With Airbus struggling through the beginning stages of its Power8 restructuring program, parent EADS reported a 93% decline in first-half net income to €71 million ($97.8 million) from €1.06 billion in the year-ago period.

Goodrich Corp. signed a new long-term agreement with Boeing under which Goodrich will continue as the exclusive supplier of original equipment and aftermarket landing gear for the 737, 747, 767 and 777 programs through 2012.

Sterling Airlines announced the delivery of Aviation Partners Boeing blended winglet shipsets for seven 737-700s and one 737-800. It also has options on a further eight and already operates four winglet-equipped -800s.

Robust sales across its commercial airplane range helped Boeing post a $1.05 billion net profit in the second quarter, a reversal from the year-ago period's loss of $160 million that resulted from one-time charges. The company's backlog rose 27% year-over-year to a record $278.5 billion, with $207.7 billion (up 47% in the past year) coming from the Commercial Airplanes segment. Revenue climbed 14% to $17.03. Operating profit of $1.51 billion compared to a $48 million deficit in the second three months of 2006.

Bombardier sold four Q400s to Nigeria's Arik Air, which will configure them with 10 business class and 62 economy seats. The aircraft are worth approximately $104 million at list prices. Arik currently operates four CRJ900s and three CRJ200s on seven domestic routes. CEO Michael McTighe said certain routes, especially Lagos-Port Harcourt, cannot be served with jets because of landing strip restrictions.