Company: Airbus

Asia’s premium legacy carriers Singapore Airlines and Cathay Pacific are struggling to stay profitable owing to increasing competition and falling passenger traffic, with aviation analysts warning that the turbulence is going to last.

Singapore Airlines, the world's second largest carrier by market value, reported an unexpected loss for its fiscal fourth quarter, hurt by weak travel demand and soaring jet fuel prices.

Indonesia's flag carrier Garuda will sign a deal for 11 Airbus passenger jets on Wednesday, during a visit by British Prime Minister David Cameron aimed at boosting trade and investment. 

Boeing overtook Airbus in deliveries in the first quarter, setting itself on course to recapture the coveted number one spot in annual aircraft production for the first time since 2002, company data showed this week.

A Singapore Airlines Ltd (SIA) Airbus A380 aircraft was forced to turn back to Singapore earlier on Tuesday after encountering a problem with one of its engines.

Southeast Asian carriers have ordered $47 billion worth of aircraft for the coming decade but the deals could be under threat because of the inability of airports to keep pace.

Cathay Pacific Airways, Asia's No. 4 carrier by market value, posted a bigger-than-expected 61 percent drop in 2011 net profit on Wednesday amid high fuel costs and a slowing global economy, and warned of a more challenging year ahead. 

Europe's EADS predicted a significant improvement in operating profit in 2012 as it posted better-than-expected 2011 earnings on the back of an improved commercial performance at Airbus and progress in bringing costs under control on its A380 superjumbo.

Business is booming for Indonesia’s luxury jet charter firm Enggang Air Services and the company’s CEO Donnie Armand tells CNBC he is planning to expand his fleet size by 50 percent this year — a reflection of the country’s surging demand for private jet travel.

Airbus CEO Tom Enders told CNBC on the sidelines of the Singapore Airshow that the aircraft manufacturer was ramping up production to keep up with strong demand.

The European Union’s Emissions Trading Scheme (ETS) aimed at reducing the carbon footprint of airlines, if successfully implemented, could erode more than 30 percent from the struggling industry’s profits, Tony Tyler, CEO of The International Air Transport Association (IATA), said.

Despite speculation that Chinese aerospace manufacturer COMAC could one day rival industry heavyweights Airbus and Boeing, the firm says its focus remains firmly on the domestic market.

The Singapore airshow is taking place as Boeing and Airbus both deal with embarrassing glitches to their showcase aircraft, and as growth in the airline industry is under threat. Here's what to expect.

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.