Embraer Delivers 198 Total Jets in 2019
Embraer (ERJ) delivered a total of 198 jets in 2019, of which 89 were commercial aircraft and 109 were executive jets (62 light and 47 large), which represents an increase of 9% compared to 2018,…
Category: Business News
Garmin Brings Flight Deck Tools to the Garmin Pilot App
Major upgrade adds option to load instrument procedures, customized holds and more Garmin International, Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), today announced the addition of new features within the Garmin Pilot™ app that…
Acquisition of Bombardier Transportation: Accelerating Alstom’s Strategic Roadmap
A step-change acquisition to address the ever-increasing demand for sustainable mobilityExcellent strategic rationale bringing to Alstom:- Strong commercial and product complementarities- Strengthened product lines and strategic industrial capacity- Leading portfolio offering and R&D capabilitiesAcquisition price from €5.8bn…
SpaceX Launches its Fifth Starlink Mission From Cape Canaveral
https://www.youtube.com/watch?v=jbIdhreCBoo MISSION OVERVIEW SpaceX successfully targeted Monday, February 17 at 10:05 a.m. EST, or 15:05 UTC, for its fifth launch of Starlink satellites from Space Launch Complex 40 (SLC-40) at Cape Canaveral Air Force Station,…
Airbus and Government of Québec Become Sole Owners of the A220 Program
Bombardier transfers its remaining interest in Airbus Canada Limited Partnership (Airbus Canada) to Airbus SE and the Government of QuébecAirbus now holds 75 percent of Airbus Canada with the Government of Québec increasing its holding…
Tesla Ordered by German Court to Stop Cutting Down Trees for Gigafactory
BERLIN (Reuters) - A German court on Sunday ordered Tesla Inc to stop clearing forest land near the capital Berlin to build its first European car and battery factory, a victory for local environmental activists.…
U.S. Weighs Blocking GE Engine Sales for China’s New Airplane
FILE PHOTO: A traffic light is seen in front of a logo of General Electric at the company's plant in Birr (Reuters) - The U.S. government is considering whether to stop General Electric Co from…
Alstom Nears Deal to Buy Bombardier’s Train Unit
(Reuters) - France’s Alstom SA (ALO.PA) is close to clinching a deal to buy Bombardier Inc’s (BBD-B.TO) train business which will give the unit an enterprise value of $7 billion, according to a source familiar…
Airbus Says Higher U.S. Tariffs on EU Planes Will Harm U.S. Airlines, Consumers
WASHINGTON (Reuters) - The U.S. government's decision to raise tariffs on European-built aircraft will hit U.S. airlines already facing a shortage of aircraft and complicate efforts to reach a negotiated settlement with the European Union,…
Competition Heats Up In The Turboprop Market
SINGAPORE (Reuters) - Competition is cranking up in the world of turboprops. For years turboprops were an ignored corner of the aircraft industry, accounting for about 120 aircraft a year compared with the more than…