 | |
|---|---|
B/E Aerospace, which is increasing its full-year 2007 forecast for the second time after posting massive growth in first-quarter revenue and net income. B/E says a commercial aircraft cabin retrofitting boom, a strong aftermarket and the acquisition of two companies led to the 57% increase in revenue to $388 million and the 133% jump in net income to $32.1 million. Chief executive Amin Khoury says the company is also on track for "significant margin expansion" in 2008. | |
| |
ITP, The Spanish engine manufacturer's 2006 profits have taken a significant hit as a result of the "Airbus crisis", falling 24% to €30.7 million ($41.8 million). ITP, in which Rolls-Royce holds a 47% stake, is not expecting better news in the short term, as the weak US dollar and the rising cost of raw materials, in particular nickel, are expected to continue to affect its performance. Sales, which were up 17.5% in 2006 at €441 million, and profits are expected to remain stable for the coming year. | |
|
| |
| |
"To everyone that was writing that we redesigned the aircraft six or seven times: we didn't. We redesigned it three times, and that was enough." Airbus chief operating officer customers John leahy on the a350 xwb |
|
Source: Flight International
