10 December 2008

Airbus selects Goodrich wheels and carbon brakes for A350 XWB Aircraft family

Goodrich has been selected by Airbus to supply wheels and carbon brakes for all variants of the A350 XWB family of aircraft. The selection is expected to generate more than $3 billion in revenue over the life of the program. The equipment will be provided by Goodrich’s Aircraft Wheels and Brakes team in Troy, Ohio.

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Paul Theofan new President and Managing Executive of GE Aviation Czech

Paul Theofan has been named president and managing executive of GE Aviation Czech. In this role, Theofan will be responsible for general oversight of Aviation’s Czech business, including the design, manufacturing, marketing and support of Walter Aircraft Engines. Theofan has spent more than 20 years at Unison Industries, which was acquired by GE in 2002.

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UAL raises $150 million on sale leaseback agreement

UAL Corporation announced a sale and leaseback transaction that added approximately $150 million of cash to the company’s unrestricted liquidity. The company sold 15 Boeing 757 aircraft to East Shore Aircraft, LLC, a wholly owned subsidiary of Wayzata Opportunities Fund II, LP, for approximately $150 million. United Airlines will lease these aircraft back from East

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