Rolls-Royce Group plc has announced that its underlying profit before taxation for the 2009 financial year increased by four per cent, while revenues increased by 11 per cent. The marine and aviation engine manufacturer saw its underlying PBT grow to £1.17bn (A$2bn) as underlying revenue grew to £10.1bn (A$17.8bn). The value of the company’s order
BAE Systems Regional Aircraft has signed an agreement with Mitsubishi Aircraft Corporation which will see the British company provide design integration and certification for the propulsion system on the Mistubishi Regional Jet (MRJ). A team from BAE Systems Regional Aircraft will provide engineering expertise on a number of work packages for the aircraft which include
The first 747-8 Freighter successfully made its first flight on February 8 from Paine Field, albeit after a slight delay due to weather conditions. Piloted by 747 chief pilot Mark Feuerstein and Captain Tom Inrich, the aircraft took off at 12:39pm local time and underwent a three hour, 39 minute test flight over western Washington, where
Long time CEO of International Lease Finance Corporation (ILFC) Steven Udzar-Hazy stepped down from the lessor on February 5, after parent American International Group (AIG) decided not to sell the company. “On behalf of AIG, I would like to thank Steve for his tireless service to ILFC,” said Robert H Benmosche, AIG president and CEO. “We
Bombardier Aerospace announced on February 5 that it delivered 302 aircraft for the year ending January 31, and received net orders for only 11 aircraft over the year, compared to orders for 367 in the previous year. For the 12 month period, the Canadian manufacturer delivered 121 commercial aircraft, comprised of 60 CRJ series and
First flight of the Boeing 747-8F is scheduled for Monday February 8 (local time), Boeing says, after announcing that the aircraft successfully completed taxi tests on February 6 at the company’s Everett facilities. “The airplane performed well,” said Mo Yahyavi, 747 program VP and GM, Boeing Commercial Airplanes. “Based on early indications, the airplane is