Boeing announced today that it plans to change the name of its Alteon training organization to Boeing Training & Flight Services in a phased transition across the organization’s global network “in the months ahead.”
Boeing Integrated Defense Systems has adopted a five-pronged strategy to drive forward through the current downturn, and to continue its growth from an estimated $33- to $34 billion revenues for 2009 in an era of increased focus on costs.
Boeing has embarked on a series of important initiatives–including a joint-venture proposal–that strengthens its ties with India. In the process, the company is hoping to become what Boeing India’s president, Ian Thomas, described as “India’s preferred aerospace and defense partner and provider.” Boeing currently is competing with five of the world’s major fighter manufacturers for a 126-aircraft order from the Indian Air Force.
Nearly four months after Boeing acquired all of FlightSafety International’s interests in FlightSafetyBoeing Training International, set up five years ago to provide training in Boeing airplanes, Boeing is renaming the venture Alteon. Following a transition period, Alteon will become the official name for the company. During the transition period, the company will continue to be known as FlightSafetyBoeing.
Making its first appearance at a global aerospace exhibition since being acquired by Boeing last September, equipment and parts distributor Aviall (Hall 5 Stand A17) is promoting key elements of its range of general aviation, airline and military product lines. Exhibits here include Goodyear aircraft tires, Keddeg and PTI filtration products, Otto Instruments turbine engine wiring harnesses and batteries from Teledyne Battery Products.
Jeppesen’s UK office is now co-located with Boeing Alteon’s new London Gatwick Training Center. The move is intended to provide Jeppesen’s UK operation with room to grow and the ability to expand its range of international trip-planning services. In addition, the Jeppesen UK office now has in place a call center that handles general aviation sales and customer service for the region. Operations at the training facility began last July.
Boeing on Monday reached agreement to acquire Dallas, Texas-based Aviall, for $48 per share or a total of $1.7 billion, plus the assumption of approximately $350 million of debt. Aviall (Booth No. 433) claims to be the largest independent provider of new aviation parts and services in the aerospace industry, with sales of $1.3 billion in 2005.
Aviall, one of the largest independent suppliers of new parts for business, government and commercial aircraft, is being acquired by Boeing. The Chicago-headquartered OEM announced yesterday that it had reached an agreement to buy Aviall for $1.7 billion and operate the company under its current name as a wholly-owned subsidiary.
When Paul Fulchino took the helm as president and CEO of parts distributor Aviall in January 2000, the company’s stock price hovered in the low $8 per share range. “When I came here,” he said, “this was not a pretty place. It didn’t have a value proposition worth anything.”
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