Business Aviation Asia (BAA), an aircraft management company specializing on the Greater China market with bases in mainland China and Hong Kong, has become the launching customer for Lufthansa Technik’s new global technical support package for VIP and executive jet operators. As a leading provider of technical services for commercial, VIP and executive jets, Lufthansa
The Passport engine for the Bombardier Global 7000 and Global 8000 aircraft incorporates ceramic matrix composite (CMC) material and a unique blade surface that will improve performance, reduce fuel burn and enhance durability. “GE Aviation invests close to $1bn annually on research and development of advanced technologies and materials, and the Passport engine is benefitting
GE Honda Aero Engines has completed all U.S. Federal Aviation Administration (FAA) certification testing on its HF120 engine, with all certification reports submitted. GE Honda anticipates receiving type certification by year end. The HF120 engine program involved 13 certification ground-test engines in addition to flight-test engines that accumulated more than 12,000 cycles and more than
Flying Colours Corp., the global aviation services company, has been appointed as an authorised dealer and installation centre for a range of Honeywell Aerospace business aviation products at its Peterborough, Ontario, facility. The deal, which was ratified in August, follows a long-standing relationship with Flying Colours St Louis, USA base which has been a Honeywell
Power management company Eaton has been awarded a contract by Embraer S.A. to supply hydraulic components for the newly launched E-Jets E2 commercial aircraft family. Embraer’s second generation of E-Jets comprises three new airplanes: the E190-E2, the E195-E2 and the E175-E2. Eaton will provide highly reliable pumps and power transfer units for all three aircraft.
Elite Aviation, the premier global private jet company, has closed a $50m growth capital commitment to be used strategically across multiple fronts to substantially expand the company’s global footprint. In addition to a very significant fleet expansion, Elite Aviation will go “on the hunt” for geographically strategic acquisitions as well as companies complementary to its
Boeing reported third-quarter core earnings per share (non-GAAP) increased 16% to $1.80, driven by strong performance across the company’s businesses. Third-quarter core operating earnings (non-GAAP) increased 20% to $2.1bn from the same period of the prior year. Third-quarter revenue was $22.1bn, GAAP earnings from operations was $1.8bn and earnings per share was $1.51. Core earnings
B/E Aerospace reported third quarter 2013 revenues of $888.1m, an increase of $121.4m, or 15.8%, as compared with the prior year period. Third quarter 2013 operating earnings were $160.1m, an increase of 19.2%, and operating margin of 18.0% increased 50 basis points as compared to the prior year period. Acquisition, integration and transaction (AIT) costs
US Airways Group reported its third quarter 2013 financial results. For the third quarter 2013, pretax profit excluding net special items was a record $367m, a $174m, or 90%, year-over-year improvement. On a GAAP basis, the Company reported a third quarter pretax profit of $336m, up from $246m in 2012. The GAAP net profit for
British Airways has gained European Aviation Safety Agency (EASA) Part 147, Part M and Part 145 approvals for both the Boeing 787 and the Airbus A380. Part M approval signifies that British Airways Engineering has the required management structure, organisation and procedures in place to safely maintain the two new aircraft types, while Part 145
