Honeywell Completes Sale Of Its Consumables Solutions Business To B/E Aerospace
July 28, 2008
PHOENIX, July 28 /PRNewswire-FirstCall/ — Honeywell Aerospace (NYSE:
HON) announced today that it has completed the sale of its Consumables
Solutions business to B/E Aerospace for $1.05 billion, consisting of $901.4
million in cash consideration and six million shares of B/E Aerospace
common stock.
“Honeywell Aerospace is focused on delivering advanced technologies
that help enhance the safety and security of global air travel,” said Rob
Gillette, Honeywell Aerospace President and Chief Executive Officer. “The
sale of the Consumables Solutions business helps to better align our
business with this strategic objective and positions us to continue to
build on our great positions within the aerospace industry.”
Consumables Solutions is a global distributor of aerospace fasteners
and hardware, and provides custom logistics services to original equipment
manufacturers, airlines, repair shops, flight service centers and
distributors.
Honeywell International is a $38 billion diversified technology and
manufacturing leader, serving customers worldwide with aerospace products
and services; control technologies for buildings, homes and industry;
automotive products; turbochargers; and specialty materials. Based in
Morris Township, N.J., Honeywell’s shares are traded on the New York,
London and Chicago Stock Exchanges. For additional information, please
visit http://www.honeywell.com.
Based in Phoenix, Honeywell’s $12 billion aerospace business is a
leading global provider of integrated avionics, engines, systems and
service solutions for aircraft manufacturers, airlines, business and
general aviation, military, space and airport operations.
TAM Adheres to the Declaration of ‘Business Social Responsibility and Human Rights’
July 28, 2008
Company is the only airline among the first 84 signatories of this document
SAO PAULO, Brazil, July 28 /PRNewswire-FirstCall/ — TAM (Bovespa:
TAMM4 and NYSE: TAM) has formalized its adherence to the declaration of
“Business Social Responsibility and Human Rights” presented at an event
sponsored by the Ethos Institute and by the Special Secretary for Human
Rights of the Presidency of the Republic this past July 24th, in
commemoration of the 60th anniversary of the Universal Declaration of Human
Rights of the United Nations (UN). With its adherence, TAM has become the
only airline among the first 84 signatory companies of the declaration.
By formalizing the agreement, the company is declaring its commitment
to implement action plans leading to progressive improvement of the
indicators of social responsibility that reflect human rights policies,
such as: promotion of racial and gender equality in the work place; the
eradication of slave labor; inclusion of people with handicaps; and support
for the promotion of the rights of children, adolescents and youth.
TAM president Captain David Barioni Neto signed for the company,
publicly assuming the commitment to promote the principles upheld by this
declaration, which was officially inaugurated at an event that brought
together 253 businessmen and 150 representatives of government agencies and
non- governmental organizations, in addition to President Luiz Inacio Lula
da Silva; Jose Serra, Governor of Sao Paulo state; and the mayor of the
city of Sao Paulo, Gilberto Kassab. “TAM’s adherence reinforces our
sustainability policy and our undertaking to contribute to the social
development of this country,” Barioni asserted.
In addition to being a signatory of the declaration of “Social
Responsibility of Business and Human Rights,” TAM is also the first airline
in South America to join the list of signatory companies of the Global
Compact (http://www.unglobalcompact.org), a worldwide initiative developed
by the United Nations (UN).
Taurus Aerospace Group Appoints Larry Resnick as CEO
July 28, 2008
PHILADELPHIA, July 28 /PRNewswire/ — Taurus Aerospace Group, a leading
provider of integrated specialist solutions to aircraft OEMs and fleet
customers, today announced that it has appointed Mr. Larry Resnick as Chief
Executive Officer of the Company.
Mr. Resnick joins Taurus Aerospace Group from Arsenal Capital Partners
where he was an Operating Director and co-lead of Arsenal’s Aerospace &
Defense Team. Prior to his role at Arsenal Capital, Mr. Resnick was Senior
Vice President of Operations at Triumph Group, Inc.
“I am thrilled to have the opportunity to lead Taurus Aerospace Group.
I share Taurus’ vision of building a world-class business that provides
integrated and specialist solutions across the airframe lifecycle. I look
forward to working closely with the current Taurus companies and their
employees to further grow the businesses. Part of that is to actively
pursue additional opportunities to expand our offerings to aircraft OEM and
fleet customers,” said Mr. Resnick.
