News
SpeedNews has been the source for easy-to-read news and information for executives in the commercial, business, and military aviation industries since 1979. Here you will find the latest industry news along with information on SpeedNews newsletters and aviation industry events.
Latest Aviation News
7/30/2010
EADS reported EUR82m net income on EUR11.4b revenues in 2Q10 vs EUR208m on EUR11.7b in 2Q09; AIRBUS earned EUR97m on EUR7.6b vs EUR430m on EUR8.1b a year ago.
7/30/2010
AIRBUS announced plan to increase monthly A320 Family production rate to 38 per month in August 2011 and to 40 per month in 1Q12; it is currently at 34 and previously announced plan to go to 36 in December 2010. A330/A340 Family production remains at 8.5 per month.
7/29/2010
SOUTHWEST AIRLINES had $112m net income in 2Q10 (vs $91m in 2Q09) on 21% higher revenues, and exercised options with BOEING for 25 737-700s for delivery 2011-2016.
7/29/2010
DASSAULT AVIATION earned EUR248m on EUR2b sales in 1H10 vs EUR121m on EUR1.4b in 1H09; it delivered 45 Falcons vs 26 a year ago.
7/28/2010
BOEING COMMERCIAL AIRPLANES earned $683m on $7.4b revenues in 2Q10 vs $817m on $8.4b in 2Q09, and says it remains focused on delivering 460-465 aircraft in 2010, including the first few 787s and 747-8s (although it says there is added pressure to schedules and risk that these deliveries could fall into 2011).
7/27/2010
UNITED and CONTINENTAL received unconditional clearance from the European Commission on the airlines' proposed merger, and announced that Continental's Jeff Smisek will take over as President and CEO of the newly formed airline; United's John Tague and Kathryn Mikells (CFO) will be leaving company when merger is completed in 4Q10.
7/27/2010
LOCKHEED MARTIN had $825m net income on $11.4b sales in 2Q10 vs $734m on $11.1b in 2Q09.
7/26/2010
AIR BERLIN accepted an invitation to join oneworld alliance and develop cooperative agreements with AMERICAN and FINNAIR.
7/26/2010
SINGAPORE AIRLINES GROUP reported net income of S$253m in 2Q10 (vs S$307m loss a year ago) on 20.7% higher revenues.
7/23/2010
EXTRA AIRCRAFT selected Montrose, CO as site for new US headquarters and 40,000 sq ft production center for its single-engine turboprop and family of sport/aerobatic aircraft.
7/23/2010
ADS reports that $47b of business was announced at this week's Farnborough International Airshow, down from $88.7b in orders announced at 2008 show (and vs $46b in 2006); trade visitors were down about 8%.
7/22/2010
Aircraft manufacturers -- BOEING, AIRBUS, EMBRAER, BOMBARDIER, ATR, SUKHOI and IRKUT -- announced orders/order commitments for 975 commercial aircraft at this week's Farnborough International Airshow.
7/21/2010
AMERICAN AIRLINES ordered 35 more 737-800s under MD-80 replacement program; it expects to be operating 195 737-800s by end of 2012.
7/21/2010
BOMBARDIER forecasts delivery in 2010-2029 of 12,800 20-to-149-seat commercial aircraft worth US$612b and 26,000 business jets worth US$661b.
7/21/2010
CESSNA AIRCRAFT earned $3m on $635m revenues in 2Q10 vs $48m on $871m in 2Q09; it delivered 43 jets vs 84.
7/21/2010
AIRBUS announced orders from THAI AIRWAYS for seven A330-300s, GARUDA for six A330-200s,and GERMANIA for five A319s; and ALAFCO converted its 12 A350-800s to -900s.
7/20/2010
US DOT granted antitrust immunity (with certain conditions) for global alliance being formed by AMERICAN AIRLINES with British Airways, Iberia, Finnair and Royal Jordanian.
7/20/2010
GOODRICH and MUBADALA AEROSPACE plans to establish joint venture in UAE for landing gear maintenance/repair from 2012.
7/19/2010
EMBRAER announced orders from FLYBE for 35 E175s (plus 105 options/purchase rights), AIR LEASE CORP (Hazy) for 15 E190s, TRIP LINHAS AEREAS for two E190s and AZUL for five E195s.
7/19/2010
EMBRAER forecasts delivery of 6,875 30-to-120-seat jet aircraft worth US$200b in 2010-2029, including 2,895 in 2010-2019.
7/19/2010
AIRBUS announced orders from AIR LEASE CORP (Hazy) for 20 A321s and 31 A320s, from GECAS for 60 A320 Family aircraft, and from AEROFLOT for 11 A330-300s.
7/19/2010
BOEING announced orders from EMIRATES for 30 777-300ERs and GECAS for 40 737-800s.
