Middle East tension is driving demand for military hardware at the Dubai Air Show which opened on Sunday, but recession means fewer orders for civilian jets.

Short of cash and unable to pay its bills, Kingfisher Airlines of India has had to take on debt from India’s government-owned banks, pledge assets in exchange for loan guarantees, postpone delivery of new planes and search for a foreign investor.

Think you have a tough commute? As it turns out, a normal rush-hour routine in most cities pales in comparison to some of the metro areas identified in this year’s Driver’s Seat Road Rage Survey recently released by AutoVantage. The group surveyed rush hour drivers in 25 major metropolitan areas and determined cities that were the “least courteous.” In other words, the cities with the worst cases of road rage.

At this year's Paris Air Show, held June 15-21, historic and cutting edge aircraft are on display and in flight. Held on odd-numbered years at Le Bourget Airport outside Paris, the show not only showcases military and civilian aircraft, but with major corporations and numerous countries in attendance, it also provides the perfect backdrop for announcements of major contractual agreements.

Day two of the Paris air show and Monday's terrible weather seems to have lifted. The question is has it lifted the mood of those here at Le Bourget?

Two years ago here at the Paris Airshow the sun was shining, the champagne corks were flying and the fizz was flowing as the orders rolled in for Airbus and Boeing. Wind the clock forward to now and the story is very different.

This is the 100th Paris Airshow but the aviation industry has little to celebrate. The grey weather here at Le Bourget really sums up to mood of most CEOs in the industry and it's extremely unlikely that we will see the flurry of aircraft orders normally associated with the event. The tragic news associated with Air France 447 is also casting a long shadow and is likely to dominate many of Airbus' scheduled events.

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.

The French government expressed deep disappointment Friday over the news that ocean debris recovered by the Brazilian military this week appeared to be the remains of a shipwreck and not from an Air France jet that crashed in the South Atlantic on Monday.