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SpeedNews

  1. US President signed EX-IM BANK Reauthorization Act of 2012 into law, extending Bank's authority through 2014 & increasing portfolio to $140b
  2. IATA reports global pax traffic increased 6.1% in April over April 2011 (above 20-year trend), while cargo traffic dropped 4.2%.
  3. EMBRAER named Jose Antonio Filippo as next Chief Financial Officer
  4. FINNAIR announced to its labor unions and management that it has signed an MOU to sell FINNAIR ENGINE SERVICES to US-based GA TELESIS
  5. CRANE AEROSPACE & ELECTRONICS was selected by Goodrich to supply proximity switches and targets for nacelle assembly on Trent-powered A350s
  6. Brazil's PASSAREDO ordered 10 ATR 72-600s, and optioned 10, to add to previously announced lease of four others... ow.ly/b7wYZ
  7. QANTAS announced plan to terminate #737 heavy #maintenance at Tullamarine to consolidate its... ow.ly/b4DEM
  8. ST AEROSPACE finalized agreement with AIRBUS/EADS to launch A330 pax-to-freighter conversion program; as part of deal.. ow.ly/b4DzP
  9. Newly listed this week #JT8D #JT9D #CFM56 #767-300 #Saab340B #SNLIST #aircraft #engines ow.ly/aYET1
  10. AVIOSERV SAN DIEGO & ITS INFINITY TRADING were selected by Southwest Airlines to support phased retirement of 737CL... ow.ly/aYzo2
  11. CAE acquired OXFORD AVIATION ACADEMY for C$314m in cash to add seven civil aviation training centers (now.... ow.ly/aYzle
  12. US SENATE passed legislation to extend EX-IM BANK authorization through FY14 and increase its portfolio cap to $140b.
  13. Sikorsky's PZL MIELEC was selected by Eclipse Aerospace to manufacture Eclipse 550 fuselage, empennage and... ow.ly/aWJkc
  14. CESSNA AIRCRAFT launched 8-pax Citation Longitude with Snecma's Silvercrest engine with range of 4,000 nm and maximum speed of Mach .86
  15. BOMBARDIER launched 6-pax Learjet 70 and 8-pax Learjet 75 with new interior design and... ow.ly/aU8Qu
  16. BOMBARDIER AEROSPACE earned US$91m on US$1.5b revenues in 1Q12 vs $141m on $2.2b in 1Q11. It delivered... ow.ly/aPspa
  17. BOEING completed Preliminary Design Review of KC-46 Tanker program with USAF.
  18. Taiwan's EVA AIR ordered three 777-300ERs from BOEING & took purchase rights on four more. It also agreed to lease another four from GECAS
  19. Visit us on Facebook for photos of the final F-22 delivery, CTS Engines' new facility, conference updates & more! facebook.com/speednews
  20. Airbus delivered 52 airliners (40 A320 Family; 11 A330s; A380) in April 2012 vs 48 (39 A320 Family; eight A330s; A380) in April 2011.