NewsEADS and BAE end merger talksAirbus parent company EADS and UK defense company BAE Systems have ended discussions on a potential merger after failing to overcome political hurdles. In a statement Wednesday, EADS said discussions with the relevant governments had not reached a point where both companies could fully disclose the benefits and detailed business case for a merger.
LinkTurkey Forces Down Syrian Passenger PlaneTurkey scrambled fighters to force a Syrian passenger plane to land on Wednesday, suspecting it of carrying military equipment from Moscow, while Turkey's military chief warned of a more forceful response if shelling continued to spill over the border.
LinkUS Air Flight Attendants To Take Strike VoteThe union representing flight attendants at US Airways said on Wednesday it plans to take a strike vote after its members twice rejected a proposed contract with the carrier this year.
LinkRegulator Approves Gol Takeover Of WebJetBrazilian airline Gol received approval from antitrust regulator Cade on Wednesday to buy rival WebJet.
LinkUK Police Probe Militant Links Of Airport SuspectsBritish police are investigating whether a man and a woman arrested at London's Heathrow airport are part of a militant group which abducted and wounded two photojournalists in Syria.
LinkPortugal Proceeds With Aviation SelloffPortugal is doing better than expected with its sale of airport management company ANA and airline TAP due later this year, according to treasury secretary Maria Luis Albuquerque.
LinkNTSB criticizes Gulfstream on G650 management, safety lapsesUS safety investigators today criticized Gulfstream managers over charges that a chain of errors and process lapses contributed to a fatal flight test crash of a Gulfstream 650 in April 2011. The National Transportation Safety Board (NTSB) meeting added few new details to the events leading to the crash in Roswell, New Mexico, but members instead sharpened their critique of Gulfstream's handling of time pressures and safety controls during the G650 flight test program.
LinkAmerican Eagle is preparing for spinoffDan Garton, CEO of American Eagle, says the regional airline is making good progress with its restructuring plan and related financial goals. Renegotiated labor contracts with all of its unions have made it possible for Eagle, which is owned by AMR, to reach its goal of $75 million in reduced costs per year. Plans for AMR to divest the regional carrier have been put on hold, but will be revisited once the company completes its restructuring, Garton says.
LinkHawaiian Airlines' Q3 expectations changeHawaiian Holdings, parent company of Hawaiian Airlines, recently announced a change in the airline's expected performance in the third quarter. Competitive pricing is said to be responsible for the revised outlook, which reflects changes in revenue per available seat mile and load factor. The airline also expects operating expenses for the quarter to be lower than previously estimated.
LinkFedEx announces plan for $1.7B in cost cutsFedEx has announced its new cost-cutting plan, which is aiming for what CEO Fred Smith called $1.7 billion in "profitability improvement" over the next three years. The measures focus on restructuring the company's express air fleet through modernization and possibly offering voluntary buyouts for
LinkBoeing says it's on track to produce 10 Dreamliners a monthBoeing has put in place a plan that will get it on track to produce 10 Dreamliners per month, says Jeffrey Luckey, vice president of 787 supply management. The company now is producing 3.5 jets per month but expects to be making five per month by the end of the year, with the goal of 10 per month to be reached by the end of 2013.
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