20 February 2014

Safran delivers strong operational performance in full-year 2013

Safran reported that new order intake during 2013 was €20.8bn, providing evidence of robust and resilient demand. The backlog grew to €56.2bn compared to €48.5bn last year. It does not include future flows from CFM56 spares and services provided on a “time and materials” basis which will provide significant high-margin revenue streams in future decades. […]

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Bombardier Learjet obtains FTV1 flight test permit for Learjet 85 aircraft

Bombardier Aerospace reported that Learjet has obtained the first flight test permit from the Federal Aviation Administration (FAA) for the Learjet 85 aircraft Flight Test Vehicle 1 (FTV1). In addition, engine run testing and low-speed taxi testing have been successfully completed on the flight test vehicle. During the final testing stage in preparation for first

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Air France-KLM to invest $100m in GOL

GOL Linhas Aéreas Inteligentes, the largest, low-cost and low-fare airline in Latin America, released that it signed an exclusive long term strategic partnership for commercial cooperation with Air France-KLM, subject to the approval of the antitrust authorities (CADE). The agreement includes expanded codesharing, enhanced joint sales activities and more benefits for customers based on both

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Chorus Aviation reports fourth quarter earnings of $48.9m

For the fourth quarter 2013, Chorus reported earnings before interest, taxes, depreciation and amortization (‘EBITDA1′) of $48.9m compared to $39.9m in the same quarter 2012, an increase of $9.0m. Operating income was $32.5m, $7.3m higher than the same period 2012. Adjusted net income of $20.8m, was up by $3.1m over fourth quarter 2012. For the

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Sikorsky awarded maintenance contract for U.S. Navy pilot training aircraft

Sikorsky Aircraft announced the award of a maintenance and support services contract for more than 360 aircraft operated by the Chief of Naval Air Training (CNATRA). Valued at an estimated $110m, the work is expected to be completed in October 2014. The contract was awarded by the Naval Air Systems Command (NAVAIR), based at the

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Aleris signs multi-year agreement with Boeing

Aleris recently signed a multi-year agreement with Boeing to supply aluminum aerospace plate and sheet. Aleris is a key supplier to all major aircraft manufacturers worldwide. With more than 30 years of aerospace experience, the company supplies innovative materials that meet the highest quality standards in the industry, as well as virtually any specification an

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LBAS new line maintenance station in Zurich (Switzerland) officially approved and inaugurated

Lufthansa Bombardier Aviation Services GmbH (LBAS), Berlin-based leading specialist in the maintenance, repair and overhaul of Bombardier business aircraft, has set up a line maintenance station in Zurich, Switzerland. After a two-day audit by the German Airworthiness Authority acting on behalf of the European Air Safety Agency (EASA), the station has officially been approved and

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Macquarie reports fourth quarter and full-year 2013 financial results

Macquarie Infrastructure Company reported its financial results for 2013 including a 12.2% and 25.4% increase in proportionately combined Free Cash Flow for the fourth quarter and full year, respectively. The increases reflect better than anticipated results at MICs Atlantic Aviation business, partially offset by higher operating expenses and maintenance capital expenditures at International-Matex Tank Terminals.

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Precision Aviation Group expands Australia facility and breaks ground on new repair station

Atlanta-based Precision Aviation Group (PAG) has recently expanded its operations in Brisbane, Australia with an additional 5,000 ft². The expansion will house the Repair Station – Precision Accessories and Instruments – Australia (PAI-AU). The expansion doubles the size of PAG’s footprint in Australia. PAG opened Precision Heliparts – Australia (PHP-AU), serving the Rotary-wing market in

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