Vought Aircraft Industries, reported financial results for its fourth quarter and year ending Dec. 31, 2007. Revenue for the three months ended Dec. 31, 2007 was $394.9 million, a decrease of $22.7 million or 5%, compared with revenue of $417.6 million for the same period last year. Increased commercial and business jet revenue resulting from …
Vought reports net income of $46.3 million for 2007 Read More »
In the maintenance, repair and overhaul (MRO) market for commercial aircraft the Lufthansa Technik Group reports a 6.7% rise in external revenues and pre-tax earnings of 287 million euros in 2007. This represents an increase of 18.6% over the previous year. The current Annual Report shows a total revenue of 3.6 billion euros for the …
Lufthansa Technik increases sales and profit in 2007 Read More »
Effective June 2, Sean O’Keefe will head GE Aviation’s Washington D.C. operations, replacing Dr. Thomas Cooper, who is retiring after serving in the role with distinction for 21 years. Over the past 30 years, O’Keefe has held key U.S. Government positions in Washington, including NASA Administrator (2001-2005), Deputy Director and Deputy Assistant to the President …
Sean O'Keefe to head GE Aviation's Washington D.C. operations Read More »
The GEnx-2B engine that will power the new Boeing 747-8 airplane demonstrated 70,950 lbs. of takeoff thrust during ground testing on March 12th, at GE’s outdoor testing facility in Peebles, Ohio. Ground testing on the GEnx engine began with idle runs on February 29 and reached 70,950 lbs. of standard day sea-level takeoff thrust on …
GE's GEnx-2B engine achieves 70,000 Lbs. takeoff thrust in first test Read More »
The Government of Iraq has placed a firm order for six CRJ900 NextGen airliners which will be used for civilian airline services in Iraq. The transaction includes options on an additional four CRJ900 NextGen aircraft. Based on the list price for the CRJ900 NextGen aircraft, the value of the firm contract is approximately $239 million. …
Government of Iraq orders six CRJ900 NextGen airliners Read More »
In its latest Global Market Forecast (GMF) Airbus predicts that the Russian airlines will need more than 900 passenger aircraft over the next 20 years in response to the strong growth in this market. The Russian passenger aircraft fleet of 100 seats or more is expected to grow strongly from 528 aircraft in service in …
More than 900 aircraft will be needed within next 20 years in Russia Read More »
Babcock & Brown Air Limited has acquired five additional aircraft, increasing its portfolio to a total of 59 acquired and committed aircraft. The five new aircraft include: — One Airbus A319-112 on lease to Virgin America (US) — One Airbus A330-200 on lease to LTU (Germany) — Two Boeing 757-200s on lease to Icelandair (Iceland) …
Spirit AeroSystems announced Gulfstream Aerospace Corporation as the customer for one of its previously awarded business jet contracts. Spirit’s contract to design, produce, and integrate a flight-ready wing for the Gulfstream G650 Business Jet is worth in excess of $1 billion. Spirit won the contract through a global competitive bid process. The company will utilize …
Spirit AeroSystems designs and manufactures wing for new G650 Read More »
Goodrich’s Landing Gear team will provide the main and nose landing gear, Goodrich Interiors will supply the jet’s flight deck observer seats and the Goodrich Engine Control Systems team will provide the Full Authority Digital Engine Control (FADEC) system, comprising an electronic engine control, fuel metering unit, fuel pump and engine actuation for the Rolls-Royce …
Goodrich to provide advanced systems and components for new Gulfstream Read More »
