Aviation News Releases – Tuesday, August 3, 2010

Financial results of 2nd quarter posted, with net cash at US$ 659 million

São José dos Campos, August 2010 – Embraer released its financial results, today, for the second quarter of 2010 (2Q10) in US GAAP. Net revenue was US$ 1.35 billion, and net profit totaled US$ 70.3 million. The operational cash generated – US$ 236 million – was one of the period’s highlights, contributing to the higher net cash position of US$ 659 million on June 30….

Top Stories

Embraer increases by 5% its guidance for 2010 revenue
Financial results of 2nd quarter posted, with net cash at US$ 659 millionSão José dos Campos, August 2010 – Embraer released its financial results, today, for the second quarter of 2010 (2Q10) in US GAAP. Net revenue was US$ 1.35 billion, and net profit totaled US$ 70.3 million. The operational cash generated – US$ 236 million – was one of the period’s highlights, contributing to the higher net cash position of US$ 659 million on June 30.The recovery of the market seen since the beginning of…
Aug-03 – 2010 | More ->

Mexicana Eyes Restructuring Plan
By Darren Shannon Management at Grupo Mexicana will consider bankruptcy for the company’s mainline carrier but will exempt its low-cost unit Click and regional jet operation Link from any filing should talks with unions and creditors fail to reverse the company’s financial woes. The company’s Mexicana operation is struggling with mounting debt and, as first reported by The DAILY, is …
Aug-03 – 2010 | More ->

NASA Takes Inventory For The Next Steps
By Frank Morring, Jr.Marshall Space Flight Center Launch vehicle engineers here believe a shuttle-derived vehicle built around the space shuttle main engine (SSME) is probably the fastest route to a heavy-lift launch vehicle. Some kind of heavy lifter is emerging as a centerpiece of the compromise space policy being worked out between Congress and the White House. But that is only a rough call in a close race with vehicles …
Aug-03 – 2010 | More ->


Latest Headlines

Air Force

Boeing Receives 1st F-15E Radar Modernization Program Test Asset from Raytheon
ST. LOUIS, Aug. 3, 2010 – Boeing [NYSE: BA] received the first APG-82(V)1 Active Electronically Scanned Array (AESA) radar test set for the U.S. Air Force F-15E Radar Modernization Program (RMP) from Raytheon in St. Louis on June 10. The radar test set, which has successfully completed Acceptance Test Procedures, will undergo further tests at Boeing’s Electronic Systems Integration Lab in St. Louis before being integrated into an F-15E. The APG-82(V)1 RMP replaces the APG-70 radar with…
Aug-03 – 2010 | More ->

USAF ISR Chief Calls For Procurement Changes
By Amy Butler Lt. Gen. David Deptula, the first U.S. Air Force deputy chief of staff for intelligence, surveillance and reconnaissance (ISR), says that the service must adapt its procurement system to respond more rapidly to the needs of commanders fighting today’s battles. A quicker acquisition system could be used to field a next-generation unmanned aerial system (UAS) suitable …
Aug-03 – 2010 | More ->

F-16 Flight Demos Auto-GCAS Potential
By Guy NorrisEdwards AFB, Calif. The Auto-GCAS’s capabilities can best be appreciated firsthand. During a 1-hr. 20-min. flight on the Air Force Research Laboratory/NASA F-16 testbed, this Aviation Week editor observed a variety of scenarios, many flown at extremely low altitudes and high speed, designed to show how the automatic ground collision avoidance system (Auto-GCAS) …
Aug-03 – 2010 | More ->


Airports

Vinci Wins Deal To Build Nantes Airport
France’s Vinci, the world’s largest construction group, said Friday it won a contract to build and operate a new airport near Nantes in western France for up to EUR€500 million (USD$652.4 million) …
Aug-03 – 2010 | More ->

BAA Halves H1 Losses, Passenger Numbers Down
British airport operator BAA halved its first-half losses, helped by lower one-off charges, as passenger numbers fell 4.5 percent on disruption caused by a volcanic ash cloud and strikes by British Airways staff …
Jul-29 – 2010 | More ->

Schiphol Gets European Investment Bank Loan
Amsterdam airport operator Schiphol said on Wednesday it has been granted a loan by the European Investment Bank but declined to confirm reports about its size or purpose …
Jul-28 – 2010 | More ->


