Market conditions have hardly been kind to aerospace these past six months or so, but when a company is celebrating its 250th birthday–as GKN is this year–it can probably afford to take the long view.
Diehl Aircabin (Hall 2, Stand 192), one of the concerns shed by Airbus as part of its Power 8 restructuring program, is investing more than $135 million in production facilities for Airbus A350 cabin components as new 51:49 joint owners Diehl and Thales look to combine their cabin system expertise and develop increasingly integrated airliner interiors.
EADS Airbus Military hopes that by the Paris Air Show next month launch customers Belgium, France, Germany, Luxembourg, Spain, Turkey and the UK will complete a review of their commitment to the A400M military transport.
EADS expects its Airbus unit to capture new gross orders for up to 300 aircraft this year, “even if it is becoming more challenging in the current market environment,” according to a company statement attached to its first-quarter earnings release. Based on a stable delivery assumption and a conversion rate of €1 to $1.39, EADS predicts that revenue should run roughly in line with last year’s.
Daher, the French family-run firm that now owns Socata, is pressing ahead with investments to ensure the maker of the TBM 850 single turboprop is well-placed when the business aviation market emerges from the current financial crisis–a recovery it believes could be 12 to 18 months away.
The number of aircraft delivered in the first quarter of this year paled in comparison with the same period last year, according to numbers released this afternoon by the General Aviation Manufacturers Association, which cited the global economy’s effects on general aviation.
GKN Aerospace assumed full ownership of the former Airbus wing component and assemblies factory at Filton, UK, on January 5. The UK group acquired the facility from Airbus for £136 million ($199 million).
France-based Daher Group last month confirmed that French and German antitrust authorities have approved its taking over 70 percent of Socata, with EADS retaining the remaining 30-percent share. Combined, Daher and Socata have 7,500 employees and ?1 billion ($1.4 billion) revenues in aerostructures and business aircraft. Socata delivered a record 60 TBM 850 turboprops last year.
EADS Airbus has proposed major revisions to its contract with seven European nations for the A400M airlifter, including a delay in the first deliveries until 2012. The company still has no idea when the first flight might take place, although the C-130 testbed for the A400M’s huge TP400 turboprop engines did finally get off the ground last month.
GKN Aerospace assumed full ownership of the former Airbus wing component and assemblies factory at Filton, UK, on Monday. The UK group has acquired the facility from Airbus for £136 million ($199 million).