The official statistics confirm what the aerospace industry has long anticipated: China’s air transport market is booming. The 2005 annual report of the Civil Aviation Administration of China (CAAC) is yet to be published but all the indications are that the growth targets set for last year in the 2004 report were met.
News and issues concerning aerospace companies, including formations, acquisitions, mergers and financials; and announcements of significant aircraft sales, delivery statistics and personnel appointments.
Appropriately enough, the .aero Worldwide Web domain is sponsoring the Internet café here at EBACE. The Internet’s first industry-specific domain is growing in popularity among aviation companies wanting to set themselves apart from all the dot-coms, dot-nets and dot-orgs on the information super highway.
When he died last year, Ray Siegfried II left Nordam with a clear target–to become a billion-dollar company. “We’re on track for that and we’re in attack mode,” said Rick Armstrong, vice president for international sales and marketing. And both the business aviation sector and the European marketplace represent big factors in this attack strategy, which is why the U.S. group is again exhibiting at the EBACE show.
Aviareto, which manages a new global electronic database identifying parties with a financial interest in civil aircraft, has made its system more user-friendly following processing delays after it came on line two months ago. The Dublin-based agency told EBACE Convention News that it has ramped up its operation to reduce a growing backlog in applications to register information.
Europe continues to be a happy hunting ground for companies selling business aviation, with more grounds for optimism very evident in the latest Business Aviation Outlook research released by Honeywell Aerospace last November. Over the next five years, more than one in four European operators plans to purchase new business jets–a marked increase on the findings from the 2004 and 2003 surveys.
Leitner EDV (Booth No. 1077) has developed custom-tailored software for small to medium-sized maintenance shops. The German company’s LTB/400 system tracks, for instance, service bulletins (SBs) and airworthiness directives (ADs) on the Internet for aircraft in maintenance at a shop.
Satcom1, the European satellite communications service provider, is hiring engineers and sales people in Paris and Copenhagen to meet increasing market demand, the company announced. It acts as a consultant to its customers, offering what the company said are unbiased options about voice and data connectivity aboard business aircraft.
Boeing’s booming airliner programs are boosting the stock values of its suppliers and making them much more visible. As a consequence, first and second tier suppliers are increasingly likely to find themselves takeover targets, according to mergers and acquisitions expert Michael Richter.
EADS has found a solution to save 650 out of 1,050 jobs at the Bordeaux facility of its Sogerma Services subsidiary. France-based TAT group, which now operates its maintenance, repair and overhaul business under the Sabena Technics brand, is taking over the site’s maintenance activity. This will account for 500 employees. EADS will keep the aerostructures activity–another 150 jobs.
General Electric (Hall 4 Stand B7) expects its revenues to grow to a record $12.8 billion in 2006–almost 8 percent more than last year. The U.S. engine maker said here that services are driving the increase.
Sales continue to be brisk, with 1,600 CFM56 orders last year and an expectation for approximately as many this year. Meanwhile, the order book for the GEnx has swelled to almost 600 engines.