Dubai plans investments totaling $82 billion in aerospace over the next 10 years in support of its aim to become the world’s aviation and logistics hub.
News and issues concerning aerospace companies, including formations, acquisitions, mergers and financials; and announcements of significant aircraft sales, delivery statistics and personnel appointments.
Mubadala Development Co. PJSC, a strategic investment and development company owned by the government of the Emirate of Abu Dhabi, has signed a memorandum of understanding with Boeing to explore aerospace opportunities.
Desperately keen to present a positive image here at Le Bourget following the past two years’ industrial troubles, Airbus is working to ensure the support of production-line workers for its proposals to rationalize the business. Airbus plans to improve earnings before interest and tax by a cumulative $6.6 billion during by 2010 and to generate an additional $2.8 billion annual revenue from 2010.
Boeing has made plans to accommodate any delays in the first-flight schedule for its new Model 787 twin-aisle twinjet now in final assembly at Everett, Washington. The first aircraft is scheduled to be rolled out on July 8 and will be the company’s first new airliner for 13 years. Having overcome various circumstances that already have led to subassemblies arriving incomplete from suppliers, the U.S.
Airlines and other aviation bodies can now assess their carbon output using a new online Carbon Emissions Calculator developed by U.S.-based consultants Back Aviation Solutions. Developed in partnership with flight information and data solutions company OAG, the calculator allows users to calculate their carbon footprints by equipment type, airline, airport, route, country or world region.
European private equity firm Bridgepoint has acquired Global Design Technologies from Stirling Square Capital Partners in a transaction worth $343 million. GDT makes permanent couplings used to connect hydraulic, fuel, air and other tubing in all types of aircraft.
U.S.-based TGV Rockets has completed test firings of a 30,000-pound-class throttleable rocket engine that uses JP-8 kerosene fuel. The first phase of testing was conducted over the past two months at NASA’s Stennis Space Center in Mississippi. The second phase, focused on gaining more information on the performance of the JP-8 fuel, is under way.
Open sharing of data between and among airworthiness authorities was top of the agenda at a Euro-U.S. aviation-safety conference in Prague earlier this month, when
Some 40 of the 400 companies belonging to Farnborough Aerospace Consortium (FAC), a trade association providing support to 1,200 aerospace- and defense-related companies in southern England, are enjoying “exhibition and marketing opportunities” here at Le Bourget. The organization “acts as a catalyst for business between large primes and the supply chain, particularly small- to medium-size enterprises.”
The retiring president and CEO of the Aerospace Industries Association of America, John Douglass, said modifying the U.S export control system could double the trade surplus from the present record $55 million. “We have to get rid of a Cold War philosophy that puts many civil products in the military domain,” he told Aviation International News in an exclusive interview.