BRASILIA, Feb 27- Brazil is hoping to sell its upcoming KC-390 military cargo plane to Sweden as part of a $4.5 billion deal to buy 36 Gripen fighter jets made by Swedish company Saab AB. Embraer's new jet is set for its first flight by the end of the year and has received early commitments for orders from Brazil, Argentina, Colombia and Chile.» Read More
The decade-long battle between Boeing and European arch-rival EADS for a $35 billion refueling airplane contract from the Pentagon ended in defeat for Airbus owner EADS earlier this year – but Chief Executive Louis Gallois insists that the bidding process improved its relationships with the U.S. military.
The perennial war of words between Boeing and Airbus heated up with both sides accusing the other of delivery delays as the crowds gathered for the opening day of the Dubai Airshow on Sunday.
The bumper order Emirates placed for Boeing 777s at the start of the Dubai Airshow was made in anticipation of strong growth in emerging market demand, Tim Clark, president of the airline, told CNBC Monday.
Boeing, and its arch rival Airbus, have in recent years witnessed something of a boom in airplane orders despite the US and Europe battling against financial crisis and economic slowdown.
As the eternal battle to secure aircraft orders continues, Boeing’s newest product, the 787 Dreamliner, landed in the United Arab Emirates for the 2011 round of the Dubai Airshow. It is the first time the plane is shown to the Middle East public with a readied mockup interior.
On one hand the idea of another record year for aerospace manufacturing hardly makes sense, and yet on the other, air travel remains an industry that is still expanding.
While other industries remain mired in red ink amid the global recession, Boeing and Airbus, the two largest aircraft manufacturers, are entering a period of unprecedented growth.
Despite being profitable in 2011, the airline industry is bracing for turbulence in 2012. The combination of major tax increases and fuel prices that are widely expected to rise means there could be rougher skies ahead for the carriers. Passengers, as well, will likely face fewer frills, fewer route options and notably higher prices.
How did Spirit Airlines beat analyst estimates? Insight with Ben Baldanza, Spirit Airlines president/CEO.
Swiss logistics provider Kuehne & Nagel will have a demanding fourth quarter, despite a 1.1 percent rise in earnings in the first nine months of 2011, Gerard van Kesteren, CFO of Kuehne & Nagel, told CNBC.
While inconsistent and bumpy, the U.S. economy is slowly showing signs of improvement, Ryder System CEO Gregory Swienton told CNBC Wednesday.
Indian airlines walked away from the Paris Air Show with a third of the airplane orders last week — a $23 billion gamble that air will finally conquer rail despite a formidable list ofobstacles.
The announcement that Ryanair will develop a new airplane with state-backed Chinese aircraft manufacturer COMAC on Tuesday at the Paris Air Show is the latest step towards a Chinese-made large commercial airplane.
The U.S. economy is in a "tentative" recovery but there are signs it is slowly improving, Schneider National CEO Chris Lofgren told CNBC Tuesday.
The Chinese come to the Paris Air Show as both the world’s largest purchaser of jetliners and a budding manufacturer projected by some to one day challenge the dominance of Boeing and Airbus.
The aerospace sector is “closer to the beginning than the end” of an upswing in orders, the chief executive of Boeing told CNBC Monday.
Expect to see biofuels powering more flights in the coming months, as next-generation “green” fuels get the green light to take off.
Cash-strapped nations are only now starting to loosen the purse strings on defense spending, and many may still be looking for bargains at the Paris Air Show this year..
Known as the BRICs, Brazil, Russia, China and India look to compete on level ground with traditional players in the aviation industry.