November 23, 2011

GKN Aerospace to establish new aerospace assembly facility in South Carolina

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GKN Aerospace announced the company’s intention to establish a new aerospace components assembly facility in Orangeburg, South Carolina, USA. The new GKN Aerospace facility will perform assembly operations for the recently-awarded production contract for the HondaJet, (announced 11/14/11) the development work for which is currently performed at the company’s Alabama facility. This work will involve assembly […]

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Sikorsky to lay off 3% of US workforce

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Sikorsky Aircraft says it will lay off 3% of its workforce because of the weak economy and anticipated cuts in the Defense Department budget. Sikorsky, a subsidiary of United Technologies, announced already in September that it intends to trim its worldwide workforce of 18,000 by about 540 jobs to remain competitive.

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787 Dreamliner to begin six-month Dream Tour

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Boeing soon will begin a six-month Dream Tour with its all-new 787 Dreamliner. Customers and partners around the world will experience the revolutionary technology and passenger innovation offered on the first new airplane of the 21st century. The December schedule for the 787 Dream Tour includes six stops in Asia, Africa and the Middle East. The

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TAM MRO renews certificate from Bermudas' aeronautical authority

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TAM MRO, TAM’s maintenance unit located close to São Paulo, has renewed its certificate to provide services to airplane components and on aircraft registered on the Bermudas, a British overseas territory in the North Atlantic. The new authorization from the BDCA (Bermuda Department of Civil Aviation), the country’s aviation authority, is valid until March 2013.

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Malaysia Airlines reports loss for 3Q 2011

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Despite recording a 5% higher revenue of RM3,565m compared to RM3,400m in the previous quarter, Malaysia Airlines announced a net loss of RM478m for the third quarter of 2011 ended 30 September 2011. This was attributed to higher fuel costs and unrealized foreign exchange losses from outstanding USD borrowings. The cumulative year-to-date net loss for

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EL AL reports 2nd quarter net loss of $19.7m

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El Al released that revenues for the 2nd quarter of 2011 grew by about 6%, to $530.5m. The 47% increase in the price of aviation fuel, and the 9% increase in the value of the shekel in comparison to the dollar, increased the Company’s costs by about $80m before hedging, compared to the parallel quarter

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AirAsia's 3rd quarter net profit down

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AirAsia released that net profit for the 3rd quarter fell 53% to 152.3m ringgit from 327.3m for the same period last year. Revenue rose 9.9% to 1.08bn ringgit from 979.7m last year, aided by an 8.0% rise in passengers, but fuel expenses rose 45% to 421.2m and staff costs rose 38% to 126.3m. AirAsia announced that based on forward booking trends,

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Aviointeriors delivers TRANSAERO's first B777

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After only 7 months Aviointeriors has delivered TRANSAERO’s 1st B777 equipped with their glamourous Imperial First Class, Business, Premium Economy and Economy class seats. TRANSAERO’s Excecutive Director, Alex Krinichanskiy, commented: “I am extremely satisfied with Aviointeriors’ performances given the challenging A/C ODD”. Aviointeriors will shortly complete an on-site unit in Moscow, available 24/7 to guarantee

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CAE, InterGlobe and Airbus break ground on new pilot and maintenance training centre in Delhi, India

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CAE, InterGlobe Enterprises, and Airbus held a ground breaking ceremony for a new pilot and maintenance technician training centre in Delhi, India’s National Capital Region. The CAE-Interglobe joint venture is expected to start offering pilot and maintenance training solutions in 2013 and will eventually be able to train up to 5,000 pilots and technicians annually

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Astraeus Airlines ceased operations