Singapore Airlines (SIA) has announced that it will order 25 more widebody aircraft from Airbus, comprising five double deck A380s and 20 A350-900s. The aircraft will be powered by Rolls-Royce Trent engines. The latest A380 order will be the third to be placed by the airline, bringing the total number of A380s ordered by SIA
Hawaiian Holdings, parent company of Hawaiian Airlines, reported third quarter 2012 adjusted net income of $40.6m, reflecting economic fuel expense, and GAAP net income for the third quarter of 2012 of $45.5 million. The Company reported operating income of $74.9 million in the third quarter of 2012, compared with operating income of $60.9 million in
JorAMCo signed a contract with Air Arabia to provide the UAE-based carrier with heavy maintenance services and to perform re-delivery checks for five of its A320 aircrafts. Air Arabia is the first and largest low-cost carrier in the MENA region operating scheduled services linking the three hubs in UAE, Morocco and Egypt with nearly 80
Boeing reported third-quarter net income of $1.0bn on continued strong core performance and revenue of $20.0bn. Increased earnings at Commercial Airplanes and Defense, Space and Security were more than offset by higher pension expense of $194m. Earnings per share guidance for 2012 was raised to between $4.80 and $4.95. The company also raised its revenue
Component Control released that Wipaire, a manufacturer of aircraft floats, as well as a full-service aircraft repair/modification facility, has chosen Quantum Control to manage its core manufacturing business and extensive array of aftermarket aircraft services. Wipaire is a Cessna Authorized Service Station, Viking Twin Otter and Quest service center that also provides avionics, interior, refinishing,
B/E Aerospace announced third quarter 2012 financial results. Revenues of $766.7m increased 20.6%, Operating earnings, adjusted to exclude acquisition, integration and transition (AIT) costs, were $138.9m, an increase of 23.9% and adjusted operating margin of 18.1% increased 50 basis points. Operating earnings, on a GAAP basis to include AIT costs, were $134.3m. Net earnings adjusted
A newly formed technology center created by Boeing and Commercial Aircraft Corp. of China (COMAC) has announced that Hangzhou Energy Engineering & Technology (HEET) will conduct the center’s first research project. HEET, a company with experience developing alternative energy technologies, will focus on ways to convert discarded cooking oil into a component of sustainable aviation
The Government has approved a £1.4m bid for the creation of a unique aerospace ‘supplier village’ on the former Michelin site. The announcement made on 19TH October, by the Deputy Prime Minister, Nick Clegg, as part of the Government’s Regional Growth Fund, will create a logistics hub and attract manufacturing ‘supply chain’ businesses to the
MTU Aero Engines Holding AG continues to grow: In the first nine months of 2012, the company posted an increase in revenues of 19% to €2,468.0m (1-9/2011: €2,067.3m). Operating profit rose by 13% from €245.3m to €278.0m. The operating margin reached 11.3% after 11.9% in the equivalent period last year, while earnings after tax also
On October 23rd Boeing began building the first 777 at the highest rate ever for a Boeing twin-aisle airplane. The rate of 8.3 airplanes per month is a nearly 20% increase over the previous seven per month rate. The first part, the lower lobe of the aft fuselage, of the first 777 to be built
