For Complete Aviation  News Visit: Yahoo Aviation News in review

It appears that Delta has found a new location for freight.

Pentagon confident on Y2K, worries about Russia  (Reuters)
By Sue Pleming WASHINGTON, Jan 14 (Reuters) - The U.S.
- Jan 14 9:36 PM EST

Air France Hit With Surprise Strike  (Associated Press)
Air France was forced to cancel at least 17 domestic flights on Thursday due to a surprise strike by some of the carrier's maintenance workers.
- Jan 14 5:35 PM EST

Atlas Air Announces 3-For-2 Stock Split  (BusinessWire)
Atlas Air, Inc. today announced that its Board of Directors has approved a 3-for-2 common stock split in the form of a stock dividend. Stockholders of record at the close of business on January 25, 1999 will be entitled to one additional share for every two shares of Common Stock they own on that date.
- Jan 14 8:32 AM EST

Aid Flights to Angola Resume  (Associated Press)
The World Food Program resumed aid flights to some Angolan cities, ending a two-week suspension after two U.N. planes crashed in areas of renewed fighting between the government and rebels, a spokesman said today.
- Jan 14 11:07 AM EST

Kitty Hawk Responds to FAA Final Ruling on 727 Cargo Floors  (PR Newswire)
Kitty Hawk, Inc., the world's largest non-integrated air freight carrier and the leading provider of air freight charter logistics services, commented on the final Airworthiness Directive on 727 cargo floors issued Monday by the Federal Aviation Administration, which affects less than one third of Kitty Hawk's more than 100 aircraft.
- Jan 14 1:20 PM EST

Angola's UNITA said to find 2nd downed UN aircraft  (Reuters)
UNITED NATIONS, Jan 12 (Reuters) - Angola's UNITA rebels have told the United Nations they found the wreckage of a U.N.
- Jan 12 6:08 PM EST

Angola's UNITA said to find 2nd downed UN aircraft  (Reuters)
UNITED NATIONS, Jan 12 (Reuters) - Angola's UNITA rebels have told the United Nations they found the wreckage of a U.N.
- Jan 12 6:08 PM EST

Kellstrom Industries Completes Acquisition of Solair, Inc. From Banner Aerospace, Inc.  (BusinessWire)
Kellstrom Industries, Inc. today announced that it has completed the acquisition of Solair, Inc., from Banner Aerospace, Inc.. As previously reported, the purchase price was approximately $57 million in cash and a warrant to purchase 300,000 shares of common stock of Kellstrom at $27.50 per share.
- Jan 04 8:29 AM EST

Aviation Sales Announces Ground Breaking of New Corporate Headquarters  (BusinessWire)
Aviation Sales Company today announced that it has broken ground on the construction of its new corporate headquarters.
- Jan 04 7:02 AM EST

UniCapital Combines Aircraft Financing Operations; Forms Air and Aircraft Engine Groups  (PR Newswire)
UniCapital Corporation today announced it has combined its aircraft financing operations to form the UniCapital Air and Aircraft Engine groups.
- Jan 05 7:28 AM EST

Aviation Group, Inc. Announces Intent to Purchase Aviation Laboratories, Inc.  (BusinessWire)
Aviation Group, Inc. announced today that it has executed a letter agreement to acquire Aviation Laboratories, Inc., a profitable Texas-based leader in aircraft fluid analysis.
- Jan 04 10:44 AM EST

Curtiss-Wright Closes SIG-Antriebstechnik Acquistition  (PR Newswire)
Curtiss-Wright Corporation today announced that its wholly owned subsidiary, Curtiss-Wright Flight Systems, has completed the acquisition of the shares of SIG-Antriebstechnik, a unit of SIG Swiss Industrial Company Group.
- Jan 04 8:14 AM EST

Kitty Hawk Announces Actions to Achieve Profitability at its American International Airways Division  (PR Newswire)
Kitty Hawk, the world's largest non-integrated air freight carrier and the largest U.S. provider of air charter logistics services, today announced that it will implement further cost-reduction measures to improve the financial performance of its American International Airways division.
- Dec 28 12:27 PM EST

DeCrane Aircraft Holdings Signs Definitive Agreement to Acquire PATS Inc.  (BusinessWire)
DeCrane Aircraft Holdings Inc., a leading manufacturer of avionics components and an avionics systems integrator for the commercial and high-end corporate aircraft industry, announced the signing of an agreement to acquire PATS Inc., a leading designer, manufacturer and installer of auxiliary fuel tanks and other equipment for the commercial and corporate jet markets.
- Dec 29 7:00 AM EST