7/16/2010
AIRBUS celebrated topping-out of 15,000 sq meter A350 XWB fuselage assembly hangar in Hamburg; production of CFRP shells is slated to begin in early 2011.
7/15/2010
AIR LEASE CORP (ALC) was officially launched by former ILFC executives, Steven Udvar-Hazy and John Plueger, for aircraft leasing. It says it has secured >$3.3b in initial financing ($1.3b equity capital and $2b committed debt financing) and aircraft acquisitions are already underway (TBA).
7/15/2010
BOEING says it could push delivery of first 787 to ANA into early 2011 following certain issues related to instrument configuration and previously announced inspection work that have pushed its scheduled margin slightly; it has not yet made any final decision.
7/15/2010
BOEING forecasts delivery in 2010-2029 of 30,900 new aircraft (1,920 regional jets; 21,160 narrowbodies; 7,100 widebodies; 720 VLAs) worth $3,600b based on annual 5.3% pax and 5.9% cargo growth.
more info. . .
7/15/2010
GOODRICH and TURKISH TECHNIC agreed to form joint venture in Istanbul to provide nacelle and thrust reverser repair/overhaul.
7/14/2010
QANTAS accelerated delivery of eight of its 50 787s on order by two years; its first will be delivered in mid-2012 for operation by JETSTAR.
7/13/2010
EUROCOPTER has EUR1.5b Airbus contract to develop/manufacture A350 XWB pax/cargo doors out of Donauworth, Germany.
7/13/2010
UK trade association ADS reports that aerospace/defense revenues were GBP22.2b in 2009 (up 5.4% vs 2008) and workforce levels held steady at just over 100k.
7/12/2010
VOLVO AERO agreed to sell VOLVO AERO SERVICES, FL (aftermarket) to an undisclosed party to focus on its core operations.
7/12/2010
GE AVIATION SYSTEMS and AVIC was selected by COMAC to supply avionics core processing system, display system and onboard maintenance system for C919 under previously announced joint venture.
7/11/2010
SAFRAN made bid to acquire ZODIAC AEROSPACE, which has rejected the takeover.
7/9/2010
EADS (A330-based KC-45), BOEING (767-based NewGen Tanker) and US AEROSPACE (Antonov aircraft) each submitted their proposals to USAF for KC-X Tanker Replacement Program.
7/9/2010
HONEYWELL was selected by COMAC to supply the wheels and brakes, brake control system, and tires for the C919.
7/8/2010
EMBRAER delivered 69 aircraft in 2Q10: two ERJs, 27 E-Jets, 39 Phenoms and one Lineage 1000.
7/8/2010
ITP acquired Mexicana's 25% stake in ITR, Mexico, and now owns 99.98%.
7/7/2010
MAGELLAN AEROSPACE (UK) was selected by Airbus to manufacture pylon secondary support structure (using machined aluminum) for A350 XWB out of Bournemouth and Wrexham.
7/6/2010
Southern California-based US AEROSPACE and ANTONOV formed partnership to bid on USAF Tanker Replacement Program with either of three models: AN-124-KC, AN-122-KC (variant of the AN-124-100), and AN-112-KC.
7/6/2010
AIRBUS delivered 44 aircraft (35 A320 Family; seven A330s; A340; A380) in June vs 49 (38 A320s; nine A330s; A340; A380) in June 2009. It delivered 250 (201 A320 Family; 40 A330s; two A340s; seven A380s) in 1H10 vs 254 in 1H09.
7/6/2010
ZODIAC AEROSPACE agreed to acquire SELL (galleys) from the Premium Aircraft Interiors Group.
7/5/2010
ALITALIA joined AIR FRANCE-KLM and DELTA on their trans-Atlantic joint venture, adding Rome as a core hub.
7/2/2010
LUFTHANSA ordered eight more CRJ900NGs in deal valued at US$317m, and has now ordered 117 CRJs, including 62 CRJ100/CRJ200s, 20 CRJ700s and 35 CRJ900s.
Speednews News Feed
SpeedNews
SPEEDNEWS is published weekly and reports in an easy-to-read format the latest news and developments in the commercial and business aviation industries. Also included with a subscription to SPEEDNEWS, is SPEEDNEWS TODAY, a daily e-mail supplement designed to bring the reader the top news of the industry in a more timely fashion.
Defense Bi-Weekly
SPEEDNEWS DEFENSE BIWEEKLY reports the latest news and developments from the military aviation industry in the same concise format as SPEEDNEWS.
Aircraft Insider
AIRCRAFT INSIDER is a weekly publication designed for the aircraft and engine trader. Each issue contains aircraft transactions reported in SPEEDNEWS and includes the world's leading paid listings for aircraft, engines and APUs for sale.
Latest Industry Events
SpeedNews hosts a comprehensive calendar of aviation industry air shows, exhibitions, conferences, meetings and workshops around the world. Find the information you need about upcoming events.