The Quebec government’s $1 billion investment in the Bombardier CSeries program is not a subsidy and was essential because the province could not afford to see the aircraft fail, the Quebec Premier said during his visit to the Farnborough Airshow this week.
Boeing acknowledged Tuesday that Iran Air has signed a letter of intent to order airliners, confirming the US manufacturer intends to challenge Airbus vigorously in the politically sensitive, but potentially lucrative Middle Eastern market.
Airbus and Boeing need to increase output of narrowbody jets to burn off massive backlogs, but the high production rates they are talking about probably cannot be sustained over the long run, the head of a key supplier said this week.
With flight tests of the long-delayed Bombardier CSeries past the half-way stage and certification now on track for year end, key leasing companies say the airliner’s longer term success hinges on execution of the final approval phase to service entry as well as building credibility by attracting big orders.
Louis Chenevert, the architect of the biggest aerospace and defense (A&D) acquisition ever and a driving force behind Pratt & Whitney’s geared turbofan (GTF) engine, has stepped down as chairman and CEO of United Technologies Corp. (UTC).
US National Transportation Safety Board (NTSB) chairman Deborah Hersman said the enactment of rules to prohibit airline passengers from carrying children under two years of age in their laps is one of her biggest pieces of unfinished business as she prepares to leave the board after 10 years.
A surge in orders for commercial E-Jets is fueling a rebound in Embraer's backlog after a painful downturn, but the top executive at the Brazilian aircraft builder says there are no plans to raise production levels anytime soon.
Settling into his new role as the head of IATA, director general and CEO Alexandre de Juniac has made clear his frustration with government policies that fail to recognize the value of aviation....More
The world’s airlines will continue their streak of collective profitability in 2017, but anticipated higher costs coupled with a sluggish global economy lead IATA forecasters to believe next year’s industry net profit will be almost $6 billion lower than 2016’s expected profit....More