LORD Corporation Awarded Contract for Korean Utility Helicopter

September 8, 2008

CARY, N.C., Sept. 8 /PRNewswire/ — LORD Corporation – a leader in the
management of vibration, noise and motion control – has been selected by
Korea Aerospace Industry (KAI) and Korean Air (KA) to supply main and tail
rotor spherical bearings and dampers for the Korean Utility Helicopter
(KUH) program.

The 8-ton utility transport helicopter, which is slated for first
flight in 2010 and production in 2011, is being developed by the Korean
Ministry of Defense using a semi-indigenous program. Designed to carry 9
passengers, the new helicopter is intended to replace many of South Korea’s
700 helicopters. While Korean Air will supply KAI with the tail section of
the KUH, KAI is in charge of the main rotor design and rotor system
integration. KAI and KA jointly selected LORD for this contract.

According to Bernie Chan, Sales & Market Manager for LORD Aerospace and
Defense Asia Pacific, design has progressed on a fast-track schedule with
Preliminary Design Review in Korea in April, followed by Critical Design
Review at LORD Corporation’s Grandview, Pa. center in July.

The main rotor damper uses LORD Corporation’s Fluidlastic(TM)
technology, which has become an industry standard for superior noise and
vibration isolation, as well as energy dissipation applications, due to its
combination of high performance, ease of maintenance and efficient use of
space. Fluidlastic technology is currently featured in mounts, lead lag
dampers and torque restraints in both fixed- and rotary-wing aircraft. In
this design, the fluid technology is an improvement over traditional
dampers as it eliminates the problematic sliding seals typically found in
hydraulic dampers. The dampers can be designed with straight viscous
damping or inertial damping. This allows performance to be tailored with
temperature and frequency.

LORD dampers are routinely designed to meet challenging operating
conditions including cold temperature environments and small oscillatory
displacements. Since LORD uses fluid to generate damping, a highly
fatigue-resistant elastomer can be used in lieu of a high-damped elastomer.
This feature allows for a small component size with high endurance life.

While the KUH tail rotor damper is made of a customized elastomer and
metal assembly, the main and tail rotor spherical bearings are made of
high-capacity laminate (HCL), a technology which LORD was first to apply to
helicopters to replace mechanical bearings in order to provide better
vibration control and to reduce the number of parts.

Since February this year, LORD, KAI and KA engineers have been working
cohesively to design the four critical components. According to Dr. Seok
June, Yee, Korea Aerospace Industries’ Chief Engineer for KUH Rotor Design,
support from the entire LORD team was remarkable.

Mr. Suk Jun, Lee, Korean Air Principal Engineer for the KUH Tail Rotor
system, was also very pleased with the development progress made by LORD.
“We are very impressed by LORD Corporation’s flexibility, enthusiasm and
support, and we have learned a lot working with them. LORD has very good
engineering capabilities and experience, and we are glad that we have
selected LORD,” he said.

About LORD

With headquarters in Cary, N.C., and sales in excess of $700-MM, LORD
Corporation is a privately-held company that designs, manufactures and
markets devices and systems to manage mechanical motion and control noise
and vibration; formulates, produces and sells general purpose and specialty
adhesives and coatings; and develops products and systems utilizing
magnetically responsive technologies. With manufacturing in nine countries
and offices in more than 15 major business centers, LORD Corporation
employs more than 2,600 worldwide. Visit http://www.lord.com for more information.

Peru and Brazil to launch Open Skies agreement

September 8, 2008

The agreement will allow carriers from both countries to increase service at will. Currently there are 28 frequencies allowed, with a number of airlines in Peru and Brazil waiting for the authority to begin new and additional service.

TAM launched regular service between Sao Paulo and Bariloche, Argentina

September 8, 2008

Brazil’s “model airline” and the largest in Latin America launched twice-weekly A320 service on August 14. It has also announced that it will begin Sao Paulo to Orlando in November and to Lima, Peru before the end of the year.

TAP signs an agreement with travel agents to provide exclusive service to NE Brazil

September 8, 2008

Effective on September 1 the Portuguese airline will be the only airline serving the north east of Brazil from Portugal through April 2009. The agreement was signed with travel agents and tour operators who have agreed to cancel all charter flights and use TAP’s scheduled service exclusively.

Peru and the USA will sign an FTA in October

September 8, 2008

The new FTA agreement  with the United States is to be signed in October according Eduardo Ferreyros, vice minister of commerce He announced on September 4 that the FTA with the US has been the subject of considerable changes in rules and the agreement will be in effect by January 2009.

Aerosur to launch service to Argentina

September 8, 2008

The Bolivian airline has been approved to serve Tucuman, Argentina from Santa Cruz, Bolivia. The airline will provide twice-weekly service and will offer direct connecting flights to Miami and Madrid. It will also provide service to Peru, Panama and Bogota. It launched B747 service to Madrid in August.

ATA reports yields up to a record 15.6 cents in Latin America

September 8, 2008

According to this month’s report from the Air Transport Association as published in Aviation Daily on September 8, Latin America continues to be the region with the highest international yield per RPM for US carriers world wide. The following chart is self explanatory:

                Domestic              Atlantic               Latin America  Pacific

                 Yield    % yr/yr     Yield    % yr/yr    Yield yr/yr       Yield    % yr/yr

July 07       14.6       0.5         13.4       5.2        13.8     2.6       12.1       6.8

2007          14.6       7.3         12.6       8.0        13.7     3.5       11.9       8.9

July 08        15.7      7.5         14.5       8.4        15.6     13.7     13.4      10.9

 While Domestic still inches ahead by 1 tenth of a percentage point, it is obvious that Latin America is “where the action is”.

