European equities closed higher on Monday after a negative start, boosted by strong trading on Wall Street, plus euro zone trade surplus data.» Read More
The new chief executive of Airbus says he is ready to “bet” that the European aircraft maker’s planned new A350 widebody passenger jet will not suffer the same three-year delay that Boeing had with its 787 Dreamliner, the Financial Times reports.
While booming air travel in Asia has led to a rush of new aircraft orders, there is also a growing concern that financing this expansion may be difficult, especially for over-leveraged airlines given a global funding squeeze.
While Europe's debt crisis and global economic uncertainty are threatening airline profitability in the West, in Asia airlines are experiencing relatively strong growth. But rising capacity and cut-throat competition are threatening to derail that.
European air safety officials extended checks for Airbus A380 wing cracks to the entire superjumbo fleet on Wednesday and said the widespread defects could pose a safety risk if left unremedied.
Australia's Qantas Airways said on Wednesday it had grounded one its flagship Airbus A380 aircraft for up to a week after engineers found dozens of cracks in its wings during detailed inspections following a flight hit by turbulence.
The Farnborough International Airshow saw the giants of the aerospace industry back on fighting form with Boeing and Airbus receiving major orders, but the threat of military spending cuts loomed large on the horizon.
Day one delivered a raft of billion-dollar orders that will be making the headlines Tuesday and, as ever, the company hogging the limelight has been Emirates.
Arch rivals Boeing and Airbus announced new orders worth almost $18 billion at the start of the Farnborough International Airshow on Monday, raising hopes that the aviation industry is on the way back up after a dire two-year slump.
Boeing and Airbus are both readying their most technologically advanced aircraft yet: Boeing’s 787 Dreamliner and Airbus’s A350XWB.
The fierce competition for the $35 billion Air Force tanker is about providing the best airplane, not about politics, EADS's North American Chairman Ralph Crosby told CNBC Friday.
Fast Money has a special edition of the Halftime Report with legendary hedge fund manager James Chanos, who gave viewers his perspective on the markets in a Halftime Report exclusive.
Speculation that Airbus may have to ground its entire fleet of A330 aircraft due to safety fears is completely unfounded and the plane is among the world’s safest, Tom Enders, CEO of Airbus, told CNBC.
Northrop Grumman CEO Ronald Sugar says his company plans to build four factories in the United States as part of a partnership with European Aeronautic Defence and Space (EADS).
Boeing was debriefed by the Air Force today on why it lost the massive $40 billion tanker deal in a shocking defeat to Northrop Grumman-EADS. Mark McGraw, head of Boeing's tanker program, spoke with me just minutes after the meeting ended.