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May 12, 2021
Aerospace & DefenseAirbus revives plan for new single-aisle jet plant in Toulouse Tim Hepher 3 minute read The logo of Airbus is seen on a building in Toulouse, France, March 11, 2021. REUTERS/Stephane Mahe Airbus (AIR.PA) has revived plans for a new production line for its A321neo jet in Toulouse, France, as it reshapes production of the medium-haul single-aisle jets that it hopes will lead its factories out of the coronavirus crisis. The European planemaker said on Wednesday the new line, to ...
May 12, 2021
Dive Brief: Michigan general contractor Sorensen Gross announced this week that Christian Comair, chairman of Qatar-based GET Engineering & Contracting, has acquired a 50% interest in the company. GET, which has more than 7,000 employees and focuses on $1 billion-plus complex military and megaprojects, will be an equal partner with Sorensen moving forward. Rabih Zahnan will step into the role of president and COO, replacing Richard Sly, who has retired. The remainder of Sorensens leadership tea...
May 11, 2021
By Jon Hemmerdinger2021-05-11T15:08:00+01:00 Boeing’s aircraft orders outnumbered cancellations again in April, marking the third consecutive month of order expansion for the Chicago airframer. During April, Boeing logged orders for 25 jets and took cancellations for 17 aircraft, leaving the company with eight net new orders for the month, Boeing reports on 11 May. Source: Boeing A rendering of a Boeing 777 freighter in Silk Way West colours The 25 new orders include five 777 Freighters for...
May 10, 2021
How many destinations does Qatar Airways now serve in Africa? The number of destinations increased and the number of flights remains very flexible. Last year in September we had only 19 destinations in Africa; now with Abidjan we are up to 25. It is a bit of a mix, there is the resumption of routes; a kind of a perfect storm resumption of Egypt, for example, related to the end of the blockade which makes a big difference. The same for Khartoum in Sudan, those are restarts for us. But at the sam...
May 6, 2021
Blue Grass Airport will close for 3 days in August to resurface runway and last updated 2021-05-06 19:32:50-04 LEXINGTON, Ky. (LEX 18) â Itâs hard for anyone to think about a repaving project at Blue Grass Airport without thinking of Comair flight 5191. âWeâre super sensitive to that, knowing that this is the 15-year anniversary,â said Amy Caudill the airportâs Communications Manager. Flight 5191 crashed during takeoff in 2006, clipping a nearby fence, after the pi...
May 5, 2021
BusinessU.S. trade chief encouraged by European signals over aircraft subsidies Reuters 2 minute read Britains International Trade Secretary Liz Truss arrives at Downing Street in London, Britain February 11, 2020. REUTERS/Hannah McKay U.S. Trade Representative Katherine Tai said on Wednesday she was encouraged by her conversations with European officials about ending a 16-year dispute over aircraft subsidies, and both sides were serious about reaching an agreement. Tai said Washingtons decisio...
May 5, 2021
Aerospace & DefenseGermany, France, Spain reach general agreement over fighter jet - source Reuters 1 minute read The logo of French aircraft manufacturer Dassault Aviation is seen on a hangar in Merignac near Bordeaux, France, October 8, 2019. REUTERS/Regis Duvignau Germany, France and Spain have reached a general agreement over the next steps in the development of a joint fighter jet, a German defence source said, with details to be hammered out by mid-May. Participants in the programme wil...
May 5, 2021
United StatesAnalysis: Biden poised to pivot U.S. arms deals toward security, human rights Mike Stone 6 minute read U.S. President Joe Biden addresses a joint session of Congress as U.S. Vice President Kamala Harris looks on at the U.S. Capitol in Washington, U.S., April 28, 2021. Jim Watson/Pool via REUTERS Ninety minutes before President Joe Biden took office on January 20th, the United States signed a $23 billion dollar deal to sell F-35 jets, drones and advanced missiles to the United Arab...
May 5, 2021
Earlier this year Comairs rescue practitioners obtained an order from a US court. (Supplied) Comairs business rescue practitioners are negotiating with Boeing to try to cancel a purchase agreement of 737 MAX planes. The deal was concluded in 2013 and the first delivery to Comair was made shortly before a worldwide grounding of these planes. Comair CEO Glenn Orsmond puts the negotiations and completion of the rescue process into perspective against the backdrop of the current...
May 4, 2021
Aerospace & DefenseNasdaq plunges more than 2% as investors dump growth stocks Shreyashi SanyalSruthi Shankar 4 minute read A street sign, Wall Street, is seen outside New York Stock Exchange (NYSE) in New York City, New York, U.S., January 3, 2019. REUTERS/Shannon Stapleton The Nasdaq fell more than 2% on Tuesday as steep declines in megacap growth stocks pushed Wall Street below record trading levels, with investors seeking shelter in more defensive parts of the market. Highly valued technolo...