Goodrich is to sell its turbomachinery products business for $83 million, generating an after-tax gain of around $90 million. Turbo Machinery Products, a new company formed by Admiralty Partners, is buying the business, which makes aerofoils, rotating components and assemblies and offers repair and overhaul services. The sale is expected to be completed in the second quarter of this year.
Source: Flight International
Keep track of the commercial aircraft order announcements made at this year’s Farnborough air show
Boeing remains hesitant to jump headlong into developing hydrogen-powered aircraft due to safety and technical challenges, despite widespread calls for aircraft developers to roll out clean-burning designs as quickly as possible.
While Embraer has so far not announced any commercial jets orders at this year’s Farnborough air show, chief executive Arjan Meijer says there are numerous deals in the pipeline for at least 300 aircraft.
