In a move to further shore up its balance sheet, Rolls-Royce has agreed to sell its subsidiary fuel injection technology firm, L’Orange, to Colorado-based Woodward in a £610m (US$860m) deal. The transaction should be completed by the end of September this year. According to Rolls-Royce, the sale of L’Orange will “improve resilience” of the balance
American Airlines will more than double its 787 Dreamliner fleet with a new order for 47 of the super-efficient airplane plus 28 options. This new order of 47 787s makes American Airlines the largest 787 customer in the Western Hemisphere. American originally ordered 42 787 Dreamliners and has been using the airplanes to open new
As U.S. president Donald Trump ramps up pressure levels on a looming trade war with China, China Eastern has made it clear that if events affect passenger and cargo volumes, it is not afraid to alter routes and also the type of passenger jet it is prepared to purchase. DBS analyst Paul Yong stated that:
Despite only 52.4 percent of shareholders agreeing to the takeover, Melrose Industries has made a successful bid of £8 billion (US$11 billion) to take over the British engineer GKN after a bitter three-month-long battle. This has been seen as the largest successful hostile bid since Kraft took over Cadbury in 2009. Melrose is a UK-based
Component Control has released Quantum MobileTech™ v2.1 which will extend the Mobile Solution Suite of the award winning Quantum Control family of aviation software solutions for MRO’s, Distributors and Logistics Management Companies. The new release of MobileTech adds upgraded features to the core functionality of Labor Recording, Reserving Inventory and Managing Work Order Tasks by
Melrose has declared a “final” offer of £8.1 billion for UK engineering giant GKN as a culmination of its efforts to acquire the company which started back in January. GKN has strongly urged its shareholders to reject the offer from Melrose, with the backing of Unite, Britain’s largest trade union. Melrose is seen by its
The pilot of a Eurocopter AS350 has survived a fatal crash into New York’s East River which claimed the lives of all five passengers on board. The accident happened at around 7 p.m. Sunday, local time. The aircraft was owned by Jersey-based Liberty Helicopters and was one of three that had been hired to take
United Airlines has had to backtrack rapidly as a proposed new lottery bonus scheme was met with universal disapproval by the airline’s staff. Instead of paying each member of staff a US$375 quarterly bonus based on meeting on-time departures, on-time arrivals and other performance-related targets, the company had proposed a lottery-style bonus system for eligible
With Airbus still in discussions with Bombardier and the Canadian Government over its intended acquisition of a 50.01% stake in the ailing C Series project, the French plane maker has announced its intention to squeeze supplier prices for future C Series planes. The intention is to try and make the cost of manufacture of the
As a result of continued poor interest in both the Airbus A380 commercial passenger jet and the A400M turboprop military aircraft, Airbus is being faced with making substantial reductions in the workforces associated with these two aircraft. According to a Company press release: Airbus has a policy of first addressing workforce issues with its social
