Industry
13,082 news found
IndustryBOEING TO RISE PROFITS IN THE LAST QUARTER
SEATTLE, Profits rose 36 percent in the fourth quarter, beating Wall Street forecasts. Aerospace businesses played a relevant role in the increase of profits, compared with 1999. Boeing said it earned... more
IndustryBBA GROUP AND GULFSTREAM TO JOIN FORCES
UK, The british firm BBA Group and the US jet builder Gulfstream signed an agreement. As a part of it, BBA will purchase Gulfstream's engine overhaul and repair business operations at Dallas while Gulfstream... more
Industry64 NEW JETS ORDERED TO SKYWEST AIRLINES
ST. GEORGE, UTAH, Today SkyWest announced an order for 64 additional Canadair Regional Jets: like that the total number of regional jets on firm order is 114. When deliveries are complete (it is believed... more
IndustryU.S. AND EU TO RESUME TALKS ABOUT AIRBUS A3XX (A380) FINANCING
BRUSSELS, The 15-nation European Union and the United States made little progress the last week to resolve a dispute over financing of a new superjumbo jet being built by Airbus Industrie to challenge... more
IndustryNO RESULTS OVER US/EUROPE DISPUTE ON A-380 FINANCING
FRANCE, According to a European Union spokesman, recent talks to solve the dispute between US and Europe over financing of Airbus Industrie's new A380 super-jumbo jet made made little progress. Spkesman... more
IndustryTHAI AIRWAYS BD OKS PURCHASE OF 2 BOEING 747 AIRCRAFT
BANGKOK, Thai Airways International board of directors Thursday approved the purchase of two 747-400 aircraft from Boeing Co., a board member said. Poonsup Piya-Anant, also head of the government's... more
IndustryCIT AEROSPACE SIGNES AGREEMENT WITH CORSAIR
NEW YORK, CIT Aerospace, a division of CIT, announced that it has entered into a sale and leaseback agreement with the French-based charter airline Corsair. The agreement is for one 1999 Airbus A330-200... more
IndustryROLLS-ROYCE TO SECURE USD 1BN MAINTENANCE CONTRACT
GREAT BRITAIN, British aeronautical industries Rolls-Royce, signed a 1 USDbn maintenance contract with American Airlines, to be carried out at Texas Aero Engine Services Ltd. (TAESL) facility. The... more
IndustryCANADIAN GOVERNMENT TO FINANCE BOMBARDIER
OTTAWA, CANADA, The canadian minister Brian Tobin said the $1 billion in below-market financing is an exceptional but necessary measure to protect Canadian jobs and enterprise. Both companies are competing... more
IndustrySAIRGROUP TO SELL DELTA'S BLOCK OF SHARES
ZURICH, SAirGroup sold out its 5 million shares of Delta Air Lines to Salomon Smith Barney Bank. The sale was confirmed by Jean-Claude Donzel, spokesman of SAirGroup who didn't provide details about the... more
IndustryBOEING TO SIGN AGREEMENT WITH MAGELLAN AEROSPACE
TORONTO, Magellan Aerospace Corporation will build wing flaps and other wing-related accessories to its new B717-200 aircraft. The deal worth $400 million. The contract should last until the 500th B717-200... more
IndustryL-3 COMMUNICATIONS BUYS UPGRADE T-45 TRAINER
NEW YORK, L-3 Communications today announced that its Link Simulation & Trining division has been awarded a $2.1 million contract from the Boeing Company to upgrade and reconfigure a U.S. Navy T-45C... more
IndustryJAS TO SIGN AGREEMENT WITH PRATT&WHITNEY
EASTH HARTFORD, USA, Pratt & Whitney Aftermarket Servicesis to provide a fleet management program (FMP) for the airline's PW4158-powered A300-600R aircraft. The agreement covers 44 engines and has an estimated... more
IndustryTEN CESSNA CARAVAN SOLD BY CESSNA VAN NUYS REPRESENTATIVE
WICHITA, KANSAS, Van Nuys Flight Center Cessna representative placed an order for 10 new Cessna Grand Caravans, as the same Cessna has announced today. Van Nuys is the Cessna Authorized Sale Representative... more
IndustryADAM AIRCRAFT ANNOUNCES PRICE FOR M-309
ENGLEWOOD, COLORADO, Adam Aircraft announced that it will offer the first 20 production M-309 twin-engine aircraft at an introductory price of $695,000. The M-309's price includes a full glass panel... more
IndustryAIRBUS: NEW COMPANY TO BE SET UP IN FEBRUARY
FRANKFURT, EADS and BAe Systems today announced to set up the new integrated company at the end of February. An EADS spokesman said BAe Systems PLC will continue to hold a 20% stake in Airbus, with... more
IndustryAIRBUS SUPER-JUMBO SET FOR MORE ORDERS
