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Dassault Falcon Focuses on the Growing Market in India as the Company Strengthens its Position in Emerging Markets Worldwide

BANGALORE, India, February 4, 2011 — Dassault Falcon is presenting its Falcon fleet of large cabin, long range business jets at Aero India 2011, starting on February 9th in Bangalore. The Falcon range of aircraft will be on display alongside the Dassault Rafale fighter, which will perform in the air display. Dassault Falcon’s share of the Indian market is strong and growing as the benefits of business aviation are recognized by an increasing number of Indian companies and private owners. Private investment in India’s aviation infrastructure and support by the Indian authorities are making this dynamic market even more attractive.

Dassault Falcon currently has over 60% share of the Indian market for large cabin/long range aircraft and is rapidly consolidating its position with an increase in local customer support and parts services. An Authorized Service Center is also under consideration, in addition to the existing Dassault liaison office in New Delhi which serves both the Indian military and Falcon operators.
More than 20 Falcon aircraft are currently operating from airports in Delhi, Mumbai, Bangalore and Hyderabad. Another 15 aircraft are on order for delivery to Indian customers within the next two years. Almost half of the new aircraft orders are for the Dassault flagship Falcon 7X, the first business jet certified with a fully-digital flight control system.

In 2010, Dassault Falcon reinforced its position in key markets such as India and South America – where the company has the largest market share in its segments – and Asia, specifically China, where aircraft sales are growing quickly. In India, Dassault built its reputation for advanced technology and efficient aircraft from its first military sales. Today, the Indian military operates 50 Mirage fighters. In the business aviation sector, Dassault Falcon’s success has been driven by new models with exceptional performance, comfort and fuel economy such as the Falcon 2000LX and the Falcon 7X.

“We have been encouraged about the potential for long term growth in business aviation in India,” said John Rosanvallon, President and CEO of Dassault Falcon. “Business jets are now seen in the region as a powerful tool to enable quick and convenient access to customers within the country, and worldwide. The dramatic growth of the economy and the experience of travelling on commercial airlines have all contributed to the expansion of the market over the last few years. The worldwide crisis did not impact our regional sales as severely, and the second half of 2010 was much active for us.”

The performance of the Falcon fleet is especially valued in India, where short airfields, elevated runways and high temperatures are common. The Falcon aircraft are also more economical to operate and more environmentally responsible than any other large cabin aircraft. Their efficient design and technological optimization means less weight, 20-60% less fuel consumption and lower emissions than other airplanes in their class.

Dassault Falcon aircraft are very well suited to the Indian customer, offering long range – the Falcon 7X can connect Mumbai to Cape Town, Bangalore to the challenging London City Airport in the heart of the City and is the only jet in its category to meet the demanding performance requirements of the airport with its steep approach and noise restrictions.

“With their exceptional performance and fuel efficiency, I have no doubt that the Falcon fleet is positioned for long term success in the region and that we will maintain a high level of market share, ” concluded John Rosanvallon.

To support its growing fleet in India and the increased number of transient airplanes, Falcon Customer Service has based a Customer Service Manager and opened a spares distribution center with DHL in Mumbai. Dassault Falcon has already authorized service centers nearby in Dubai, Jeddah and Singapore.

About Dassault Falcon
Dassault Falcon is responsible for selling and supporting Falcon business jets throughout the world. It is part of Dassault Aviation, a leading aerospace company with a presence in over 70 countries across five continents. Dassault Aviation produces the Rafale fighter jet as well as the complete line of Falcon business jets. The company has assembly and production plants in both France and the United States and service facilities on multiple continents. It employs a total workforce of over 12,000. Since the rollout of the first Falcon 20 in 1963, 2,000 Falcon jets have been delivered to 67 countries worldwide. The family of Falcon jets currently in production includes the tri-jets-the Falcon 900EX, 900LX, and the 7X-as well as the twin-engine 2000LX.

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    ICAO Press Release: Safety Conference

    FOR IMMEDIATE RELEASE
    STRONG CONSENSUS REACHED AT ICAO SAFETY CONFERENCE ON WAYS TO REDUCE ACCIDENTS
    MONTREAL, 1 April 2010 – A High-Level Safety Conference which concluded today established a strong mandate for the International Civil Aviation Organization (ICAO) to create a strategy to further reduce the global accident rate, through the sharing of safety-related information among Member States and the air transport industry.