International Airline Support Group Announces Stock Buyback Plan  (BusinessWire)
International Airline Support Group, Inc. today announced that its board of directors has authorized the company to repurchase up to $1 million of its common stock. At current market conditions, this amounts to approximately 10% of the Company's common shares outstanding.
- Dec 28 9:45 AM EST

International Airline Support Group Reports 24% Increase in Pretax Income for the Second Quarter of Fiscal 1999  (BusinessWire)
International Airline Support Group, Inc. today announced results for the second quarter of fiscal 1999 ended November 30, 1998.
- Dec 28 8:30 AM EST

Angola aid suspended after plane crash  (at BBC Online)
Food aid flights to Angolan refugees have been suspended after a UN plane crashed in the war zone. World: Africa Angola aid suspended after plane crash The flight to Saurimo crashed shortly after leaving Huambo The United Nations World Food Programme has suspended aid flights in Angola after a UN aircraft crashed on Saturday with 14 people on board.
- Dec 27 11:19 AM EST

Pentagon Decries U.S. Bomb Graffiti  (Associated Press)
Defense Department officials are expressing dismay about ``thoughtless graffiti'' referring to the Islamic holy month of Ramadan on a Navy bomb being prepared for dropping on Iraq.
- Dec 22 4:33 AM EST

Horizon Air Announces Major Jet Aircraft Order  (BusinessWire)
Horizon Air today announced plans to acquire 25 new 70-seat Canadair Regional Jet Series 700 aircraft from Bombardier Aerospace, Ontario, Canada. Delivery is slated to begin in the second quarter of 2002.
- Dec 22 3:02 AM EST

British Aerospace, GEC Move Closer  (Associated Press)
British Aerospace and General Electric Co. are close to agreeing to a mega-alliance, The Sunday Times reported.
- Dec 20 7:44 PM EST

Indigo Aviation AB Announces Acquisition of its First New Aircraft Two Boeing 737-300's  (PR Newswire)
Indigo Aviation AB, today reported the purchase of its first two new aircraft.
- Dec 21 10:22 AM EST

Sorry for the lack of News!

I am sure you are all news-ed out anyway between the military action in Iraq and the House Impeachment debates.

On a personal note, I just finished a short trip to Dallas.  I visited Kitty Hawk, Express One and Applied Aerodynamics.   Each Company continues to expand, and I am glad to report each has the Internet available for their employees.

Pan Am Opens New Hampshire Maintenance Base  (BusinessWire)
Pan American Airways Corp. today opened its new maintenance and corporate headquarters at the Pease International Tradeport.
- Dec 17 12:52 PM EST

Bombardier signs $210 million jet sale  (Reuters)
MONTREAL, Dec 17 (Reuters) - Canadian aerospace and transportation equipment maker Bombardier Inc. said on Thursday that it agreed to sell 10 Canadair Regional Jet aircraft to Atlantic Coast Airlines (Nasdaq: ACAI - news ) in a transaction valued at $210 million.
- Dec 17 7:44 PM EST

The BIG story...  Kellstrom buys Solair. 

SUNRISE, Fla., Dec 7 (Reuters) - Aircraft aftermarket reseller Kellstrom Industries Inc. said Monday it had agreed to buy Solair Inc., a subsidiary of Banner Aerospace Inc., for $57 million cash.

In addition to the cash, Banner will receive a warrant to purchase 300,000 shares of Kellstrom at $27.50 each.

The deal to buy Solair, a maker of aircraft rotables and expendable components, is part of what Kellstrom termed a continuing, aggressive acquisition strategy. Kellstrom said buying Solair will give it a firm position in the avionics and high-end aftermarket rotables business.

Kellstrom said it would retain the Solair brand name and convert the unit into a Kellstrom division. Solair's 1997 revenues totaled about $72 million.

The deal, which is to close by year-end, is subject to customary conditions, including approval by government regulators.

In a separate news release, Banner said it expects to realize a book loss of about $12.5 million from the deal. Chief Executive Jeffrey Steiner said the sale would give Banner the liquidity it needs to explore its own merger and acquisition strategies

These past couple of days have been pretty slow, news wise.  Everyone has read or heard about the newest proposed layoffs at Boeing.  The current tally is 48,000 workers. Good luck to their stock! 

If you have news that you would like us to post please feel free to it email it to: scoop@ipls.com.   Thanks for your support! 

