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Trent 1000 fixes and testing details released by Rolls-Royce

Rolls-Royce has been keen to find a permanent fix to problems which have beset the Trent 1000 engine and which, according to half-year results issued on August 2, have cost the company US$728 million, contributing to an overall pretax loss of US$1.7 billion. The Trent 1000 engine has been the engine of choice of the

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Ryanair’s chairman under threat as annual shareholders’ meeting looms

There is a considerable amount of discontent among a number of shareholders in Irish low-cost carrier Ryanair ahead of next Thursday’s annual shareholders’ meeting. In particular, there is concern over how the company is being run, with Royal London Asset Management, RLAM, The Local Authority Pension Fund, plus shareholder advisory firms Glass Lewis and ISS

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ST Engineering subsidiary to acquire 100% stake in MRA Systems nacelle manufacturer

Singapore Technologies Engineering (ST Engineering), has announced that its Group’s U.S. subsidiary Vision Technologies Aerospace Incorporated (VT Aerospace) has entered into a conditional share purchase agreement to acquire a 100% ownership in MRA Systems, (MRAS) from General Electric Company. The purchase is based on a 100% aggregate purchase consideration of US$630 million which will be

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Norwegian tops fuel efficiency ranking for transatlantic carriers

The release of a third white paper since 2014 by the International Council on Clean Transportation (ICCT) has revealed that for a second time, Norwegian has topped the rankings for the most fuel-efficient carrier on transatlantic routes based on passenger kilometers per liter (pax-km/l). Not only did Norwegian head the ranking, but it beat 19

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