The Organisation for Economic Cooperation and Development (OECD) will cut its 2009 economic growth projection for China to below 6.5 per cent, the Wall Street Journal reported. The OECD's previous forecast, made in November, was 8 per cent, but Richard Herd, the organisation's chief economist, said it was unlikely China will achieve this goal. Last week, the World Bank revised its projection for China's GDP growth to 6.5 per cent from 7.5 per cent. Herd said the OECD's revised figure, which is … [Read more...] about OECD cuts China’s growth figure again
Aircraft Manufacturers
OECD cuts China's growth figure again
The Organisation for Economic Cooperation and Development (OECD) will cut its 2009 economic growth projection for China to below 6.5 per cent, the Wall Street Journal reported. The OECD's previous forecast, made in November, was 8 per cent, but Richard Herd, the organisation's chief economist, said it was unlikely China will achieve this goal. Last week, the World Bank revised its projection for China's GDP growth to 6.5 per cent from 7.5 per cent. Herd said the OECD's revised figure, which is … [Read more...] about OECD cuts China's growth figure again
Final flight test B787 in final assembly
The sixth and final Boeing 787 Dreamliner designated for flight test is now undergoing final assembly in Everett, Washington, the airframe manufacturer said this week. It said progress continues on the fleet with the first flight test airplane, ZA001, getting its paint touched up this week before finishing factory testing. Power was brought onto the second airplane, ZA002, in late February and build verification tests are progressing well. Production work continues on ZA003, ZA004 and ZA005. In … [Read more...] about Final flight test B787 in final assembly
China Eastern sold/leased-back six freighters
China Eastern Airlines (CEA) has recently announced that it reached agreement in August of 2007 for the sale and lease back of six Boeing MD-11 freighters to the aircraft leasing unit of General Electric (GE), Dow Jones reported. The Shanghai-based carrier said it sold the six wide-body aircraft to GE Commercial Aviation Services Ltd. for US$36 to $46 million each. As part of the transaction, China Eastern agreed to lease the planes back from the purchaser for up to 38 months from the date of … [Read more...] about China Eastern sold/leased-back six freighters
RR rushes to find Trent 777 icing solution
Rolls-Royce is working to find a modification to its Trent 800 engine following recommendations by the UK Air Accidents Investigation Branch (AAIB). A second interim report on last year's crash of a British Airways Boeing 777-200 at London Heathrow said modifications were necessary to reduce the risk of ice in fuel lines which the AAIB suspected causing a flow restriction and thrust rollback of the Trent engines. The AAIB recommended that regulatory authorities make mandatory any measures Boeing … [Read more...] about RR rushes to find Trent 777 icing solution
Boeing reaffirms a 1Q 2010 Dreamliner delivery
The head of Boeing Co.'s commercial-aircraft segment has reaffirmed that it still intends to make the first commercial delivery of its much-delayed 787 Dreamliner in the first quarter of 2010. "At Boeing, the fundamentals of our production programs are sound to excellent, and we're working through the challenges of the development difficulties," Scott Carson, CEO of Boeing's commercial group, told an audience of financial investors and analysts in New York. Getting the 787 certified and into … [Read more...] about Boeing reaffirms a 1Q 2010 Dreamliner delivery
