Aviation News

Airbus To Double A350 Output In 2016

July 31, 2015

Airbus To Double A350 Output In 2016

Airbus said it is on track to deliver 15 A350s this year and aims to more than double that in 2016 as it focuses on the ramp-up for its newest passenger jet.


Airbus Posts Profit Rise, Takes A400M Charge

July 31, 2015

Airbus Posts Profit Rise, Takes A400M Charge

Airbus Group surprised investors with a strong second-quarter rise in earnings, as airliner deliveries outshone more bad news for the A400M military transporter.


Avolon Considers USD$2.5 Billion Takeover Offer

July 31, 2015

Avolon Considers USD$2.5 Billion Takeover Offer

Irish aircraft leasing firm Avolon is considering an unsolicited takeover bid of USD$31 per share from China's Bohai Leasing, which would value the firm at over USD$2.5 billion.


Embraer Delays Cargo Jet As Profit Drops

July 30, 2015

Embraer Delays Cargo Jet As Profit Drops

Embraer said it will delay development of a military cargo jet as it reported a quarterly net profit of USD$129 million.


Rolls-Royce's Half-Year Profit Slumps

July 30, 2015

Rolls-Royce's Half-Year Profit Slumps

Rolls-Royce reported a 32 percent drop in half-year profits, due to a higher research and development charge and a change in the mix of commercial aircraft engines it produces.



Safran H1 Profit Up On Strong Aftermarket

July 30, 2015

Safran H1 Profit Up On Strong Aftermarket

Safran on Thursday reported a 22.5 percent rise in first-half operating income, buoyed by civil jet engine overhauls.


Boeing May Move Work Abroad Over Ex-Im Lapse

July 29, 2015

Boeing May Move Work Abroad Over Ex-Im Lapse

Boeing chairman Jim McNerney said the aircraft maker is actively looking at moving "key pieces" of its operations to other countries given uncertainty about the future of the Export-Import Bank, whose charter expired on June 30.


Boeing Union Calls Job Threat 'Unacceptable'

July 29, 2015

Boeing Union Calls Job Threat 'Unacceptable'

The president of Boeing's largest union called "unacceptable" a threat by Boeing chairman Jim McNerney to move jobs due to the uncertain future of the US Export-Import Bank.


Rolls Wins USD$580 Mln Service Deal With Vietnam Air

July 29, 2015

Rolls Wins USD$580 Mln Service Deal With Vietnam Air

Rolls-Royce has won a USD$580 million contract with Vietnam Airlines to provide servicing and maintenance to its Trent XWB engines which will power 14 Airbus A350s.


Spirit AeroSystems Profit Up On Lower Costs

July 29, 2015

Spirit AeroSystems Profit Up On Lower Costs

Aircraft parts maker Spirit AeroSystems reported a higher quarterly profit as costs fell and said it would buy back up to USD$350 million of stock.