Airlines

Esterline Corporation Launches Private Placement of Senior Notes

SOURCE: Esterline Technologies BELLEVUE, WA–(Marketwire – July 19, 2010) –  Esterline Corporation ( NYSE : ESL ) ( www.esterline.com ), a leading specialty manufacturer serving aerospace/defense markets, today announced that it is commencing an offering (the “Offering”) of $200 million aggregate principal amount of senior notes due 2020. Esterline intends to use the net proceeds from the Offering to repurchase any and all of its $175 million outstanding 7 3/4% Senior Subordinated Notes due 2013 (the “2013 Notes”), pursuant to a cash tender offer and consent solicitation for the 2013 Notes also announced today, and to use the balance for general corporate purposes. Brad Lawrence, Esterline’s President and Chief Executive Officer, stated that “…this transaction represents a timely and attractive opportunity for Esterline to extend the maturity of its long-term debt, lower overall interest costs, and improve our strategic flexibility, thereby enhancing long-term value for our shareholders.” The Offering is exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”). The notes being offered by Esterline have not been registered under the Securities Act or any state securities laws. Therefore, the notes may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements under the Securities Act and any applicable state securities laws

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Esterline Announces Cash Tender Offer and Consent Solicitation

SOURCE: Esterline Technologies BELLEVUE, WA–(Marketwire – July 19, 2010) –  Esterline Corporation ( NYSE : ESL ) ( www.esterline.com ), a leading specialty manufacturer serving aerospace/defense markets, today announced that it is commencing a cash tender offer and consent solicitation (the “Tender Offer”) pursuant to an Offer to Purchase and Consent Solicitation Statement, dated July 19, 2010, and a related Letter of Transmittal and Consent.  Upon the terms and subject to the conditions described in the Offer to Purchase and the Letter of Transmittal, Esterline is offering to repurchase for cash any and all of its $175 million outstanding 7 3/4% Senior Subordinated Notes due 2013 (the “2013 Notes”) and soliciting consents to certain proposed amendments to the indenture governing such notes to, among other things, eliminate substantially all of the restrictive covenants and certain events of default contained in the indenture governing such notes.  Simultaneously with the Tender Offer, Esterline is commencing a private placement of $200 million aggregate principal amount of senior notes (the “Note Offering”), the net proceeds of which are expected to be used in connection with the Tender Offer to refinance the 2013 Notes.

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WheelTug Announces Partnership With World-Class Landing Gear Team

SOURCE: WheelTug Limited FARNBOROUGH, UK–(Marketwire – July 19, 2010) –  WheelTug Limited, developer of the WheelTug aircraft electric drive system, has retained Endeavor Analysis, LLC, a leading consulting firm on aircraft landing gears, to provide structural and strength analysis work for the landing gear connected to the WheelTug system. The agreement was announced today at the biennial Farnborough Air Show, now underway here.

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Republic Airways Goes Live with GuestLogix Onboard Store Solution on Frontier Airlines Flights

TORONTO, ONTARIO–(Marketwire – July 19, 2010) – GuestLogix, Inc. (TSX:GXI), the leading provider of onboard store technology to the airline industry, today announced that Frontier Airlines, a subsidiary of Republic Airways (NASDAQ:RJET), has fully deployed the GuestLogix onboard store solution to accept credit cards using its point-of-sale handheld devices and transactions platform on all Frontier Airlines flights, including those operated by Chautauqua Airlines and Republic Airlines. GuestLogix is also providing backend inventory controls to manage the movement of physical products onboard

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Open AXIS Group Adds Nine New Allied Members

TORONTO, ONTARIO–(Marketwire – July 16, 2010) – Open AXIS Group announced today that the following organizations have joined ATPCO as Allied Members: AOI Marketing , ARC , Datalex , eNett International , Farelogix , LUTE Technologies AG , Mobiata , PASS Consulting Group , and Radixx International . As Allied Members, these organizations can provide feedback on and participate in the development of the Group’s XML standard. They can also voice their recommendations on future enhancements.  Open AXIS Group’s primary goal is advocacy and promotion of XML as the optimal electronic messaging structure for airline system connectivity used in content distribution. The organization has already established a proven XML schema as the baseline for its standard and will work closely with its members to adopt, promote, enhance and maintain this schema to create a robust industry standard that addresses the needs of both the supply and demand sides of the travel supply chain. “Our focus is on driving forward the creation and adoption of a master XML standard for airline connectivity that enables both messaging and content distribution

