Melrose has declared a “final” offer of £8.1 billion for UK engineering giant GKN as a culmination of its efforts to acquire the company which started back in January. GKN has strongly urged its shareholders to reject the offer from Melrose, with the backing of Unite, Britain’s largest trade union. Melrose is seen by its
The pilot of a Eurocopter AS350 has survived a fatal crash into New York’s East River which claimed the lives of all five passengers on board. The accident happened at around 7 p.m. Sunday, local time. The aircraft was owned by Jersey-based Liberty Helicopters and was one of three that had been hired to take
United Airlines has had to backtrack rapidly as a proposed new lottery bonus scheme was met with universal disapproval by the airline’s staff. Instead of paying each member of staff a US$375 quarterly bonus based on meeting on-time departures, on-time arrivals and other performance-related targets, the company had proposed a lottery-style bonus system for eligible
With Airbus still in discussions with Bombardier and the Canadian Government over its intended acquisition of a 50.01% stake in the ailing C Series project, the French plane maker has announced its intention to squeeze supplier prices for future C Series planes. The intention is to try and make the cost of manufacture of the
As a result of continued poor interest in both the Airbus A380 commercial passenger jet and the A400M turboprop military aircraft, Airbus is being faced with making substantial reductions in the workforces associated with these two aircraft. According to a Company press release: Airbus has a policy of first addressing workforce issues with its social
Air Asia is to sell its plane leasing operations to firms managed by BBAM Ltd. and which will see the sale of an impressive 182 Airbus jets. The initial part of the deal with one of the world’s largest aircraft portfolio managers is valued at US$1.2 billion and will assist AirAsia, the region’s largest budget
American Airline has refused to sign a new lease for an expanded O’Hare International Airport in Chicago, indicating that fellow tenant United Airlines is being given preferential treatment through the “secret” provision for extra gates. These claims have been vehemently denied by United, who have stated that the agreement for the gates was made more
Dassault Aviation, the French aerospace company, has announced the launch of the new Falcon 6X luxury business jet, while also announcing that it has scrapped its Falcon 5X model, according to Reuters. The Falcon 6X will have the same fuselage cross-section as the Falcon 5X but will instead be powered by two Pratt & Whitney
According to Reuters, the White House has confirmed that an agreement has been reached with Boeing for two new 747-8 jets to replace the current Air Force One planes, two Boeing VC-25As which began operations back in 1990. According to Deputy Press Secretary Hogan Gidley, “President Trump has reached an informal deal with Boeing on
Airbus, Delta, OneWeb, Sprint, and Bharti Airtel (Airtel) have combined resources to create the Seamless Air Alliance (SAA), which is intended to kick-start a new era of innovation for airlines on a global basis. Using satellite technology, mobile operators who are members of the alliance will be able to extend their services to airline cabins,
