MRO Conversions & Manufacturers

ST Aero sees 39% drop in H1 profit

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ST Aerospace cited “sporadic reduction of work by customers” and “strong competition” as effects of the industry downturn which saw it post a net profi t for the first half of 2009 down 39 per cent year-on-year to S$60.9 million (US$42.5 million). Quarter-on-quarter the result was up 53 per cent on a 9 per cent rise in revenue, in the second quarter, compared to the first. More Boeing 757 freighter conversion redeliveries and completions for its engineering and … [Read more...] about ST Aero sees 39% drop in H1 profit

Goodrich inks two JVs in China with Xi’an

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Goodrich Corporation and Xi’an Aircraft International Corporation (XAIC) have signed agreements to form two 50-50 joint venture companies – between XAIC and each of Goodrich Landing Gear and Goodrich Aerostructures – to support landing gear and engine nacelle components manufacturing. Aimed at tapping the fast-growing Chinese aerospace market, the new companies are expected to compete for market positions on the COMAC C919 single aisle Chinese commercial … [Read more...] about Goodrich inks two JVs in China with Xi’an

Datamonitor: Positive economic signs a start

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Positive economic indicators coming out of Europe, Asia and the US over the last ten days give reason to forecast a recovery in the global logistics and express industry. However, for global freight and parcel volumes and revenues to rebound significantly there will need to be major improvements in consumer confidence, industrial output and subsequent international trade volumes, according to new research by independent market analyst Datamonitor. … [Read more...] about Datamonitor: Positive economic signs a start

China posts 7.9% GDP growth for second month

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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

EUROPE & CIS: US$4.1 billion in orders at Paris show for RR

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While not everyone left the Paris Airshow in a jubilant mood, Rolls-Royce left with at least a grin on its face after picking up a number of engine orders worth US$4.1 billion from carriers including Gulf Air, Qatar Airlines, Royal China, Condor of Germany, Cathay Pacific and AirAsia X. The orders included an order from AirAsia X for the Trent XWB to power its order – also placed at the Paris show – for 10 firm and five options for Airbus’ A350 XWB aircraft. … [Read more...] about EUROPE & CIS: US$4.1 billion in orders at Paris show for RR

EUROPE & CIS: US$4.1 billion in orders at Paris show for RR

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While not everyone left the Paris Airshow in a jubilant mood, Rolls-Royce left with at least a grin on its face after picking up a number of engine orders worth US$4.1 billion from carriers including Gulf Air, Qatar Airlines, Royal China, Condor of Germany, Cathay Pacific and AirAsia X. The orders included an order from AirAsia X for the Trent XWB to power its order – also placed at the Paris show – for 10 firm and five options for Airbus’ A350 XWB aircraft. … [Read more...] about EUROPE & CIS: US$4.1 billion in orders at Paris show for RR