Good Week

Pratt & Whitney Canada.
The engine manufacturer is getting C$350 million ($302 million) from Canada's new government for its five-year, C$1.5 billion engine R&D programmes, on top of a C$207 million repayable investment announced at the start of the year by the last government. Roughly a third of the latest royalty-based reimbursible funding will go towards P&WC's gas turbine engine technology research programme, with the rest directed towards its engine technology development project.


Champagne was flowing as the company celebrated the long-awaited certification of the A380, but the festive mood was marred by police raids at the Airbus parent company's headquarters, and that of its shareholder Lagardère, as the criminal investigation into alleged insider share dealing by former executives (including ex-Airbus and EADS boss Noël Forgeard) continued. Police are investigating whether Forgeard knew about A380 delays when he sold shares earlier in the year.

Bad week

"We are satisfied with the performance of our aircraft. We are less satisfied with the performance of our company. It's something we hope to put right."

michael mcadoo, bombardier Aerospace vp strategy and business development



Source: Flight International