Bombardier reported net income of $769 million for its fiscal year ended Jan. 31, up 8.8% over a $707 million net profit in its prior fiscal year. Revenue for the year dropped 8.6% to $17.71 billion.

Turkish Airlines confirmed that it has exercised options for 10 Boeing 737-800s and five 737-900ERs, valued at more than $1.2 billion based on list prices.

Elbe Flugzeuge Werke in Dresden said it will start converting one Airbus A320 passenger aircraft into a freighter this fall. The company expects to convert approximately 50 A320/321s into freighters by 2016. Air Works India Engineering was appointed by Rockwell Collins as an authorized dealer for its products and services.

BOC Aviation reached an agreement to lease five A330-200Fs on order from Airbus with Hainan Airlines. The aircraft are scheduled to be delivered in 2012 and 2013 and will be operated by Yangtze River Express Airlines, a subsidiary of the HNA Group. HNA Group Chairman Chen Feng said, "The aircraft will meet our capacity demands which have been increasing on the back of the global economic recovery."

IndiGo selected Pratt & Whitney PW1100G engines to power its future fleet of up to 180 A320neo aircraft, "probably Pratt's largest order in the last 50 years," P&W President David Hess remarked to journalists at a state of the business briefing in West Palm Beach, Fla.