Business

August 21, 2014 - 12:40pm
Airlines for America graphic

Major U.S. airlines reported $3.8 billion in net profit for the first half of the year, up from the $1.6 billion they reported during the same period last year, according to Airlines for America (A4A). A 6-percent increase in operating revenues drove the year-over-year improvement, the trade group said.

August 20, 2014 - 5:21pm
RQ-4 Global Hawk and U-2 reconnaissance aircraft

The U.S. Air Force awarded Northrop Grumman a $240 million contract modification to build three more RQ-4B Global Hawk Block 30 unmanned aircraft, each with integrated sensor suite and signals intelligence (Sigint) payloads, plus two Sigint payloads as retrofit kits. The new aircraft will join 18 Block 30 Global Hawks the service earlier planned to retire.

August 20, 2014 - 11:40am

The Greater Rockford Airport Authority has reached an agreement with Chicago-based AAR to build a new hangar facility on the Chicago Rockford International Airport (RFD). The 200,000-sq-ft MRO facility is expected to employ up to 500 people and expands RFD’s current service offerings and infrastructure.

August 20, 2014 - 11:30am

Banyan Air Services of Fort Lauderdale, Fla., has been named a HondaJet dealer serving the Southeast U.S. Under the agreement, Banyan Air Services will provide HondaJet sales and service for the eight-state territory that includes Florida, Georgia, Alabama, Mississippi, Louisiana, Arkansas, Tennessee and South Carolina.

August 20, 2014 - 11:20am

The business and assets of California-based Technical Metal Finishing (TMF) have been acquired by Nasmyth Group as part of that company’s implementation of an international growth strategy. TMF (to be known as Nasmyth TMF) offers a range of metal surface finishing capabilities including precision masking, anodizing and chemical film coatings, passivation, painting and non-destructive testing. According to the Nasmyth Group, TMF complements its four metal-surface-finishing businesses in the UK providing precise, aerospace industry- and Nadcap-approved treatments for metals.

August 20, 2014 - 11:15am

StandardAero Business Aviation received FAA Satellite Repair Station authorization for its new satellite facility at Houston Hobby (HOU) Airport. The company launched the new repair station last June to supplement its facility at George Bush International (IAH).

August 20, 2014 - 11:05am

IDG Europe has joined Greenwich AeroGroup’s dealer network for the installation and certification of LiveAero Broadband Satcom systems. Sweden-based IDG Europe is a turnkey satcom solutions provider with more than 20 years of experience. It recently launched a new division of the company called idg.aero that provides global satellite communications for the whole aircraft from safety communications to high-speed broadband and tracking services.

August 20, 2014 - 10:55am

Henry Lisboa has joined Dallas Airmotive as its newest territorial director. He will lead the company’s sales efforts in Central and South America. Lisboa has more than 25 years of sales and customer experience in business and general aviation and the rotorcraft industry. He was previously director of sales at Heli-One, where he was responsible for the sales and marketing of services related to helicopters, engines, avionics, dynamic components, leasing, sales and exchanges of available stock and equipment.

August 20, 2014 - 5:00am

Jet-Care, a provider of engine condition trend monitoring services, has launched an engine trend program for the Pratt & Whitney Canada PT6 engine as part of its Gas Path Analysis (GPA) portfolio.

August 19, 2014 - 3:50pm

Just five months after celebrating the delivery of its first new-build Eclipse 550 light jet, Eclipse Aerospace laid off a “substantial” number of employees at its Albuquerque, N.M. headquarters and facilities in Chicago and Charleston, S.C., citing slow sales for its very light jet.

 
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