The World Trade Organization (WTO) has ruled that despite requests, the European Union (EU) has failed to stop all subsidies to Airbus, the result of which has seen the U.S threaten sanctions against European products until the EU stops “harming U.S. interests.” According to Reuters, “The WTO said the EU had failed to remove support […]
WTO Rules in Favor of Boeing in Trade Spat with EU and Airbus Subsidies Read More »
AeroCentury Corp., an independent aircraft leasing company, has reported first quarter earnings of US$0.3 million, compared to US$6.02 million for the fourth quarter of 2017 and US$0.6 million for the first quarter of 2017. First quarter 2018 included US$1.1 million of other income resulting from cash received from the previous lessee of three aircraft that
AeroCentury reports first quarter 2018 earnings of US$317,300 Read More »
Turkish Airlines released that after a double-digit passenger increase in the first quarter of 2018, the number of passengers carried in April increased by 15%, reaching 6.4 million passengers. This is the highest April load factor in Turkish Airlines’ history with 83.2%. Total load factor improved by 4.1 points compared to April 2017, with an
Turkish Airlines posts April load factor of 83.2% Read More »
F. LIST GMBH (also known as F/LIST), an Austrian high-end business jet interior manufacturer, officially inaugurated the new 59,000-ft² production facility of F. LIST CANADA CORP. in the Greater Montréal area and announced plans to hire up to 100 specialists within the next two years. “Investing in Canada is very important to our company’s future
F/LIST officially inaugurates new production facility in Greater Montréal Read More »
SIAEC Group recorded a profit attributable to owners of the parent of SG$184.1m for the financial year ended 31 March 2018. Profit last year included a gain from the divestment of the Group’s 10% stake in Hong Kong Aero Engine Services (HAESL) to Rolls-Royce Overseas Holdings Limited (RROH) and Hong Kong Aircraft Engineering Company Limited
SIA Engineering Group posts profit of SG$184.1m for full-year 2017-18 Read More »
Harald Wilhelm, Chief Financial Officer (CFO) of Airbus, has decided to leave the Company in 2019 in agreement with the Board of Directors. Harald Wilhelm has served Airbus and its predecessor companies for 27 years in various finance roles and he has been CFO of Airbus Commercial Aircraft for the last 10 years and on
Airbus CFO Harald Wilhelm to leave in 2019 Read More »
Finnair is extending its cooperation with Widerøe and will add nine new destinations to its network in Norway. Widerøe (WF) is based in Norway and is Northern Europe’s largest regional carrier. Within the codeshare agreement, Finnair’s AY code will be added to several routes operated by Widerøe from Finnair’s current destinations in Norway – Oslo,
Finnair deepens cooperation with Widerøe Read More »
TurbineAero has signed a definitive agreement to buy the assets of Triumph Aviation Services Asia Auxiliary Power Unit (APU) Repair Product Line (RPL) from the Triumph Group. The RPL purchase is the result of the exercise of an option provided to TurbineAero and its lead investor, The Gores Group, in the agreement to buy Triumph
Boeing and Israeli company Assembrix signed a Memorandum of Agreement (MOA) that will enable Boeing to use Assembrix software to manage and protect intellectual property shared with vendors during design and manufacturing. “This agreement expands Boeing’s ties to Israeli industry while helping companies like Assembrix expand their business,” said David Ivry, president, Boeing Israel. “Boeing
Boeing, Assembrix to collaborate on secure 3D printing Read More »
