30 January 2009

SAS and investor group from Catalonia reach definitive agreement on Spanair sale

The SAS Group has reached a definitive agreement with a group of investors from Catalonia, led by the Consorci de Turisme de Barcelona (the “Consorci”) and Catalana d’Inciatives (“Inciatives”), whereby the group of investors will acquire a majority stake in SAS’ subsidiary Spanair S.A. for a cash consideration of EUR 1. Following the transaction, SAS …

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Goodrich appoints President, Engine Components

Goodrich Corporation has appointed Daphne Falletti as President of its Engine Components business unit. Falletti, formerly vice president of Airbus programs for Goodrich’s Aerostructures business, will report to Jack Carmola, Segment President, Actuation and Landing Systems. Falletti replaces Bob Yancey who now leads Goodrich’s Engine Control and Electrical Power Systems business unit.

Production resumes on Boeing 787 Dreamliners with fifth flight-test airplane

Production of Boeing 787 Dreamliners resumed January 29th with the join of the fifth airplane designated for flight test. This airplane, designated ZA005, is the first to be powered with General Electric GEnx engines. The major assemblies were loaded in final body join over the past several days. The fuselage and wing joins occur simultaneously. …

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JAL conducts demonstration flight using sustainable biofuel

Japan Airlines (JAL) became the first airline to conduct a demonstration flight using a sustainable biofuel primarily refined from the energy crop, camelina. It was also the first demo flight using a combination of three sustainable biofuel feedstocks, as well as the first one using Pratt & Whitney engines. The results of the flight are …

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Honeywell 2008 full-year sales up 6%, earnings per share up 19%

Honeywell reported that full-year 2008 sales increased 6% to $36.6 billion from $34.6 billion in 2007. Earnings per share were up 19% to $3.76 versus $3.16 in the prior year. Cash flow from operations was $3.8 billion and free cash flow (cash flow from operations less capital expenditures), excluding cash taxes relating to the sale …

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Regional Aircraft reports strong portfolio and support performance in 2008

BAE Systems Regional Aircraft stated that its lease portfolio and support businesses remained strong in 2008, despite the difficult economic climate. During 2008 the Asset Management team of Regional Aircraft placed 75 aircraft through new leases, extensions with existing customers and sales. The Avro RJ portfolio remained strong in Europe, but is also finding favour …

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