Aerospace industry
The World Trade Organisation's (WTO) disputes procedure is facing one of its most significant challenges yet, as it prepares to mediate a row between the European Union (EU) and the US over billions of dollars in subsidies given to Airbus and Boeing. The EU claims that Boeing has
Aerospace industry
The World Trade Organisation (WTO) will now be asked to rule on whether Airbus' rise to the top of the civil aircraft industry was fair or foul, as the US and the European Union (EU) launched the biggest litigation in WTO history. The dispute centers on US allegations that
Aerospace industry
As competition in the space launch business intensified, Boeing and Lockheed Martin formed a joint venture, United Launch Alliance, aiming to combine their satellite launch operations and reduce costs. This move highlights the growing trend of strategic alliances in the corporate landscape. Joint ventures are becoming increasingly popular among chief
Airlines
Air India has ordered 50 jets from Boeing, including 27 787 Dreamliners, in a deal worth $6.9 billion. This is just one day after Boeing secured a contract with Air Canada to supply up to 96 jets. Meanwhile, Lockheed Martin has raised its 2005 sales outlook to $36.5-$
Airlines
In a significant boost to its commercial aircraft business, Boeing Company announced a $6 billion order from Air Canada, maker of the 787 Dreamliner, a fuel-efficient jet that is set to revolutionize the industry. The order, announced on Monday, includes 60 of Boeing's new 787 Dreamliners, as well
Aerospace industry
The introduction of high-speed, in-flight internet access is set to transform the way business travelers stay connected while on the move. BT Infonet, a leading provider of global communications services, and Connexion by Boeing, a business unit of The Boeing Company, have announced the general availability of the Connexion by
Aerospace industry
As the business world grappled with another high-profile scandal, Boeing announced the surprise resignation of its CEO, Harry Stonecipher, due to an affair with another Boeing employee. This move comes just over a year after Stonecipher's predecessor was ousted in a separate scandal involving ethics violations. Meanwhile, Sony
Aerospace industry
The formal launch of the Airbus A380 super-jumbo jet has set the stage for what could become the most serious trade dispute yet between the US and the European Union. The dispute centers around US criticism of millions of dollars in European subsidies to the Airbus project, which the European
Aerospace industry
Brown & Brown Inc. has expanded its presence in Georgia with the acquisition of two related companies, WMH Inc. and Huffman & Associates Inc., from William M. Huffman Jr. The company will maintain Huffman's current offices in Rome and Canton, Ga., as freestanding Brown operations. Meanwhile, Morgan Stanley
Aerospace industry
Rolls-Royce has announced a significant surge in new orders and maintenance agreements worth nearly £900 million. The company has secured contracts with Embraer, Continental Express, Swift Aviation Services, and Executive Jet Aviation, among others, for its AE 3007A1 series engines. These agreements are expected to play a crucial role in
Aerospace industry
Airbus Industrie has pulled ahead of Boeing in the race to announce aircraft sales, with a major order from the International Lease Finance Corporation (ILFC), worth approximately $6.6 billion. The deal includes five of Airbus's proposed superjumbos, the A3XX, which ILFC's CEO Steve Hazy has
Aerospace industry
Authorities launched a search operation for the downed Boeing 767-300ER aircraft, with 217 people on board, after it vanished from radar screens about an hour into its flight from New York to Cairo. The extensive search, with six ships and seven planes on the scene, found bodies and floating debris
