13 July 2010

Gulfstream International Group reaches settlement with FAA

Gulfstream International Group has reached a final agreement with the Federal Aviation Administration providing for the settlement of certain proposed civil penalties. The agreement calls for the Company to pay $550,000 over a five-year period. The Company has also reached an agreement with Raytheon Aircraft Credit Corporation (“RACC”) to extend its current Lease Amendment and […]

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Eaton Corporation and Shanghai Aircraft Manufacturing to form joint venture

Diversified industrial manufacturer Eaton Corporation and Shanghai Aircraft Manufacturing, a subsidiary of Commercial Aircraft Corporation of China (COMAC), have signed a joint venture agreement to support the COMAC C919 single-aisle commercial aircraft program. The formation of the joint venture, the first for the COMAC enterprise with a foreign company, is subject to regulatory approvals and

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