Deal pushes projected annual BGS earnings to $16.8 billion. Boeing’s planned purchase of parts distributor KLX’s aerospace business is a complementary addition to its Boeing Global Services (BGS) unit and signals that BGS’s organic-growth-first strategy will be supplemented through acquisitions as part of meeting lofty expansion targets. The $4.3 billion deal, expected to close this
Read MoreAcquisition is expected to close this year and provide Boeing Global Services supplier for fasteners, consumables and expendables. Boeing announced May 1 that it has struck a $4.25 billion deal to acquire Miami-headquartered aircraft parts distribution, composites and aftermarket supplier KLX Inc.’s Aerospace Solutions Group, marking a further move into the value chain. “This acquisition is the next step in our
Read MoreAirbus would like to increase A320neo production rates, but can the supply chain handle it? Airbus has made no secret of its desire to ramp up narrowbody production rates ahead of existing commitments. In 2019 the European manufacturer will move to a rate of 60-63 A320s per month, and it is canvassing suppliers about the
Read MoreOne year and one week after Cardiff Airport announced its first long-haul link with the Gulf, Qatar Airways flight 323 touched down ahead of schedule after a 3,400-mile flight from Doha. The brand-new Airbus A350, just delivered to the Qatari airline, was specially deployed for the first flight. It dwarfed the narrow-bodied aircraft arriving from
Read MoreHere are the details needed to fly into the largest airshow in the U.S. There’s only one aviation event in America that draws annual crowds in the hundreds of thousands, one of the reasons men, women and children from around the world eagerly await EAA’s springtime release of the flight planning information necessary for people
Read MoreAustralian Matt Hall tops the podium after a fierce competition in the luxury resort town. The Red Bull Air Race World Championships had its first competition in Cannes, France, over the weekend. But the three French competitors in the Masters Class: Mika Braegot, Nicholas Ivanoff and Francois Le Vot, got snubbed for the first opportunity
Read MoreNon-profit will use rocket technology for STEM education. Non-profit organization Build A Plane has acquired the assets of Mojave, California-based commercial space flight company XCOR, which filed for bankruptcy last year. Build A Plane will use the assets to build a school and to support its latest project: Build A Rocket, which is set to
Read MoreOver the five years, demand for airframe heavy maintenance will be led by North America and Western Europe. Over the five years, demand for airframe heavy maintenance will be led by North America and Western Europe, accounting for a combined total of 52% of the market. Source: 2018 Commercial Aviation Fleet & MRO Forecast, Aviation Week
Read MoreNTSB investigators found evidence of metal fatigue in the left engine of the Southwest Airlines Boeing 737-700 that made an emergency landing at Philadelphia International Airport on April 17 after the pilots initially reported an engine fire, then clarified that there was no fire but that engine parts were missing. A woman died after an
Read MoreThe Montreal-based MRO plans to move into new facilities and could expand even further. Because of our international partners,” responds Gérald Hotte, customer service director at Avianor, when asked why his MRO has the confidence in the aftermarket to expand facilities and grow its staff. “We are getting an increasing amount of work from international
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