Publicly traded shares of aerospace and defense companies around most of the Western world ended 2019 about 34% above where they began a year ago, and 6% better off than major stock market indices, Wall Street analysts said in year-end reports.
Early in 2019, Airbus’ salespeople had to accept a harsh reality—that the market for new A380s was too slow for production to be sustained beyond 2021.
In a first sign of fast-increasing levels of tension in the Gulf region affecting airline operations, Bahraini flag carrier Gulf Air announced Jan. 3 that it was suspending all services to the Iraqi capital of Baghdad and Najaf.
French company Eiffage has completed a deal to acquire the 49.99% stake in Aéroport Toulouse-Blagnac (ATB) previously held by China Airport Synergy Investment Ltd. (CASIL).
Planned changes to EEASA instructions for continued airworthiness (ICA) and parts-marking rules take into account industry feedback on a draft proposal but stop short of satisfying maintenance providers that believe their access to key repair data remains too limited.
Turkish Airlines and Boeing have reached a compensation agreement for losses caused by the 737 MAX grounding, according to an airline statement to the Borsa Istanbul stock exchange on Dec. 31, 2019.
The proposed joint venture (JV) between Delta Air Lines and Calgary-based WestJet has led to sharp disagreement between the two partners and a host of their North American rivals regarding the fate of WestJet’s eight slot pairs at New York’s LaGuardia Airport (LGA).
