Aerospace & Defence eNewsletters
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Latest News
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26 Aug 2010GE sales and profits take offGE Aircraft Engine Services, the South Wales test and repair company, has tripled its profits and seen turnover break through £1bn after a switch in strategy. The Nantgarw company, owned by GE, saw business take off after it chose to concentrate on core GE engines such as the GE90. It predicts further growth after making a pre-tax profit of £33.9m in 2009, up from £11.2m the year before, on turnover of just over £1bn, up from £817m.
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Airbus' latest aircraft is to become the backbone of Cathay Pacific Airways’ fleet. The Hong Kong-based airline has signalled its intent to order 30 Airbus A350XWB aircraft in a $6 billion deal.
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Airbus parent company EADS is planning to increase jetliner production after a spate of new orders raised hopes of an end to a steep industry recession.
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05 Aug 2010Airbus owner EADS upbeat on futureEADS, parent of plane-maker Airbus, has said it is confident that it is over a two-year dip and says it is "more comfortable for the full year now".
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This year could not have started better for South Wales parachute manufacturer Airborne Systems Europe. The Llangeinor-based company secured a lucrative £50m contract with the French Ministry of Defence.
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Port Talbot engineering company Sorbus has won a £500,000-a-year order to process titanium.
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Virgin America announced plans to buy 40 new Airbus A320 aircraft at the Farnborough International Airshow yesterday, the last major business day of the event which has seen a revival in commercial aviation.
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New routes out of Cardiff Airport could be on the agenda after the Flybe airline announced it would was investing in more planes.
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A sales chief at Airbus said the firm will easily exceed its 2010 forecast for up to 300 new plane orders and could reach as many as 400 by year’s end.
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Airbus have given a glimpse of what flying might be like in the future.
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