Safran reported that new order intake during 2013 was €20.8bn, providing evidence of robust and resilient demand. The backlog grew to €56.2bn compared to €48.5bn last year. It does not include future flows from CFM56 spares and services provided on a “time and materials” basis which will provide significant high-margin revenue streams in future decades.
Bombardier Aerospace reported that Learjet has obtained the first flight test permit from the Federal Aviation Administration (FAA) for the Learjet 85 aircraft Flight Test Vehicle 1 (FTV1). In addition, engine run testing and low-speed taxi testing have been successfully completed on the flight test vehicle. During the final testing stage in preparation for first
Airbus confirms Kuwait Airways, the National airline of Kuwait, has ordered 25 aircraft including ten A350-900 and 15 A320neo Family aircraft as part of the airlines’ fleet renewal strategy. Kuwait Airlines already operates three A320, three A310, five A300 and four A340 Family aircraft.
GOL Linhas Aéreas Inteligentes, the largest, low-cost and low-fare airline in Latin America, released that it signed an exclusive long term strategic partnership for commercial cooperation with Air France-KLM, subject to the approval of the antitrust authorities (CADE). The agreement includes expanded codesharing, enhanced joint sales activities and more benefits for customers based on both
For the fourth quarter 2013, Chorus reported earnings before interest, taxes, depreciation and amortization (‘EBITDA1’) of $48.9m compared to $39.9m in the same quarter 2012, an increase of $9.0m. Operating income was $32.5m, $7.3m higher than the same period 2012. Adjusted net income of $20.8m, was up by $3.1m over fourth quarter 2012. For the
Aleris recently signed a multi-year agreement with Boeing to supply aluminum aerospace plate and sheet. Aleris is a key supplier to all major aircraft manufacturers worldwide. With more than 30 years of aerospace experience, the company supplies innovative materials that meet the highest quality standards in the industry, as well as virtually any specification an
Lufthansa Bombardier Aviation Services GmbH (LBAS), Berlin-based leading specialist in the maintenance, repair and overhaul of Bombardier business aircraft, has set up a line maintenance station in Zurich, Switzerland. After a two-day audit by the German Airworthiness Authority acting on behalf of the European Air Safety Agency (EASA), the station has officially been approved and
Macquarie Infrastructure Company reported its financial results for 2013 including a 12.2% and 25.4% increase in proportionately combined Free Cash Flow for the fourth quarter and full year, respectively. The increases reflect better than anticipated results at MICs Atlantic Aviation business, partially offset by higher operating expenses and maintenance capital expenditures at International-Matex Tank Terminals.
Atlanta-based Precision Aviation Group (PAG) has recently expanded its operations in Brisbane, Australia with an additional 5,000 ft². The expansion will house the Repair Station – Precision Accessories and Instruments – Australia (PAI-AU). The expansion doubles the size of PAG’s footprint in Australia. PAG opened Precision Heliparts – Australia (PHP-AU), serving the Rotary-wing market in
MC Assembly, a leading mid-tier electronic manufacturing services (EMS) provider, has achieved AS 9100 Rev C implementation and certification for its Winchester, Massachusetts manufacturing facility. This certification, which provides a common set of quality requirements across the global aerospace community, accredits MC Assembly’s Quality Management System compliance to the aerospace requirements to manufacture and service
