In a statement, the U.S. Federal Aviation Administration (FAA) stated, it has agreed to pay $90,000 to an aviation safety inspector who raised concerns about unqualified flight safety inspectors. The U.S. Office of Special Counsel (OSC) which reviews whistleblower allegations… Read More ›
On Wednesday, big air cargo carriers stated, they dont have any immediate plans to add flights to China to replace the capacity lost midst steep cuts to passenger travel due to the coronavirus, with many factories choosing to remain closed… Read More ›
One of the strategies adopted by Boeing to mitigate aspects from its high-profile scrutiny, is reshuffling of executives in its commercial airplanes business, as it increases its focus on responding to the snow-balling situation. With U.S. lawmakers calling on Boeing… Read More ›
Le Maire made it very clear that if Britain goes the no-deal route, it will not ease the process by offering deals on logitics and aviation. Supply chains could be significantly affected in case of a cliff-hanger Brexit. French Finance… Read More ›
The private equity firm is close to acquiring StandardAero for more than $5 billion; once the deal is finalized an announcement is likely to be made as early as later this week. As per sources familiar with the matter at… Read More ›
The leadership challenge faced by British Prime Minister Theresa May will have serious consequences for Brexit, including its extension or cancellation. Alexandre de Juniac, the head of the International Air Transport Association (IATA) has stated, the leadership challenge to British… Read More ›
Following the untimely death of its co-founder Wang Jian, shares held by him of the debt-laden aviation-to-financial services conglomerate will be transferred to either a China-based charity or a New York-based foundation, which together hold a controlling stake in the… Read More ›
The part sale of GE’s lighting business, which can be traced back to Thomas Edison who co-founded the company more than a century ago, is just the first of many steps to shred-off its non-core assets and focus on just… Read More ›
This contract is linked to a previous contract in which Lockheed was to build and delivery F-35A fighter jets to South Korea. The Pentagon has reported that Lockheed Martin Corp has been awarded a contract worth $450 million, which is… Read More ›
Negating what was reported earlier, which based itself from quotes from Iran’s news agency, Airbus will lease 7 aircrafts to Iran’s flagship carrier. As per two sources from the aviation industry, Teheran’s Aseman Airlines has agreed to lease seven Airbus… Read More ›
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