Aviation News Stories
Spain Agrees EUR3.7 Bln Aid To Aviation Sector
November 7, 2009
The Spanish government has approved EUR3.7 billion euros (USD$5.5 billion) of aid for the country's aeronautical industry for the period 2010-2014, the Industry Ministry said in a statement on Friday.
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Embraer To Produce Large Jet In China - Report
November 7, 2009
Brazilian aircraft maker Embraer will produce its 120-seat E-190 jet in China to respond faster when the country's aviation market recovers, O Estado de S. Paulo said on Friday.
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Airbus Flies Freighter It Hopes To Build In US
November 5, 2009
Airbus carried out the maiden flight on Thursday of a new freight plane that could mark its entry into aircraft assembly in the United States, if it wins an epic contest with Boeing over aerial tankers.
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Costs, Delays Scupper Airbus A400M Sale To S.Africa
November 5, 2009
South Africa cancelled a USD$5.2 billion contract to buy eight Airbus A400M military transport aircraft due to rising costs and delivery delays, cabinet spokesman Themba Maseko said on Thursday.
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Spirit AeroSystems Posts Higher Profit
November 5, 2009
Spirit AeroSystems Holdings said on Thursday that quarterly results improved from a year earlier, when a strike at key customer Boeing hurt shipments of its aircraft parts.
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Rolls-Royce Sees Sales Growth, Markets Still Tough
November 4, 2009
British engine-maker Rolls-Royce said there were no signs of a sustained recovery in its aviation markets and profit is likely to be flat this year, despite an expected rise in sales.
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Airbus To Fly New A300-200F Freighter
November 4, 2009
Airbus is preparing the maiden test flight of a new model of freighter, the A300-200F, but doubts have emerged over the identity of its first operator as global trade remains in the grip of recession.
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RTI Posts Wider-Than-Expected Q3 Loss
November 4, 2009
Aerospace titanium products maker RTI International Metals posted a wider-than-expected third-quarter loss, hurt by a drop in shipments and lower prices, and said it does not see a pick-up in demand until the end of 2010.
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Aero Inventory Says Inventory Probe Widens
November 4, 2009
Aero Inventory, an aviation inventory management software designer, said its inventory value issue was broader than previously thought and its board was reviewing the positions of its senior executives, including the chief executive and finance director.
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ST Engineering Q3 Net Profit Down 7 Percent
November 3, 2009
Singapore Technologies Engineering, the world's largest aircraft repair firm, reported a 7 percent drop in third quarter net profit, partly due to the absence of a tax write-back that boosted profit a year earlier.
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Rockwell Collins Net Falls 26 Percent
November 3, 2009
Avionics supplier Rockwell Collins posted lower-than-expected results on Tuesday as weak commercial aerospace sales offset strength in government demand.
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Rolls-Royce Sees Higher 2009 Sales
November 3, 2009
British engine-maker Rolls-Royce expects to deliver sales growth in 2009 but said the global aviation market remains depressed.
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Ryanair Warns On Growth In Price Battle With Boeing
November 2, 2009
Irish budget airline Ryanair sent a fresh warning to Boeing over a large order, saying it could curb its once unstoppable growth as limits emerge in its quest for cutting costs.
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Air NZ To Replace Boeings With Airbus A320s
November 2, 2009
Air New Zealand will buy 14 new Airbus A320s at a cost of around USD$1 billion to replace its domestic fleet of Boeing 737-300s, the national carrier said on Tuesday.
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Cargo Plane Crashes In Eastern Russia, 11 Dead
November 1, 2009
A cargo aircraft crashed soon after taking off from the eastern Russian city of Mirny in Yakutia region, killing all 11 people on board, Russian prosecutors said on Sunday.
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