Goodrich Corp.’s Everett jet maintenance center will install new winglets on jets for Alaska Airlines. The Seattle-based airline announced Monday it had ordered 25 sets of winglets from Aviation Partners to make its planes more fuel efficient. The winglets will be installed on new 737-800s that Boeing is to deliver to the airline next year and on the 22 737-700s that Alaska has in its fleet now. Goodrich’s Aviation Technical Services center in Everett will do the installation on the 737-700s as they come in to the center for routine heavy maintenance checks, the airline said.
IRS business audits decline in 2004
The pace of corporate audits by the Internal Revenue Service continued to decline in the first six months of fiscal 2004, despite IRS pledges to crack down on tax violators, an analysis of government data shows. Syracuse University’s Transactional Records Access Clearinghouse said Monday that the IRS carried out 7,794 corporate audits from October 2003 through March 2004, down 26 percent from the pace set in fiscal 2003.
Canadian unions target Wal-Mart
Union efforts to organize Wal-Mart workers in Canada continued Monday in the auto-service departments of seven British Columbia outlets of the world’s largest retailer. The United Food and Commercial Workers said it has applied to represent employees at Wal-Mart Tire &Lube Express in Terrace, Dawson Creek, Fort St. John, Quesnel, Kamloops, Langford and Surrey.
T-bill rates rise in Monday auction
The Treasury Department auctioned three-month bills Monday at a discount rate of 1.95 percent. Six-month bills were auctioned at a discount rate of 2.14 percent. The new discount rates understate the actual return to investors – 1.987 percent for three-month bills with a $10,000 bill selling for $9,950.71 and 2.193 percent for a six-month bill selling for $9,891.81. In a separate report, the Federal Reserve said Monday that the average yield for one-year Treasury bills, a popular index for changing adjustable rate mortgages, rose to 2.27 percent last week, up from 2.22 percent the previous week.
Airbus to open China center
Airbus SAS plans to set up an engineering center in China next year to focus on new generation jets for the mainland’s fast-growing aviation market, the French aircraft maker said Monday. The company also announced a deal with Hainan Airlines, worth hundreds of millions of dollars, for eight aircraft. Toulouse, France-based Airbus said its engineering center is expected to employ 200 people by the end of 2008.
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