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AAR selected to provide cargo pallets to U.S. Air Force

AAR has been awarded a contract from the United States Air Force for the production and repair of 463L cargo pallets. The contract has a two-year base period valued at $133m in revenue and an estimated value of $323m over the five-year term. The cargo pallets will be manufactured and maintained by AAR’s Mobility Systems

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Thales releases 2013 annual results

Thales released that new orders for the Aerospace segment amounted to €4,130m in 2013, compared to €4,051m in 2012. Excluding the impact due to the disposal of activities in 2012 (civil fixed-wing aircraft simulation and Diehl Aircabin), Avionics order intake remained generally stable, as the continued growth of on-board avionics activities, both original equipment and

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Cirrus Aircraft deliveries in 2013 drive strongest performance since 2008

Cirrus Aircraft delivered 276 new aircraft in 2013, nearly a 10% increase over 2012, marking its best aircraft shipment performance since 2008. With these results, Cirrus Aircraft’s annual market share has grown to an all-time high of 37%. “The key driver to this past year’s outstanding performance was Cirrus owners’ and pilots’ strong response to

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Safran delivers strong operational performance in full-year 2013

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.

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Bombardier Learjet obtains FTV1 flight test permit for Learjet 85 aircraft

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

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Kuwait Airlines firms up commitment for 25 Airbus aircraft

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.

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Air France-KLM to invest $100m in GOL

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

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Chorus Aviation reports fourth quarter earnings of $48.9m

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

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Aleris signs multi-year agreement with Boeing

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

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