ST Aerospace, a subsidiary of ST Engineering, reported 2nd quarter 2016 results. Revenue for 2Q2016 was US$103m higher compared to that of 2Q2015. This was due to higher revenue in the Component/Engine Repair & Overhaul (CERO) and Engineering & Materials Services (EMS) business groups, reduced partially by lower revenue in the Aircraft Maintenance & Modification […]
ST Aerospace reports 2nd quarter 2016 results Read More »
Tourist numbers in Turkey are continuing to fall amidst political unrest and terrorism threats. While the year-on-year figure for May revealed a drop of 34.7%, June’s year-on-year figure stands at 40.86%, which will equate to an approximate loss of revenue from tourism of US$8 billion if the year’s overall reduction in tourist numbers averages out
Tourist numbers continue to fall drastically in Turkey Read More »
GKN Aerospace’s Fokker Technologies business unit released that a total of 23 Fokker aircraft were placed with 6 existing Fokker operators and 3 new operators during the first half of 2016 by their respective aircraft owners. These comprise 8 Fokker 50s and 15 Fokker 100s. This compares with 50 placements in 2015. In Australia, Network
23 Fokker aircraft transactions in first half of 2016 Read More »
Leonardo-Finmeccanica reported that the first flying AW609 prototype has arrived in Philadelphia following a recent resumption of flight testing. With industrialization underway, Leonardo-Finmeccanica has expanded the AW609 TiltRotor program to include the company’s Philadelphia facility. The involvement of the Philadelphia site in the AW609 program represents the anticipated progression towards assembly and certification with the
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AAR, a global aerospace and defense contractor and leading provider of aviation services to airlines and governments worldwide, has named Marcus Jadotte as its Vice President of Public Affairs. Jadotte, most recently an Assistant Secretary for the U.S. Commerce Department, will establish an AAR office in Washington, D.C., and will be responsible for driving growth
AAR names Marcus Jadotte Vice President of Public Affairs Read More »
Bombardier reported consolidated revenues of US$4.3bn in the quarter and US$8.2bn for the first six-month period, relative to US$4.6bn and US$9.0bn for the same periods last year, explained for the most part by the planned reduction in business aircraft revenues. EBIT before special items was US$106m and US$236m respectively for the quarter and year-to-date, as
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