4 December 2008

TES Aviation Group to increase company's share capital by DVB Bank SE

TES Aviation Group announces an increase in the Company’s share capital by DVB Bank SE as part of an ongoing programme to increase funding facilities of the business for the acquisition of aircraft and engines. Bob James, Managing Director and CEO (Joint) said “We are delighted to see the continued DVB financial commitment to the …

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First President for Rolls-Royce India appointed

Rolls-Royce reported the appointment of Anil Shrikhande as President Rolls-Royce India. Anil will assume leadership of all Rolls-Royce operations and activities in India and South Asia. Prior to joining Rolls-Royce, Anil held a number of executive positions at Boeing, including Vice President, Boeing Integrated Defense Systems and President, Boeing India. His previous roles in India …

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Bombardier announces solid financial results for third quarter

Bombardier reported solid financial results for the third quarter ended October 31, 2008. Revenues increased by 8% to reach $4.6 billion. Earnings before financing income, financing expense and income taxes (EBIT) grew by $114 million to $315 million, compared to an EBIT of $201 million last fiscal year ($269 million before an excess-over-average production cost …

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EADS North America to expand Mobile, Alabama facility

EADS North America will further expand the company’s U.S. industrial presence with the construction of a new 27,000-sq. ft. aircraft maintenance delivery center at the Mobile, Alabama facility of its EADS CASA North America business unit. This $5.6 million facility expansion, located at the Mobile Regional Airport, will provide a modern support, overhaul and modification …

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Panasonic Avionics to supply China Southern with eX2 on A380 aicraft

China Southern Airlines has signed an agreement with the Panasonic Avionics Corporation (Panasonic) to supply eX2 on five A380-800 aircraft with the first deliveries slated to begin in 2009. In addition to this new contract, Panasonic will also supply eX2 on forthcoming Boeing 787s, and has supplied S3000i on China Southern Airlines’ A330-300 since 1993. …

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