Rolls-Royce has taken full control of composites manufacturing joint venture Composite Technology and Applications (CTAL), acquiring GKN’s 49% stake for £8 million ($13.3 million).

Finnair has made further progress with its fleet renewal financing, firming up a memorandum of understanding (MOU) with GECAS for the sale and leaseback of two Airbus A330s.

Atlas Air and Qantas Freight, the cargo unit of Australia’s Qantas Airways, have extended their aircraft, crew, maintenance and insurance (ACMI) contract.

Airbus is raising the production rate of its narrowbody line.

Embraer has posted 2013 net profits of $346 million, down 0.8% from a net income of $348.6 million reported for 2012.

Rolls-Royce has released details of two new engine development programs, Advance and UltraFan, slated for entry into service from 2020 and 2025, respectively.

The chances of ATR getting approval from both of its shareholders quickly for a new large turboprop are looking remote, judging from comments made by Airbus Group chief strategy officer Marwan Lahoud at the company’s annual press conference in Toulouse.

The A350 XWB flight test aircraft, MSN2 and MSN4, have both completed their first flights, bringing the total number of A350 XWBs now flying from two to four.