Army

Boeing CH-47F Chinook Fielded by US Army’s 10th Mountain Division
RIDLEY TOWNSHIP, Pa., Aug. 3, 2010 — The Boeing [NYSE: BA] CH-47F Chinook helicopter was fielded July 30 by the U.S. Army’s B Company, 3rd General Support Aviation Battalion, 10th Combat Aviation Brigade, 10th Mountain Division, Fort Drum, N.Y. The 10th Mountain Division is the sixth Army unit to be trained and equipped with the aircraft. “I am extremely excited that Boeing and the New Equipment Training Team were able to field and train the company on the F model Chinook so quickly,”…
Aug-03 – 2010 | More ->

Unmanned A160T Crashes At Boeing Test Site
By Graham Warwick A Boeing A160T Hummingbird unmanned helicopter crashed on July 28 at the company’s Victorville, Calif., test site. Boeing says the aircraft autorotated to the ground 1.5 mi. from its planned landing point and rolled onto its side. The mishap occurred at 1:30 p.m. Pacific time inside the airport traffic area at Victorville. The aircraft, serial A007, is owned by the U.S. Army’s Aviation Applied Technology …
Jul-30 – 2010 | More ->

BAE-Northrop GCV Hybrid Drive A Gamble
By Michael Fabey Executives for BAE Systems and Northrop Grumman acknowledge that U.S. Army leadership is somewhat split on the benefits of a hybrid-electric drive for the service’s new Ground Combat Vehicle (GCV), but they say their bid featuring such a system is worth the gambit. “In the Army we have both supporters and skeptics,” said Mark Signorelli, vice president and general manager of …
Jul-29 – 2010 | More ->


Cargo

Boeing Relocating C-130 AMP, B-1 Program to Oklahoma City
LONG BEACH, Calif., Aug. 2, 2010 — The Boeing Company [NYSE: BA] today announced it will relocate the C-130 Avionics Modernization Program (AMP) and B-1 Program from Long Beach to Oklahoma City. The move will begin with C-130 AMP starting in the first quarter of 2011 and conclude by the end of 2012 with the move of the B-1 Program. Both programs are part of the Maintenance, Modifications & Upgrades (MM&U) division of the Global Services & Support (GS&S) business unit of…
Aug-03 – 2010 | More ->

Finnair Sells MD-11s, Converts Last One
By Lee Ann Tegtmeier leeann_tegtmeier@aviationweek.com: Finnair sold its last two Boeing MD-11 aircraft to U.S.-based leasing company Neff Air. Finnair will deliver the aircraft in January. ST Aerospace Services Co. (SASCO) in Singapore converted the first aircraft into a freighter in 2009, and Finnair Cargo is flying that one, which is the only MD-11 Finnair operates, according to Finnair’s Maunu Visuri, VP fleet management …
Jul-29 – 2010 | More ->

Air Freight Demand Jumps In June
Air cargo demand jumped by more than a quarter in June compared with a year ago and passenger numbers rose more than one tenth as airlines saw a growing recovery from the economic crisis, industry figures showed …
Jul-28 – 2010 | More ->


Commercial

Mexicana Eyes Restructuring Plan
By Darren Shannon Management at Grupo Mexicana will consider bankruptcy for the company’s mainline carrier but will exempt its low-cost unit Click and regional jet operation Link from any filing should talks with unions and creditors fail to reverse the company’s financial woes. The company’s Mexicana operation is struggling with mounting debt and, as first reported by The DAILY, is …
Aug-03 – 2010 | More ->

India Plane Demand USD$130 Bln Over 20 Years
India’s expanding aviation sector will require 1,150 commercial jets valued at USD$130 billion over the next 20 years, a Boeing executive said on Tuesday …
Aug-03 – 2010 | More ->

“Black Box” Recovered From Pakistan Crash Site
Pakistani investigators have found the data recorder from AirBlue flight 202, which crashed in heavy rain near Islamabad last week killing all 152 people onboard, officials said …Photo: Pia321
Aug-03 – 2010 | More ->


Defense

F-16 Flight Demos Auto-GCAS Potential
By Guy NorrisEdwards AFB, Calif. The Auto-GCAS’s capabilities can best be appreciated firsthand. During a 1-hr. 20-min. flight on the Air Force Research Laboratory/NASA F-16 testbed, this Aviation Week editor observed a variety of scenarios, many flown at extremely low altitudes and high speed, designed to show how the automatic ground collision avoidance system (Auto-GCAS) …
Aug-03 – 2010 | More ->

Next-Gen Jammer Key To F-35 Effectiveness
By David A. Fulghum, NAVAL AIR STATION PATUXENT RIVER, Md. — The F-35 Joint Strike Fighter’s mission is to penetrate the threat ring of the world’s best anti-aircraft defenses and survive, but its formula will work only if the right improvements and upgrades are in place, including the Next Generation Jammer (NGJ). New integrated air defense networks — some of them …
Aug-02 – 2010 | More ->

