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.
Flying Colours Corp., the North American MRO, completion and refurbishment specialist has today signed a multi-million dollar Joint Venture agreement with Sparkle Roll Technik Co., Ltd. (“SRT”), a business jet technical solution provider within Sparkle Roll Aviation (Holding) Group (“SRA”). With the phase one hangar facility set up at Linyi City in Shangdong Province China,
Embraer’s Legacy 500 executive jet was granted FAA (Federal Aviation Administration) certification during a ceremony at the National Business Aviation Association Conference and Exhibition, in Orlando, Florida. This approval enables entry into service of the aircraft in the United States and in countries that require such certification.
Authorized by CAAC, EASA and FAA, Ameco released that it can perform A330 landing gear overhaul now. The 1st workload will come at the beginning of November. As the first MRO in China to develop landing gear overhaul, Ameco’s capabilities cover most A320, A321 and A330 fleet; and the Boeing landing gear overhaul mainly focus
Aviation Technical Services (ATS) has reached an agreement with its longtime customer Southwest Airlines to provide Maintenance, Repair and Overhaul (MRO) services to the carrier at its newly‐acquired and renovated facility at Kansas City International Airport (MCI). The work will begin later this year and will take place over the course of the next three
Immediately after the weekend where the German rail system was brought to a standstill through a strike by national train drivers, the 35 hour Lufthansa short-haul flight strike organised by the Vereinigung Cockpit union due to start this Monday afternoon has now been extended to include a 24 hour strike for long haul flights. The
Mitsubishi Heavy Industrie (MHI) and Mitsubishi Aircraft Corporation held a rollout ceremony for the MRJ (Mitsubishi Regional Jet), a next-generation regional jet, at the Komaki Minami Plant of MHI’s Nagoya Aerospace Systems Works in Aichi Prefecture. After unveiling Japan’s first jet aircraft, MHI and Mitsubishi Aircraft are now ready to proceed toward the MRJ’s first
BAE Systems has entered into a definitive agreement to acquire Perimeter Internetworking Corp., which trades as SilverSky, a commercial cyber service provider, for $232.5m (approximately £144.4m) on a cash free and debt free basis. Ian King, Chief Executive, BAE Systems, said: “The acquisition of SilverSky enhances our strategy to grow our Applied Intelligence commercial cyber
Kaman Aerosystems has been awarded a Long Term Supply Agreement (LTA) by Rolls-Royce to manufacture the Composite A-frame Fairings for the Trent XWB engine that will power the Airbus A350 XWB aircraft. Rolls-Royce and Kaman have entered into a multi-year contract for these parts, with a projected value in excess of $5m. The A-Frame Fairings
