Airbus Group has been spared a 1 billion euro ($1.15 billion) tax bill thanks to a deal with the French government over the company's plans to set up a new space launcher venture, a person familiar with the discussions said. The company was facing the hefty tax charge over plans to combine space launch activities with engine maker Safran, under which Airbus would be paid 800 million e...
Despite resigning amid a federal corruption probe, the former chief executive of United Airlines is receiving nearly $37 million in compensation, including a car, free flights and lifetime parking privileges at two major airports. The payout benefits to former United Continental Holdings Inc. CEO Jeff Smisek were described in a filing by the airline to the Security and Exchange Commission last...
The business jet market, a cash cow for Bombardier Inc. that financed much of the early development costs of its C Series plane, is recovering from the steep dive it took during the recession but has a long way to go before returning to the heady days of the mid-2000s. Bombardier remains the biggest player by number of planes sold, but could be overtaken by Gulfstream this year after deliberate...
Rockwell Collins recently approved Duncan Aviation as an authorized service provider for repair, service and modification of its TDR-94 and TDR-94D transponders. The Rockwell Collins TDR-94D transponder is a solid-state, crystal-controlled receiver/transmitter specifically designed for TCAS-II-equipped business aircraft. The units can be upgraded and when professionally installed and certified wil...
Cessna Aircraft Company, a subsidiary ofTextron Aviation Inc., a Textron Inc. (NYSE:TXT) company, recently celebrated the 25th anniversary of the maiden flight of the Model 525 CitationJet prototype, the aircraft that would become the foundation of the light jet segment. The maiden flight took place on April 29, 1991 with deliveries starting two years later. Innovation in the 525 line has be...
Safran is celebrating the takeoff of the Ardiden 3G engine aboard civil Russian Helicopters Ka-62. The maiden hovering took place on 28 April 2016 at manufacturer plant in Arsenyev. “This takeoff marks a major milestone in the Ardiden 3 development program. It is already demonstrating great maturity. We are delighted with the fast-paced progress of our strong partnership with Russian Heli...
American dropped Zodiac as their seat supplier and went looking for a new business class seat. American’s new Boeing 777-300ERs got an off the shelf business class seat from Zodiac Aerospace. It’s basically the US Airways seat, later adopted by airlines like Cathay Pacific and EVA Air. It’s a fantastic seat. For their Boeing 777-200s being retrofit, and their new Boeing 787...
The Latvian airline airBaltic has become the largest airline in Estonia. In April, airBaltic achieved +64% growth, and serviced 28 474 passengers travelling to and from Estonia. Martin Gauss, Chief Executive Officer of airBaltic: “For the first time in history, airBaltic is the No 1 airline in Estonia. We sincerely thank our Estonian customers for choosing airBaltic as their home car...
Magellan Aerospace (“Magellan”) announced a contract extension between Magellan Aerospace (UK) Limited (“Magellan UK”) and Airbus for the supply of aluminium and titanium structural wing components from Magellan UK’s facilities located throughout Europe and its joint ventures in India. This contract, valued at approximately CDN $700 million, is comp...
Adelaide has welcomed Australia’s first scheduled Airbus A350-900 passenger flight, with Qatar Airways QR914 touching down in the City of Churches a few minutes before 1600 local time on Tuesday. The inaugural service, operated by A7-ALH, covered the 6,109nm journey between Doha and Adelaide in a little under 13 hours and landed about an hour ahead of schedule. The aircraft was due to...
Following EASA certification, the first set of Tamarack Active Winglets were installed on a Cessna 525 in Europe. The installation occurred in Zurich Switzerland on April 29th, 2016. The first ever customer installation of Tamarack Aerospace's ATLAS™ Active Winglet system concluded on April 29th, 2016, on a Cessna Citation CJ aircraft operated by private hire company JetPingu. Th...
Bell Helicopter, a Textron Inc. company, announced today it has signed a letter of intent (LOI) with Fairway Holdings for a Bell 505 Jet Ranger X. This is the first Bell 505 signed for in Sri Lanka. The aircraft will be used for private travel and tourism across multiple destinations around the island. The agreement was signed with Fairway Holdings in Sri Lanka: Bell Helicopter leader...