About Taurus Aerospace Group
Taurus Aerospace Group is a leading provider of integrated specialist
solutions to aircraft OEMs and fleet customers.
Taurus’ strategy is to provide its customers with a family of
best-in-class companies offering products and services which support the
entire airframe lifecycle, from design through manufacturing and
maintenance, enhanced through superior engineering capabilities.
Taurus Aerospace Group includes three foundation companies: Brek
Manufacturing, a Los Angeles-based manufacturer of monolithic structures
for airframes, Aviation Technical Services (ATS), a Seattle-based provider
of maintenance, repair and overhaul (MRO) services for airframes and
components and Aircraft on Ground, Inc. (AOG), a Dallas-based provider of
aircraft fuel tank repair and maintenance services.
Taurus is sponsored by the Macquarie Group, a recognized investor,
operator and manager in a wide range of specialist asset classes around the
world including aviation, infrastructure, real estate, telecommunications
and media.
Garmin’s G600(TM) Receives Certification, Deliveries Begin
July 28, 2008
OLATHE, Kan., July 28 /PRNewswire-FirstCall/ — Garmin International
Inc., a unit of Garmin Ltd. (Nasdaq: GRMN), the global leader in satellite
navigation, announced today that it has received FAA Approved Model List
Supplemental Type Certification with an Approved Model List (AML STC) for
the G600, a revolutionary new avionics suite designed for the retrofit and
forward fit avionics market. The FAA’s approval allows the G600 to be
installed in 785 different makes and models of normal and utility category
aircraft, including twin combustion engine and turbo-prop engine aircraft
with a certification weight up to 12,500 lbs.
(Logo: http://www.newscom.com/cgi-bin/prnh/20061026/CGTH082LOGO)
Garmin’s G600 incorporates two individual displays — a PFD and MFD —
in a customized package designed for easy retrofit installation. The G600
combines primary flight data including attitude and air data with
navigation, weather, terrain and traffic data displayed in an intuitive
pictorial format on dual LCD displays. This large, user-friendly
presentation allows pilots to quickly and efficiently scan the data so that
they can stay ahead of the aircraft during all phases of flight.
“Some of the biggest benefits of the G600 are very difficult to
describe with traditional marketing specs,” said Gary Kelley, Garmin’s vice
president of marketing. “Once a pilot sits in a G600 equipped aircraft,
they’ll be amazed at the situational awareness that comes from having the
PFD and MFD directly in front of the left seat. The G600 is the first time
pilots have such a large MFD available in their primary field of view.”
The G600 is designed to integrate with Garmin’s panel mount WAAS GPS
products. It replaces traditional mechanical gyroscopic flight instruments
with Garmin’s solid state Attitude and Heading Reference System (AHRS) that
has superior reliability and accuracy, and features rapid alignment while
moving, including in-flight dynamic restarts. The PFD display increases the
pilot’s attitude indication by over 50 percent over a traditional 3-inch
attitude indicator. The system is certified to interface with most general
aviation autopilots acting as a navigation source selector and providing
GPS horizontal steering data enabling the autopilot to fly arcs, procedure
turns, and holding patterns. Additional features like altitude pre-selector
and flight director are available in a select number of autopilots.
The G600’s size (10″w x 6.7″h) allows for easy installation into the
existing instrument panel in most aircraft. The system is designed to take
the space that is currently occupied by the basic “T” or six-pack of
instruments (attitude, airspeed, altitude, vertical speed, turn coordinator
and directional gyro).
The MFD provides pilots with a clear, concise picture of where they are
relative to terrain, airspace, weather, and traffic. Garmin’s popular
SafeTaxi(R) is a standard feature displayed on the MFD. SafeTaxi provides
pilots with detailed diagrams of over 850 airports so they can navigate
unfamiliar taxiways with ease. This feature identifies runways, taxiways,
and structures, and are geo-referenced to the aircraft’s exact position on
the field. Garmin FliteCharts(R) is also standard and it allows pilots to
quickly find and view all NACO Departure Procedures (DP), Standard Terminal
Arrival Routes (STARs), approach charts, and airport diagrams on the MFD.