Boeing Announces Production Rate Changes, Financial Projections  (PR Newswire)
The Boeing Company today announced it will reduce production rates for some of its commercial airplane programs based upon updated assessments of the Asian economic crisis and its impact on air travel and airplane customers.
- Dec 01 5:02 PM EST

American Aircarriers Support Receives FAA Certification For Landing Gear Subsidiary, New Corporate Headquarters  (PR Newswire)
American Aircarriers Support, Incorporated, a leading supplier of commercial aircraft engines and spare parts, announced today that one of its recent acquisitions, Condor Flight Spares Inc. received FAA certification to overhaul and maintain landing gear for commercial aircraft.
- Dec 02 7:45 AM EST

Aircraft Maker Boeing Co. Will Reduce Its Work Force by 48,000 Jobs  (Associated Press)
By GEORGE TIBBITS AP Business Writer SEATTLE (AP) -- The Asian financial crisis and the reluctance of that region's airlines to buy new jets has forced Boeing Co. (NYSE: BA - news ) to cut an additional 20,000 workers and further scale back jetliner production over the next two years.
- Dec 02 1:23 AM EST

Happy Thanksgiving to you all...  Now here is the latest news!

Faa Orders Urgent Repairs On Boeing 727s Switched To Haul Cargo   (at Chicago Tribune)
The Federal Aviation Administration Friday issued an emergency order for repairs to Boeing 727 aircraft converted to cargo use because of problems with riveted joints in the fuselage skin.
- Nov 29 8:55 AM EST

Swissair Stands By MD-11 Jets After Latest Problem  (Reuters)
Swissair remains committed to its fleet of MD-11 aircraft despite a problem last week that reminded many scared passengers of the September crash that killed all 229 people aboard the same kind of jet, a top company official said.
- Nov 30 12:15 AM EST

GE Capital May Buy Japan Leasing  (Associated Press)
U.S. financial services giant GE Capital Corp. is in negotiations to acquire a failed affiliate of Japan's recently nationalized Long-Term Credit Bank of Japan, a newspaper said Sunday.
- Nov 28 9:48 PM EST

Mesa Air settles WestAir lease claims  (Reuters)
PHOENIX, Nov 30 (Reuters) - Mesa Air Group said Monday it had settled all claims with the aircraft and equipment lessors of its defunct WestAir subsidiary for about $15 million. With the exception of $150,000 paid in October, the entire amount was paid in September, Mesa said.
- Nov 30 7:34 AM EST

HAECO to lay off eight pct of workforce  (Reuters)
HONG KONG, Nov 30 (Reuters) - Hong Kong Aircraft Engineering Co Ltd (HAECO) said on Monday it planned to make 352 staff redundant, about eight percent of its 4,500 workforce. The company said in a statement the decision reflected the impact of the economic downturn and very difficult operating conditions in the company's main markets.
- Nov 30 5:23 AM EST

ProAir Takes Delivery of Third Aircraft  (PR Newswire)
ProAir has accepted delivery of a brand new Boeing 737-300 which will support the inauguration of service from Detroit City Airport to Atlanta and Orlando on Dec. 13.
- Nov 23 2:35 PM EST

Hawaiian Airlines Acquires Two DC-10-30's For Expanded West Coast Neighbor Island Service  (BusinessWire)
Hawaiian Airlines, Inc. announced today that it has added two McDonnell Douglas DC-10-30 widebody jets to its transpacific fleet. These aircraft will service the Company's previously announced new routes of Los Angeles-Maui and Los Angeles-Maui-Kona scheduled to begin in March 1999.
- Nov 24 8:21 AM EST

Boeing confirms order by Continental  (Reuters)
SEATTLE, Nov 23 (Reuters) - Continental Airlines, the fifth-largest airline in the United States, has placed an order for 10 extended-range Boeing 767-200 ERs to complete its twin- aisle fleet, The Boeing Co. said Monday.
- Nov 23 5:55 PM EST

A great site for aircraft pitures is http://www.airliners.net

Six China firms join up to build small jets -paper  (Reuters)
HONG KONG, Nov 22 (Reuters) - Six mainland China aviation firms are jointly planning a range of regional passenger jets after the collapse of manufacturing deals with Airbus [ARBU.CN] and Boeing (NYSE: BA - news ), Hong Kong's Sunday Morning Post reported.
- Nov 21 6:58 PM PST

FedEx Talks To Resume, Averting Holiday Strike  (Reuters)
Federal Express, the world's largest air express carrier, and its pilots union agreed early Friday morning to restart stalled contract negotiations, in an apparent capitulation by pilots that eliminates the threat of a strike during the holiday shipping season.
- Nov 21 9:25 PM PST

The big news of the Day!  American Airlines purchases Reno! Press here for details.

