AERCAP announced secondary public offering of up to 30.7m (incl. option) of its remaining shares held by GE Capital, of which it is proposing to spend $500m to repurchase ordinary shares at same price being purchased by underwriters.
CFM INTERNATIONAL completed the conceptual design review for next-gen RISE (Revolutionary Innovation for Sustainable Engines) open fan propulsion system which targets 20% improvement in fuel efficiency vs LEAP.
SAFRAN secured contracts with Emirates worth US$1.2b to provide seats for A350s, 777-9s and 777-300s; A350/777-9 galleys/inserts; RAVE AeroConnect Ka-band inflight connectivity for 50 A350s, 60 A380s and 50 777-9s; A350 wheels and carbon brakes; A380 nose landing gear overhaul; 777 safety/cabin system component repair; and retrofit support.
THE GILL CORPORATION-FRANCE has contract from SONACA to develop and produce machined honeycomb parts for A321 flaps, plus contract extension to supply machined honeycomb parts for A320, A330neo and A350 slats through ‘28.
CAE had C$58.4m net income on C$1.1b revenues for second quarter ended Sept 30 vs C$44.5m on C$993m a year ago. Civil Aviation earned C$88.4m on C$572.6m vs C$88.4m on C$507.2m; it delivered 11 full-flight simulators vs 10.