CFM International reached 100 hours of flight testing for its Leap 1C engine on the Boeing 747. The turbofan engine is designed for the Comac C919 narrowbody and features new, lighter weight pylons that improve performance and decrease operating costs.
In mid-term elections on Tuesday, November 4th, Republicans gained the Senate majority and strengthened their majority in the House of Representatives. Specifically, Republicans replaced Democratic Senate incumbents in Arkansas, North Carolina, Iowa, Colorado, South Dakota, West Virginia, Montana, and Alaska. Moreover, Republicans gained control of governor’s mansions in a number of states previously held by the Democratic Party including Arkansas, Illinois, Maryland, and Massachusetts.
On the evening of Tuesday, October 28th, an unmanned Orbital Sciences Corp. rocket carrying cargo for the international space station endured a catastrophic failure moments after liftoff. Although there were no injuries, launch facilities suffered significant damage.
The National Business Aviation Association’s 2014 Business Aviation Convention & Exhibition (“NBAA 2014”) took place in Orlando earlier this week. NBAA 2014 showcased approximately 1,100 exhibitors and attracted more than 26,000 business aviation professionals.
In August, Deltek released a report titled “Federal Health Information Technology Market, 2014-2019,” detailing how investment in Healthcare Information Technology (“HIT”) systems and services by Federal government agencies is expected to increase from $4.3 billion in 2014 to $4.8 billion in 2019, representing a compound annual growth rate (“CAGR”) of 2.2%.
General Dynamics’ subsidiary, Gulfstream Aerospace Corporation, announced two new Gulfstream business jets, the G500 and the G600 aircraft. The updated aircraft are more efficient and can travel farther distances than their predecessors at faster speeds.
This past Tuesday, Boeing released its biennial World Air Cargo Forecast at the International Air Cargo Forum and Exhibition in Seoul, South Korea. The forecast projects an annual growth rate of 4.7% over the next decade, with global airfreight traffic more than doubling by 2013.
Bombardier Inc. announced a firm order for 40 of its new CSeries passenger jets. The Ireland based company, Macquarie AirFinance Ltd., subsidiary of the Australian Company, Macquarie Group, Ltd., is the third lessor to order the 135-seat CS300 model and has options to purchase another 10 aircraft.