The blocking stake of Russian Helicopters may be privatized in 2016, the Minister of Industry and Trade Denis Manturov said on Friday, adding that foreign investors may participate in privatization. "As far as Russian Helicopters are concerned we’re always searching for strategic, portfolio investors so it’s not ruled out that the blocking stake will be sold by (State Corporati...
Indonesia has agreed to purchase 10 Russian Sukhoi Su-35S multirole fighter jets, according to Indonesian media reports. Indonesia’s Minister of Defense, General Ryamizard Ryacudu, will visit Moscow in March to sign the final agreement. Already in September 2015, Gen. Ryamizard announced that a decision to purchase Russian jets had been made. “A decision was mad...
Aeroflot (SU, Moscow Sheremetyevo) is among several state-owned entities the Russian government is currently considering as part of its accelerated privatization plans for the year. Russian President Vladimir Putin last week convened a meeting with Prime Minister Dimitri Medvedev and other state bureaucrats to begin finalizing a list of firms and shareholdings that could be sold off. The Kremli...
Airbus’s U.S. Manufacturing Facility in Mobile, Alabama, opened last September, could augur well for increased production in Southeast Asia. A320-family airliners are already assembled in Tianjin, China. The U.S. facility rounds out the manufacturer’s production strategy for its high-selling A320 family of aircraft:“building close to its custome...
The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive. Boeing Co. (NYSE: BA) presently has a stellar rank, in the top 10% of the coverage universe, which suggests it is am...
Qatar Airways has announced it will be showcasing three state-of-the-art aircraft from its fast-growing fleet at the upcoming Singapore Airshow from 16-18 February 2016. The three-time Skytrax Airline of the Year winner will be showcasing the A350, for which it was the global launch customer, and its superjumbo A380. Also appearing in Asia is Qatar Executive's newly acquired Gulfstream G650...
Gold Coast Airport has received the green light to begin construction on new aircraft stands and aerobridges as well as a terminal upgrade. The federal government on Friday gave its approval for the airport to start work on the airport redevelopment, which is expected to be completed by the end of 2017 and will cater for the forecast increase in visitors to the Gold Coast in 2018, when the city...
Alliance Airlines has signed a new five-year contract with Santos covering the oil and gas company’s operations in South Australia. As part of the new deal, Alliance will start jet services from Adelaide to Santos’ oil and gas operations in the Cooper Basin. “The initial requirement is for Alliance to operate between 10 and 16 services per week in its own right and to...
A note identifying armed passengers on a flight from Chicago to Phoenix was mistakenly given to a customer. William Stratton was seated and ready for the Frontier Airlines jet's take-off on Sunday when a steward approached him, Fox 10 reported. “We were about to pull away from the gate, and the flight attendant said 'sir, here is the rest of your boarding pass, and handed me a...
A Russian Boeing 777-200, en route from the Dominican Republic's Punta Cana to Moscow, returned to the departure airport due to an engine failure. A passenger of the flight, Ekaterina Sokolova, described the details of the emergency landing, NTV reports. According to the passenger, one of the engines of the airplane exploded shortly after takeoff. The people on board started panicking,...
"Our pilots are a very important part of our safety network, they are not a threat to safety - they are guaranteeing safety in aviation." That is the forthright response from Lufthansa Group's chief executive, Carsten Spohr, when asked about the company's reaction to the loss of Germanwings flight 9525, a year ago. Last March the aircraft crashed into a mountainside in sout...
The US Securities and Exchange Commission is reportedly investigating Boeing Commercial Airplanes' accounting practices with respect to the company's 787 Dreamliner and 747 jumbo jet programs. According to Bloomberg's Robert Schmidt, Julie Johnsson, and Matt Robinson, people with knowledge of the matter said the SEC was looking into Boeing's projections for the long-term profita...
Air Force pilots of the 1980s-era stealthy B-2 Spirit bomber plan to upgrade and fly the aircraft on attack missions against enemy air defenses well into the 2050s, service officials said. “It is a dream to fly. It is so smooth,” Maj. Kent Mickelson, director of operations for 394th combat training squadron, told Scout Warrior in an interview. In a special interview design...
The number of people passing through Edinburgh Airport increased last month, with a "massive" jump in the number of international passengers. Latest figures showed 700,142 people used the airport in January, up 11.4% on the same month last year. The 342,540 international passengers recorded was a 21.7% annual increase, the greatest monthly rise since January 2008. Meanwhile, Gla...
Thales is nearing the end of the proof-of-concept phase for its TopMax head-worn aircraft display and hopes to launch product development later this year. Thus far, a prototype display has logged about 40 hours of flight-testing aboard turboprop aircraft, as well as 10 hours in a simulator. The trials have shown that the right eye can be used, regardless of the pilot's dominant eye, said Thale...
After a relatively disappointing 2015, all eyes are on the first month of 2016 to see if the drop off in European and US flight activity continues. Argus: US Flights up 3.0% between January 2015 and January 2016, but down -1.5% when compared to December 2015. WINGX: European flights down -4.5% from January 2015. WINGX – Substantial drop in activity, especially in leading Western...
Philippe Couteaux has joined Aircelle in the roles as Vice President for Strategy, and Vice President of the company’s Customer Support and Services operation. Couteaux will direct Aircelle’s processes and innovation to expand and strengthen the company’s position in its core markets as Aircelle develops additional nacelle systems and ramps up their production. In relation...
A congressional soldier fighting a war against shrinking airline seats lost a battle in the U.S. House Thursday. In a 26-33 vote, a House committee defeated legislation that would have mandated size standards for airline passenger seats. "I am disappointed," Rep. Steve Cohen, D-Tennessee, said in a statement. "This was a vote against the safety and health of airline passengers.&q...
The third Boeing 787-900 Dreamliner took off for Jeddah, Saudi Arabia, today to join the fleet of Saudia, the national carrier of Saudi Arabia. This is the fourth new aircraft delivered by Boeing to Saudia within two weeks, with the Dreamliner being the third of a total of eight ordered by the airline as part of its fleet expansion and modernization program. Saudia expects to get 29 new aircraf...
ST Aerospace’s VIP completions brand ‘AERIA Luxury Interiors’ (AERIA) redelivered its first green BBJ (Boeing Business Jet) VIP completion for an undisclosed customer at the end of December, 2015. The San Antonio based affiliate company accepted the green BBJ in late 2014 directly from Boeing. The BBJ VIP interior features...
It’s “full speed ahead” for Airbus’ A350 XWB with final assembly start-up for the new-generation jetliner family’s longest-fuselage member, the A350-1000 – which was kicked off this week, as per planning, in parallel with the baseline A350-900 version’s continued production ramp-up to meet market demand. The no. 1 A350-1000 is one of three test ai...
