MIDDLE EAST: BAE: Business held up through downturn
BAE Systems has said that its Regional Aircraft business held up well in the face of the worst ever downturn in the worldÃ¢â‚¬™s commercial aviation markets. Across its core portfolio aircraft business, the asset management team of Regional Aircraft placed 44 aircraft Ã¢â‚¬“ including eight freighters Ã¢â‚¬“ in a challenging market, BAE said. The groupÃ¢â‚¬™s […]
March 1, 2010
The groupÃ¢â‚¬™s support and engineering business, saw a drop in the spares business as airlines consolidated existing spares stocks and cut back on new orders, but this was partly offset by a strong performance in the engineering business in winning new work from manufacturers, including the award of engineering work on the new 70-90 seat twin-engine Mitsubishi Regional Jet (MRJ) from Japan. Current customers for the MRJ are All Nippon Airways and Trans States Holdings of the USA.