China has reported a 7.9 per cent year-on-year growth in its estimated gross domestic product (GDP) for the second quarter, spurred by a government economic stimulus package. The April-June figure was up from 6.1 per cent in the first quarter and took China's GDP growth to 7.1 per cent for the first six months of this year compared with the same period last year, according to the country's National Bureau of Statistics. In another sign of improvement, China's industrial output grew by 10.7 per … [Read more...] about China posts 7.9% GDP growth for second month
Aircraft Manufacturers
AMERICAS: Boeing again delays first 787 test flight
Only days before the much anticipated first test flight of the long-awaited Boeing 787 Dreamliner, Boeing has had to embarrassingly announce yet another delay – the fifth so far – to the aircraft’s delivery schedule due to a newly discovered technical problem. Chicago-based Boeing said this week that it needs to reinforce small areasnear where the wings connect to the fuselage before conducting the first testflight, which Boeing had insisted wouldoccur before … [Read more...] about AMERICAS: Boeing again delays first 787 test flight
AMERICAS: Boeing’s Carson sees recovery next year
Boeing Commercial Airplanes chief executive Scott Carson believes economic recovery is in sight. “It feels like we’re bouncing off the bottom,†he said at the Paris Air Show. Citing the latest economic data that Boeing tracks, he said: “It feels to us like the middle of next year is when we will see growth return to the industry.†Speaking specifically about changes to the production rates for its freighter products, Carson said, “the next six months … [Read more...] about AMERICAS: Boeing’s Carson sees recovery next year
EUROPE & CIS: Sukhoi sells 24 Superjet 100s to Avialeasing
Russia’s Sukhoi Civil Aircraft and Avialeasing announced recently that they had signed a US$715 million contract for the delivery of 24 Sukhoi Superjet 100 airliners between 2011-2013. Currently, Sukhoi has 122 firm orders for Superjet100 airliners. … [Read more...] about EUROPE & CIS: Sukhoi sells 24 Superjet 100s to Avialeasing
EUROPE & CIS: Paris show ends more upbeat for Airbus than Boeing
Airbus’ chief salesman, John Leahy departed this year’s Paris Air Show slightly more upbeat than he was before about the industry’s outlook and certainly more upbeat than his counterpart at Boeing at the annual event. Boeing managed to bag only one order – a US$153 million deal with MC Aviation Partners, a leasing subsidiary of the Mitsubishi Corporation of Japan, for two 737-800 narrow bodies. Airbus, on the other hand, walked away from the … [Read more...] about EUROPE & CIS: Paris show ends more upbeat for Airbus than Boeing
CHINA: Airbus in US$3 billion deal with China bank
Airbus has signed an agreement with the Industrial & Commercial Bank of China (ICBC) to provide financing to supply 70 A320 jets to mainland purchasers, according to a report in the Financial Times. The total value of ICBC support would exceed US$3 billion. … [Read more...] about CHINA: Airbus in US$3 billion deal with China bank
