The sale is expected to close in the third quarter. The acquisition will add Precision Castparts’ capabilities in the aircraft sector, the company said.
Aviation Daily debuts a new design today, making the news and data industry executives need easier to read across all devices. Our mission remains the same as it did when we launched in 1939: To provide business intelligence crucial to decision-makers in the scheduled airline, airport, manufacturing, supplier and financial industries. We are eager to hear what you think. Please send feedback to [email protected].
To list an event, send information in calendar format to Donna Thomas at [email protected]. (Bold type indicates new calendar listing.) Aug. 11-13—12th Annual Latin American Business Aviation Conference and Exhibition (LABACE), http://10times.com/labace-saopaulo Aug. 22-23—Shoreham Airshow, Brighton City (Shoreham) Airport, West Sussex, www.shorehamairshow.co.uk/
For a complete list of Aviation Week’s upcoming events, and to register, visit www.awin.aviationweek.com/events Oct. 13-15—MRO Europe, ExCel London Exhibition and Convention Center, London, U.K. Nov. 4-6—MRO Asia, SingEx Exhibition and Convention Center, Singapore. Feb. 3-4, 2016—MRO Middle East, Dubai World Trade Centre, Dubai, UAE. Mar. 3, 2016—Laureate Awards, The National Building Museum, Washington, D.C.
United Airlines is reverting to a pre-merger United policy that will permit all pilots to taxi before they receive final weights, the carrier said in a memo dated July 31.
Bulgaria and Romania have taken all necessary initiatives per the mandates of the Single European Sky (SES) legislation to make their common airspace more efficient and establish a Functional Airspace Block (FAB), prompting the European Commission (EC) to close the infringement procedures against the two countries.
The ownership of British regional airlines, bmi Regional and Loganair is to be consolidated under newly established company Airline Investments Limited (AIL).
SkyWest, Inc. will continue to shrink the fleets of its two regional carriers in an attempt to improve profitability, executives said during a call with investors last week.
Mitsubishi Heavy Industries (MHI) has begun final assembly of the last of seven airframes that will be used in the main certification program for the Mitsubishi Aircraft MRJ regional jet.
Resuming stalled talks with Hong Kong is among the Australian government’s main international aviation goals, as it negotiates new or revised bilateral air service agreements with several countries.
Australia’s airports are among the largest beneficiaries of the rapid growth in Chinese international travelers, and industry officials expect this market to become even more important in the near future.
During his 10 years as Boeing’s CEO, Jim McNerney was resolute that the company would not offshore major operations. When I asked him two months ago about the possibility of assembling Boeing airliners in China, where rival Airbus already has a plant, he was almost dismissive. “You know, my thinking really hasn’t changed,” he replied.
Virgin America’s first class yields between its major West Coast cities and New York John F. Kennedy Airport (JFK) have decreased 30-40% since JetBlue Airways introduced its Mint product, David Cush, Virgin America CEO, said.
AirAsia has raised the stakes in its dispute with the operator of Kuala Lumpur International Airport (KLIA), demanding compensation over the condition of the apron around the terminal used by the carrier.
International Airlines Group (IAG) has made clear that it is against the construction of a third runway at British Airways’ main hub in London-Heathrow because of the high cost.
Mainland Chinese airlines’ international traffic growth is galloping ahead of their domestic business this year, with Asian regional destinations—notably tourist markets in Japan—leading the way.
Qatar Airways has rejected claims by the big three U.S. intercontinental airlines about alleged subsidies and says the U.S. government should withstand any interference with the current Qatar open skies agreement.
Mainland Chinese airlines’ international traffic growth is galloping ahead of their domestic business this year, with Asian regional destinations leading.
Airbus plans to make a decision about a further ramp-up of A320neo production, likely before the end of the year, according to Airbus Group CEO Tom Enders.
Xiamen Airlines is eager to buy up to six Boeing 787-9s to add to the six 787-8s it has begun using to open long, thin routes to its home province, Chairman Che Shanglun says.
Bombardier earned second-quarter net income of $125 million, down 19.4% from a net profit of $155 million in the prior-year period, on a 5.5% year-over-year drop in revenue to $4.62 billion. The Canadian manufacturer said in a statement that CSeries flight testing “is progressing rapidly with over 2,000 hours completed and performance is exceeding targets. The aircraft is on track to enter into service in the first half of 2016” with Swiss International Air Lines.
