The Airholding consortium led by Embraer of Brazil, with EADS as a minority partner, has taken a majority stake in Portuguese aircraft maintenance specialist Ogma, following the latter’s privatization late last year. European Union competition authorities have since approved the ?11.4 million ($14 million) deal, in which a company controlled by the Portuguese government retains the remaining 35 percent of the shareholding.
News and issues concerning aerospace companies, including formations, acquisitions, mergers and financials; and announcements of significant aircraft sales, delivery statistics and personnel appointments.
BAE’s Jetstream regional airliner family enjoyed a successful year in 2004, delivering 25 turboprops to lease customers, and expecting to achieve its 2005 target of 30 more.
The April 27 first flight of the Airbus A380 was undoubtedly a triumph for Europe’s aerospace industry. But it was also an occasion to celebrate for many companies on the other side of the Atlantic. According to EADS, which owns 80 percent of Airbus, more than 300 U.S. suppliers in 42 American states produce nearly 50 percent of the A380.
DGA, the French arms procurement agency, last year spent €9.87 billion ($12.1 billion) on equipment orders for the French armed forces under the country’s 2003-2008 defense budget. This accounted for a 15.3-percent increase over 2003 investments and included €1.3 billion ($1.6 billion) in research funding.
There are those in Russia who ask if the state’s plan to create a Unified Aircraft Corporation is a 21st century repeat of Stalin’s failed collectivization experiment of the late 1920s.
Acquisitions and factory expansion, especially in low-cost production locations, led to an almost one-third jump in year-over-year revenues in 2004 at French aerospace equipment maker Latécoère. According to president and CEO François Bernard, production increased across all its aerostructures programs, and especially for the new Airbus A380 airliner, the Dassault Falcon 7X business jet and the Embraer 170/190 regional jets.
Celebrating the fifth anniversary since its formation, Rosoboronexport has successfully promoted the sale of Russian aerospace products, valued at more than $5 billion, for the last couple of years. The company manages about 90 percent of Russian defense exports and current orders totaling some $12 billion will keep the country’s factories busy into at least 2008.
Russell Adams is offering a new software program for universal, direct data capture by an aircraft operator’s pilots and technicians. It is aimed at saving time and cost associated with translating data from paper into “something the business can use,” said Marwa Ammar, the company’s marketing manager.
Deliveries of six Hawk Mk 129s to the Royal Bahraini Air Force (RBAF) by BAE Systems beginning in the middle of next year will highlight the company’s continuing efforts to promote its advanced jet trainer in the highly competitive Middle East market. On August 26, the first of six aircraft destined for Bahrain made its first flight at BAE’s Warton facility in the UK.
By the end of 2005, and perhaps even by the end of the show, Airbus expects to have booked commitments toward firm orders for 200 examples of the A350. This follow-on from the successful A330 twin-aisle twinjet, was launched less than seven weeks ago, and just 10 months after shareholders EADS and BAE Systems gave formal authority for the sales force to offer the aircraft.