AviTrader WEEKLY AVIATION HEADLINES

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AviTrader WEEKLY AVIATION HEADLINES Pratt & Whitney completes test of CFM56-3 PMA parts engine Pratt & Whitney Global Material Solutions completed a performance test of a CFM56-3 engine with P&W’s PMA parts installed. The test will feed Pratt & Whitney’s lifing analysis model. Global Material Solutions will manufacture life-limited and gas-path PMA parts for the CFM56 engine. United Airlines was announced earlier this year to be the launch customer for Pratt & Whitney's CFM56-3 PMA parts. LMI wins long term contract LMI Aerospace, a provider of assemblies, kits and detail sheet metal and machined components to the aerospace, defense and technology industries, announced today the signing of a long-term supply agreement with Spirit AeroSystems to continue providing components and assemblies for Boeing 737, 747 and 777 aircraft for its Tulsa Business Unit. At current production rates, the company expects sales covered under this agreement will total $60 million. Avmax selects Avexus Avexus, a provider of Asset Management & Operations and Maintenance, Repair & Overhaul (MRO) solutions and services, announced that Avmax Group , a provider in regional aircraft heavy maintenance, support, training and Commercial Aircraft Leasing Aircraft Management Services management services, has selected Avexus solutions to manage their MRO operations. Delta TechOps teams up with Aeromexico’s maintenance unit Delta Air Lines and Aeromexico, have reached a tentative agreement to form a maintenance partnership through which the airlines’ maintenance divisions, Delta TechOps and Aeromexico Maintenance and Engineering, will jointly market and perform MRO services for maintenance customers worldwide. In addition, Delta and Aeromexico will expand their current maintenance relationship. Through separate agreements, Delta TechOps will become the exclusive maintenance provider for Aeromexico’s fleet of CFM56-7 engines and 131-9B auxiliary power units, while Aeromexico will become the exclusive heavy maintenance provider for Delta’s MD-88 fleet. Sun Country orders winglets Minneapolis-based Sun Country Airlines will retrofit 7 Boeing 737-800 aircraft with Aviation Partners Boeing’s Blended Winglets, over the next 5 months. All aircraft are leased equipment owned by ILFC and CIT. Retrofit installations will be accomplished at Evergreen Air Center in Arizona and FlightCraft in Kelowna, British Columbia. Copa selects Boeing Maintenance Performance Toolbox Panama-based Copa Airlines will implement the Maintenance Performance Toolbox from Boeing, a set of performance-enhancing solutions for aircraft maintenance and troubleshooting. Copa Airlines is the first operator in the Americas to sign on for Toolbox. Aeromexico joins 777 parts pool Boeing and Aeromexico said signed an agreement in which the airline will become part of Boeing's Component Services Program (CSP). CSP is a parts-provisioning program that reduces the airline's up-front investment in spare parts and offers a supply of critical parts from a pool shared by participating 777 operators. Aeromexico has signed up for the 777 CSP, which will initially cover two 777-200ERs. The first of those two was delivered in March; the second is scheduled for delivery in late April. Additional 777s will be added to the CSP program as the Aeromexico fleet expands. Aeromexico is the first airline in the Americas to join the 777 CSP program. Cathay Pacific introduces in-flight monitoring system from Boeing Cathay Pacific will install Boeing’s inflight airplane monitoring system to track the health of 43 twin-aisle Boeing jets. Boeing's Airplane Health 10 South New River Drive East, Suite #200 Fort Lauderdale, FL 33301 tel. (954) 763-4737 fax. (954) 763-4757 4 MAY 1, 2006 / VOL. 44
