B/E Aerospace wins $150 million initial launch orders from Bombardier, Dassault and Embraer

B/E Aerospace released that its technologically advanced vacuum waste systems have been selected by a number of major business jet manufacturers for next generation aircraft platforms. These programs are initially valued in excess of $150 million, with volume production commencing in 2011. B/E Aerospace’s vacuum waste management systems were selected for the following new aircraft platforms, including: Bombardier Learjet 85, Dassault Falcon 7X, and Embraer Legacy 450 and Legacy 500.

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B/E Aerospace wins contract to supply cabin lighting for NG Boeing 737 program

B/E Aerospace reported that Boeing has selected B/E Aerospace as its manufacturer of cabin lighting for the next generation Boeing 737 aircraft program. This innovative B/E Aerospace supplier furnished equipment (SFE) system will become standard equipment on all next generation Boeing 737 aircraft, and is part of B/E Aerospace’s $2.3 billion unbooked SFE backlog. Program deliveries are expected to commence in late 2010, with volume deliveries commencing in 2011.

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Hainan Airline adjusts order for ERJ 145 Jet

Harbin Embraer Aircraft Industry Company (HEAI) has reached an agreement with Hainan Airline Company, Ltd. (HNA) to amend the existing contract signed on August 31, 2006, readjusting the original firm order of 50 ERJ 145 jets to the new figure of 25 aircraft. As of April 30, 2009, HEAI had delivered a total of 12 ERJ 145 jets to HNA. According to the new agreement, the deliveries have been rescheduled for completion by the first half of 2011, instead of the original plan by the end of 2010.

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Piper Aircraft acquired by Imprimis to secure new growth opportunities

Piper Aircraft announced that its owner, American Capital Ltd., has sold its 100% stake in the company to Imprimis in a private transaction that aims to secure the long-term success of Florida’s 72 year-old General Aviation company. Imprimis is a corporate finance and investment management firm that operates from its offices in Bangkok, Singapore and Brunei Darussalam. Imprimis intends to invest significant capital in Piper’s current operations to strengthen its position in its traditional markets and support the development of key new products such as the PiperJet. Imprimis was drawn to Piper because of the significant potential that it sees Read more

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Finnair's second Airbus A330 enters service on Delhi route

Finnair’s second Airbus A330 aircraft will make its first commercial flight to Delhi on 1 May after which it will start regular scheduled flights on New York and Delhi routes. Finnair’s first A330 aircraft started flights on the New York route in April. The arrival of the new planes is a part of the extensive long haul fleet renewal. During the current year, Finnair will receive a total of five new Airbus A330 aircraft. The next A330s will arrive in May and June.

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Embraer reports first quarter 2009 net loss of $23.4 million

Embraer recorded first quarter 2009 net sales of $1,154.1 million and a net loss of $ 23.4 million, equivalent to diluted losses per ADS of $ 0.1289. Due to the severe worldwide economic downturn since September 2008, Embraer recorded cancellations of some of the firm orders of its executive aviation backlog as well as deferrals of deliveries scheduled for the commercial aviation segment. As a result, the Company

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BAE Systems to close three UK sites as land sector transformation continues

As part of its on-going transformation programme in the UK land sector, BAE Systems is to close three sites and cut jobs at another three, with the loss of some 500 jobs in the land sector in the UK. All the sites are in the company’s Global Combat Systems (GCS) Vehicles and Weapons businesses, which currently employ 1820 people in the UK. The losses are subject to consultation with trade unions and employee representatives. Guildford, Leeds and Telford will close with the loss of some 330 jobs, 50 jobs will be lost at Newcastle, 7 jobs will be lost at Read more

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Honda Aircraft Company updates HondaJet program

Honda Aircraft Company announced important updates to its HondaJet aviation program including revised first flight and delivery timetables for the company’s industry-leading advanced light jet. Ongoing global aerospace industry business challenges have resulted in a delay in receiving critical components for conforming aircraft production, which will result in a new first flight target of January 2010 and projected first customer delivery in the fourth quarter of 2011. Honda Aircraft Company is partnering with leading aerospace industry suppliers for the manufacture of major subassemblies utilizing proprietary Honda designs and technologies. Delays in delivering some of these critical components to Honda for Read more

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ANA unveils details of emergency plan for FY2009

ANA released more details of its FY 2009 Emergency Plan, which has been in place since the start of the present fiscal year, April 1, and runs to March 31, 2010. The plan is ANA’s map for navigating the global recession and outlines how the company will prepare for the opportunities presented by the expansion of airport capacity in the Tokyo metropolitan area in FY2010. For the present fiscal year, ANA will concentrate its efforts on the following three areas: restructuring its operations, mainly centered on an overhaul of its network; limiting all but strategically necessary investment; and implementing its Read more

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