Aircraft industry
On a chaotic night, hundreds of passengers were given a second chance to live when their Air France Airbus A340 crashed on landing at Toronto's Pearson International Airport. The incident occurred as the pilots struggled to navigate through a fierce storm, with the aircraft ultimately skidding off the
Aircraft industry
A remarkable series of events unfolded in Toronto this afternoon when an Air France jet carrying over 300 people skidded off a runway and caught fire, miraculously resulting in no fatalities. The Airbus A340, Flight 358, was coming from Paris and landed on runway 24 left at Pearson International Airport,
Aircraft industry
Air-India, a major Indian carrier, is facing a significant decline in cargo capacity due to the retirement of its wide-body aircraft from key routes. The airline has decided to rent out cargo space from a Dubai-based Express Cargo Airline to meet the urgent demand from exporters, particularly those shipping perishables.
Aircraft industry
Integrated Research has announced that its PROGNOSIS IP Telephony Manager will be used by Airbus Industries to monitor and manage 40,000 new VoIP phones as part of a five-year contract awarded to France Telecom and its UK subsidiary Equant. This significant win for PROGNOSIS in the aviation industry represents
Aircraft industry
The World Trade Organisation (WTO) has agreed to launch a formal investigation into the long-running trade dispute between the US and Europe over subsidies to Airbus and Boeing. The dispute, which has been ongoing for over three decades, involves billions of dollars in state subsidies provided to the two aircraft
Aircraft industry
The World Trade Organization has set up panels to investigate allegedly illegal subsidies paid by the European Union and the United States to airplane makers Airbus SAS and Boeing Co. The dispute, which could become the costliest and highest-profile case in the WTO's 10-year history, may lead to
Aircraft industry
The US government is expressing concerns about China's growing influence in the global economy, particularly in the oil and energy sectors. China National Offshore Oil Corp. (CNOOC) is bidding to acquire California-based Unocal, a move that could provide Beijing with a significant foothold in the US energy market.
Aircraft industry
The appointment of James McNerney as the new CEO of Boeing has sparked fresh optimism in the aerospace industry, with shares soaring by 7% to close at $66.15 in New York after his confirmation. McNerney, a 55-year-old veteran of 3M and General Electric, has pledged his support to the
Aircraft industry
Airbus's parent corporation, European Aeronautic, Defence and Space Company (EADS), has selected Mobile, Alabama, as the site for an engineering and manufacturing plant to build refueling tankers for the US Air Force. This decision comes after the Pentagon reopened the bidding process following the cancellation of a contract
Aircraft industry
The United States and the European Union have resumed talks in an attempt to resolve their long-standing dispute over government subsidies given to airplane manufacturers Airbus and Boeing Co. The negotiations come after a failed three-month negotiating period and warnings by the US government that it would resume its case
Airbus S.A.S.
The Paris Air Show saw the Airbus A380 make its debut, a massive aircraft with a price tag supported by a staggering €3 billion in government loans. The aviation industry is accustomed to government support, especially for military aircraft, but the EU-US treaty of 1992 has set off a dispute
Airbus S.A.S.
Airbus, the European aircraft maker, has secured its first major commitment to buy the A350 with an order announced at the Paris Air Show from Qatar Airways for 60 aircraft valued at $10.6 billion before discounts. This significant order is a crucial step for Airbus in developing the A350
