Reading Time: < 1 minute Willis Lease Finance (WLFC) has confirmed that its Willis Asset Management subsidiary has acquired the business and assets of Total Engine Support (TES), the consulting and asset management business of the TES Aviation Group. TES’ parent group went into administration on October 26 but the asset management division of the Bridgend, Wales-based firm will now […]

Reading Time: 3 minutes The Boeing Company reported third-quarter GAAP earnings per share of $3.60 and core earnings per share (non-GAAP)* of $3.51 reflecting overall solid execution on production programs and services, favorable tax items ($0.98 per share), and timing of aircraft deliveries. Revenue guidance has been increased $500 million to between $93.5 and $95.5 billion on higher commercial […]

Reading Time: < 1 minute Estonia-based Magnetic MRO has signed a cooperation with logistics firm Kuehne + Nagel to offer a mutual engine stand management and logistics support solution to their MRO, OEM, airline and leasing customers. The deal will see both firms’ offerings being combined: Magnetic MRO’s EngineStands24.com and Kuehne + Nagel’s KN EngineChain solution, which they said will […]

Reading Time: < 1 minute Boeing Defence Australia has been awarded a five-year contract valued at up to $20 million to provide maintenance to the Army’s new fleet of CH-47F Chinook helicopters at Townsville. “The contract integrates defence industry and Australian Defence Force workforces to provide an efficient, flexible and effective maintenance team for Australia’s Chinook helicopter capability,” Minister for […]

Reading Time: 2 minutes Gulfstream Aerospace Corp. announced it will end production of the Gulfstream G450, one of the company’s most iconic and dependable aircraft, as it prepares to launch a new era of business aviation with the all-new G500. Gulfstream is scheduled to deliver the final G450 to a customer in early 2018. The G450 built on the […]

Reading Time: < 1 minute Bombardier has announced a further round of job cuts with 7,500 positions to go, about two-thirds from the German train division, the rest from aerospace. The company expects to achieve recurring savings of approximately USD$300 million by the end of 2018, it said in a statement. Bombardier will take USD$225 million to USD$275 million in […]

Reading Time: < 1 minute Rockwell Collins has announced an agreement to acquire aircraft interiors supplier B/E Aerospace for $6.4 billion in cash and the assumption of $1.9 billion in net debt. The transaction, which is expected to close in 2017 subject to board approvals of both companies, will blend B/E’s portfolio of galleys, lavatories and oxygen and lighting systems […]

Reading Time: 2 minutes European aerospace giant Airbus has quietly lifted the curtain on an ambitious Silicon Valley project called Vahana. It’s a pilotless passenger aircraft that aims to someday add a vertical component to your commute. Think of Uber-like air taxis that can beat the traffic on Highway 101 by flying over it. Airbus has shared few details […]

Reading Time: < 1 minute GE Aviation has completed the initial ground testing of the first full GE9X development engine, which will power Boeing’s 777X aircraft that is scheduled to begin production in 2017, with first delivery in 2020. GE Aviation GM-GE9x program Ted Ingling said, “During ground testing at GE Aviation’s Peebles Testing Operation, the first GE9X engine performed […]

Reading Time: < 1 minute Pratt & Whitney, a United Technologies Corp. (NYSE: UTX) company, announced that it has entered into an agreement with Satair Group, a leading provider of aftermarket services and solutions for the civil aerospace industry, for the exclusive distribution of PW4000 100-inch engine thrust reverser spare parts. Under the agreement, Satair Group will distribute the spare […]