17 September 2015

China’s import duties damaging market for Chinese-built foreign aircraft

Embraer is a joint-venture aircraft manufacturer where Brazil’s Embraer holds a 51% stake and the Aviation Industry Corporation of China hold a 49% stake. They started assembling ERJ 145 regional jets in northeast China in partnership with Harbin Aircraft in mid-2000. At the time the Chinese government imposed an increase in the import tax on […]

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Boeing to build 747 fuselage panels at Macon, Georgia facility

Boeing announced that 747 fuselage panels will be built at its Macon, Georgia facility beginning in 2018. Boeing will take over the work from Triumph Aerostructures – Vought Aircraft Division, a wholly owned subsidiary of Triumph Group, with the Macon site providing assembled fuselage panels to Boeing’s 747 final assembly line in Everett, Washington. Boeing

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Honeywell boosts aerospace portfolio with acquisition of Aviaso

Honeywell has acquired privately held Aviaso, an international aviation software company that offers fuel efficiency and emissions savings software to the airline industry. Terms of the deal are not being disclosed. Aviaso’s software products gather data on aircraft usage and identify and communicate the ways airline customers can save fuel consumption through a simple, intuitive

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GE Aviation to create European Turboprop Center of Excellence to pursue non-U.S. options to secure export credit financing for customers

GE Aviation will create a turboprop engine development, test and production operation in Europe. This will represent an investment exceeding US$400m and ultimately support 500 – 1,000 jobs. The turboprop industry is highly global and comprised of many small aircraft operators. Among the factors driving GE Aviation to pursue the new operation in Europe is

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Beluga XL programme achieves design freeze

The new Beluga programme, christened Beluga XL, has successfully passed the latest maturity gate milestone – marking the end of the ‘concept phase’ or design freeze ‘at aircraft level’ which is a key step in any development programme. The maturity gate review demonstrated that the Beluga XL programme is robust and mature enough to move

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Juneyao Airlines selects V2500 engine to power order of A320ceo Family aircraft

Juneyao Airlines has signed a Memorandum of Understanding for the V2500 engine to power its order of 12 Airbus A321ceo aircraft. Deliveries are scheduled to begin in November 2015. The deal also includes a 15-year V-Services Fleet Hour Agreement (FHA). The V2500 engine is offered through International Aero Engines AG, a multinational aero engine consortium

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B/E Aerospace to take US$30m after-tax charge in third quarter

B/E Aerospace expects to recognize charges during the third quarter associated with its cost reduction program. The charges reflect costs associated with facilities consolidation, product rationalization, workforce reductions and program discontinuance. The Company plans to close several facilities, consolidate certain product lines and reduce headcount by approximately 450 employees. Total after-tax charges for the associated

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