Embraer’s revenues in the quarter rose by $157 million, to $1.242 billion, while profits climbed from $30 million in the first quarter of 2013 to $110.6 million in the same period this year. At its Executive Jets division, first-quarter revenue soared to $267.4 million, up from $175.3 million a year ago. Embraer delivered 20 executive jets (17 light and three large) in the quarter, compared with 12 (eight light, four large) in the same period last year.
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GE Aviation and Evergreen Aviation Technologies have formed a joint-venture company, GE Evergreen Engine Services, to specialize in the overhaul of the GEnx engine.
A spokesman for GE Aviation told AIN the two parties are investing approximately $130 million over the next five years.
The new venture will be located at the GE Aviation and Evergreen Aviation Technologies facility in Taipei. The facility currently provides airframe and engine work. “There is also ample real estate available, so we’re looking at all the options,” said the spokesman.
Santa Rosa, Calif.-based KaiserAir announced Rick Brainard has joined the organization as director of maintenance marketing and business development. Brainard’s recent experience includes aviation consulting with Aerick Global, roles in business development, v-p sales and general manager with West Star Aviation, various roles with McKinney Aerospace, and sales leadership roles with GE Aircraft Engines, AlliedSignal and BFGoodrich.
GE Aviation and Bristow Group signed the first engine service agreement for the CT7-2E1 turboshaft that powers the new AgustaWestland AW189 twin. The agreement expands the longstanding GE-Bristow partnership by adding the AW189s’ engines to Bristow’s global fleet of powerplants maintained under a maintenance cost per hour (MCPH) service agreement.
The first formal agreement between a major global avionics manufacturer and a Russian-based aviation solutions provider was enacted via a memorandum of understanding (MOU) signed between Rockwell Collins (Booth No. 8040) and St. Petersburg, Russia-based Transas Aviation.
Embraer’s three-quarter share of the U.S. regional jet market last year might have looked impressive to investors and analysts, but judging by some of the commentary during the company’s quarterly earnings briefing on Wednesday, it apparently didn’t satisfy CEO Frederico Curado.
Rockwell Collins (Booth No. 8040) is slowly introducing a new lifecycle support initiative to civil rotorcraft operators. Known as Flexforce, it is a performance-based agreement that aims to sustain lower maintenance costs for customers in a time of tightening budgets, while simultaneously improving dispatch reliability.
GE Aviation this week reported that testing on the high pressure compressor (HPC) module for the GE9X engine that will power Boeing’s 777X aircraft continues to yield “very promising results,” achieving a 27:1 pressure ratio–the highest of any commercial aircraft engine. The tests began in September at the GE Oil & Gas testing facility in Massa, Italy, and the module has accumulated close to 300 hours of testing today.
Embraer delivered 53 business jets in the fourth quarter, closing the year with shipments of 119 executive jets (90 light and 29 large) and meeting its 2013 delivery guidance. At year-end, its firm-order backlog for both executive jets and airliners stood at $18.2 billion.
Rockwell Collins has named Craig Olson vice president and general manager for business and regional systems. He succeeds Jeff Standerski, who was recently named senior vice president for information management services. Olson will report to Kent Statler, executive vice president and COO of commercial systems. Olson has more than 27 years of service with Rockwell Collins and has held multiple leadership positions, including his previous role as senior director and site leader of the company’s head-up guidance systems business, based in Wilsonville, Ore.