Good Week

Boeing,
whose $1.7 billion acquisition of Aviall has got the green light, following approval from the aftermarket supplier’s shareholders. The deal significantly boosts Boeing’s share of the lucrative aftermarket, in particular increasing its exposure to military and general aviation business, and has already been approved by European competition authorities. The US manufacturer’s shares traded up on the New York Stock Exchange following the announcement.

 

CHC,
whose first-quarter earnings have been hit by expansion costs. The Canadian company added an “unprecedented” 19 aircraft to its fleet and has suffered from the time-lag between investing in aircraft set-up costs and generating revenues from them. The helicopter operator posted a C$41.4 million ($37 million) increase in first-quarter revenues, excluding foreign exchange impact, but earnings fell from C$19.2 million to C$8.8 million.

Bad week

“This year the UK will produce 24,000 engineering graduates, compared with China’s 300,000 and India’s 450,000.”

Airbus UK managing director iain gray, speaking at the Society of british Aerospace companies’ annual dinner on the UK’s dearth of fresh talent

 

 Gray

Source: Flight International

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