    More than 600 participants at the four-day event, attended by Ministers and Directors General of Civil Aviation from 150 Member countries as well as industry representatives, recommended that ICAO create a global safety information exchange to enable analysis of key safety indicators. This will guide future strategic decisions related to the evolution of today’s air transportation system. The Conference called upon ICAO to facilitate the collection, analysis and dissemination of safety information provided by States and industry partners, throughout the international aviation community.

    The Conference further recommended that ICAO develop processes to give the general public access to relevant safety information, thereby allowing them to make an informed decision about the safety of air transportation and to further ensure that such information is used solely to improve aviation safety and not for retribution or the purpose of gaining economic advantage.

    “We have traditionally focused our efforts on accident reports as a means to improve safety. This new approach will help us to better identify and deal with safety threats before they result in accidents”, said Roberto Kobeh González, President of the Council of ICAO.

    “Regulators and industry must come to manage safety-critical information in the same way that they view accidents. Both must become triggers for action in preventing accidents,” he added.

    On Tuesday, ICAO, the Federal Aviation Administration of the United States (FAA), the Commission of the European Union (EC) and the International Air Transport Association (IATA) signed a Declaration of Intent on the development of a global safety information exchange agreement.

    In the months to come, the parties will establish an operational framework for the information exchange. It will address technical, confidentiality, legal and policy implications, as well as the relevance and timing of information collected.

    “ICAO has long promoted the concept of information sharing on a global scale so as to connect the various databases of regulators and industry. The recommendation from the Conference and the Declaration of Intent represent a breakthrough in achieving our objective of better utilizing data to reduce the accident rate globally and in specific regions and States around the world,” Mr. Kobeh emphasized.

    On the question of black boxes, the Conference recommended that ICAO look into technical enhancements that would improve the ability to locate and recover the units, such as longer time periods for signals, better resistance to crashes and floatability.

    “While the electronic transmission of information during flights is progressively improving, black boxes will remain absolutely indispensable for years to come as the primary source of technical data in cases of accidents or incidents,” Mr. Kobeh said.

    The Conference also called on States and industry to ensure improved communication and surveillance of flights over oceanic and remote areas through the use of all available technologies.

    Reaffirming the fundamental mission of ICAO to ensure the safety of international civil aviation, the Conference endorsed the creation of a new Annex to the Convention on International Civil Aviation, one dedicated exclusively to safety management principles.

    Recommendations from the Conference will be submitted to the Council of ICAO for consideration in the coming weeks.

    – END –

    PIO.04.10.ENGLISH PIO.04.10.FRENCH PIO.04.10.SPANISH PIO.04.10.RUSSIAN PIO.04.10.ARABIC PIO.04.10.CHINESE

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    Sharing of Information highlight of second day of Safety Conference
    March 30, 2010 — oacicomm
    On the second day of the High-level safety Conference, the more than 600 participants from some 150 ICAO Member States and industry unequivocally endorsed the twin concepts of transparency and sharing of safety-related information among States and with major stakeholders within the global aviation community, as well as with the general public.

    There was agreement that ICAO should be the body charged with coordinating the integration of the safety information provided by the international community as well as for the dissemination of safety intelligence. To that end, ICAO would convene a group of experts to define and harmonize safety metrics, associated data requirements and analysis processes.

    ICAO would also develop a code of conduct on the sharing of safety information, so as to ensure that such information is used solely to improve aviation safety and not for retribution or the purpose of gaining economic advantage.

    Processes would be developed to provide the general public with access to relevant safety information which would allow them to make an informed decision about the safety of air transportation.

    Recommendations on these and other items will be reviewed and approved on the final day of the Conference, Thursday, 1 April. Recommendations will subsequently be submitted to the ICAO Council for consideration in the coming weeks.

    Earlier in the Conference, in line with the discussions on the sharing of information as a means to improve aviation safety levels around the world, ICAO and three other State and industry parties signed a Declaration of Intent on the Development of a Global Safety Information Exchange Agreement: the Federal Aviation Administration of the United States (FAA); the Commission of the European Union (EC); and the International Air Transport Association (IATA).

