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 24, 2008 - 10:08am

DAE Capital, the aircraft leasing and financial business arm of Dubai Aerospace Enterprise (DAE), has signed a deal with Aviation Partners Boeing (APB) to buy 50 shipsets of Blended Winglets for its new 737-700/800 Next Generation aircraft.

September 17, 2008 - 11:17am

PMA parts manufacturer Heico reported it is on track to meet its 2008 earnings-per-share guidance. The Hollywood, Fla. company’s net income increased 18 percent, to a record $12.827 million, or 47 cents per diluted share, for the third quarter of Fiscal Year 2008, up from $10.914 million, or 40 cents per diluted share, for the same period last year.

September 15, 2008 - 9:47am

Britain’s GKN has agreed to buy the wing component and assemblies manufacturing unit at Airbus’s Filton, UK plant, the companies announced today.

September 9, 2008 - 9:30am

Airbus presented to its unions today a plan for new cost-cutting measures designed to add €650 million ($928 million) in savings to the €2.1 billion ($3 billion) target prescribed by the Power8 restructuring program. Called Power8 Plus, the initiative extends the existing Power8 program from 2010 to 2012, accounting for €350 million ($500 million) in savings.

September 9, 2008 - 6:33am

Spirit AeroSystems said yesterday that it would take “immediate action” to cut production volumes on Boeing products in response to the strike by 27,000 members of the International Association of Machinists (IAM) at several Boeing factories. Boeing’s machinists walked off the job Saturday after a 48-hour emergency bargaining session failed to produce a settlement.

September 4, 2008 - 9:56am

Mitsubishi Aircraft has signed a support contract with Boeing under which the Chicago-based company will serve as a consultant on the 70- to 90-seat Mitsubishi Regional Jet, the Japanese company said today.

Under the terms of the contract, Boeing will help with marketing, development and aftermarket activities for the pair of new regional jets, the first of which the companies expect to reach the market in 2013. 

September 3, 2008 - 12:08pm

Bombardier’s sole CRJ1000 prototype took to the air for the first time today, marking the successful start of a flight-test regime expected to last until the fourth quarter of next year. Test pilots Jacques Thibaudeau and Chuck Ellis and flight-test engineer Eugene Lardizabal took off at 10:02 a.m. EDT and flew CRJ1000 S/N 19991 for three hours and 25 minutes. The aircraft reached an altitude of 30,000 feet and a maximum speed of 260 knots.

September 3, 2008 - 11:09am

AvSupport’s PartsLogistics aircraft parts sourcing system has a new feature that allows users to conduct batch searches. A batch can include more than 20 search items, and results are delivered in text file format. PartsLogistics also added an online forum where users can post available parts or parts needed and discuss industry issues or seek answers to questions.

September 3, 2008 - 10:59am

The FAA is looking for comments from the industry on a revision of Order 8120.2, production approval and certification management procedures.

September 3, 2008 - 6:26am

The Society of Professional Engineering Employees in Aerospace (SPEEA) has publicly called on Boeing to “face the fact that the global network is a failure and bring the critical work back so the experienced employees can get the 787 back on track.”