Airbus Group CEO Tom Enders told investment analysts on Wednesday that he doesn’t see an impending end to the upward cycle in demand for airliners despite the spate of order cancellations Airbus’s civil division suffered during the first half of the year.
There have been no airspace or parking problems at London Biggin Hill Airport since the Olympic Games started last week, according to airport business development manager Robert Walters. “There’s lots of space…it’s not bedlam, and slots are flexible and well managed,” he said on Friday during a press conference.
General Dynamics yesterday reported first-quarter 2010 earnings from continuing operations of $599 million, up from $593 million for the same period in 2009, giving much of the credit to gains in the aerospace business segment, which consists of Gulfstream, Jet Aviation and General Dynamics Aviation Services. “It was a good first quarter,” said GD president and CEO Jay Johnson in an investor conference call.
Hawker Beechcraft chairman and CEO Bill Boisture said yesterday during a fourth-quarter update conference call that he was “surprised” at the “timing and magnitude” of the order cancellations from fractional provider NetJets. On Monday, the Wichita-based manufacturer said that NetJets had canceled $2.6 billion worth of orders.
Buying activity on the corporate side of the market has come to an abrupt and unwelcome stop at Sikorsky in the last six months as companies seek to conserve cash and ride out the economy’s troubles. Still, massive contracts for Sikorsky’s military helicopters are helping to keep the black ink flowing, even as some governments scale back spending.