AviTrader WEEKLY AVIATION HEADLINES Management (AHM) will give Cathay Pacific a real-time tracking tool to identify potential problems and help turn reactive repair issues into a proactive, planned and timely maintenance program. Standard Aero amends CF34 contract with SkyWest Airlines Standard Aero signed an amendment to its exclusive contract with SkyWest Airlines of Utah to add 44 CF34-8 engines to the program. Standard Aero is now contracted to service all 114 of SkyWest's engines which power their fleet of CRJ-700 aircraft for United Express. This amendment is expected to add over $200 million to the existing contract and will extend to March 2024. HAECO signs up new C-check customers HAECO signed in the first quarter 2006 new contracts for 747 freighter C-checks with Atlas Air and Ocean Airlines. The company also received C-check contracts from Asiana Airlines for the A321 and from Global Supply Systems for the 747. Airlinair renews MRO contract Airlinair has renewed its maintenance contract with TAT Industries for its entire ATR fleet. Under the agreement TAT will provide full equipment support for these aircraft, together with pool access and consignment stock as well as on request performances (light and base maintenance). Airlinair is the largest European ATR operator with 24 ATRs. SAS Technical Services gets more MD87 MRO work SAS Technical Services signed a 3year full maintenance support contract with Spanair. The contract will cover a fleet of seven MD87s. FINANCIAL NEWS Boeing net income up 29% Boeing's first-quarter net income rose 29% to $692 million from $535 million a year ago. Revenue for the quarter increased 12% to $14.3 billion from $12.7 billion, operating cash flow grew 46% to $2.1 billion and the company's operating margin rose to 6.7% from 5.4%. Boeing's backlog at quarter end was $213 billion, up 42% from a year ago and 4% in the quarter. The growth primarily reflects the record 1,002 commercial airplane orders won during 2005 and the additional 176 orders received during the first quarter of 2006. Republic Airways improves profit Republic Airways Holdings Inc. reported operating revenues of $257.3 million for the quarter ended March 31, 2006, a 22.7% increase, compared to $209.8 million for the same period last year. The Company reported net income of $16.9 million for the quarter ended March 31, 2006, a 14.0% improvement over the $14.8 million reported in the prior year’s first quarter. Iberia to invest in low cost carrier Iberia announced to invest 24 million euros for a 20% stake in a new Spanish low cost carrier. The new airline will operate point to point routes, basically from Barcelona. Other shareholders are Cobra Group, Iberostar Group, Quercus and Nefinsa each with a 20%. The new airline is expected to begin operation in October 2006 and will be managed independent from Iberia. The new low cost carrier will have 5 aircraft by the end of 2006 and will grow to a fleet of 30 aircraft by 2008. Delta reaches tentative agreement with its pilot union Delta Air Lines confirmed that the Air Line Pilots Association (ALPA), the union representing the airline’s approximately 6,000 pilots, has ratified the tentative agreement and has agreed to present it to its membership for ratification by May 31, 2006. The tentative agreement’s terms and conditions provide the necessary pilot savings through a combination of changes to pay, benefits and work rules. Because the company is reorganizing through the Chapter 11 process, the tentative agreement is subject to the U.S. Bankruptcy Court’s approval. If ratified by the pilots and approved by the Court, the agreement’s terms and conditions will be effective June 1, 2006 and become amendable on Dec. 31, 2009. Midwest Air narrows losses Midwest Air Group's first quarter 2006 operating revenue increased 34.6% to $150.7 million. Operating results improved to a $9.3 million loss from a $15.9 million loss in the first quarter of 2005, while net results improved to an $8.7 million loss from a $15.9 million loss. Hawaiian Airlines completes note redemption Hawaiian Airlines completed the redemption of all of its outstanding subordinated convertible notes due in 2010. Under the terms of the financing, redemption of the notes required payment of 105% of the $52.3 million principal amount outstanding plus accrued interest, resulting in a total redemption outlay of $55.9 million. Court protects VARIG from aircraft seizure by leasing companies VARIG Brazilian Airlines won an important victory in New York when the bankruptcy court extended the embargo on the seizure of VARIG aircraft by aircraft leasing companies until May 31st . The airline said that the ruling enables VARIG to continue its financial recovery plan which may lead to a definitive 5 MAY 1, 2006 / VOL. 44
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