Bombardier Reports the Impact of the Adoption of International Financial Reporting Standards (IFRS) for its Fourth Quarter and Year ended January 31,



Bombardier today announced the release of its restated results under IFRS for the fourth quarter and year ended January 31, 2011 .

On January 19, 2011, Bombardier held an information session to explain the impacts the adoption of IFRS will have on the Corporation’s results. On this occasion, the Corporation released its opening statement of financial position as at February 1, 2010, as well as its first and second quarter results of fiscal year 2010-11 (year ended January 31, 2011), based on IFRS. On February 16, 2011, Bombardier released its third quarter results of fiscal year 2010-11 based on IFRS.

Bombardier has now completed the restatement of its quarterly financial results for the fiscal year ended January 31, 2011 and will be reporting its first full set of consolidated financial statements prepared under IFRS for fiscal year 2011-12, starting with the first quarter to be published on June 1, 2011.

All restated figures are available at www.bombardier.com and at www.sedar.com.

About Bombardier
A world-leading manufacturer of innovative transportation solutions, from commercial aircraft and business jets to rail transportation equipment, systems and services, Bombardier Inc. is a global corporation headquartered in Canada. Its revenues for the fiscal year ended January 31, 2011, were $17.7 billion, and its shares are traded on the Toronto Stock Exchange (BBD). Bombardier is listed as an index component to the Dow Jones Sustainability World and North America indexes. News and information are available at www.bombardier.com or follow us on Twitter @BombardierInc.

Source: Bombardier







Friday, April 29, 2011 | Posted in , , | Read More »

New orders and commitments underscore the market demand for Airbus’ eco-efficient A320neo

The new engine option for Airbus’ best-selling A320 Family of jetliners continues to build momentum, having already received more than 330 firm orders and commitments as the company gears up for an October 2015 entry-into-service.

The ­­­­­­­­­­­exceptional commercial activity for Airbus’ highly-efficient A320neo (new engine option) is led by the 100-aircraft order from international leasing company ILFC – which was announced earlier this week, finalising a memorandum of understanding inked in March.

Joining ILFC in signing agreements since the option’s announcement in December 2010 are IndiGo, Virgin America and Brazil’s TAM – each of which will benefit from the A320neo’s more efficient engines and large "Sharklet" wing tip devices for fuel savings of up to 15 per cent, along with additional range of up to 500 nautical miles/900 km. or 2 tonnes of extra payload.

The A320neo marks a new step in Airbus’ continuous evolution of the A320 Family, which demonstrates its maturity and reliability in operational service worldwide. As this new engine option offers maximum benefit with minimal changes from baseline A320 Family aircraft, the A320neo will be built using Airbus’ existing industrial system – with airframes for both versions manufactured in parallel for high production flexibility.

In addition to the integration of Sharklets and two new engine choices – CFM International’s LEAP-X and the PW1100G by Pratt & Whitney – modifications for the A320neo configuration include certain structural changes to specific airframe areas, along with a new engine pylon.

Earlier this year, customers selected the PW1100G as lead development engine, allowing the A320neo’s industrial development phase to begin in earnest. Originally scheduled for a service entry in 2016, this date was moved up earlier this month due to high market demand.

Airbus now is targeting the fall of 2014 for a maiden flight of its A320neo, with certification to follow about one year later. Current planning calls for an eight-aircraft flight test programme, which will accumulate a combined total of approximately 2,600 flight hours.

Source: AIRBUS







Friday, April 29, 2011 | Posted in , , , | Read More »

NASA Astronauts Challenge Earthlings to Chess Rematch



HOUSTON -- NASA astronauts Greg Chamitoff and Greg H. Johnson, who
will launch into space Friday, April 29, are challenging the people
of Earth to a chess rematch. NASA and the U.S. Chess Federation
(USCF) hosted the first Earth vs. space match in 2008 when Chamitoff
lived aboard the International Space Station.

The public won that match thanks to help from chess champions at
Stevenson Elementary School in Bellevue, Wash.

"Chess is a great game that challenges the mind and helps young people
develop critical thinking skills that will serve them well in math,
science, and all aspects of their future careers," Chamitoff said.

He and Johnson will play the game during their 14-day space shuttle
flight to the International Space Station. The USCF will facilitate
the match on its website at:

http://www.uschess.org/nasa2011/

At the site, the public can suggest or vote on a chess move. The USCF
will decide how to respond to the astronauts' moves. NASA and USCF
will use Twitter and Facebook to notify participants about the status
of the game and when to vote on moves.

"We hope the excitement and interest this game generates will inspire
students to become interested in chess," said USCF Executive Director Bill Hall.

Chamitoff, who will conduct two spacewalks during the shuttle mission,
is a chess aficionado. He took a chess set when he launched to the
space station in May 2008, and brought it back when he returned home
in November 2008. He will be taking a different chess set for this trip.

"We hope to do better in this Earth vs. space match," Chamitoff said.
"But, I have to admit it will be a challenge because we have an
extremely busy flight ahead of us."

Updates on the chess match will be posted on the USCF Twitter and
Facebook sites, Chamitoff's Twitter account and the International
Space Station's official Facebook page:

http://twitter.com/chessmagnet

http://www.facebook.com/pages/Earth-vs-Space-Chess-Match-2011

http://twitter.com/Astro_Taz

http://facebook.com/ISS/

For more about Chamitoff, the space shuttle and the space station, visit:

http://www.nasa.gov

Source: NASA






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Fokker Aircraft Services contracted to service AerCap's A320 aircraft


Fokker Aircraft Services (FAS) has been contracted to provide extensive maintenance and C-check including LH - RH Wing Service Bulletin A320-57-1154 & 1155 for AerCap's A320 aircraft.


Thanks to Fokker Aircraft Services’ extensive backshops, its support and services cover the overhaul and repair of landing gear, the aircraft interior – to include the re-skinning of interior panels, emergency equipment, composites, tubes and welded assemblies, plus proprietary parts, with expanded capabilities to include sheet metal work, speed shop (machining, milling, etc.), non-destructive inspection, surface treatment, painting of the livery in cooperation with MAAS, and other customized solutions.


“Our ‘one-stop’ philosophy means that we can perform nearly all maintenance and repair tasks right here at our facilities. This is why we consistently meet our guaranteed turnaround times. The high importance we place on meeting our commitments proves the flexibility, quality and dedication of our maintenance engineers,” says Michiel Van Aken, Sales Director.


Fokker Aircraft Service is an EASA, GCAA and FAA Part 145 approved maintenance facility. Located in in the Netherlands, it boasts five hangars spanning 16,000m2. At any one time, the facility is able to accommodate up to four positions for Boeing 737-series and Airbus A320-family aircraft.


FAS’ capabilities are increasingly being used for Boeing 737 series aircraft and the Airbus A320 family, along with other regional aircraft types such as Embraer and Bombardier.


ABOUT FOKKER AIRCRAFT SERVICES

Fokker Aircraft Services (FAS) specializes in the maintenance, modification and conversion of commercial, private and military aircraft on behalf of operators the world over. With a staff of 400+ based at its Woensdrecht, Netherlands headquarters, FAS serves the operators and owners of Fokker, Boeing and Airbus aircraft. It also maintains the aircraft of national and international armed forces.

Fokker Aircraft Services is a company of Fokker Technologies, which develops and produces advanced components and systems for the aerospace and defence industry, and supplies integrated maintenance services and products to aircraft owners and operators. In 2009 the group achieved a turnover of € 602 million with 3,500 employees.

Source: Fokker Aircraft Services






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