Boeing has confirmed that once it takes an 80% stake in Brazil’s Embraer SA’s commercial jet division, the name Embraer is to be dropped completely and the company will be called Boeing Brasil – Commercial. This will see one of Brazil’s most iconic company names disappear from commercial jet manufacturing, despite Embraer retaining a 20%
Air New Zealand has decided to invest in new fuel-efficient aircraft with the purchase of eight Boeing 787-10 Dreamliner aircraft powered by GE Aviation’s GEnx-1B engines. At today’s list prices, the agreement represents a value of US $2.7 billion. As is usual with such orders, Air New Zealand has negotiated a significant discount on current list prices
Following Brazil’s lower chamber approval, the Senate has passed legislation which will allow foreign-controlled airlines to operate domestic flights within the country, which is Latin America’s largest sir-travel market. However, as Congress has added a codicil whereby airlines are now banned from charging passengers for their first checked bag, this now means that President Jair
According to Chinese state media reports, Air China, China Eastern and China Southern, the country’s largest three airlines, have all submitted formal requests to Boeing for compensation as a consequence of the grounding of all 737 MAX jets worldwide. Following the second of two fatal crashes involving the MAX jet which had displayed similar problems
Intended to generate growth for European business, foster innovation and enable passengers to profit from safer, cleaner and cheaper flights, in a follow-up to the April 9 EU-China summit the European Commission signed an agreement on civil aviation safety and also a horizontal aviation agreement aimed at strengthening aviation cooperation on Monday May 20. The
The worlds of Formula 1 and commercial airlines are today mourning the sad passing of Niki Lauda. His family announced today (Tuesday) that he had “passed away peacefully” on Monday, May 20. He was 70. Lauda was FI World Champion three time, in 1975 and 1977 while driving for Ferrari, and again in 1984 while
Ryanair has reported its lowest annual profit for four years, warning that earnings could fall further during what CEO Michael O’Leary describes as “attritional fare wars”. Shares closed at €10.30, a drop of 4.6%, having rallied slightly from a 6% drop after reassurance from O’Leary that a couple of years of lower fares and profitability
Having been in administration since last year, Italian aircraft maker Piaggio Aerospace will not be broken up as a buyer is sought, according to a statement from Italian government Deputy Prime Minister Luigi Di Maio. The hope is that a buyer will be found for the whole, or one of its two divisions – engines
Munich, Germany-based Lilium has unveiled its latest all-electric jet-powered five-seat taxi which has the capability and range to enable it to fly up to 300km in just 60 minutes with zero emissions. The Lilium Jet has been developed as part of a revolutionary on-demand air taxi service. The prototype was shown off for the first
A combination of the delivery of fewer planes and a surge in spending ahead of the deal which will see Boeing take an 80 per cent stake in the commercial jets arm of the Brazilian planemaker has resulted in Embraer posting a US$42.5 million loss for the first quarter, 2019. Revenue fell 26 percent to
