International Airlines Group (IAG) has firmed up eight Airbus A330-200 options for Iberia, valued at $1.5 billion at list prices, and taken options on a further 10 A330s for the group.

Airbus Group has struck a deal that will see the European giant participate in the development of a small supersonic transport aircraft.

Bombardier has relocated a second CSeries test aircraft to Wichita, Kansa, from Montreal to take advantage of better weather for flight testing as it works to recover from a 100-day grounding following an engine failure during ground tests.

Lufthansa will launch its new premium-economy class service on its Boeing 747-8I fleet Dec. 10, and on its Airbus A380 and A340-600 fleet in 2015.

Russian authorities have delayed the Bombardier-Rostekhnologii (Rostec) joint venture (JV) to set up a Q400 NextGen final assembly line (FAL) in Russia, due to political and negotiation problems.

Airbus is looking to further expand its support operations across Asia, following last week’s announcement of a new subsidiary to produce flight ops data in Thailand.

UK-based aerostructures and components company GKN Aerospace has agreed to a risk-and-revenue-sharing partnership (RRSP) with Pratt & Whitney on its PurePower PW1900 Geared Turbofan (GTF) engine.

UK budget carrier easyJet has firmed up purchase rights on 27 A320ceos, for delivery between 2015 and 2018, to tap into “disciplined growth” opportunities.