SKYWEST IS BUYING A STAKE IN BRAZIL’S TRIP LINHAS AEREAS

September 8, 2008

The US based regional airline is acquiring a 20% stake in Brazil’s largest domestic regional airline, Trip Linhas Aereas. The Utah based US carrier will pay $30 million over a two year period to acquire the 20% stake, the maximum allowed by current Brazilian law for a foreign airline’s ownership in Brazil. Trip’s chairman of the board, Renan Chieppe, stated the investment is part of $150 million in capital the airline is seeking to be pumped into the airline. He stated: “These investments will allow us to accelerate our expansion of our fleet and grow. The airline currently serves 64 destinations in the largest country in Latin America with a fleet of 12 ATR42-320s. four ATR72-210s, two ATR72,500s, one EMB120 and is adding five Embraer ERJ175s. Jerry Watkins, CEO of the US carrier, said the negotiations lasted 16 months, “We concluded there’s a positive convergence of vision and interests between our two companies and that the deal will promote a regional model in Brazil that we successfully developed in the American market”.

AFRIQIYAH AIRWAYS RECEIVES FIRST AIRBUS A319

September 8, 2008

Afriqiyah Airways from Libya took delivery of its first medium range Airbus A319. This A319 is the first of three aircraft of this type to be delivered to the young and dynamic airline, and is part of an order signed in 2006, which also includes 11 A320s and three long range A330-200s. To date two A320s have also been delivered to the airline. In 2007, Afriqiyah signed another firm contract for six A350XWB aircraft to further expand their growing international long haul network.

The A319 will be integrated into Afriqiyah’s all Airbus fleet, and be deployed from their hub in Tripoli, from where Afriqiyah operates non-stop key routes in Europe such as Paris, Brussels, Geneva, London, Rome and Amsterdam, as well as to 17 destinations in North-, West- and Central Africa and the Middle East. The aircraft is configured to seat 124 passengers in a very comfortable two-class configuration and is powered by CFM56-5B engines.

“After having received our A320s which are doing extremely well in our fleet, we are very much looking forward to continue this excellent track record with the A319. With its low operating costs and high passenger comfort these aircraft are a key tool in our long term strategy to further develop our market position”, Captain Sabri, CEO of Afriqiyah Airways said. “The commonality of all Airbus aircraft gives us the flexibility to interchange the aircraft according to our needs, to optimise operations and maintenance”.

John Leahy, Airbus Chief Operating Officer Customers, added: “Since Afriqiyah Airways first entered the market in 2001, this airline has experienced an impressive increase in routes and passengers. We are delighted to be part of that and congratulate Afriqiyah on their successful growth strategy. With the A330 and the A350 deliveries to follow, we are looking forward to a long and fruitful partnership.”

The A320 Family, which includes the A318, A319, A320 and A321, is recognized as the benchmark single-aisle aircraft family. Each aircraft features fly by wire controls and all share a unique cockpit and operational commonality across the range. Around 6,300 Airbus A320 Family aircraft have been sold and more than 3,500 delivered to some 280 customers and operators worldwide, making it the worlds best selling commercial jetliner ever. With proven reliability and extended servicing periods, the A320 Family has the lowest operating costs of any single aisle aircraft. Uniquely, the A320 Family offers a containerized cargo system, which is compatible with the world wide standard wide-body system.

Airbus is an EADS company.

CIT AEROSPACE Places $200 Million Order for CFM56-5B Engines

September 8, 2008

EVENDALE, Ohio — September 8, 2008 — CIT Aerospace today announced that is has selected CFM International’s CFM56-5B engine to power 15 firm Airbus A320 family aircraft.  The order is valued at approximately $200 million (U.S.) at list price and the aircraft are scheduled for delivery through 2015.

CFM56-5B engines are produced by CFM International, a 50/50 joint company between Snecma (SAFRAN Group) and General Electric Company.

“We have built a great relationship with CIT over the years and are very excited to help them with their growth through the selection of the highly reliable CFM56-5B engines to power the A320 family of aircraft, ” said Bill Clapper, executive vice president of CFM.

CIT Aerospace is a long-time CFM customer and has taken delivery of a total of 50 CFM56-5B-powered A320s to date.  The company also has either on order or in service 46 CFM56-7B-powered Boeing Next-Generation 737-800 and 737-900 aircraft.

CIT  is one of the world’s largest publicly held commercial finance organizations with more than $70 billion in managed assets.  CIT Aerospace, a unit of CIT, provides financing solutions to a broad spectrum of the global aerospace value chain ranging from operators of commercial and business aircraft to manufacturers and suppliers in the aerospace and defense industries as well as financial institutions.  CIT owns or finances a fleet of more than 300 commercial and business aircraft leased and financed to more than 100 airlines around the world.

All of CIT’s new CFM56-5B engines will be in the Tech Insertion configuration.  This technology will provide operators with a 1 percent improvement in fuel consumption over the life of the product, compared to the base CFM56-5B engine.  This lower fuel consumption will also lower CO2, reducing these emissions by 200 tons per aircraft per year.  Improved analytic design tools have also enabled CFM to further optimize the Tech Insertion combustor so that it will provide 25 percent lower NOx emissions.

Over the engine’s life cycle, Tech Insertion will also provide operators with longer time on wing and will lower maintenance costs by between five and 12 percent, depending on the thrust rating. These benefits are achieved through improvements to the high-pressure compressor and the high- and low-pressure turbines.

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