GE Supply Net Now Available To All Customers  (BusinessWire)
GE Supply customers can now place and track orders instantly over the Internet with GE Supply Net, the electrical distribution industry's first real-time Internet ordering system. The system, initially launched in 1996 to a limited number of customers, was the earliest of its kind among electrical distributors.
- Nov 19 1:03 PM PST

BFGoodrich Aerospace and United Parcel Service Celebrate 800th Aircraft Delivery  (PR Newswire)
BFGoodrich Aerospace commemorated the completion of 800 aircraft maintenance, modification and paint workscopes today with long-time customer United Parcel Service.
- Nov 19 11:04 AM PST

Air Aruba, Aserca Airlines Introduce Boeing MD-90 in Latin America  (PR Newswire)
Air Aruba and Aserca Airlines of Venezuela each took delivery of a Boeing MD-90 today, representing the latest of many deliveries of Boeing jetliners this year to carriers in Latin America.
- Nov 19 12:00 PM PST

Bombardier sees 230 aircraft deliveries  (Reuters)
NEW YORK, Nov 18 (Reuters) - Bombardier Aerospace is on track to deliver 230 aircraft this year, up from 178 last year, Bombardier Aerospace President Robert Brown said Wednesday. Brown said Bombardier expects to deliver and receive payment for 15 to 20 Global Express aircraft by the end of its first fiscal year in January, following Friday's approval of the ultra long-range business jet by the U.
- Nov 18 4:52 PM PST

New Boeing Plane Lacking Orders  (States News Service)
There are some big concerns at Boeing over the less-than-spectacular sales of its latest passenger jet.
- Nov 18 2:53 PM PST

ILFC Launch Customer for PW6000  (PR Newswire)
International Lease Finance Corporation, the world's leading aircraft leasing company, has become the first customer for the new Airbus Industrie A318 aircraft powered by the Pratt & Whitney PW6000 engine.
- Nov 17 8:11 AM PST

FedEx inspects MD-11 switches on FAA orders  (Reuters)
NEW YORK, Nov 17 (Reuters) - Federal Express (NYSE: FDX - news ) has started to inspect two switches in the cockpits of its MD-11 aircraft on orders from the Federal Aviation Administration, a FedEx spokeswoman told Reuters on Friday. ``We got the order today (Tuesday) and we'll start inspecting right away,'' said Darlene Faquin, a FedEx spokeswoman at the carrier's Memphis headquarters.
- Nov 17 5:36 PM PST

Pegasus plans bond backed by lease payment revenue  (Reuters)
MIAMI, Nov 17 (Reuters) - Privately held Pegasus Aviation Inc, an aircraft leasing company with a fleet of 135, is planning a public bond offering of at least $450 million backed by revenue from lease payments, the president of the company said on Tuesday. He said the bonds issued by Pegasus would securitize lease payments from a group of customers that included a number of Latin America carriers.
- Nov 17 8:56 PM PST

Martinair Expands Miami Cargo Handling Contract With AMR Services  (PR Newswire)
Martinair Cargo has selected AMR Services' Miami cargo subsidiary, CFS, to provide expanded cargo handling at Miami International Airport.
- Nov 17 8:54 AM PST

Pegasus to boost fleet commitment to Latam  (Reuters)
MIAMI, Nov 17 (Reuters) - Privately held Pegasus Aviation Inc., an aircraft leasing company with a fleet of 135, next year will increase the percentage of its fleet devoted to Latin America from the current level of 30 percent, the president of the company said Tuesday.
- Nov 17 8:55 PM PST

INTERVIEW-Boeing bullish on small planes in China  (Reuters)
ZHUHAI, China, Nov 16 (Reuters) - Boeing Co (NYSE: BA - news ) said on Monday that it was bullish on China's market potential for smaller commercial aircraft and it was in talks with Chinese suppliers to construct the wing for its new 717 model. ``We have been talking to a number of suppliers around the world and one of the ones we are considering is in China for the 717 wing,'' said Ray Bracy, President of Boeing China.
- Nov 16 1:24 AM PST

Delta Airlines Names Lucas Aerospace as its Exclusive Supplier of Cargo System Power Drive Units  (PR Newswire)
Lucas Aerospace has been selected by Delta Airlines, Atlanta, Ga., as its exclusive supplier of cargo system power drive units for all future Delta purchases of B767 and B777 aircraft.
- Nov 16 9:02 AM PST