    In the weeks to come, representatives of the signatories will produce a work plan incorporating the following activities and concepts: identification of the safety information gathered by the Participants that would be most relevant to the enhancement of risk reduction activities; identification of the legal or policy constraints, if any, on the ability of Participants to share this information among the parties and development of mechanisms to overcome these constraints; identification of the appropriate timing of that information sharing; development of an efficient mechanism to ensure that this information is used to generate safety intelligence and identify critical safety trends in a timely fashion; development of policies and procedures to safeguard proprietary, confidentially submitted, and/or personal information in line with relevant applicable privacy laws, data sharing policies and regulations standardization of aspects of the audit metrics, data taxonomies etc, to maximize effective utilization of the safety information gathered in this process; and determination of how to disseminate this information globally as appropriate.

    Tomorrow the conference will discuss the creation of a new Annex to the Convention on International Civil Aviation, one dedicated to safety processes.

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    Qatar Airways Takes Delivery of Boeing 777 Freighter

    EVERETT, Wash., May 19 / — The first Boeing (NYSE: BA) 777 Freighter to enter Qatar Airways’ fleet completed a 16-hour flight from Boeing’s Everett, Wash., Delivery Center to Doha, Qatar, and has been placed into service. The airplane was delivered May 14.

    “The 777 Freighter will expand on the great track record that Qatar Airways’ 777 passenger airplanes have established,” said Marlin Dailey, vice president of Sales for Boeing Commercial Airplanes. “The airplane’s proven economics and efficiencies will provide Qatar, already a respected leader in the aviation industry, with a significant advantage in the air cargo market.”

    Qatar Airways ordered three 777 Freighters in May 2006, for deployment on Far East and European routes.

    The 777 Freighter’s entry into service has been very successful, with a dispatch reliability of 99.1 percent since entering service in February 2009. Qatar Airways’ 777 Freighter is the 23rd delivery overall.

    The 777 Freighter is the world’s longest-range twin-engine freighter and features the lowest trip cost of any large freighter. It features a payload capability of 225,200 pounds (102 metric tons), a range of 4,900 nautical miles (9,070 kilometers) and 10-foot (3.1-meter) interior height capability.

    The 777 Freighter is powered by General Electric’s GE90-110B1L/115BL and meets QC2 noise standards. Twelve customers have ordered a total of 73 777 Freighters.
    Qatar Airways currently operates 17 passenger 777s.

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    Boeing Conducts Test Flight

    ST. LOUIS, May 26, 2010 — The Boeing Company [NYSE: BA] successfully flew its ScanEagle Compressed Carriage (SECC) unmanned airborne system (UAS) at a testing facility in eastern Oregon on May 12. The 75-minute flight evaluated the aircraft’s airworthiness and flight characteristics in a simulated intelligence, surveillance and reconnaissance (ISR) mission.

    The SECC — powered by a six-horsepower, heavy-fuel engine — was launched from a ground vehicle, flew an autonomous flight plan at various altitudes and provided streaming video from its electro-optical/infrared sensor package to a nearby ground station. The SECC was recovered using the same runway-independent SkyHook recovery system used by the ScanEagle and Integrator unmanned airborne systems. The SECC system will complete additional tests in the coming months.

    “This is a big step toward adding another aircraft with additional capabilities to Boeing’s UAS stable,” said Ron Perkins, director of Boeing Phantom Works’ Advanced Unmanned Airborne Systems. “The vehicle’s 132-inch wingspan and folding aero surfaces allow it to be carried on an aircraft pylon or in a container, giving the warfighter the choice of operating it from air, underwater, ground or surface platforms.”

    The SECC is a long-endurance, autonomous UAS designed to provide ISR, targeting, and battle-damage assessment.

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  • Press Release: NTSB issues update on its investigation of Flight 188 that overflew intended Minneapolis Airport

    In its continuing investigation of an Airbus A320 that overflew the Minneapolis-St Paul International/Wold-Chamberlain Airport (MSP), the National Transportation Safety Board has developed the following factual information: On Wednesday, October 21, 2009, at 5:56 pm mountain daylight time, an Airbus A320, operating as Northwest Airlines (NWA) flight 188, became a NORDO (no radio communications) flight at 37,000 feet. The flight was operating as a Part 121 flight from San Diego International Airport, San Diego, California (SAN) to MSP with 144 passengers, 2 pilots and 3 flight attendants.

