Revenues Increase 15 Percent, Net Income Rises 19 Percent
EADS reports that it achieved strong revenue and underlying profit growth for the full year 2012. Despite a difficult macro-economic environment, EADS saw continued momentum in its commercial activities while defence revenues were broadly stable.
The first A350 XWB – MSN001 – now showing its completed wings, has moved to its next phase of ground testing, from Roger Béteille A350 XWB FAL “Station 30” to the Clément Ader area “Station 18” in Toulouse. The aircraft is structurally complete and shows the installed winglets, belly fairing panels, main landing gear doors.
Honeywell Avionics And Other Components Figure Into Company's Plan
China Eastern Airlines has extended a strategic partnership with Honeywell Aerospace by signing several agreements to increase the safety, efficiency and performance of its growing fleet of aircraft. Through these agreements, Honeywell will provide a range of avionics products for 58 new Boeing 737NG aircraft, scheduled to be delivered over the next five years. Honeywell will also provide wheels and brakes for 15 new Airbus A330 aircraft. This would bring the total number of Airbus A330 aircraft in China Eastern Airlines' fleet equipped with Honeywell wheels and brakes to 51 by 2015.
Contract To include Aircraft, Flight, Maintenance Training And Spares
Viking Air of Victoria, BC, Canada and Malaysia Airlines, of Kuala Lumpur, Malaysia, have signed an agreement for six DHC-6 Twin Otter Series 400 aircraft for operation by Malaysia Airlines’ subsidiary, MASwings. MASwings will become the first Malaysian-based operator of the new Viking Twin Otter Series 400, making it the nineteenth country to be added to the expanding global customer list.
The highly-successful University Gateway Program, a four-way collaboration with JetBlue Airways, Cape Air, the University of North Dakota (UND) and Embry-Riddle Aeronautical University (ERAU), has added another airline. Atlanta-based ExpressJet Airlines, the largest regional airline in the world, will partner with Cape Air to provide a parallel path for aspiring pilots to join JetBlue.
Airplanes Purchased By Malaysian Airline System Berhad (MAS) From Company's Joint Venture Portfolio
AAR and its joint venture partner have completed the sale of 10 Boeing 737-400 aircraft to Malaysian Airline System Berhad (MAS), which the Company announced in November 2012. The sale is consistent with the Company's stated goal to reduce its investment in aircraft leasing. AAR's portfolio now includes four aircraft held in joint ventures and two aircraft that are wholly-owned. At its peak in 2007, the Company held a total of 42 aircraft in its joint venture and wholly-owned portfolios.
Pratt & Whitney and the Hartford chapter of the American Society of Mechanical Engineers (ASME) honored five Distinguished Engineers of the Year at the annual awards dinner in Manchester, CT. during National Engineers Week from Feb. 17 through to Feb. 23. These awards are an opportunity to recognize and promote excellence in the field of Engineering. These recipients are testimony to the value and dedication our innovative engineering delivers to our customers.