CAE has reported strong annual performance despite the COVID-19 impact during its fourth quarter of fiscal year 2020. Annual revenue was CA$3.6 billion, up 10% over the prior year. Annual segment operating income was CA$537.1 million compared to CA$480.6 million in fiscal year 2019. Annual segment operating income before specific items was CA$590.4 million, up
Airbus’ U.S. production capabilities has begun with inauguration of the completed A220 commercial aircraft final assembly line (FAL) in Mobile, Alabama. The 270,000-ft² facility – which can produce both the A220-100 and A220-300 versions – houses five primary assembly stations where major airframe component assemblies come together for a completed aircraft. Airbus’ production team in
In response to previously reported COVID-19 F-35 supplier delays, Lockheed Martin is taking proactive measures to mitigate impacts and position the program for the fastest possible recovery by adjusting work schedules, maintaining specialized employee skillsets, and accelerating payments to small and vulnerable suppliers, to continue meeting customer commitments. Lockheed Martin and the International Association of
AKKA Technologies and Avianor, the majority-owned affiliates of DRAKKAR’s Aerospace & Ground Transportation Division, have signed a collaboration agreement for Avianor’s Passenger-to-Freighter conversion solution, certified by the Canadian civil aviation authority (TCCA), and already embodied on several wide-body aircraft. In order to promote this solution to international markets, AKKA Technologies and Avianor have signed a
A new partnership between the Embry-Riddle Aeronautical University and GE Aviation is improving aviation safety education by providing students and faculty with access to a leading flight data analytics platform — opening doors to additional applied learning and research opportunities. “Embry-Riddle intends to use the software on all campuses in our aviation safety education courses
Finnair has modified two Airbus A330 aircraft for cargo use by removing economy class seats from the cabin. This way the freight can be carried in the cabin in addition to the cargo hold. With these changes, the cargo capacity of the aircraft up to doubles. The free cabin space will be used mainly for
Chorus Aviation has reported a net loss of CA$17.3 million for the first quarter of 2020, a period-over-period decrease of CA$50.7 million due to the change in unrealized foreign exchange of CA$55.1 million. Adjusted net income of CA$25.0 million, an increase of CA$6.0 million quarter-over-quarter due to the growth in the Regional Aircraft Leasing segment
The Av8 Group has completed its 10,000 ft² expansion at its Houston location. This will provide additional space for the company’s specialized service of landing gear and other component overhauls. The original facility occupied 20,000 ft² of space, and now with the added square feet will have a combined total of 30,000 ft², to service
The Emirates Group has posted a US$456 million profit for the full year 2019/2020, that ended on March 31, 2020, down 28% from the previous year. Emirates recorded a 5% revenue fall to US$28.3 billion with a 15% cash balance increase to US$7 billion. The company announced that it is not paying a dividend in
Gulfstream Aerospace has reported that the second and third all-new Gulfstream G700™ test aircraft have taken flight, further advancing toward certification and customer deliveries of the industry’s new flagship. The second G700 flight-test aircraft had its first voyage on March 20, departing Savannah/Hilton Head International Airport (SAV) and flying for 2 hours and 58 minutes.
