In line with projections that China will be needing some 6,000 new airplanes by 2033, news has broken that permission has been given for the creation of five new airports across the country. Both the creation of these new airports and necessity for new aircraft comes partly from the increase in demand for domestic flight
Vector Aerospace Engine Services – Atlantic, (ES-A) has renewed its Network Services Agreement with Turboprop East, based in North Adams, Massachusetts, United States. ES-A will provide Turboprop East with comprehensive engine repair and overhaul support for the Pratt & Whitney Canada (P&WC) PT6A and JT15D series engines from its P&WC Distributor and Designated Overhaul Facility
Deutsche Lufthansa AG reported that in the course of realigning the Group’s IT activities, it will be entering into a long-term IT partnership shortly. According to the terms to be agreed, Lufthansa will outsource all of the Group’s IT infrastructure services to IBM. The IT group is also expected to take over the Infrastructure division
Thales have once again been selected by Gulfstream to deliver fly-by-wire flight control systems on the G650ER unveiled in May. This follows the unveiling of the G500 and G600 programmes on October 14th, which will also feature Thales fly-by-wire flight controls. The G650ER’s 7,5000 nautical miles range (13,890 kilometers), opens up more destination pairs than
Aviall, a wholly owned subsidiary of The Boeing Company, signed an agreement with GE Aviation to become a provider of GE CF34-3A and CF34-3A2 used material and lease engines powering the Bombardier Challenger 601. The ownership transfer builds on an exclusive distributor agreement launched in 2009, where Aviall is responsible for forecasting, ordering, and delivering
Boeing and Commercial Aircraft Corp. of China (COMAC) opened a demonstration facility on October 22nd, that will turn waste cooking oil, commonly referred to as “gutter oil” in China, into sustainable aviation biofuel. The two companies estimate that 500 million gallons (1.8 billion liters) of biofuel could be made annually in China from used cooking
FLY Leasing, a global lessor of modern commercial jet aircraft, has signed agreements with a leading Asian airline to purchase and lease back three new Boeing 737-800 aircraft. FLY has delivered the first aircraft, with the two remaining aircraft due for delivery during the current quarter.
Boeing reported third-quarter revenue increased 7% to $23.8bn on higher deliveries. Core earnings per share (non-GAAP) increased 19% to $2.14, driven by strong performance across the company’s businesses. Third-quarter core operating earnings (non-GAAP) increased 13% to $2.4bn from the same period of the prior year. GAAP earnings per share was $1.86 and GAAP earnings from
B/E Aerospace released its third quarter 2014 financial results, with revenues increased by 24% and adjusted operating earnings increased 26%. Adjusted earnings per diluted share increased 63% (29% using comparable tax rate in both years). The Company currently estimates that it will incur, during the second half of 2014, debt redemption costs of approximately $235m,
Boeing celebrated the groundbreaking of its new 777X Composite Wing Center at the Everett, Wash., campus. Permitting for the new 1-million-square-foot facility was completed approximately seven weeks earlier than anticipated, allowing for an accelerated start to construction. Boeing is investing more than $1bn in the Everett site for construction and outfitting of the new building.
