While orders notched by European aerospace OEMs and suppliers in the last year have reached record levels, the continued weakness of the U.S. dollar against the euro is eroding profits and putting increased pressure on some companies to move production outside Europe to low-cost and/or dollar-zone countries.
The Aerospace Industries Association (AIA) has launched a counterfeit parts “integrated project team” to create standards for government and industry to reduce the risk of introducing counterfeit parts into the aviation system and “engage” the government to discuss enforcement policies to help prevent counterfeit parts distribution. This does not apply to FAA-approved PMA parts, even those not sanctioned by OEMs.
Iberia and Gestair formed a joint-venture company in Europe that will specialize in providing corporate aircraft maintenance, including AOG, line and scheduled maintenance. Dubbed CorJet Maintenance Europe, the firm also plans to provide logistical support and spare parts for executive aircraft.
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.
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.
Certified Aviation Services was founded in Santa Ana, Calif., in 1990 in response to airline demand for third-party line and ground support equipment maintenance. Today, the company has facilities at 16 airports across the U.S. and serves a number of business aviation operators who fly airliner-size airplanes.
The Aerospace Industries Association (AIA) has launched a counterfeit parts “integrated project team” to create standards for government and industry to reduce the risk of introducing counterfeit parts into the aviation system and “engage” the government to discuss enforcement policies to help prevent counterfeit parts distribution.
European Aerospace and Defense Systems (EADS) is the world’s second-largest aerospace and defense company (after Boeing).
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.
AVPK Sukhoi’s ambition to use U.S.-built avionics on the Russian Regional Jet appear dashed due to an apparent lack of interest on the part of both Honeywell and Rockwell Collins. Honeywell, developer of the Primus Epic avionics software implicated in the certification delay of the Embraer 170, simply failed to respond to Sukhoi’s request for proposals, according to the Russian company.