Airbus sees growth, cooperation in China  (Reuters)
ZHUHAI, China, Nov 15 (Reuters) - Airbus Industrie on Sunday predicted China's air traffic growth would outpace the world's growth in the next 20 years and said it was evaluating Chinese cooperation in the production of an aircraft wing. ``While we have decided together with our Chinese partner not to proceed with one project that we were evaluating, we have started actively evaluating an alternative project,'' Rolf Rue, President of Airbus Industrie China, said.
- Nov 15 9:59 AM PST

Bombardier Global Express Wins FAA Certification  (BusinessWire)
The United States Federal Aviation Administration awarded type approval on Friday, November 13, for the pioneering ultra long-range Bombardier Global Express business jet. The announcement comes just one week after Transport Canada issued the first Certificate of Airworthiness for a Global Express aircraft.
- Nov 16 11:19 AM PST

Kirkland Firm Tries Airbags For Aircraft  (States News Service)
If airbags in cars can save lives, what about airbags in aircraft? Redmond-based Primex Aerospace is testing airbags in helicopters.
- Nov 16 2:54 PM PST

Fields Aircraft Spares Posts $0.08 vs. $0.07 3Q EPS  (Standard & Poors)
Fields Aircraft Spares Posts $0.08 vs.
- Nov 16 11:07 AM PST

Brazil's Embraer 9-mo profit 77.9 mln reais  (Reuters)
SAO PAULO, Nov 16 (Reuters) - Brazilian aircraft maker Embraer on Monday posted net profit of 77.9 million reais for the first nine months of 1998, compared with a net loss of 81.
- Nov 16 11:27 AM PST

Boeing, Government Probe Plane Part  (Associated Press)
Boeing Co. and the Federal Aviation Administration are examining a hydraulic valve intended to correct possible flaws with the rudder on 737 aircraft after cracks were found in nine valves still at the manufacturer.
- Nov 14 7:28 PM PST

Fedex Talks Still Stalled  (Reuters)
Federal Express said Friday it had asked its pilots union to clarify its latest contract proposals before it would resume talks aimed at averting a threatened strike during the peak holiday shipping season.
- Nov 14 9:27 PM PST

Fields Aircraft Spares, Inc. (Nasdaq:FASI - news) announced today results for the third quarter of its 1998 fiscal year, ended Oct. 2, 1998.

For the quarter, the Company reported sales of $6,120,000 and net income of $242,000, or $0.08 per share diluted. For the prior year's third quarter, which ended Sept. 30, 1997, the Company reported sales of $3,414,000 and net income of $161,000, or $0.07 per share diluted

AVTEAM Reports Sales and Earnings Gains in Third Quarter of 1998  (PR Newswire)
AVTEAM, Inc., a global supplier of aftermarket aircraft engines, engine parts and airframe components, today reported net income of $1.1 million, or $0.10 per share fully diluted, on net sales of $14.8 million in the third quarter of 1998.
- Nov 12 5:30 AM PST

FAA Orders MD-11 Switch Inspection  (Associated Press)
Airlines were told today to inspect two lighting dimmer switches in the cockpits of MD-11 aircraft because they may overheat and smoke, but the government said the problem does not appear to have caused the crash of Swissair Flight 111.
- Nov 12 8:40 AM PST

Airbus Says It'll Surpass Boeing  (Associated Press)
Airbus Industrie has dramatically increased its orders for new commercial jets and is mounting a challenge to rival Boeing for leadership in the industry, the consortium's chief executive said Tuesday.
- Nov 10 3:32 PM PST

American Aircarriers Support Announces The Acquisition Of Florida Landing Gear Company  (PR Newswire)
American Aircarriers Support, Inc., a leading supplier of commercial aircraft engines and spare parts, announced today the acquisition of substantially all the operating assets of Condor Flight Spares Inc..
- Nov 10 7:26 AM PST

New Plane, People, Places; ProAir Adds Destinations, Fourth Aircraft, Personnel  (PR Newswire)
ProAir today announced several strategic business decisions, including the beginning of service from Detroit City Airport to Atlanta and Seattle, the acquisition of its fourth plane and the appointment of vice presidents for its marketing and communications and customer service operations.
- Nov 10 10:30 AM PST

HOME | INFORMATION | NEW | EMAIL | ADD BULLETINS | DOWNLOAD INFO | IPC DC9 | MULTIPLE PART NUMBER SEARCH | FAA AD | IPLS GAZETTE | AVIATION LINKS | CAGE INFO | ADD PARTS | ENTER CHAT

These pages are protected under US and International Copyright Laws 1996 IPLS, Inc. Last Update: August 29, 1996