FRANCE, European plane-maker Airbus Industrie will win orders for up to 30 more A380 super-jumbos early this year as negotiations with Lufthansa, the German airline, and FedEx and Atlas Air. Lufthansa... more
IndustryNEW PRESIDENT FOR INTERNATIONAL AERO ENGINES
EAST HARTFORD, USA, IAE International Aero Engines AG today announced that Stephen N. Heath will be the next President and CEO of IAE, effective February 5, 2001. Mike Terrett, IAE's President since November... more
IndustryROLLS-ROYCE NAMES NEW MD FOR AIRLINES BUSINESS
LONDON, Rolls-Royce today named Mike Terrett, engineer, as the new Managing Director of its Airlines business. He succeeds John Cheffins, who recently joined the Rolls-Royce Board following his appointment... more
IndustryBAE SYSTEMS MAY MAKE JOB CUTS
UK, The defence and aerospace group is considering a new rationalisation including 5000 job losses following the purchase of Marconi defence group. The company is also in discussions with the Ministry... more
IndustryFLIGHT INTERNATIONAL: ITALY LEFT OUT OF A380 PRODUCTION
LONDON, UK, The central section and the front of the fuselage of Airbus A380 will be built in the Aerospatiale firm of St. Nazaire, the wings in Mostyn and Broughton, UK, the vertical impennage will be... more
IndustryDASSAULT AVIATION: 90 ORDERS FOR FALCON JETS
PARIGI, The new was reported by the french newspaper "Les Echos". In 1999 the orders reached 52 units. Then growth was huge in the last year. So the industry has planned to increase the monthly production... more
IndustryROLLS-ROYCE WINS CONTRACT WTH BRITISH AIRWAYS
LONDON, Rolls-Royce has secured a 600 million pound (900 million dollar) contract to repair and overhaul the engines powering British Airways Airbus Industrie A320 fleet. The 20-year agreement was signed... more
IndustryBOEING CLAIMS 489 DELIVERIES IN YEAR 2000
USA, Boeing Commercial Airplanes yesterday announced 489 commercial airplane deliveries in 2000. Commercial Airplanes President Alan Mulally noted operating margins improved throughout the year, even... more
IndustryLOCKHEED MARTIN WINS CONTRACT WITH US AIR FORCE
GREENVILLE, USA, By the three-year contract the company will provide support for the C-5 Galaxy aircraft, an outsized-cargo transport. The deal includes options to extend the contract for further seven... more
IndustryCESSNA:NEW DIRECTOR OF WORLDWIDE SALES NAMED
INDEPENDENCE, KANSAS, Aircraft industries Independence-based Cessna recently announced the promotion of Mark Patterson to Director of Worldwide Sales at the Single Engine Facility. As Director of Worldwide... more
IndustryMITSUBISHI TO BUILD WINGS OF BOEING 747X
USA, According to the "Wall Street Journal" the discussions between Boeing Co. and the japanese manufacturer are progressing and could lead to an agreement within 90 days. Also Tokyo financial newspaper... more
IndustryBOEING: NO SHORTENED 717 FOR NOW
SEATTLE, USA, Boeing Corporation diffused that the project for a shortened 717-200 version will not go ahead for now. Probably Seattle-based aeronautical industry won't go in competition with experienced... more
IndustryJAPANESE COMPANIES TO JOIN B747X PROJECT
TOKYO, According to the japanese newspaper "Nihon Keizai" three japanese companies, Mitsubishi Heavy Industries, Kawasaki, Fuji, are in talks with Boeing Co. to join the superjumbo passenger jet B747X... more
IndustryCESSNA CJ2 MOVING FAST
U.S.A., Cessna will complete six customer deliveries of the Citation CJ2 prior to year-end. The CJ2, introduced in response to market input asking for higer cruise speeds, was one of four new Citation... more
IndustryAIRBUS: A380 TO BE PROFITABLE BY 2012
TOULOUSE, According to Philippe Camus, Co-CEO of EADS, the program's financial break-even point will be achieved with the 250th A380's delivery as early as 2011, no more than five years after the No.... more
IndustryPRATT&WHITNEY TO SIGN CONTRACT EXTENSION ON US AIR FORCE C-17 ENGINES
CANADA, The $750 million contract will continue the off-wing work on U.S. Air Force C-17 engines through 2005. The deal covers the entire C-17 fleet of 533 engines from 2001 to 2005. The package provides... more
IndustryALENIA MARCONI SYSTEMS TO UPGRADE AIR TRAFFIC SYSTEM IN BRAZIL
MILAN, Alenia Marconi Systems, joint venture between Finmeccanica and Bae, will also play a leading role in the construction of the new air defence system of Austria. The contract with Brazil worth $90... more
IndustryAMADEUS GLOBAL TRAVEL DISTRIBUTION TO EXPECT REVENUE TO GO UP FROM QANTAS CONTRACT
