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| Aerospace Industry |
GE Finalizes Walter Engines Acquisition
August 01, 2008
Almost a year after first unveiling the deal, GE Aviation last month announced the completion of its acquisition of Prague, Czech Republic-based turboprop engine maker Walter Engines. The new GE division will operate as Walter Aircraft Engines. GE plans to increase production of the Czech-made engines to 500 per year by 2010 and said it would introduce an...
moreNegotiations continue in Socata, Daher pairing
August 01, 2008
Recent industry scuttlebutt that Daher Aerospace will take a majority stake in EADS Socata is likely to be confirmed next month following “exclusive negotiations” between the two companies announced last month. Although an EADS spokesman said the negotiations would not be complete before next month, French business daily Les Echos reported that EADS would...
moreExecuJet: Pre-owned Market Booming
August 01, 2008
Zurich-based ExecuJet Aviation Group has created a pre-owned business aircraft division with sales representatives in the U.S., Europe, South Africa and the Middle East. Last year, ExecuJet logged $300 million in sales of pre-owned aircraft in the Middle East, with more than a dozen transactions, representing nearly 50 percent of ExecuJet’s total...
moreEmirates: “no downturn whatsoever”
July 18, 2008
Speaking on the sidelines about FlyDubai’s order announcement for 50 Boeing 737-800s on Monday, Emirates Airline deputy chairman Maurice Flanagan made it clear that his airline hasn’t suffered from the business woes about which other airlines are complaining. “There has been no downturn whatsoever,” said Flanagan here at Farnborough. “We have exceeded our...
moreEurocopter UK to grow four-fold by 2013
July 18, 2008
Eurocopter CEO Lutz Bertling issued a prediction here this week that Eurocopter’s market share in 2008 will stay above 50 percent. “The only market that is suffering a bit is the corporate/VIP one in the U.S.,” he said. The company expects turnover to grow by 6 to 8 percent over last year’s e4.17 billion ($6.5 billion). It expects the number of deliveries...
moreAbu Dhabi companies announce plans
July 18, 2008
In its effort to catch up with fast-growing neighbor Dubai as an aerospace hub, Abu Dhabi companies announced several key developments here at the Farnborough show. The deals will launch tier-one aerospace manufacturing in the Arabian Gulf, and significantly expand local maintenance, repair and overhaul capability.EADS and local sovereign wealth fund...
moreNWAA plans supercluster
July 18, 2008
England’s North West Aerospace Alliance (NWAA), which represents 750 member companies and “stakeholders” and generates an estimated $12 million-plus a year, plans to develop its aerospace supply chain excellence (ASCE) program into a “close-coupled ‘supercluster’ built on a knowledge-based economy.” Under ASCE, by next March some $16 million funding is...
moreDiverse Hamilton Sundstrand sitting pretty as orders pile up
July 17, 2008
Equipment and systems supplier Hamilton Sundstrand has announced pre-show product-support agreements worth almost $350 million. It also won contracts to supply power controllers for the Airbus A350 and control systems for Pratt & Whitney’s PW810C and PW1000G engines. The company’s NP2000 propeller is flying test missions on a C-130, while its propeller for...
moreRussia’s Irkut growing as product line diversifies
July 17, 2008
Boasting an order book amounting to $4.6 billion, Russia’s Irkut Corporation reported here at Farnborough profits of $165 million on revenues that exceeded $1.3 billion last year. The total is three times more than the net profit it registered in 2006, according to Oleg Demchenko, president of the Irkut Corporation. He also announced that Irkut held a 15...
moreGKN advances composite and metal techniques
July 17, 2008
GKN Aerospace announced here at Farnborough that it is expanding its metallic and composite manufacturing techniques. Acquisitions have boosted its metallic capabilities, while the company’s Composites Research Center is nearing completion of three years’ work on the integrated wing, advanced technology verification program.The acquisition just over a year...
moreDoncasters Invests In Plasma Spray Facility
July 17, 2008
Doncasters is investing close to $350,000 to develop the plasma spray facility at Doncasters Airmotive and Doncasters Aerospace Components in Shrewsbury, UK. Plasma spray technology is used to apply various metallic and ceramic coatings onto components by feeding the metallic or ceramic powder into a plasma flame with intense heat that melts the powder and...
moreBoeing Expects Strong Earnings
July 17, 2008
Despite a second-quarter charge of approximately 22 cents per share for delays on its airborne early warning & control (AEW&C) program, Boeing expects per-share earnings of $5.70 to $5.85 in 2008. The company also continues to expect strong double-digit earnings growth in 2009 with earnings per share unchanged at $6.80 to $7. The pre-tax charge on...
moreF’boro organizers to help launch Bahrain airshow
July 17, 2008
Farnborough International Limited (FIL), organizers of the Farnborough International airshow, will collaborate with Bahrain on a new airshow in January 2010.The Royal Bahrain Air Show will take place over three days at the Sheikh Isa airbase in Bahrain. FIL will undertake the role of airshow organizer, providing technical and professional advice, as well as...
moreRuag Buys Saab’s Space Business
July 17, 2008
Switzerland’s Ruag has acquired Saab’s space business (Saab Space, based in Gothenburg), including its subsidiary, Austrian Aerospace, for 335 million Swedish Krona ($56 million) and additional consideration based on future performance. Saab said that it has “not been able to achieve sufficient synergies with other operations within Saab,” although the...
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