Air cargo traffic is set to bounce back after enduring a lean period in recent years. This was the main conclusion of Boeing’s latest biennial World Air Cargo Forecast, published at the October 7 International Air Cargo Forum and Exhibition in Seoul, South Korea. The airframer predicts that air freight traffic will increase at an annual rate of 4.7 percent over the next 20 years, and is expected to double in volume by 2033.
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GA Telesis has signed a long-term agreement with Boeing to sell aircraft and engine material through the Boeing Part Page. GA Telesis is providing overhauled, repaired and new surplus material through a new section of the Boeing Part Page called Part Page Marketplace.
Singapore Technologies Aerospace, through wholly owned subsidiary ST Aerospace Engines, will be injecting a pro rata share of $20.8 million as additional capital into its Xiamen-based engine MRO joint-venture company, ST Aerospace Technologies (Statco). The planned capital injection is subject to regulatory approvals by the Chinese authorities. Upon transfer of the funds, STA Engines’ total share capital contribution in Statco will stand at $41.6 million. Statco provides MRO and support services for the CFM56-7B engines that power the Boeing 737.
The healthy crop of new airliner orders announced by Boeing during July’s Farnborough International Air Show made a big impact on U.S. trade figures. New Department of Commerce data on manufactured durable goods revealed that orders announced at the biennial show for at least 228 new Boeing aircraft saw total orders in this sector rise by 22.6 percent in July to total $300.1 billion.
Final assembly of the Boeing 787-10, the newest and longest member of the Dreamliner family of airplanes, will take place exclusively in North Charleston, S.C., the manufacturer announced today.
Pratt & Whitney has enlisted IBM to improve the engine fleet management and health “solutions” the engine company offers its customers. Pratt, with IBM’s help, plans to broaden its current engine performance monitoring capabilities.
Boeing’s centerpiece display at the show, the 787-9 not only represents a revolution in technology, but perhaps more important, it embodies a validation of the company’s decision a year and a half ago to reorganize its management structure to segregate airplane development from production.
Exelis (Chalet C4A) has received processor qualification designation from Boeing for its composite design and manufacturing center in Salt Lake City, Utah. The qualification, achieved after a technical review against six Boeing specifications (BAC5578 and BAC5317-1 through -5), designates Exelis as an approved supplier of advanced, composite-structures to the Boeing supply chain.
Boeing Commercial Airplanes has finally reached a period of stability after several years of struggle with the 787 Dreamliner and a three-year period in which it executed 15 production-rate increases across its product line, according to senior v-p and general manager of airplane programs Pat Shanahan.
Established trends in predicted long-term jetliner requirements will likely continue with little change to the market breakdown by aircraft size, according to latest Boeing 20-year forecast statistics, which were unveiled in London on the eve of the 2014 Farnborough Airshow. Overall, the U.S.
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