Affordability Curtails Initial Israel JSF Buy
By Alon Ben-David, Amy Butler, Guy Norris, Douglas BarrieFarnborough, Farnborough, Farnborough, Farnborough Protracted negotiations between manufacturer Lockheed Martin and the U.S. on the next lot of stealthy, single-engine F-35s are nearing a conclusion as program officials close in on a new baseline for the embattled program. But the shock waves of recent cost increases to the multinational Joint Strike Fighter (JSF) continue to…
Aug-02 – 2010 | More ->


Executive

Bombardier Learjet and Governor Parkinson Announce Financing Agreement to Secure Learjet 85 Production in Wichita
Kansas Governor Mark Parkinson and Bombardier Business Aircraft President, Steve Ridolfi today announced the details of a formal agreement that will secure production of the all-new midsize Learjet 85 aircraft at Bombardier Learjet in Wichita. The agreement includes $27 million in bond financing from the State of Kansas which will be invested in improvements to Learjet’s Wichita facility in order to prepare for the eventual production of the Learjet 85 business aircraft. Modification…
Jul-30 – 2010 | More ->

GA Groups Take Aim At EPA Lead Crackdown
By Fred George fred_george@aviationweek.com, Oshkosh, Wis.: The Experimental Aircraft Association and four other general aviation trade associations Wednesday laid out their strategy to deal with the Environmental Protection Agency’s April 28 Advance Notice of Proposed Rulemaking, which collects information that eventually could lead to a ban on leaded avgas. The ANPR signaled that an “endangerment finding process” associated with lead emissions from …
Jul-30 – 2010 | More ->

Phenom 100 executive jet expands its worlwide acceptance
Authorities from Canada, Egypt, and the Dominican Republic are the latest to certify the aircraftSão José dos Campos, July 28, 2010 – Twenty months after it went into operation, more than 150 of the Phenom 100 executive jet have already been delivered. As the number ofcustomers expands throughout the world, the aircraft must meet the specific requirements ofeach country where it will be registered. The Phenom 100 is certified, today, by 18 civilaviation authorities. The most recent approvals…
Jul-29 – 2010 | More ->


Industry

Embraer increases by 5% its guidance for 2010 revenue
Financial results of 2nd quarter posted, with net cash at US$ 659 millionSão José dos Campos, August 2010 – Embraer released its financial results, today, for the second quarter of 2010 (2Q10) in US GAAP. Net revenue was US$ 1.35 billion, and net profit totaled US$ 70.3 million. The operational cash generated – US$ 236 million – was one of the period’s highlights, contributing to the higher net cash position of US$ 659 million on June 30.The recovery of the market seen since the beginning of…
Aug-03 – 2010 | More ->

Boeing Relocating C-130 AMP, B-1 Program to Oklahoma City
LONG BEACH, Calif., Aug. 2, 2010 — The Boeing Company [NYSE: BA] today announced it will relocate the C-130 Avionics Modernization Program (AMP) and B-1 Program from Long Beach to Oklahoma City. The move will begin with C-130 AMP starting in the first quarter of 2011 and conclude by the end of 2012 with the move of the B-1 Program. Both programs are part of the Maintenance, Modifications & Upgrades (MM&U) division of the Global Services & Support (GS&S) business unit of…
Aug-03 – 2010 | More ->

Upgraded CFM56 Certified by U.S., Europe
By Guy Norris guy_norris@aviationweek.comLOS ANGELES CFM International has won certification for its upgraded CFM56-7BE engine from the FAA and the European Aviation Safety Agency (EASA), and is working with Boeing to prepare for flight tests on a Boeing 737 starting in the fourth quarter of this year. Entry into service is planned for mid-2011 to coincide with 737 airframe improvements that, together with the engine …
Aug-03 – 2010 | More ->


Navy

Insitu Expects Demand After Integrator Win
By Graham Warwick, Amy Butler Ultimate procurement numbers for the U.S. Navy/Marine Corps Small Tactical Unmanned Aircraft System (Stuas) will depend on whether the Insitu Integrator can operate from cruisers and destroyers now equipped with the Boeing subsidiary’s smaller ScanEagle unmanned aircraft. Stuas bidders were told to base production cost estimates on 24 systems for the Navy and 32 for the Marine Corps, but …
Aug-03 – 2010 | More ->

