhoi Superjet is a different deal,O Pleshakova said. UN carried 8.5 million passengers in 2011, up 27.2% on 2010, and launched 45 new routes. As part of its continuous fleet renewal program and to support growth, UN placed orders for four Airbus A380s, four Boeing 747-8 Intercontinental aircraft, four 787s and eight A320neos. Deliveries of the A380s will start from the fourth quarter of 2015. Feb 17, 2012

Wesco Aircraft Receives Silver Boeing Performance Excellence Award. Wesco Aircraft, a leading provider of comprehensive supply chain management services to the global aerospace industry, today announced that it has received a 2011 Boeing Performance Excellence Award. The Boeing Company issues the award annually to recognize suppliers who have achieved superior performance. Wesco Aircraft maintained a Silver composite performance rating for each month of the 12-month performance period, from Oct. 1, 2010, to Sept. 30, 2011. This year, Boeing recognized 529 suppliers who achieved either a Gold or Silver level Boeing Performance Excellence Award. Wesco Aircraft is one of only 407 suppliers to receive the Silver level of recognition. Randy Snyder, Wesco AircraftOs Chairman, President, and Chief Executive Officer said, OThe BPEA award is a validation of our efforts to provide exceptional service to Boeing. We are honored to receive this award and take pride in our ability to deliver safe, reliable products to our customers across the commercial and military aerospace markets.O Wesco Aircraft has been providing parts and value-added services to Boeing for more than three decades, supporting both Commercial and Military platforms. Feb 13, 2012

Wings Air set to become the largest ATR operator. Wings Air (IW), the regional subsidiary of Lion Air (JT), will take an additional 27 ATR 72-600s by the end of 2015 and will become the largest operator of ATR aircraft in the world with 20 ATR 72-500s and 40 ATR 72-600s. ATR and JT revealed at the Singapore Airshow that the Indonesian carrier is the unidentified customer for an order of 27 -600s included in ATROs order book for 2011. The turboprop manufacturer last year booked firm sales of 157 planes and options for 79 aircraft. IWOs new order is valued at about $610 million, ATR said. IW introduced its first ATRs in January 2010 and operates a fleet of 16 ATR 72-500s across its domestic network in Indonesia. Deliveries of the new order will start in November. IW will use the additional ATRs to develop new routes mainly from Sumatera, Kalimantan, Sulawesi and Papua islands. Some of these aircraft will also replace and complement IWOs MD-80s and JTOs Boeing 737s operating from these airports. OOur fleet of ATR 72s is playing a major role in the development and democratization of the aviation services in Indonesia, bringing new travel possibilities, at low rates, to an increasing part of the population,O said IW chairman and JT founder and president Pak Rusdi Kirana. JT earlier this week firmed up its agreement with Boeing to buy 201 737 MAXs and 29 737-900ERs in a $22.4 billion contract that was BoeingOs largest ever. Kirana dismissed remarks that the countryOs two main carriers, JT and Garuda Indonesia, are acquiring too much capacity. OWe are working together to build a nation,O he said, pointing out that Indonesia has a growing and stable economy, a population of 230 million and lots of islands that need connectivity. OI believe that Indonesia can operate up to 1,000 aircraft, by when, I do not know.O ATR said the Asia/Pacific region represents more than 40% of its total sales since 2005. There are some 250 ATR aircraft operating for Asia/Pacific carriers, plus 80 aircraft on backlog. Feb 17, 2012

The Zacks Analyst Blog Highlights: The Boeing, Delta Air Lines, United Continental Holdings, JetBlue Airways and Southwest Airlines. Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include The Boeing Co. (NYSE: BA), Delta Air Lines Inc. (NYSE: DAL), United Continental Holdings (NYSE: UAL), JetBlue Airways Corporation (Nasdaq: JBLU) and Southwest Airlines (NYSE: LUV). (Logo: http://photos.prnewswire.com/prnh/20101027/ZIRLOGO) Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513 Here are highlights from Thursday's Analyst Blog: Airlines to Invest in New Planes The major threats to the airline industry are escalating fuel prices, currency headwinds and a persistent slowdown in economic growth that is leading to lower global profits. All the chaos stems from the Euro-zone sovereign debt crisis, which has dwarfed economic growth all over the world and impaired funding for capital-intensive projects. In the current scenario, passengers are demanding high quality services with proper security. Airlines are using obsolete, old and less-fuel efficient aircraft, flying which are no longer feasible in a fuel-expensive environment. Hence, this is the right time for the air carriers to introduce the best aircraft. Though initially expensive, the new aircraft are more fuel efficient than the existing ones thereby lowering operating and maintenance costs. Global airlines are expected to invest $3.5 trillion to buy 27,800 new airplanes, having seating capacity of more than 100, over the next 20 years (2011[ETH]2030). New airlines business, advanced technology and dynamic growth of air travel in emerging markets throughout the world are boosting the demand for these airplanes. About one-third of the demand is expected to come from Asia, which currently accounted for 28% of global air passengers. The demand in Europe and U.S. are expected to fall to 23% and 20% by 2030, respectively, from the current 27% that each enjoy. A slow moving U.S. economy and the threats of a recession looming large over Europe are suppressing the demand for air travel. Airbus, the world's leading aircraft manufacturer, will deliver the largest number of aircraft to the airline companies followed by The Boeing Co. (NYSE: BA). U.S. air carriers like Delta Air Lines Inc. (NYSE: DAL), United Continental Holdings (NYSE: UAL), JetBlue Airways Corporation (Nasdaq: JBLU) and Southwest Airlines (NYSE: LUV) have started buying new planes from these manufacturers in order to provide good customer service. The progress thus attained would help these companies to regain their lost profits. Further, air carriers are adding new features to their services as well as expanding new products to improve passenger satisfaction and experience. Carriers are upgrading their fleet with Boeing Sky interiors such as flat bed seats and going wireless with the in-flight entertainment systems. We currently have our long-term Neutral recommendations on Delta, United Continental, Southwest and JetBlue. For the short term (1[ETH]3 months), JetBlue retains the Zacks #2 Rank (Buy) while the rest have the Zacks #3 Rank (Hold). Feb 17, 2012

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