11 February 2014

Ontic and Rolls-Royce enter license agreement

Ontic UK have entered into license agreement with Rolls-Royce for the manufacturing and worldwide distribution rights for Dart aircraft engine components. The transition of support and manufacturing capabilities to Ontic’s Cheltenham, UK facility will commence immediately. Technical support will continue to be offered by Rolls-Royce. The Dart engine is in service on an active fleet

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Boeing and Alenia Aermacchi finalize restructured contract for 787 Program

Boeing and Alenia Aermacchi, a Finmeccanica Company, have finalized a restructured contract for the 787 Program. The contract establishes a new performance based business arrangement that will drive improved operational performance for Alenia Aermacchi and the 787 program. Based on the market success and increased production rates of the 787 program, Boeing has confirmed orders

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Garuda Indonesia Ends 2013 with operating revenue of US$3.72bn

Garuda Indonesia’s operating income decreased by 66.4%, amounting to US$56.4m, compared to the amount of US$168.1m received in 2012. Income for the period also declined from US$110.8m in 2012 to US$11.2m in 2013. Garuda Indonesia President & CEO, Emirsyah Satar, said that Garuda Indonesia’s financial performance in 2013 was influenced by rupiah’s decline against the

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