Aircraft industry
Staff at BAE Systems sites in Warton and Samlesbury were celebrating this week after the successful joining of the Joint Strike Fighter (JSF) fuselage, marking a major milestone in the production of the F-35 fighter jet. The aft fuselage, manufactured by BAE Systems, was flawlessly connected to the parts produced
Aircraft industry
The Airborne Laser (ABL) program, a key component of the US Missile Defense Agency's (MDA) layered ballistic missile defense system, has made significant progress toward its objectives for FY '05 in ground-based laser testing and airworthiness flight-testing. Boeing, the ABL prime contractor, has reported that the program
Airlines
The flight crew unions of South Korea's two largest passenger airlines, Korean Air and Asiana Airlines, have resumed talks with their respective management over better working conditions and job security. However, the unions' actions to demand an extension of the mandatory retirement age and withdrawal of the
Airlines
Pilots at South Korea's two major airlines, Korean Air and Asiana Airlines, are set to stage limited strikes this week in a bid to negotiate better welfare benefits. The strikes, which will significantly disrupt summer travel services, are a result of months-long negotiations between the pilots' unions
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
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
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
Aircraft industry
Qatar Airways, a Middle Eastern airline, announced a surprise deal at the Paris Air Show, ordering 60 Airbus A350 long-range wide-body jets and 20 Boeing 777 wide-body jets. The move is significant for both Airbus and Boeing, as it marks the first time Boeing aircraft will enter Qatar Airways'
Aircraft industry
As the World Trade Organization (WTO) suit filed by the US against European Union member states for providing subsidies to Airbus aircraft sparks tension ahead of the Paris air show, the US and EU have greeted signs that EADS, Airbus' parent company, is prepared to give up "launch
Aircraft industry
The European Aeronautic Defense and Space Company (EADS) has offered to eliminate all government soft loans for Airbus, its majority-owned subsidiary, in an effort to settle a dispute with the United States and avoid costly litigation at the World Trade Organisation. This move comes as Airbus is set to announce
Aircraft industry
The Boeing Company and Airbus have been embroiled in a long-standing dispute with the US and EU authorities over billions of dollars in subsidies. The US complaint, lodged with the World Trade Organization (WTO) on May 30, focuses on $1.7 billion in new risk-free launch aid subsidies for the
