Deliveries of piston aircraft and turboprops fell during the second quarter while business jet shipments rose when compared to the same time a year ago.
Brazilian planemaker Embraer recorded lower revenue and earnings in the second quarter of 2015 amid lower commercial jet deliveries but higher business jet shipments.
Redesign of the wing is the major driver behind a two-year delay in entry into service of the Bombardier Global 7000 long-range, large-cabin business aircraft, to the second half of 2018, says CEO Alain Bellemare.
Aero-engine manufacturer Rolls-Royce says it is positioning itself for long-term growth despite falls in revenues and profits in the first six months of this year.
Don’t expect the deadline to comply with the FAA’s NextGen mandate to move beyond 2020, FAA Administrator Michael Huerta said during a meeting with reporters at AirVenture Oshkosh. It won’t.
R. Keith Johnson has been appointed general manager of Commercial Jet Services, which provides maintenance, repair and overhaul services to the passenger and cargo aviation industry. Johnson replaces John Schildroth, who resigned to pursue other interests. He most recently served as vice president of operations for one of AAR’s repair stations.
Precision Castparts Corp. has reached a deal to acquire Noranco, which manufactures complex components and assemblies, from MidOcean Partners and PSP Investments for $560 million.
France’s Dassault Systemes is partnering with Wichita State University’s National Institute for Aviation Research to establish an advanced manufacturing center on the university’s planned Innovation Campus.
The market for general aviation aircraft in North America is doing well, said Scott Donnelly, chairman of Textron, Textron Aviation’s parent company. But international markets are tough.