MADRID, The 10 year contract is about the running of the reservations systems of Qantas Airways. Amadeus said it expects sales of as much as 170 million euros ($155.7 million) from the contract. It will... more
IndustryFRANCE TO SELL DASSAULT SYSTEMES STAKE
FRANCE, The government should sell its 16% stake in the second half of next year. The stake worth about $1,25 billion. Dassault creates design software for aerospace companies such as DaimlerChrysler. more
IndustryUSA: CONGRESS PROVIDES FUNDING TO BUILD 120 C-17S
WASHINGTON, The funding will be provided through mud-2003. The planes are scheduled to be delivered through November 2004. Boeing has proposed another 60-plane extension. Boeing C-17 is the backbone of... more
IndustrySAABTECH: BILLIONAIRE ORDERS
SWEDEN, Two SaabTech firms recived in the last few days billionaire orders: SaabTech Electronics AB has received an order for the adaptation and qualification of radar warners for the German Armed... more
IndustryBOEING RECEIVED 737-800 AIRCRAFT OPTIONS
SEATTLE, USA, Boeing received from German airline Hapag-LLoyd Flug confirmation for three 737-800 aircraft option, and Amsterdam-based Transavia airline has optioned further two. Deliveries are expected... more
IndustryBOMBARDIER SELLS FOR THE FIRSTH TIME AN AIRCRAFT IN SENEGAL
CANADA, Bombardier Aerospace announced today its first ever aircraft sale in Senegal with the purchase of a 50-seat Q300 turboprop airliner by Air Senegal International.The aircraft will be delivered in... more
IndustryPRATT & WHITNEY CANADA SERVICES 50,000TH ENGINE
LONGUEUIL, QUEBEC, Pratt & Whitney Canada Corp. (P&WC) has achieved a major milestone in the aftermarket business with the servicing of a 50,000th engine by its Service Centre Network which is comprised... more
IndustryAIRBUS: FIRST A380-100 TO BE DELIVERED IN 2006
TOULOUSE, FRANCE, The french industry said the first parts of the aircraft will be delivered to the Toulouse assembly plant in 2003. The first test flight are scheduled for the end of 2004. more
IndustryBOEING SIGNS BILLION-DOLLAR CONTRACT WITH AUSTRALIA
SEATTLE, Boeing today signed a contract with the Commonwealth of Australia for the development and acquisition of Project Wedgetail, an airborne early warning & control (AEW&C) program. The contract... more
IndustryNEW DIRECTOR OF CARAVAN WORLDWIDE SALES NAMED FOR CESSNA
USA, John Doman has been named Director of Worldwide Sales for the Caravan Division. He has held previous Cessna positions as Single Engine Director of Sales. more
IndustryNEW TENSIONS BETWEEN USA AND EUROPE ABOUT STATE AIDS FOR A3XX
BRUSSELS, Europe reacted angrily to US and Boeing concerns about the official launch of Airbus A3XX and the aids the project received from european countries. US said the aids could affect the commercial... more
IndustryBOMBARDIER DELIVERS 36TH CRJ200 TO ATLANTIC COAST
VIRGINIA, USA, Bombardier Aerospace has delivered the 36th CRJ200 regional jet to Atlantic Coast Airlines Holdings di Dulles, Virginia. Atlantic Coast recently announced a follow-on CRJ200 order for 27... more
IndustryBOEING SIGNED A CONTRACT WITH FEDERAL EXPRESS
SEATTLE, Boeing will modify 19 MD-11 passenger airplanes to freighters. As part of the agreement, Boeing Airplane Services will perform the engineering and parts procurement, in addition to completing... more
IndustryTODAY LAUNCHED A3XX
TOULOUSE, At meeting held in Toulouse today, the Airnus shareholders, EADS and BAE SYSTEMS, officially approved the launch of the A380, formaly known as the A3XX. This decision heralds a new era in the... more
IndustryROLLS-ROYCE TO SIGN AGREEMENT WITH SOUTH AFRICAN AIRLINK
SOUTH AFRICA, The south african airline placed an AE 3007 engine order worth $235 million to power 70 Embraer RJ 135 regional jets. Meanwhile British Regional Air Lines has awarded Rolls-Royce an $80 million... more
IndustryFRANCE AND USA TO FORM DEFENCE ELECTRONIC JOINT VENTURE
PARIS, FRANCIA, U.S. Raytheon and french Thales, formerly known as Thomson-CSF, agreed a joint venture to produce defence electronic systems. The $500 million contract includes control system supporting... more
IndustryABOUT A3XX
TOULOSE, Airbus' A3XX, that will be launched tomorrow in a conference on Toulose, is a giant aircraft that will be able to transport almost 600 passengers. It accomodates inside 2 floors connected by... more