NEWSBoeing Leads Airbus In Race For United OrderBoeing has pulled ahead of Airbus in a race to win an aircraft order potentially worth more than USD$15 billion at list value with United, but intense negotiations lie ahead to close a deal that Airbus is unlikely to abandon without a fight, industry sources said.
LinkGol, Delta In Stake Sale Talks - ReportGol, Brazil's second-largest airline, is in talks to sell an additional 17 percent stake to US carrier Delta Air Lines to better cope with rising costs and declining market share, daily newspaper Folha de S. Paulo reported on Tuesday.
LinkEmirates Says No Interest In Indian CarriersDubai airline Emirates on Tuesday dismissed talk of a possible stake purchase in India's troubled aviation sector.
LinkEmbraer Signs USD$2.5 Bln ICBC Financing DealEmbraer has signed a memorandum of understanding with China's ICBC Financial Leasing under which ICBC will provide up to USD$2.5 billion in financing for planes over five years in one of Embraer's most promising markets.
LinkVirgin America Aims For IPO in 12-24 monthsVirgin America, the high service, low-cost airline branded by British entrepreneur Richard Branson, is mulling a public share offering in the next 12-24 months, a senior executive said on Tuesday.
LinkAirbus and Qantas overcame technical and logistical challenges in A380 repairs Qantas Airways and Airbus engineers faced both technical and logistical challenges in restoring its first A380 back to virtually brand-new condition after the aircraft's uncontained engine failure in November 2010. The aircraft, which has the registration VH-OQA, suffered the mid-air failure after take-off from Singapore. Repairs were completed almost 18 months after the incident, and the aircraft returned to Sydney on 22 April.
LinkLightSquared buys time with Inmarsat frequency spectrum paymentHaving previously missed a payment to the mobile satellite firm Inmarsat, troubled mobile satellite company LightSquared has now made a payment of $56.25 million in relation to its use of Inmarsat's frequency spectrum.
LinkUTC: Sikorsky to make no further investments in EclipseA top United Technologies Corp (UTC) executive says the company has no business interest in restarting production of the Eclipse very light jet. UTC subsidiary Sikorsky last year acquired a 42% stake valued at less than $25 million in Eclipse Aerospace, which in 2009 had acquired the assets of the defunct Albuquerque start-up that designed and built the Eclipse 500. Eclipse Aerospace is working on resuming production of the improved Eclipse 550, and has cited Sikorsky's investment as a major step towards reaching that goal.
LinkChina Eastern, Cathay downgrade 1Q profit forecast China Eastern Airlines and Cathay Pacific Airways have downgraded their first-quarter profit forecasts citing the slowdown of market demand and high fuel prices. They also pointed to increasing global economic uncertainties and political turmoil in Middle East for the forecast downgrade.
LinkQantas A380 repairs added less weight than expected to aircraftRepairs to the Qantas Airways Airbus A380 that had an uncontained engine failure in November 2010 added only 94kg to the weight of the aircraft.
This was far less than originally anticipated, says Airbus, with the airframer and Australia's flag carrier agreeing at the start of the project that the "weight impact" of the repairs would not exceed 250kg.
LinkIATA urges expansion of Suvarnabhumi airportIATA has said Thailand should expand Bangkok Suvarnabhumi Airport (SVB).
“Thailand needs to urgently build new terminal and runway capacity at Suvarnabhumi to ensure it remains one of the region’s top hubs,” IATA said in a statement.
LinkEmbraer, China’s ICBC Leasing ink financing dealEmbraer signed a memorandum of understanding with China’s ICBC Financial Leasing Co. to create financing opportunities for the sale of commercial and executive jets in China and other markets.
LinkAirbus and Qantas overcame technical and logistical challenges in A380 repairs"The repair-rebuild was unique in terms of the quantity and the size, but not the philosophies. Overall the repair principles used throughout are based on standard practices as performed regularly by the experienced Airbus teams, with the main differences here being related to the larger scale," says Airbus.
LinkVirgin's Ridgway vows to fight on over IAG's takeover of bmiVirgin Atlantic Airways is vowing to maintain its vocal opposition to International Airlines Group's takeover of BMI despite the formal completion of the controversial deal, which leaves IAG subsidiary British Airways with more than half the take-off and landing slots at congested London Heathrow airport.
LinkBAA agrees to sell Edinburgh AirportIn response to a ruling by the UK Competition Commission (CC), airport operator BAA has agreed to the sale of Edinburgh Airport (EDI) to Global Infrastructure Partners (GIP) for £807.2 million ($1.3 billion). The sale is expected to close by the end of May.
LinkEmbraer 1Q deliveries increaseEmbraer delivered 21 aircraft in the 2012 first quarter, one more than last year. It reported 1,063 firm commercial jet orders and delivered 823 aircraft, with a firm order backlog of 240 aircraft and 689 options.
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