    Both pilots were interviewed separately by NTSB investigators yesterday in Minnesota. The following is an overview of the interviews:

    The first officer and the captain were interviewed for over 5 hours combined.
    The Captain, 53 years old, was hired in 1985. His total flight time is about 20,000 hours, about 10,000 hours of A-320 time of which about 7,000 was as pilot in command.
    The First Officer, 54 years old, was hired in 1997. His total flight time is about 11,000 hours, and has about 5,000 hours on the A-320.
    Both pilots said they had never had an accident, incident or violation.
    Neither pilot reported any ongoing medical conditions.
    Both pilots stated that they were not fatigued. They were both commuters, but they had a 19-hour layover in San Diego just prior to the incident flight. Both said they did not fall asleep or doze during the flight.
    Both said there was no heated argument.
    Both stated there was a distraction in the cockpit. The pilots said there was a concentrated period of discussion where they did not monitor the airplane or calls from ATC even though both stated they heard conversation on the radio. Also, neither pilot noticed messages that were sent by company dispatchers. They were discussing the new monthly crew flight scheduling system that was now in place as a result of the merger. The discussion began at cruise altitude.
    Both said they lost track of time.
    Each pilot accessed and used his personal laptop computer while they discussed the airline crew flight scheduling procedure. The first officer, who was more familiar with the procedure was providing instruction to the captain. The use of personal computers on the flight deck is prohibited by company policy.
    Neither pilot was aware of the airplane’s position until a flight attendant called about 5 minutes before they were scheduled to land and asked what was their estimated time of arrival (ETA). The captain said, at that point, he looked at his primary flight display for an ETA and realized that they had passed MSP. They made contact with ATC and were given vectors back to MSP.
    At cruise altitude – the pilots stated they were using cockpit speakers to listen to radio communications, not their headsets.
    When asked by ATC what the problem was, they replied “just cockpit distraction” and “dealing with company issues”.
    Both pilots said there are no procedures for the flight attendants to check on the pilots during flight.
    The Safety Board is interviewing the flight attendants and other company personnel today. Air traffic control communications have been obtained and are being analyzed. Preliminary data from the cockpit voice recorder (CVR) revealed the following:

    The CVR recording was 1/2 hour in length.
    The cockpit area microphone channel was not working during this recording. However, the crew’s headset microphones recorded their conversations.
    The CVR recording began during final approach, and continued while the aircraft was at the gate.
    During the hours immediately following the incident flight, routine aircraft maintenance provided power to the CVR for a few minutes on several occasions, likely recording over several minutes of the flight.
    The FDR captured the entire flight which contained several hundred aircraft parameters including the portion of flight where there was no radio communication from the flight crew. Investigators are examining the recorded parameters to see if any information regarding crew activity during the portion of flight where radio contact was lost can be obtained.

    The Safety Board’s investigation continues.

    -30-

    NTSB Media Contact: Keith Holloway
    hollowk@ntsb.gov
    (202) 314-6100

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    Southwest Airlines to Acquire AirTran; Spreading Low Fares Farther

    DALLAS, Sept 27, 2010

    Southwest Airlines (NYSE: LUV) announced today that it has entered into a definitive agreement to acquire all of the outstanding common stock of AirTran Holdings, Inc. (NYSE: AAI), the parent company of AirTran Airways (AirTran), for a combination of cash and Southwest Airlines’ common stock.

    At Southwest Airlines’ closing stock price of $12.28 on September 24, 2010, the transaction values AirTran common stock at $7.69 per share, or approximately $1.4 billion in the aggregate, including AirTran’s outstanding convertible notes. This represents a premium of 69 percent over the September 24, 2010 closing price of AirTran stock. Under the agreement, each share of AirTran common stock will be exchanged for $3.75 in cash and 0.321 shares of Southwest Airlines’ common stock, subject to certain adjustments, based on Southwest Airlines’ share price prior to closing. Including the existing AirTran net indebtedness and capitalized aircraft operating leases, the transaction value is approximately $3.4 billion.

