BOC Aviation reported profit after tax for the financial year ended 31 December 2009 of $137 million, an increase of 28% over the previous record of $107 million achieved in 2008. Total assets as at 31 December 2009 were $5.8 billion, up by 61% compared to a year earlier.
BOC Aviation achieves net profit of $137 million in 2009 Read More »
For Volvo Aero, sales during the first quarter decreased by 6% to SEK 1,910 million, compared to SEK 2,030 M the same period a year ago, mainly due to currency effects. Adjusted for currency fluctuations, sales increased by 5%. Operating income amounted to SEK 152 million, higher than SEK 83 million in the corresponding period
Volvo Aero reports improved results for first quarter Read More »
Honeywell announced first quarter 2010 sales were up 3% to $7.8 billion versus $7.6 billion in 2009. Excluding non-cash pension expense, earnings were up 21%. Cash flow from operations was $743 million versus $341 million in the first quarter of 2009 and free cash flow (cash flow from operations less capital expenditures) was up 190%
Honeywell reports first quarter sales up 3% Read More »
Bombardier Aerospace has delivered its first Learjet 60 XR and Challenger 850 jets to customers based in mainland China on March 5 and March 26, 2010, respectively. China is among a number of countries identified as emerging markets for business aviation. Globalization, increased travel requirements by business people and a general positive trend towards the
First Learjet 60 XR and Challenger 850 Jets delivered to China Read More »
Cathay Pacific Airways took delivery of its 75th airplane, purchased directly from Boeing, a 777-300ER (Extended Range). The new airplane expands the airline’s 777 fleet to 34 airplanes, which include 12 777-300s and five 777-200s. Including leased airplanes and those purchased directly from Boeing, the airline also operates 48 747-400 airplanes in both passenger and
Boeing delivers Cathay Pacific Airways' 75th Airplane Read More »
The F414 turbofan engine powered the ‘Green Hornet,’ an F/A-18 Super Hornet fueled by a 50/50 biofuel blend, marking the first time a United States Navy (USN) fighter had taken to the skies with a non-petroleum fuel source. Prior to flight testing, GE ran more than 500 hours of component tests and close to 20
GE powers "Green Hornet" to successful flight Read More »
GE Aviation celebrated the grand opening of its Greenville facility on April 19. The business confirmed its commitment to the state of South Carolina with plans to add 100 jobs by 2013 and invest $30 million in the new facility. The $30 million investment covers new equipment for the 150,000-square-foot facility located in the Matrix
GE Aviation opens Airfoils Factory in Greenville, South Carolina Read More »
Finnair Technical Services and complete aircraft spares specialist, A J Walter Aviation, have signed a contract for MD11 component support. Finnair has been operating this aircraft type for several years now and is already actively supporting third party operators. For AJW this is a first step in MD11 support and builds on another contract signed
A J Walter Aviation adds MD11 to aircraft support capability Read More »
Aircell announced the promotion of John Wade to Executive Vice President and General Manager, Business Aviation Services.
Aircell promotes John Wade to Executive Vice President Read More »
Ameco Beijing and Great Wall Airlines signed a contract to provide heavy maintenance services on two Boeing 747-400 freighters. Ameco Beijing will perform 3C check and 1D check on the two freighters respectively. The first aircraft plans to enter Ameco facility in early May and the second will come in Middle of July. Great Wall
Ameco Beijing wins Great Wall Airlines heavy maintenance deal Read More »