Boeing P-8A Poseidon Aircraft T3 Enters Flight Test
SEATTLE, Aug. 2, 2010 — Boeing [NYSE: BA] P-8A Poseidon aircraft T3 successfully completed its first flight test in Seattle on July 29. T3 is the P-8A program’s mission-system and weapon-certification aircraft. During the two-hour and 48-minute flight from Boeing Field, Boeing and U.S. Navy test pilots performed airborne systems checks including engine accelerations and decelerations, autopilot flight modes, and auxiliary power unit and engine shutdowns and starts. In the coming weeks,…
Aug-02 – 2010 | More ->

Boeing-built RTCASS High-Power Test Stations Declared Ready for US Marines
ST. LOUIS, July 29, 2010 — A product line of automated test stations that Boeing [NYSE: BA] upgraded with the ability to test high-power radar systems was recently declared ready for fleet introduction by the U.S. Navy. The Reconfigurable Transportable Consolidated Automated Support System (RTCASS) stations, built and designed by Boeing, are used by U.S. Marine Corps maintainers to diagnose problems with aircraft electronic systems. The upgrade, designated RTCASS-High Power (RTCASS-HP),…
Jul-29 – 2010 | More ->


Science

NASA Casts A Wide Net For Summer Of Innovation Partners
WASHINGTON — NASA is inviting potential partners to participate inthe agency’s Summer of Innovation project to engage middle schoolstudents in science, technology, engineering and math (STEM) learningactivities.The Summer of Innovation’s goal is to provide experiences that willhave a positive impact on students’ academic performance, choice ofSTEM coursework, degree programs and eventual career path. Theproject is focused on broadening participation in STEM disciplines byunderrepresented,…
Aug-03 – 2010 | More ->

NASA Holds Media Teleconference To Preview Major Hurricane Study
WASHINGTON — NASA will hold a media teleconference on Thursday, Aug. 5, at 3 p.m. EDT to discuss its upcoming airborne research campaigninto hurricane behavior.The Genesis and Rapid Intensification Processes mission, or GRIP, willstudy how hurricanes are created and why they can intensify rapidly.The mission involves three NASA research aircraft based in Florida,Texas, and California, and observations from several NASA satellites.GRIP will run from Aug. 15 to Sept. 25.The teleconference…
Aug-02 – 2010 | More ->

Images Appear To Show Water Ice On Moon
By Frank Morring, Jr.: Radar images collected by NASA’s Lunar Reconnaissance Orbiter (LRO) probably pinpoint thick deposits of water ice in a small crater near the Moon’s north pole. Work with the Mini-RF synthetic aperture radar (SAR) on LRO follows up findings by a similar instrument called the Mini-SAR on India’s Chandrayaan-1 lunar orbiter, which used the polarity of radar returns from the Moon’s north …
Jul-28 – 2010 | More ->


Space

NASA Hosts Workshop To Discuss Exploring Near Earth Objects
WASHINGTON — NASA will host an interactive workshop to identifyobjectives for exploration missions to near-Earth objects, or NEOs,on Aug. 10-11 at the Renaissance Mayflower Hotel in Washington.The event will bring together experts and key leaders from NASA, othergovernment agencies, industry, academia, and internationalcommunities. They will discuss past experiences and focus onobjectives, capabilities, and concepts of operations for human androbotic exploration of NEOs.The primary goals for…
Aug-03 – 2010 | More ->

NASA Takes Inventory For The Next Steps
By Frank Morring, Jr.Marshall Space Flight Center Launch vehicle engineers here believe a shuttle-derived vehicle built around the space shuttle main engine (SSME) is probably the fastest route to a heavy-lift launch vehicle. Some kind of heavy lifter is emerging as a centerpiece of the compromise space policy being worked out between Congress and the White House. But that is only a rough call in a close race with vehicles …
Aug-03 – 2010 | More ->

More Detail Sought On Commercial Crew Plan
By Frank Morring, Jr. A NASA Advisory Council (NAC) subcommittee is echoing frustrated members of Congress in asking the U.S. space agency to provide more detail and justification for its plan to substitute commercial space taxis for the Orion crew exploration vehicle and its Ares I launcher as a route to the International Space Station (ISS) for astronauts. The subcommittee met July 29th to prepare its findings …
Aug-03 – 2010 | More ->


Tourism

Travel Rise Spurs Hotels To Seek Rate Increases
A surge in business travel has emboldened US hotel companies to try to raise rates for corporate clients next year after two straight years of lower rates …
Aug-03 – 2010 | More ->



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