Textron, parent company of Cessna Aircraft and Bell Helicopter, today reported a net loss of $58 million in the second quarter, compared with a $258 million profit in the year-ago period. Revenues were $2.6 billion, down 29 percent from the second quarter of last year. The company also downgraded its revenue forecast this year from [...]

Hawker Beechcraft yesterday unveiled the latest version of its venerable C90 King Air turboprop twin at EAA AirVenture in Oshkosh, Wis. Deliveries of the new $3.65 million King Air C90GTx are scheduled to begin early next year. The GTx replaces the GTi, which was launched at AirVenture in 2007. The aircraft are remarkably similar, except [...]

Honeywell on Sunday introduced a new handheld EFB navigator with a large seven-inch touchscreen display and geo-referenced IFR charts. The AV8OR ACE uses the same interface as the 4.3-inch-display AV8OR, which was introduced last year, but adds EFB Class I or II capability with own-ship position displayed on IFR en route (high and low altitude), [...]

Yesterday at EAA AirVenture in Oshkosh, Wis., Garmin announced the new ADS-B-in GTS 800 and 820 traffic advisory systems (TAS) and GTS 850 TCAS. All three systems combine ADS-B and radar targets using Garmin’s Clear CAS technology. The GTS 800 offers 12-nm interrogation range and 40 Watts of transmit power and retails for $9,995; the [...]

Sonex Aircraft brought what might be the only new jet-powered aircraft to EAA AirVenture in Oshkosh, Wis.–a research-and-development project intended to evaluate market reception for a small jet airplane kit. The aerobatic “Subsonex” will be powered by a 200-pound-thrust turbine engine, according to Sonex’s Mark Schaible, and should offer one hour of endurance, with a [...]

Ethiopian Airlines yesterday said it placed an order for 12 A350-900s from Airbus and five 777-200LRs from Boeing, a move it called “unprecedented,” while Turkish Airlines added eight more 777-300ERs to its order book.

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Airbus parent EADS reported second-quarter net income of €208 million ($296.1 million), a 76% increase over a €118 million profit in the year-ago period, and noted that “the negative [macroeconomic] trend. . .stopped or slightly reversed recently.”

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Lufthansa asked the Austrian Takeover Commission to extend the deadline for its proposed acquisition of Austrian Airlines Group by one month to Aug. 31 because the European Commission has not yet cleared the tie-up, while the EC confirmed yesterday that it has received a new proposal from the German company addressing some of the competition [...]

News from Travel Technology Update: United Airlines told a group of congressmen and senators that it would delay by up to 60 days the implementation of a policy that denies certain agencies the right to use the carrier’s credit card merchant accounts to process credit card sales for United tickets.

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Related Reading:
New and Projected Aeronautical and Space Systems, Design Concepts, and Loads: Volume 1, Flight-Vehicle Materials, Structures, and Dynamics