Good week

HAL Light combat helicopter 
 © Hindustan Aeronautics
HAL India's state-owned Hindustan Aeronautics reported strong growth, with sales for the year to 31 March up 10% at Rp114.15 billion ($2.55 billion), pre-tax profits up 12% to Rp26.17 billion and the orderbook up by over Rp120 billion. Expanding civil business for Western customers helped, and new joint venture partners include Rolls-Royce. Highlights included first flight of the light combat helicopter (pictured) and introduction of the MkIII Druv advanced light helicopter.


Bad week

Bombardier Challenger 300
 © Bombardier
BOMBARDIER Earnings before interest and taxes halved to $473 million the fiscal year to 31 January, as revenue slipped 6% to $9.46 billion. The regional aircraft and business jet maker achieved net orders for just 11 aircraft after accounting for 202 cancellations from its gross order figure of 213. The company delivered 121 commercial aircraft, an increase of 11, but only 176 business aircraft - 59 fewer. Its year-end backlog was down 30% at $16.7 billion.



Source: Flight International