    The agreement has been unanimously approved by the boards of directors of each company, and closing is subject to the approval of AirTran stockholders, receipt of certain regulatory clearances, and fulfillment of customary closing conditions.

    “Today is an exciting day for our Employees, our Customers, the communities we serve, and our Shareholders,” said Gary C. Kelly, Chairman, President, and CEO of Southwest Airlines. “As we approach our 40th Anniversary of providing exceptional Customer Service at everyday low fares, the acquisition of AirTran represents a unique opportunity to grow Southwest Airlines’ presence in key markets we don’t yet serve and takes a significant step towards positioning us for future growth.

    “This acquisition creates more jobs and career opportunities for our combined Employee groups, as a whole. It allows us to better respond to the economic and competitive challenges of our industry, and fits perfectly within our strategy for our fifth decade of service. It offers Customers more low-fare destinations as we extend our network and diversify into new markets, including significant opportunities to and from Atlanta, the busiest airport in the U.S. and the largest domestic market we do not serve, as well as Washington, D.C. via Ronald Reagan National Airport. The acquisition also allows us to expand our presence in key markets, like New York LaGuardia, Boston Logan, and Baltimore/Washington. It presents us the opportunity to extend our service to many smaller domestic cities that we don’t serve today, and provides access to key near-international leisure markets in the Caribbean and Mexico. Finally, this accelerates our goal to boost profits and achieve our financial targets.”

    The acquisition will significantly expand Southwest Airlines’ low-fare service to many more Customers in many more domestic markets, creating hundreds of additional low-fare itineraries for the traveling public. Moreover, the expansion of low fares should generate hundreds of millions in annual savings to consumers. Based on an economic analysis by Campbell-Hill Aviation Group, LLP*, Southwest Airlines’ more expansive low-fare service at Atlanta, alone, has the potential to stimulate over two million new passengers and over $200 million in consumer savings, annually. These savings would be created from the new low-fare competition that Southwest Airlines would be able to provide as a result of the acquisition, expanding the well-known “Southwest Effect'” of reducing fares and stimulating new passenger traffic wherever it flies.

    “Both companies have dedicated people with kindred Warrior Spirits, who care about each other, and who care about serving Customers. We will continue to build upon our outstanding Customer experiences, strong and unique Cultures, and award-winning, safe operations,” said Kelly. “We believe this acquisition can benefit all Stakeholders. Ultimately, we are very excited to spread low fares farther and look forward to working together with AirTran to realize the new opportunities and benefits we expect to derive from this combination.”

    Bob Fornaro, AirTran Airways’ Chairman, President and CEO said, “This agreement is great news for our Crew Members, our shareholders, our customers and the communities we serve. Joining Southwest Airlines will give us opportunities to grow, both professionally as individuals and as a group, in ways that simply would not be possible without this agreement. This agreement with Southwest is a testament to the success and hard work of the more than 8,000 AirTran Crew Members who have built this airline. I am tremendously proud of the things we have accomplished together and look forward to continuing that great work during this next exciting chapter of our history.”

    AirTran revenues and operating income, excluding special items, for the twelve months ending June 30, 2010, were $2.5 billion and $128 million, respectively. Southwest Airlines revenues and operating income, excluding special items, for the twelve months ending June 30, 2010, were $11.2 billion and $843 million, respectively. The proposed transaction, including the anticipated benefit of net synergies, but excluding the impact of one-time acquisition and integration costs, is expected to be accretive to Southwest Airlines pro forma fully-diluted earnings per share in the first year after the close of the transaction and strongly accretive thereafter. Net annual synergies are expected to exceed $400 million by 2013. One-time costs related to the acquisition and integration of AirTran are expected to be in the range of $300 million to $500 million.

    As of June 30, 2010, the combined unrestricted cash and short-term investments of the two companies was $3.7 billion. Southwest Airlines intends to fund approximately $670 million in cash consideration for the transaction out of cash on hand. Since June 30, Southwest’s cash and short-term investments balance has increased from $3.1 billion to $3.3 billion. In addition, Southwest Airlines has a fully available, unsecured revolving credit facility of $600 million.

