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 world’s commercial aviation markets. Across its core portfolio aircraft business, the asset management team of Regional Aircraft placed 44 aircraft – including eight freighters – in a challenging market, BAE said. The group’s […]


BAE Systems has said that its Regional Aircraft business held up well in the face of the worst ever downturn in the world’s commercial aviation markets. Across its core portfolio aircraft business, the asset management team of Regional Aircraft placed 44 aircraft – including eight freighters – in a challenging market, BAE said.

The group’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.