Pilots may also select the optional ChartView, an electronic version of
Jeppesen’s extensive library of charts and airport diagrams.
Datalink weather is also available as an option via XM WX Satellite
Weather(TM) (U.S. only) through Garmin’s GDL(R) 69 or GDL 69A. Graphical
weather depictions of NEXRAD, METARs, TAFs, TFRs, winds aloft, echo tops,
precipitation type at the surface, lightning strikes, storm-cell data,
AIRMETs, and SIGMETs can be received and displayed on the G600 so that
pilots can make informed navigation decisions. The weather data may be
overlaid on map databases. The G600 also provides a user interface for the
more than 170 channels of XM audio.
The G600 is available now at a suggested retail price of $29,995. It
includes the GDU 620 display/control unit, GRS 77 AHRS, GDC 74A digital air
data computer, GMU 44 tri-axial magnetometer, GTP 59 temp probe, and the
required leveling brackets.
About Garmin International Inc.
Garmin International Inc. is a subsidiary of Garmin Ltd. (Nasdaq:
GRMN), the global leader in satellite navigation. Since 1989, this group of
companies has designed, manufactured, marketed and sold navigation,
communication and information devices and applications — most of which are
enabled by GPS technology. Garmin’s products serve automotive, mobile,
wireless, outdoor recreation, marine, aviation, and OEM applications.
Garmin Ltd. is incorporated in the Cayman Islands, and its principal
subsidiaries are located in the United States, Taiwan and the United
Kingdom. For more information, visit Garmin’s virtual pressroom at
http://www.garmin.com/pressroom or contact the Media Relations department
at 913-397-8200. Garmin, SafeTaxi, FliteCharts, and GDL are registered
trademarks, and G600, GRS 77, GDC 74, GMU 44, and GTP 59 are trademarks, of
Garmin Ltd. or its subsidiaries.
Virgin America and Virgin Galactic Launch Race for Space, Pilot Exchange
July 28, 2008
Airline’s Elevate Loyalty Members Will Compete for a Seat on One of World’s
First Commercial Space Flights
MOJAVE AIR & SPACEPORT, Calif., July 28 /PRNewswire/ — Virgin America,
the California-based airline, and Virgin Galactic, the first commercial
space-line, today announced the start of the “Race for Space,” in which
Virgin America Elevate loyalty program members can compete to fly their way
to a seat on a sub-orbital space flight. The program is being unveiled
today to celebrate the world premiere roll-out of the Virgin Galactic
spaceship launch vehicle, the WhiteKnightTwo (WK2). The companies also
announced their intent to institute a pilot exchange, under which select
Virgin America pilots will enter Virgin Galactic’s rigorous training
program.
“Virgin-branded companies are known for being innovative and for
thinking big, so we’re honored to link an airline that is reinventing the
domestic flying experience with the world’s first space-line,” said Virgin
America President and CEO David Cush. “True to the Virgin spirit, our
loyalty program, Elevate, is unlike any other U.S. frequent flier program
and will offer unique rewards with no black-out dates. The Race for Space
is a perfect example of the extraordinary opportunities members will be
able to take advantage of.”
Today, one of the newest additions to Virgin America’s fleet – an
Airbus A320 named My Other Ride is a Spaceship will bring aviation
luminaries, Virgin Group Founder Sir Richard Branson’s Mother Eve Branson
(by whom, WK2 will be christened), and Virgin Galactic’s customers, from
Los Angeles International Airport to the birthplace of the WK2 – Scaled
Composites in Mojave, California. Upon touchdown, My Other Ride is a
Spaceship will meet Branson for the first public roll-out of the WK2.
The companies will also announce the Race for Space, in which Elevate
members will be able to compete for one seat on a Virgin Galactic
sub-orbital space flight. Today, Elevate members can begin earning their
way to the 10,000 Elevate points needed to enter the Race for Space. Over
the course of the competition leading up to the Virgin Galactic launch
(slated for 2010), members who reach 10,000 points will have the
opportunity to sign-up and compete in a series of challenges – with one
member ultimately earning a once-in-a-lifetime trip.
By Oct. 1, 2008, Elevate members will be able to begin redeeming points
for Virgin America flights on-line. One lucky Elevate member was selected
to join the flight to the Mojave for the WK2 unveiling event.
