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B/E Aerospace second quarter 2013 results exceed expectations

B/E Aerospace announced second quarter 2013 financial results. Second quarter 2013 revenues of $850.3m increased $82.2m, or 10.7%, as compared with the prior year period. Second quarter 2013 operating earnings were $158.7m, an increase of 15.2%, and operating margin of 18.7% increased 80 basis points as compared to the prior year period. The growth in

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SIA Engineering posts group profit of $69.0m for 1st quarter 2013-14

SIAEC Group posted a profit of $69.0m, a decrease of $1.1m or 1.6% compared to the same quarter last year. Revenue decreased $11.1m or 3.7%, primarily due to lower material and fleet management revenue. Expenditure fell by $4.4m or 1.7%, mainly from decreases in subcontract and material costs. The resulting operating profit for the quarter

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Fokker Services opens component repair shop in Singapore

Fokker Services has received approval from EASA and FAA for its new component repair shop in Singapore. The component repair shop focuses on Regional Aircraft and serves its customers with Avionics, Hydraulics and limited structure component maintenance. Fokker Technologies has been doing business in the Asia Pacific for many years. In order to adapt to

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Armed Forces of Malta sign contract for one AW139 plus two options

AgustaWestland, a Finmeccanica company, reported that the Armed Forces of Malta has signed a contract for one intermediate twin AW139 helicopter plus two options, to perform maritime border patrol and SAR missions. The plan foresees the acquisition of a total of three aircrafts by 2015 including an Integrated Logistic Support package and the training of

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Saab introduces Aerobahn De-icing Manager

The Aerobahn De-icing Manager from Saab is now available for airport operators, airlines, and de-icing companies to proactively manage and track the aircraft de-icing process. The De-icing Manager from Saab integrates airport surface surveillance and flight data to provide users with real-time situational awareness of de-icing pad activity. Users can schedule and sequence aircraft into

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Boeing, Turkish Airlines finalize order for five additional 777-300ERs

Boeing and Turkish Airlines have announced an order for five 777-300ER (Extended Range) airplanes, valued at $1.6bn at list prices. The Turkish flag-carrier has exercised options on five 777-300ERs that were first announced in December 2012 as part of a previous firm order for 15 777-300ERs. Turkish Airlines now has 20 777-300ERs currently an order

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