Copa Airlines predicts the steps it is taking to reduce its exposure in Venezuela will reduce its full-year 2014 operating margin by 1%, as it draws down capacity in what was a high-yield market.
LONDON—Aerostructures and engine component supplier GKN Aerospace says it wants to grow by building greater ties with Boeing’s commercial aircraft division. The division—part of the wider GKN group—is looking for further expansion following its strategic takeover of Volvo Aero during July 2012, an acquisition which has made the company the second largest supplier of aero-engine components behind MTU and the engine OEMs themselves.
NASA has been given a glimmer of home for a low-boom supersonic flight demonstrator, with the 2014 authorization language approved by the House Committee on Science, Space and Technology directing the agency develop a plan for demonstrating quiet supersonic flight over land. The authorization act approved by the committee also directs NASA to develop roadmaps for hypersonic and rotorcraft research, both of which have been cut back as the agency’s budget for aeronautis research has been squeezed.
