30 July 2015

Aircraft debris found on Reunion Island likely to be from a Boeing 777

On the 29th of July the Australian government released a statement indicating that debris found on Reunion Island in the Indian Ocean is being examined to see whether it has come from Malaysia Airlines flight MH370 which disappeared without trace on the 8th March 2014. Today (30th July) the Malaysian Malaysia’s Deputy Transport Minister, Abdul […]

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Bombardier's net income down in second quarter of 2015

Bombardier reported its financial results for the second quarter ended June 30th, 2015. Revenues totalled US$4.6bn for the quarter, compared to US$4.9bn for the same period last fiscal year. Excluding foreign exchange impact, revenues are up 2%. Earnings before financing expense, financing income and income taxes (EBIT) totalled US$226m, or 4.9% of revenues, compared to

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Boeing Oklahoma City expansion grows facilities, business presence

On July 29th Boeing broke ground on a new 290,000 ft² facility with space for approximately 800 employees. The new structure, the third in Boeing’s existing campus, will open in summer 2016 and house employees working in engineering, research and development laboratories, and some support staff. During the groundbreaking ceremony Global Services & Support (GS&S)

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Spirit AeroSystems reports second quarter net income of US$155m up 8%

Spirit AeroSystems reported second quarter financial results driven by positive operating performance of mature programs. Spirit’s second quarter 2015 revenues were US$1.7bn, down 6% compared to the same period of 2014 primarily due to the Gulfstream wing divestiture and lower revenues recognized on the 787 program. Operating income was US$230m, up from US$216m for the

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