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impairment the book value of the
Company is $15.0 million or
approximately 9.5 cents per share.
Second quarter loss for PAL
Philippine Airlines reported a total
loss of $113.8 million for the first six
months ending September of its
current fiscal year. The airline stated
the loss is the result of the
unprecedented surge in fuel prices
that occurred in the second quarter
of the fiscal year. PAL had earlier
reported a income of $45.8 million for
its first quarter.
Eclipse Aviation files for
bankruptcy protection
Albuquerque manufacturer Eclipse
Aviation filed for bankruptcy
protection on November 25th. The
manufacturer of the Very Light
Eclipse 500 jet filed for Chapter 11
protection in U.S. Bankruptcy Court
in Delaware.
Best quarter ever for Air Berlin
In the third quarter of 2008, Air Berlin
increased its operating income by
Aircraft Maintenance Outsourcing Conference for the Americas
Atlanta, USA, December 3 - 4, 2008 (Event Brochure)
17th Annual Aero-Engine Cost Management Conference
Houston, USA, February 4 - 5, 2009 (Event Brochure)
10th Annual Airline Line Maintenance Conference
Prague, Czech Republic, February 4 - 5, 2009 (Event Brochure)
Recommended Events
Missing your event? Please contact Peter Jorssen. +1 (604) 448-0970, peter.jorssen@avitrader.com
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FINANCIAL NEWS
(1) RB211-535E4
S/N 30512
Last shop visit April, 2008 (TAESL)
CSLSV 2
HSLSV 5
Cycle Limiter 13,753 (LPT-2 Disk)
Fresh Boroscope, MPA and 8130
w/Dual Release
(1) RB211-535E4
S/N 30565
Last shop visit Nov, 2002 (TAESL)
CSLSV 4,937
HSLSV 14,382
Cycle Limiter 9,953 (HPC 3 Disk)
Fresh Boroscope, MPA and 8130
w/Dual Release
AVAILABLE ENGINES FOR SALE OR LEASE
Chuck Cooper
847-726-5000
chuckc@gascapital.com
For more information contact:
www.gascapital.com
AviTrader WEEKLY AVIATION HEADLINES
December 1, 2008 / Vol. 168
4
57% over the corresponding quarter
of the previous year. Net profit
increased by 43.2% to 45.6 million
euros. This was the first quarter ever,
in which the companies turnover
exceeded the 1 billion mark.
Volvo Aero Services selected
Aeroxchange’s AeroRepair solution
for its repair management process.
This solution will enable end-to-end
business process automation for the
entire repair order lifecycle. Albert
Koszarek, President and CEO of
Aeroxchange, said “We are excited
to further develop our current
relationship with Volvo Aero
Services. Their integration of
AeroRepair to their current SAP
system will provide an increased
level of automation to a traditionally
manual process. It is our goal to
continue to provide innovative
solutions such as this for the entire
supply chain management process.”
Lufthansa is launching its new
"Lufthansa Italia" brand in Italy. The
new airline blends traditional
Lufthansa values, notably reliability
and high quality, with Italian flair.
With an initial fleet of six aircraft,
Lufthansa will be offering
connections from northern Italy to
major European destinations from
February 2009. Lufthansa will found
its own Italian airline under the new
brand early next year and apply for
an Italian Air Operator Certificate.
Flights to the first two destinations,
Barcelona und Paris will be operated
are marketed by P&WC Turbo
Engines Corp. (P&WCTEC), a
subsidiary of P&WC.
The world's first commercial aviation
test flight powered by a sustainable
second-generation biofuel is ready to
go on December 3, 2008. The
jatropha fuel has now been blended
50:50 with standard Jet A1 fuel by
Air New Zealand at its Auckland
Engineering Base. The biofuel blend,
named J50, has now been
transferred into an RNZAF fuel
tanker ready to fuel the Air New
Zealand Boeing 747-400 early next
week. The two-hour test flight is
scheduled to take off from Auckland
airport with the jatropha biofuel blend
powering one of the Air New Zealand
Boeing 747-400's Rolls-Royce
RB211 engines. The test flight is a
joint initiative between Air New
Zealand, Boeing, Rolls-Royce and
UOP, with support from Terasol
Energy, as part of commercial
aviation's drive for more sustainable
air travel for future generations.
from 2 February 2009. Flights to
Brussels, Budapest, Bucharest and
Madrid will be added to the timetable
　
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