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| AIA dailyLead® |
| November 16, 2009 |
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Plane makers say airlines are poised to bounce back
Both Boeing Co. and Airbus SAS are predicting an international recovery in the airline industry next year. Speaking from the Dubai Air Show, the two leading plane makers said airlines have stopped deferring deliveries of pricey new jets as they prepare for firming demand for air travel in the coming years. "Everybody is talking about new orders, there is nobody talking about delays and cancellations," said Airbus COO John Leahy. Meanwhile, a Boeing executive predicted that "next year will be a year of recovery, and in 2011 airlines will return to profitability." Bloomberg (11/16)
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Aerospace industries see big opportunities at Dubai Air Show
Military aircraft, weaponry and spy systems should be more on display than ever at this year's Dubai Air Show as aerospace and defense industries work to develop new markets. Domestic markets in the U.S., U.K. and France have increasingly looked to the Middle East to boost their military aircraft production, and high oil prices continue to make the region a growth market for combat aircraft, one expert said. NYTimes.com (11/16)
EADS reports loss for Q3
A stronger euro helped drag EADS to a third-quarter loss, the company said Monday, while big new military and commercial aircraft continued to weigh on the company's future. CFO Hans Peter Ring told analysts Airbus may have to take a new charge on the A380 super jumbo, and renegotiated contracts for the A400M could produce "substantial negative income statement impacts ... in future quarters." The Wall Street Journal (11/16)
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GE plans avionics venture with Chinese firm
General Electric announced Sunday it will form a 50-50 joint venture with China Aviation Industry Corp. I to build avionics systems for new commercial aircraft. GE hopes to launch the venture by the middle of next year, promising to create some 200 jobs at its plant in Grand Rapids, Mich. Bloomberg (11/15)
Washington eyes tax on airlines' ancillary revenue
Leading members of Congress have asked the Government Accountability Office to investigate airline fees, with an eye toward taxing the billions of dollars in revenue that the fees generate each year. "Maybe we have to teach them a lesson, and make them pay their fair share," says Rep. James Oberstar, D-Minn., noting that excise taxes help fund airport improvements seen as crucial to the industry. But the airlines counter that fees have helped to offset a steep decline in ticket sales, and any new tax would likely be passed along to passengers in the form of higher ticket prices. NYTimes.com (11/13)
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Crashed satellite shows significant stores of lunar water
NASA announced Friday that the LCROSS satellite that crashed into the moon last month kicked up the equivalent of 27 gallons of water -- many times the amount that scientists had hoped for. "It's pretty much been a 'Holy cow!' moment every single day since impact," said the team's leader. The discovery could boost the chances for another manned lunar mission, since water on the moon could be used to help astronauts reach more distant destinations. The Washington Post (11/14)
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Babbitt faults controllers in case of errant Northwest flight
FAA Administrator Randy Babbitt on Friday said air traffic controllers in Denver and Minneapolis failed to notify other controllers of a Northwest Airlines jet flying through their sectors without radio contact. Because controllers in each sector tried anew to contact the plane, no one was aware of how long Flight 188 had been silent. Babbitt faulted controllers for failing to alert the Air Force within the required 10-minute time frame and said stricter procedures would be implemented to ensure proper notifications. The New York Times (tiered subscription model) (11/13) Chicago Tribune/The Associated Press (11/13)
Who's Hiring Industry Job Listings
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Join the conversation about Cybersecurity and the supply chain
Attend AIA's Aero Webinar this Thursday Nov. 19 at 2 p.m. ET. Scott Borg, director and chief economist at the U.S. Cyberconsequences Unit, will address solutions to best address security issues in the supply chain. Discount for AIA Members. Sign up now.
AIA supports the Dubai Air Show
AIA's team is on the ground at the Dubai Air Show supporting its members and a corral of U.S. military aircraft. AIA members have access to a host of benefits including special chalet access and on-site support and assistance. Read more about AIA at the Dubai Air Show
Poll: When does you company expect to resume hiring?
Q1 2010
Q2 2010
Q3 2010
Q4 2010
Not until 2011
We never stopped hiring
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