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Monday, November 8, 2004

Supply Side

  • Cairo-based Petroleum Air Services ordered one more Bombardier [BBD] Q300 valued at $16 million. The 50-seat turboprop will be delivered in the first quarter of 2005. The Egyptian firm had previously ordered three Q300s. This latest order represents the conversion of an option to a firm order.
  • The Canadian government approved a $1.5 billion loan guarantee facilitating Air Canada's [ACE] purchase of 45 Bombardier RJs. The carrier has ordered 30 CRJ 200s, with the first to be delivered this fall, and 15 CRJ 705s, its 75-seat model. The first of the larger planes will be delivered next May.
  • Skyway Aviation has brokered the sale of a Jetstream 32 to Khors Air Co., based in the Ukraine. It will be the first J32 certified and operated in the Ukraine. Tomalpin Holdings in Australia is selling the 1991-vintage aircraft. Before it is delivered this month, it will be refurbished in Brisbane, Australia.
  • Australia's Macair has purchased two Saab 340Bs from Mandarin Airlines, of Taiwan. The planes are being refurbished at Taby Air Maintenance facility in Sweden before being ferried to Queensland, Australia. Skyways Aviation brokered the deal. Macair leased another Saab earlier this year.
  • China Aviation Industry Corp. has selected CAE [CAE] to provide the first full-flight simulator for its new ARJ 21 regional jet. The simulator is to be delivered in 2008 at the commercial aircraft training center in Shanghai. The plane, with 70 to 90 seats, is scheduled for its first delivery, also in 2008.
  • After ordering four additional Boeing [BA] 737s, Hapag-Lloyd Express is considering adding its first two Fokker 100s to its fleet. The fleet of the Hanover, Germany, low-fare carrier has been B737s since its 2002 beginning.
  • Saab TransponderTech is now selling a new airborne AIS transponder for search and rescue, martime surveillance and other aerial applications. The new transponder receives signals from all AIS-equipped ships and aircraft within a region. The system can provide for dedicated data links with other aircraft and ground stations, permitting operations to be controlled from the operations center.
  • Aerospace Composite Structures has submitted KelvinBox, the first specialized air cargo container designed to protect shipments from temperature extremes, to the Federal Aviation Administration (FAA) for certification testing. The box is designed to maintain constant internal temperatures for the cargo when outside temperatures drop as low as minus 30 degrees C and as hot as 55 degrees C. The box is targeted to those shipping pharmaceuticals and food items. Once approved by the FAA, the boxes will be built in Rio Rancho, N.M. Aerospace is a joint venture of Aerobox [ARX] and Kelvin Technologies.
  • Ron Zilberbrand has formed The Zilberbrand Group that will specialize in turbine sales. Zilberbrand said customers of the new firm would experience the same level of customer service provided by his first firm, Jet Support Service, which he founded 15 years ago. The Zilberbrand Group is partnering with General Aviation Services on specific, undisclosed transactions.
  • Dynamic Science earned a five-year contract to perform air traffic control services at seven National Guard Bureau air traffic control towers in Texas, New York, West Virginia, North Carolina, Ohio, Massachusetts and Rhode Island. In addition to air traffic control service, Dynamic will provide weather observation and tactical air services. Dynamic is a unit of Exodyne.
  • The U.S. Department of Transportation will spend $20.5 million to fund repairs at 71 airports along the East Coast that were damaged during four hurricanes in the late summer and early fall.
  • A joint venture, District of Columbia Parking Associates, won a multi-year control to operate the parking garages and shuttle buses at Washington Dulles International Airport. The venture is a partnership of Central Parking [CPC] and AutoPark, a small business based in Washington.
  • Ampco Systems Parking recently won the multi-year contract to manage the 18,000 parking spots at Minneapolis-St. Paul International Airport.
  • Triumph Group [TGI] posted a smaller second quarter profit than it did a year ago. The company earned $5.7 million, or 36 cents per share, on revenue of $170 million compared to profits of $7.3 million, or 46 cents per share, on sales of $145 million a year ago. Its Aerospace Systems posted an operating profit of $14.6 million on sales of $42.4 million compared to an operating profit of $11.6 million in the same period of 2004.
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