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Cheapflights.ca Takes You Camping This Summer

SOURCE: Cheapflights Canada Offers ‘How-To’ Guide on Packing for a Camping Trip and Its List of Top 10 National Parks in Canada and Around the World TORONTO–(Marketwire – July 15, 2010) – Summer time is the dream season for avid campers, especially those living in Canada. While Canada has only a short window of opportunity to go summer camping, there are national parks across the globe that offer exciting outdoor adventures throughout the year. Cheapflights.ca , the online leader in finding and publishing travel deals, has put together its list of Top 10 National Parks in Canada and around the world

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GuestLogix Announces Record Revenue for Second Quarter Fiscal 2010

TORONTO, ONTARIO–(Marketwire – July 15, 2010) – GuestLogix Inc. (TSX:GXI) (“GuestLogix” or the “Company”), the leading global provider of onboard store technology to the passenger travel industry, today announced its operational and financial results for the three- and six-month periods ended May 31, 2010. All amounts are reported in Canadian dollars unless otherwise stated. Q2 Fiscal 2010 Financial Highlights Revenue of $6.4 million, up 39% from $4.6 million in Q2 F2009 and 7% from $6.0 million in Q1 F2010 Revenue in constant currency was $6.8 million for Q2 F2010 (1)   EBITDA (2) of $1.7 million, compared to $1.0 million in Q2 F2009 and $1.8 million in Q1 F2010 Net income of $0.05 million, compared to $0.03 million in Q2 F2009 and $0.3 million in Q1 F2010 Cash and cash equivalents including restricted cash of $12.7 million, compared to $12.1 million as at F2009 year end Q2 Fiscal 2010 Operational Highlights Won contracts with five airlines: three Asia-Pacific-based airlines (one subsequent to quarter end), Aer Lingus and another EMEA airline Extended agreement with existing EMEA-based airline customer and entered into a new five-year contract commencing in Q3 F2010 Completed deployment onboard three airlines: Continental Airline’s regional partner, ExpressJet Airlines, an Asia-Pacific-based air carrier and an EMEA airline Completed deployment onboard trains operated by London Midland and CrossCountry Entered channel partnership with Australia-based in-flight caterer, Alpha Flight Services Signed channel partnership agreement with Hong Kong-based airline retail concessionaire, Inflight Sales Group (ISG) Entered channel partnership with a EMEA-based airline retailer and logistics service provider Signed channel partnership with Asia-Pacific-based airport and airline duty free service provider Received PCI PED version 2.0 certification for Company’s third generation PowerSeller™ point-of-sale handheld Launched OnTouch™ Ads onboard Spirit Airlines and commenced pilot onboard a second U.S.

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All Nippon Airways: Notice Regarding Merger of Consolidated Subsidiaries

SOURCE: All Nippon Airways TOKYO–(Marketwire – July 15, 2010) –  The Company hereby announces that, in a decision made at the meetings of their respective Boards of Directors held on July 15, 2010, four of its consolidated subsidiaries, namely ANA Sales Co., Ltd. (“ASX”), ANA Sales Hokkaido Co., Ltd. (“ASH”), ANA Sales Kyushu Co., Ltd

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Cheapflights.com Salutes National Parks & Recreation Month

SOURCE: Cheapflights.com A ‘How-To’ Guide on Packing for a Camping Trip and Its List of Top 10 National Parks in the US and Around the World BOSTON, MA–(Marketwire – July 14, 2010) –  The National Recreation and Parks Association (NRPA) designates each July as Parks and Recreation Month. With July 2010 marking the 25 th year the nation is celebrating National Parks and Recreation Month, Cheapflights.com , the online leader in finding and publishing travel deals, has put together its list of Top 10 National Parks featuring parks in the US and around the world. Additionally, Cheapflights.com offers the next installment of its ‘ How-To’ Series titled How to Pack for a Camping Trip if You’re Flying

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