12 August 2016

ST Aerospace reports 2nd quarter 2016 results

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 […]

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Tourist numbers continue to fall drastically in Turkey

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

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Leonardo confirms certification activities of the AW609 on track

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 names Marcus Jadotte Vice President of Public Affairs

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

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