Aerospace Industry

News and issues concerning aerospace companies, including formations, acquisitions, mergers and financials; and announcements of significant aircraft sales, delivery statistics and personnel appointments.

September 1, 2014 - 3:15am

There were few spectacular announcements of radical new aircraft at this year’s EAA AirVenture Oshkosh show, held July 27 through August 3, but the popular event was well attended, the crowds enjoyed the first-ever appearance of a U.S. military jet aerobatic team–the Air Force Thunderbirds–and there were plenty of exciting attractions.

August 26, 2014 - 2:06pm

The healthy crop of new airliner orders announced by Boeing during July’s Farnborough International Air Show made a big impact on U.S. trade figures. New Department of Commerce data on manufactured durable goods revealed that orders announced at the biennial show for at least 228 new Boeing aircraft saw total orders in this sector rise by 22.6 percent in July to total $300.1 billion.

August 13, 2014 - 3:09pm

Even though sanctions imposed over Moscow’s alleged involvement in the conflict in eastern Ukraine appear not to immediately threaten airliner sales in Russia, the inclusion of certain Kremlin-controlled financial institutions and airlines on so-called “black lists” appears likely to alarm potential investors

August 4, 2014 - 5:10am

For most companies, reputation is the most important possession, and that is particularly true in private aviation. No one is more aware of that than Dana Carr, co-owner, vice president and director of operations with Florida-based charter provider Air Trek. He has been working to restore his family-owned company’s image for the past six years, ever since the FAA revoked its air operator certificate, a move the NTSB later ruled was erroneous. “I was in shock,” Carr recalled before the audience at the National Air Transportation Association’s annual Air Charter Summit.

August 3, 2014 - 12:50am

The European Commission (EC) on July 9 officially launched the Clean Sky 2 joint technology initiative, a €4 billion ($5.44 billion) follow-on to the ongoing Clean Sky research program. It includes a number of projects for business aircraft–both turboprops and jets–as well as regional turboprops and rotorcraft.

August 2, 2014 - 4:45am

The 2014 Farnborough International Airshow (July 14-20) was a dynamic and captivating edition of the long-running biennial event–packed with high-octane sales activity, novelty and a touch of controversy. As of press time, the show was on track to surpass all the main metrics for the 2012 event, with more than twice the volume of announced sales; more than 100,000 visitors on the five trade days; and approximately 1,500 exhibitors (of which 26 percent were newcomers and 15 percent had expanded their presence).

July 31, 2014 - 12:51pm

Bombardier CEO Pierre Beaudoin now will exercise more direct oversight of the three units that comprise the company’s Aerospace division, after years of what he considers substandard performance, the Canadian executive conceded during Bombardier’s second-quarter earnings conference call on Thursday.

July 31, 2014 - 12:05pm

Bombardier confirmed on Thursday that it is engaged in discussions with Chinese interests over possible production of the Q400 turboprop regional airliner in that country, presenting it with another option for advancing the program’s geographical presence while political disturbances threaten to disrupt a planned partnership in Russia.

July 30, 2014 - 12:47pm

Final assembly of the Boeing 787-10, the newest and longest member of the Dreamliner family of airplanes, will take place exclusively in North Charleston, S.C., the manufacturer announced today.

July 30, 2014 - 11:46am

Airbus Group CEO Tom Enders told investment analysts on Wednesday that he doesn’t see an impending end to the upward cycle in demand for airliners despite the spate of order cancellations Airbus’s civil division suffered during the first half of the year.

 
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