The Virgin America pilots flying My Other Ride is a Spaceship are among
the top candidates being considered for the Virgin Galactic exchange
program. Still in pre-flight testing, the WK2 will enable commercial space
travel for private individuals, science and payload. WK2 is the world’s
largest all carbon composite aircraft with a high-altitude lift capacity
capable of launching SpaceShipTwo into sub-orbital space.
“My Other Ride is a Spaceship is one of the newest and most fuel
efficient aircraft flying in the U.S., and when it touches down today it
will share the runway with the next generation of government and commercial
aerospace — the WK2,” said Will Whitehorn President of Virgin Galactic. “I
couldn’t be more proud that two Virgin-branded companies will link the
cutting-edge present to the very future of commercial aviation.”
Virgin America currently flies to seven cities with daily flights from:
San Francisco (SFO) to Los Angeles (LAX), SFO to New York (JFK), SFO to San
Diego (SAN), SFO to Washington (IAD), SFO to Las Vegas (LAS), SFO to
Seattle (SEA), LAX to JFK, LAX to IAD, LAX to SEA and starting Sept. 4,
2008, non-stop flights JFK to LAS.
EDITORS NOTE: Virgin America is a U.S. controlled and operated airline
and an entirely separate company from Virgin Atlantic. Sir Richard
Branson’s Virgin Group is a minority share investor in Virgin America.
About Virgin America: Launched in August 2007, Virgin America is a
California-based airline that offers guests attractive fares and a host of
innovative features aimed at reinventing air travel. Virgin America’s base
of operations is San Francisco International Airport’s ultra-modern and
convenient International Terminal. The airline’s new Airbus A320-family
aircraft offer interactive in-flight entertainment systems and power
outlets for laptops and other electronic gear. In July 2008, Virgin America
was named “Best Domestic Airline” in Travel + Leisure World’s Best Awards.
In Zagat’s 2007 Global Airlines Survey, the airline was ranked #1 among
U.S. carriers for quality in First/Business Class and #2 in Main Cabin. To
learn more: http://www.virginamerica.com
About Virgin America’s Elevate Loyalty Program and the Race for Space:
Virgin America is reinventing the domestic travel experience at every
level, including through its first-of-its-kind loyalty program – Elevate.
Unlike other domestic frequent flier programs, Elevate will be a
full-service loyalty program with no black-out dates. Elevate has grown to
over 430,000 members – with 1,300 new members joining every day. Starting
with their very first flight, members will earn 5 points for every $1 spent
on published base fares. By October 2008, members will be able to redeem a
free trip for as few as 4,900 points or four roundtrips. The Race for Space
will allow one lucky Elevate member to fly their way to a seat on one of
the world’s first sub-orbital space flights. For more on Elevate and the
Race for Space: http://www.virginamerica.com/raceforspace
About Virgin Galactic: Virgin Galactic was established by Sir Richard
Branson’s Virgin Group to undertake the challenge of developing commercial
space tourism, with the ultimate goal of making space travel possible and
affordable for all people. Virgin Galactic owns and operates
privately-built spaceships based on the history-making SpaceShipOne craft.
These spaceships will make affordable, sub-orbital space tourism possible
for the first time. For more, including photos and video:
http://www.virgingalactic.com/pressftp
Elbit Systems to Supply the Israeli Defense Forces with Thermal Imaging and Target Acquisition Systems
July 28, 2008
Observation and Target Acquisition, Light Weight and Low Power Consumption
Make MARS Especially Suited for Various Future Soldier Programs
HAIFA, Israel, July 28 /PRNewswire-FirstCall/ — Elbit Systems Ltd.
(NASDAQ: ESLT) announced today that its wholly-owned subsidiary, Elbit
Systems Electro-Optics Elop Ltd. was selected by the Israeli Defense Forces
as the supplier of Mars – an innovative thermal imaging and target
acquisition system.
MARS is a hand-held next-generation thermal imager that operates using
un-cooled sensor technology. In addition, the system combines a laser
range-finder, GPS, compass, day channel and recording system. MARS is
especially suited for the individual soldier, infantry forces and special
units due to its advanced observation and target acquisition capabilities,
its light weight and low power consumption.
