Boeing will recognize a charge on the KC-46 aerial refueling tanker program when it announces second-quarter 2015 results on July 22. The after-tax charge of US$536m reflects higher estimated engineering and manufacturing costs to complete development, certification and initial production of the tanker aircraft, while holding to the program schedule for initial production deliveries in
OEMServices celebrated the official opening of its new service center and headquarters. More than 100 prestigious guests, airlines, OEM and officials were invited to visit the new facilities and share a festive moment between major players of the aerospace industry. Connected to Roissy CDG, this new platform provides 70,000 ft² dedicated to OEMServices’ customers. The
International AirFinance Corporation (IAFC) selected Rolls-Royce to provide Trent 700 engines, worth US$930m, for 20 Airbus A330 Regional aircraft. Moulay Omar Alaoui, International AirFinance Corporation, President and CEO, said: “We selected the Trent 700 as the best solution in terms of economics and reliability.”
Rolls-Royce has been selected by SAUDIA, the national carrier of Saudi Arabia to provide long-term TotalCare engine service support, worth US$1.3bn, for 20 Airbus A330 Regional aircraft. The Trent 700 is the market leader on the A330 with more than 60% of new orders over the last three years. The Trent 700 now accounts for
Carrying 420 million passengers in 2014, representing half of all passenger journeys in Europe, five of the region’s major airlines, Air France-KLM, easyJet, IAG, Lufthansa Group and Ryanair have met with the European Union’s Transport Commissioner, Violeta Bulc, to discuss future EU aviation strategy. The move is notable for a number of reasons, including the
Air Astana increased its operating profit by 115% to US$23.9m in the first half of 2015. Net profit was US$8.3m, versus a loss of US$36.4m in the first half of 2014 (the result of a book loss following a local currency devaluation), whilst passenger numbers increased by 4% to 1.82 million. Total revenue was however
Pratt & Whitney held a ceremonial groundbreaking on July 16th for its new state-of-the-art 425,000-square-foot building that will serve as the company’s global headquarters and world-class engineering facility. Construction work, which is supported in part by the 2014 Connecticut Aerospace Reinvestment Act, will begin later this year and is scheduled to be completed in late
Ameco reported that it transferred a retrofitted workshop for VIP and business jet completion from a current facility into its main base. It covers 1600 m² and will be used as interior manufacture workshop. This is the second workshop for interior manufacture following the first one opened in September 2012. In addition, Ameco’s VIP and
GA Telesis announced its asset transactions for the second quarter of 2015. The company added one MD-11 freighter on lease to FedEx and one CFM56-5A engine to its portfolio. The company sold or leased six ERJ-145 aircraft, four CF34-3 engines, three CFM56-5B engines, two CFM56-5A engines, two A321-100 airframes, two A320 aircraft, two CF6-80C2B1F engines,
The Single European Sky (SES) initiative was launched in 2000 by the European Commission after the airline industry suffered from severe delays to flights in Europe during 1999. A working party was created and, based on the recommendations in its report, at the end of 2001 the Commission produced a legislative package. This package was
