| BizAv jet production to pick up: Forecast International
The worst of the downturn in the business jet market is over, according to a new forecast by Forecast International. The market for business jet production is expected to show some minor improvement next year, signaling the start of a gradual — but potentially long-lasting — market recovery, the forecast said.
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| Embraer opens first U.S.-based Global Customer Center
Wings magazine was on hand in Melbourne, Fla., yesterday for the grand opening of Embraer's first U.S.-based Global Customer Center and the delivery the first Phenom 100 assembled in the United States to Robert Taylor, CEO of Executive AirShare.
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| Aéro Montréal and ASIS Saxony strike new pact
Aéro Montréal settled its intent on co-operation with ASIS Saxony, the aerospace cluster of Saxony, Germany, during the third edition of the Aerospace Innovation Forum 2011 last week. It aims to establish a special relationship between the two parties, increase the collaboration in commercial opportunities and exchange benchmarking data.
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| Bombardier's third-quarter profit soars
Transportation manufacturing giant Bombardier reported last week its profits soared by more than 30 per cent to US $192 million in the third quarter as it recorded improvements in both the aerospace and railway segments. The Montreal-based company, which reports in U.S. dollars, earned 11 cents per diluted share for the period ended Oct. 31, a gain of three cents compared to the third quarter of 2010.
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| Aqsaqniq Airways, Medic North Nunavut ink medevac deal
Discovery Air Inc. and subsidiary Air Tindi Ltd. have announced that their majority Inuit-owned partnership, Aqsaqniq Airways Ltd., has been selected by the Government of Nunavut to supply air ambulance services in the Kitikmeot Region.
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