Russian titanium manufacturer VSMPO-AVISMA (Hall 3 Stand B30) has signed a framework agreement covering the supply of titanium products to Airbus and other EADS divisions that could be worth as much as $4 billion through 2020.
IAE has logged its largest-ever aftermarket deal to provide support for engines powering U.S. Airways’ fleet of Airbus A320 family aircraft. The contract runs to 2032 and initially covers 74 aircraft currently in service, along with engines for a further 78 ordered by U.S. Airways last year. According to IAE, aftermarket agreements cover more than half of the V2500s in service.
International Aero Engines has been awarded a follow-on order from Hainan Airlines for V2500 engines to power 13 Airbus A320s. Along with a long-term V2500Select aftermarket agreement, the deal is worth $350 million. The Chinese operator took delivery of the first of 20 V2500-powered A319s in June, becoming the latest Chinese airline to fly the Airbus narrowbody.
Clouds of dry ice swirled around onlookers as Pratt & Whitney revealed a full-scale model of its new “PurePower” PW1000G geared turbofan (GTF) on its stand yesterday. The engine is performing “outstandingly well” in flight tests now under way, said Pratt & Whitney president Steve Finger, who added, “This is the first of a new generation of ultra high bypass engines.”
Despite the prospective onset of possible economic recession triggered by the credit crunch and record-high oil prices, demand for new jetliners remains robust, according to Boeing Commercial Airplanes chief executive Scott Carson. He sees present circumstances as offering airlines a double-edged sword. “We expect present oil price trends to continue.
Eaton Corporation has signed two new multi-million dollar contracts to produce aircraft hydraulic and fuel systems.
Bombardier selected the Irvine, California-based company to supply the hydraulic system for the new Learjet 85 model, and Sikorsky selected Eaton to supply the hydraulic and fuel systems and cockpit components (control panels and dimming controllers) for the new CH-53K heavy-lift U.S. Marine Corps helicopter.
Boeing Commercial Airplanes forecasts a $3.2 trillion requirement for some 29,400 commercial jetliners with capacity for more than 29 passengers from 2008 to 2027, driven by increasing demand for new efficient designs.
Snecma Services has signed a three-year maintenance contract with privately-owned Bahrain Air to support the CFM56-5A engines that power the carrier’s fleet of Airbus A320 aircraft–which will number four by the end of the year.
After regaining profitability for the first time since 2000, the world’s airlines are heading for another downturn, predicts U.S.-based analyst Forecast International in its latest long-term outlook for the industry.
EADS is going global, but not leaving its European roots behind. That message from the company’s management team reverberated this week as it forges ahead with restructuring efforts in a difficult economic climate.