20 August 2008

First production Cessna Citation CJ4 completes first flight

Cessna Aircraft Company completed the first flight of the first production Citation CJ4 on August 19th, just more than three months after the CJ4 prototype initially flew on May 5th. The 41-minute flight departed McConnell Air Force Base in east Wichita and completed numerous systems evaluations. The first production aircraft, Serial 0001, will primarily be […]

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Israel Aerospace Industries reports $19 million second quarter net income

Israel Aerospace Industries (IAI) announced a 2008 second quarter income of $19 million, (after a $ 12 million provision for employee-related expenses and recording of accounting losses, in consequence of the strengthening of the NIS vis-a-vis the USD, in an amount of approx. $ 36 million), as compared with $ 14 million for the second

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Global Aircraft Solutions sells second 737-200 aircraft to Pamir Airways

Global Aircraft Solutions has finalized an agreement to sell a second 737-200 aircraft to Pamir Airways for a fixed price of $2,350,000, of which $2,100,000 has been received, including a previously announced non-refundable deposit of $500,000. This aircraft will be delivered with over $700,000 in new maintenance services, including fresh paint, a fresh heavy maintenance

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Cyclone to supply Boeing F-15 components valued at $31 million

Elbit Systems announced that its subsidiary, Cyclone Aviation Products has been awarded a contract by The Boeing Company valued at approx. $31 million to supply structural components for its F-15 fighter jets. The contract calls for the supply of external fuel tanks, pylons, horizontal stabilizers and gun access doors. Deliveries are scheduled between 2009 and

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