“The unique imager, which answers the needs of the individual soldier,
was developed according to the IDF’s requirements, based on the extensive
experience and knowledge accumulated at Elop, the leading electro-optics
supplier for the IDF and other modern armies,” said Haim Rousso, Elbit
Systems Electro-Optics Elop General Manager. “We take great pride in
supplying the IDF with our advanced systems. Elbit Systems was among the
first to identify the global preference of lightweight acquisition systems
designed for the individual soldier rather than the old large and heavy
systems. We consider the new system a significant milestone in this global
trend and an ideal solution for the individual soldier. We anticipate
growing interest among our global clients in acquiring similar systems.”
About Elbit Systems
Elbit Systems Ltd. is an international defense electronics company
engaged in a wide range of defense-related programs throughout the world.
The Company, which includes Elbit Systems and its subsidiaries, operates in
the areas of aerospace, land and naval systems, command, control,
communications, computers, intelligence surveillance and reconnaissance
(“C4ISR”), unmanned air vehicle (UAV) systems, advanced electro-optics,
electro-optic space systems, EW suites, airborne warning systems, ELINT
systems, data links and military communications systems and radios. The
Company also focuses on the upgrading of existing military platforms and
developing new technologies for defense, homeland security and commercial
aviation applications.
PW308A-Powered WK2 Launch Aircraft for First Commercial Space Flight Debuts
July 28, 2008
LONGUEUIL, QUEBEC–(Marketwire – July 28, 2008) – Pratt & Whitney Canada (P&WC) is celebrating the official rollout in Mojave, California of the PW308A-powered WhiteKnightTwo (WK2) launch aircraft for the world’s first commercial passenger suborbital spaceship. P&WC is a United Technologies (NYSE:UTX) company.
“We are proud to be powering this important component of The Spaceship Company’s (TSC) commercial spaceship program just one year after our engines were selected for the mother ship,” said John Saabas, Executive Vice President, P&WC. “The development program has been going very well and it’s fantastic to see the WhiteKnightTwo make its debut appearance.”
The WK2 carrier aircraft, powered by four PW308A engines, is being designed by Scaled Composites to release SpaceShipTwo (SS2), the first commercial passenger suborbital spacecraft, at an altitude of about 50,000 ft. TSC is jointly owned by Virgin Galactic and Scaled Composites.
“The rollout of WhiteKnightTwo is a great milestone that paves the way for a new era in space travel,” said Sir Richard Branson, founder of the Virgin Group of Companies and co-founder of The Spaceship Company. “It will have the best fuel efficiency of any aircraft ever built thanks to its state-of-the-art and dependable PW308A engines. With collaboration from companies such as Pratt & Whitney Canada, we are developing the world’s most advanced payload carrier and pushing the boundaries of innovation to make public space travel a reality.”
“The WhiteKnightTwo program will give P&WC an invaluable opportunity to collect high-altitude performance data for the PW308A turbofan,” added Saabas.
The fully-certified PW308A engine has a demonstrated capability to fly at an altitude up to 60,000 feet. Rated at 6,900 lbs. normal takeoff thrust and equipped with a full-authority digital engine control (FADEC), the PW308A provides a combination of cruise thrust, fuel consumption and power-to-weight ratio considered best in its class. It currently powers Raytheon’s new Hawker 4000 super mid-size business jet.
Pratt & Whitney Canada, based in Longueuil, Quebec, is a world leader in the design, manufacture and service of aircraft engines powering business, general aviation and regional aircraft and helicopters. The company also manufactures auxiliary power units and industrial gas turbines. United Technologies, based in Hartford, Conn., USA, is a diversified company providing high technology products and services to the global aerospace and building industries.
Brazil to invest $2.4 billion in its airports for the World Cup in 2014
July 28, 2008
The state airports administration, Infraero, has responded positively to the airlines
US citizen outbound travel to Latin America through April was up
July 28, 2008
While total outbound travel was up 3.7%,
Chile reports traffic increased 13.2% in the first six months of the year
July 28, 2008
The Chilean Civil Aviation Board (JAC) has reported a total of 4,872,671 total passengers (domestic and international) were transported in the first six months, for a 13.2% increase. 2,344,863 passengers were carried domestically for a 24.7% increase, 2,525,808 passengers were carried internationally for a 4.3% growth.
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