    Based on current operations, the combined organization would have nearly 43,000 Employees and serve more than 100 million Customers annually from more than 100 different airports in the U.S. and near-international destinations. In addition, the combined carriers’ all-Boeing fleet consisting of 685 active aircraft would include 401 Boeing 737-700s, 173 Boeing 737-300s, 25 Boeing 737-500s, and 86 Boeing 717s, with an average age of approximately 10 years, one of the youngest fleets in the industry. Southwest Airlines also announced, previously, that it is evaluating the opportunity to introduce the Boeing 737-800 into its domestic network to complement its current fleet, providing opportunities for longer-haul flying and service to high-demand, slot-controlled, or gate-restricted markets. This acquisition supports Southwest Airlines’ evaluation of the Boeing 737-800.

    Until closing, Southwest Airlines and AirTran will continue to operate as independent companies. After closing, Bob Fornaro will continue to be involved in the integration of the two companies. Southwest Airlines plans to integrate AirTran into the Southwest Airlines Brand by transitioning the AirTran fleet to the Southwest Airlines livery, developing a consistent Customer Experience, and consolidating corporate functions into its Dallas headquarters. Subject to receipt of necessary approvals, Southwest Airlines’ integration plans include transitioning the operations of the two carriers to a Single Operating Certificate. Plans for existing AirTran facilities will be developed by integration teams and decisions will be announced at appropriate times. The carriers’ frequent-flyer programs will be combined over time, as well.

    Terms of the Agreement

    Under the agreement, each share of AirTran common stock will be exchanged for $3.75 in cash and 0.321 shares of Southwest Airlines’ common stock, subject to certain adjustments. The number of shares to be issued by Southwest Airlines is subject to adjustment if the average of Southwest Airlines closing prices for the 20 trading days ending three trading days prior to closing is below $10.90 or above $12.46. This adjustment mechanism is intended to provide at least $7.25 in value and up to $7.75 in value per share of AirTran common stock. If the average closing price noted above exceeds $12.46, the value will be $7.75 with fewer shares of Southwest common stock issued. If the average closing price noted above is less than $10.90, the value will be $7.25 with additional shares of Southwest common stock issued. Additionally, Southwest Airlines has the option of substituting cash in lieu of issuing incremental shares if the average closing stock price is less than $10.90. Assuming an exchange ratio of 0.321 and the conversion of AirTran’s outstanding convertible notes, AirTran stockholders would receive approximately 57 million shares of Southwest Airlines common stock, which represents approximately seven percent of the pro forma Southwest Airlines common shares outstanding, as well as approximately $670 million in cash.

    Citigroup Global Markets Inc. and Dahlman Rose & Company acted as financial advisors to Southwest Airlines. Vinson & Elkins L.L.P. acted as legal counsel to Southwest Airlines.

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  • Continental Pilots Mark Anniversary of Contract Amendable Date without a New Contract

    Release #09.CAL3
    December 28, 2009

    HOUSTON, TEXAS—On Dec. 31, 2009, Continental pilots will see another year pass without a new contract in place. The current concessionary agreement that helped keep Continental out of bankruptcy was signed in April 2005 and became amendable on Dec. 31, 2008. However, the Continental pilots, represented by the Air Line Pilots Association, Int’l (ALPA), have been negotiating a successor agreement since July 2007, when the union and Continental management agreed to open discussions early. Since that time, the parties have reached tentative agreements on only nine of 32 sections of the contract. Most recently, the union presented a comprehensive proposal to management on Dec. 9, 2009, bringing all remaining sections of the contract to the table, most notably those dealing with economic issues such as pay, work rules and benefits.

    Says Captain Jay Pierce, union leader of the Continental pilots, “When we gave our proposal to management on Dec. 9, it was an important step forward. Everything is now on the table. We are looking forward to seeing how our new CEO, Mr. Jeff Smisek, will assess the value of Continental pilots and the significant contributions we’ve made to help our airline.

    “Our pilots have given over $200M to Continental each year through cuts in pay, benefits and work rules under our current agreement. Our proposal reflects the significant level of sacrifice made by our pilots and their families and the need to rebalance the equation. As we renew our negotiating efforts in 2010, we expect management to recognize the fact that improvements in our contract are long overdue.”

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