Back in February this year, Rolls-Royce, the FTSE-100 engine maker, lost over £3bn of its value after shocking the market with its first profits warning in a decade. To announce a second one this October has created considerable concern and Rolls-Royce has decided that over the next 18 months they need to reduce costs by […]
Rolls-Royce forced to axe 2,600 jobs after second profit warning this year Read More »
Ascent Aviation Services reported that Joseph Ng is now the Company’s new Chief Executive Officer, effective November 1st. Mr. Ng joins Ascent with over 30 years of executive experience in the management of aircraft maintenance and quality systems. Mr. Ng began his career with ST Aerospace in 1990 and after continuous advancement within multiple divisions
Ascent Aviation announces new Chief Executive Officer Read More »
Rolls-Royce Snecma Ltd., a 50/50 joint venture between Rolls-Royce and Snecma (Safran), has signed a new contract with the UK Ministry of Defence, in collaboration with the Armaments Procurement Agency of the French Ministry of Defence, to continue design studies for the Future Combat Air System (FCAS). This future combat aircraft, which could bring new
GE Aviation’s Peebles Test Operation celebrates 60 years of operation with the opening of a new US$40m indoor jet engine test facility. The new indoor test facility, which will begin testing production engines by year end, was built to accommodate the growing volume of GE90 and GEnx engines as well as the new GE9X and
GE Aviation's Peebles test operation opens new US$40m indoor jet engine test facility Read More »
Bombardier Commercial Aircraft announced the recent addition of a major new pillar to its growing support network in Europe. The company has appointed Lufthansa CityLine, the original launch customer for the CRJ aircraft, as an Authorized Service Facility (ASF) for its CRJ700 and CRJ900 aircraft. Under the ASF agreement, Lufthansa CityLine Technical Services will offer
Astronics Corporation reported that consolidated sales for the third quarter of 2014 increased 100.1% to US$179.4m compared with US$89.7m for the same period last year. Aerospace segment sales increased US$34.7m to US$122.2m and Test Systems segment sales increased US$55.1m to US$57.2m. The 2014 third quarter included US$74.1m in sales for two businesses acquired after September
Astronics Corporation sales double to record US$179.4m Read More »
FedEx Corporation released that William J. Logue will retire as President and CEO of its FedEx Freight subsidiary on December 31, 2014. He has guided FedEx Freight since 2010 to a leading position in the U.S. Less-Than-Truckload (LTL) market. He cited health concerns as the reason for his decision to retire. Michael L. Ducker, a
FedEx Freight President & CEO William J. Logue to retire December 31st Read More »
Willis Lease Finance Corporation, the independent jet engine lessor in the commercial finance sector, reported third quarter 2014 net income of US$1.0m, compared to net income of US$2.2m, in the second quarter of 2014 and a net loss of US$2.2m in the third quarter of 2013. The loss in the year ago period included US$4.3m
Willis Lease Finance reports net profit of US$7.5m Read More »
West Star Aviation is proud to announce the launch of their newest avionics program for the installation of the Honeywell Primus Epic CDS/R full color (LCD) liquid crystal cockpit display system on the Challenger 601. This first type installation includes four new LCD displays, dual Advance File Graphics Servers (AFGS), and XM graphical weather. In
West Star Aviation installs first EPIC CDS/R on challenger 601 Read More »
XiamenAir has opted for AFI KLM E&M expertise in support of the launch of its fleet of Boeing 787 Dreamliners and subsequent component maintenance and overhaul services for the aircraft. The long-term contract between the two groups organizes component support for six Dreamliner aircraft operated by XiamenAir. AFI KLM E&M designs and implements bespoke component
XiamenAir Dreamliner fleet backed by AFI KLM E&M component expertise Read More »
