Buoyant airliner deliveries and a strong spares market showed through in rising sales and profits at Lucas Aerospace, as the Lucas Varity group presented its first set of annual results after 1996's merger. The aerospace division saw sales grow 8% to £510 million ($829 million) in the new financial year to the end of January, also helped by the acquisition of Boeing cargo systems business. Operating profits grew to £49 million.
Source: Flight International
SIA Engineering (SIAEC) expects demand for MRO services to remain strong, although supply chain challenges have extended the time of some aircraft checks.
Israel Aerospace Industries (IAI) is considering launching a conversion programme for the Boeing 787 as it weighs up future projects. Speaking to FlightGlobal sister publication Air Cargo News at the Farnborough International Airshow, IAI executive vice president and general manager, aviation group, Shmuel Kuzi explained that the business is always ...
Germany’s Deutsche Aircraft has started construction of its first D328eco test aircraft, with cutting work to extend a D328 fuselage. The D328eco is an upgraded version of the turboprop, intended to accommodate 40 passengers. It will feature more efficient engines – the Pratt & Whitney PW127XT-S – and modernised avionics, ...
