AlliedSignal has agreed to acquire the airframe-fastener and lubricant businesses of Banner Aerospace for $345 million in stock. The Hardware and Aero-Pac units bring 500 employees and sales of $250 million, which Allied Signal says will help it create a $400 million aftermarket aerospace hardware distribution business. Banner will concentrate on its rotables and jet-engine businesses, says parent Fairchild.
Source: Flight International
Germany’s Deutsche Aircraft has selected UK-based engineering specialist Senior to provide key systems for its D328eco turboprop.
Airbus chief executive Guillaume Faury says the airframer has been “blindsided” by a sharp drop-off in CFM International Leap engine deliveries, and is waiting to see how soon the powerplant manufacturer can recover. Speaking at a half-year briefing on 30 July, Faury said the Leap delays were “not factored” into ...
Airbus is implementing a short-term cost-containment programme intended to support its production ramp-up efforts. Speaking during a first-half briefing, chief executive Guillaume Faury said the aim of the programme – which has been designated ‘Lead’ – is to prioritise serving the ramp-up and financial performance, and avoid being “distracted”. He ...
