20 November 2012

Spirit AeroSystems President and CEO intents to retire in early 2013

Spirit AeroSystems reported that its President and Chief Executive Officer, Jeffrey L. Turner has advised its Board of his intention to retire in early 2013, after the Board has had an opportunity to conduct a search for and hire a new CEO. Turner will continue to serve as President and CEO until his successor takes […]

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AviancaTaca Holding S.A earns net profit of US$56.3m

During the third quarter of 2012, AviancaTaca Holding S.A, reported operating income of US$1.1075bn. This is equivalent to an increase of 8.1% with respect to the same period of 2011, removing the non-recurring revenue for expired tickets recorded in the third period of 2011. Operating profit reached US$116.6m. EBITDAR (earnings before interest, tax, depreciation, amortization

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Swedish Maritime Administration orders seven AW139 Helicopters

AgustaWestland, a Finmeccanica company, has signed a contract with the Swedish Maritime Administration for seven AW139 intermediate twin helicopters. The aircraft will be equipped for Search and Rescue (SAR) operations with the first helicopter scheduled to be delivered in the spring of 2013 and the final one in 2014. The Swedish Maritime Administration is the

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Héroux-Devtek to manufacture H-47 Chinook helicopter landing gear

Héroux-Devtek, a leading Canadian manufacturer of aerospace products, released that its Landing Gear products operations have been awarded a multi-year contract from Boeing to manufacture the landing gear for the H-47 Chinook medium-to- heavy-lift helicopter. Under the terms of the agreement, Héroux-Devtek will fabricate the landing gear for all Chinook aircraft destined to the U.S.

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AVISA takes significant stake in Part 21 DOA/POA aerospace design and certification

AVISA, the global aviation and airworthiness safety specialist, has signed a deal that gives them a sizeable shareholding in the leading EASA Part 21 approved DOA/POA organisation, aeroDAC. This move is part of AVISA’s determined and innovative plan to provide customers with a wider range of services whilst establishing a greater market share. Both companies

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SAS signs new union agreements with 7 of 8 unions- negotiations continue

On November 12th, the Board of SAS approved the 4 Excellence Next Generation (4XNG) plan to address the issues facing SAS. The 4XNG plan will improve EBT by approximately SEK3bn on an annualized basis and improve the overall cost flexibility. One of the conditions to implement the plan and for the availability of the new

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Marshall Executive Aviation sets sights on Canadian FAOC

Marshall Executive Aviation, part of the Marshall Group, is advancing work to obtain a Canadian Foreign Air Operator’s Certificate (FAOC) to enable the company to operate flights in Canada with its Challenger 300. The move follows hard on the heels of the operator being granted an AOC extension this summer enabling its Challenger (G-KALS) to

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GE Aviation acquires Morris Technologies & Rapid Quality Manufacturing

GE Aviation has acquired the assets of Morris Technologies, and its sister company, Rapid Quality Manufacturing, precision manufacturing companies operating in suburban Cincinnati, Ohio. Terms were not disclosed. The two privately-held companies, with about 130 Cincinnati-area employees specialize in additive manufacturing, an automated process for creating rapid prototypes and end-use production components. With this acquisition,

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Monarch Aircraft Engineering to expand operations at Birmingham Airport

MONARCH Aircraft Engineering (MAEL), the award-winning independent aircraft maintenance provider, today announces plans to significantly expand its operations with a new 110,000 ft² state-of-the-art maintenance facility, creating 150 new jobs, with the potential for a further 150, at Birmingham Airport in the UK. Due to be completed and operational by the end of 2013, the

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