Safran reported that first-quarter 2013 adjusted revenue was Euro €3,404m, up 9.5% year-on-year, or up 9.6% on an organic basis. Solid revenue growth contribution from Aerospace activities, both in OE deliveries and aftermarket. Sales in Defence were resilient. Positive dynamics in Security. Civil aftermarket up 10.0% in USD terms, driven by first overhaul of recent
Rolls-Royce has won a $1.6bn order, at list prices, from International Airlines Group (IAG) for Trent XWB engines to power 18 Airbus A350-1000 aircraft. The order includes long-term TotalCare service support. In addition, IAG has placed options for a further 18 A350 aircraft. The A350-1000 aircraft is powered exclusively by the higher-thrust version of the
FLYNONSTOP of Kristiansand, Norway, received its first EMBRAER 190 at a ceremony at Embraer’s headquarters in São José dos Campos, Brazil. The aircraft, leased from a third party, will be used to launch nonstop routes between Kristiansand and key cities in Southern and Central Europe.
Astronics Advanced Electronic Systems, a wholly-owned subsidiary of Astronics Corporation, signed a multi-year agreement with Panasonic Avionics to provide Astronics’ EMPOWER In-Seat Power Systems for installation with Panasonic’s In-Flight Entertainment and Connectivity (IFEC) Systems on Airbus A350 aircraft.
LAN and TAM Airlines, two of Latin America’s leading airlines and part of the LATAM Airlines Group, took delivery of their first Airbus A320s equipped with Sharklets. Powered by CFM, the LAN and TAM aircraft have been delivered at the end of April and will begin operating domestic routes within Chile and Brazil. The two
Boeing Commercial Airplanes first-quarter revenue decreased to $10.7bn on delivery mix and lower services revenue. First-quarter operating margin improved to 11.4%, reflecting the delivery mix and lower R&D, partially offset by higher period costs. During the quarter, Commercial Airplanes delivered the first 777 aircraft produced at a record production rate of 8.3-per-month and reached a
Etihad Airways and Jet Airways of India released that the UAE national carrier has agreed to subscribe for 27,263,372 new shares in Jet Airways at a price of INR754.74 per share. The value of this equity investment is US$379m and will result in Etihad Airways holding 24% of the enlarged share capital of Jet Airways.
On April 9th, Ameco Beijing completed Boeing 737-800 landing gear exchange and overhaul for Souty Korean based T’way Air. It is planned that Ameco will perform another Boeing 737-800 landing gear overhaul for the airline in November, 2014. T’way Air operates five Boeing 737-800 aircraft with regular and charter routes in Japan, Thailand and Taiwan,
Bombardier Aerospace and RwandAir of Kigali, Rwanda have signed a firm purchase agreement for one Q400 NextGen turboprop airliner. Based on the list price of the Q400 NextGen aircraft, the order is valued at approximately $33m. RwandAir will become the 12th operator of Q400 and Q400 NextGen aircraft in Africa, and its Q400 NextGen aircraft
Vueling, the Spanish low cost carrier based in Barcelona, is to become part of International Airlines Group (IAG) after the majority of its shareholders accepted IAG’s cash tender offer for the airline, following recommendation by the Vueling board. IAG’s subsidiary Iberia already owns 45.85% of Vueling’s shares and Iberia’s board agreed not to tender them
