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Rolls-Royce Wins Contract for MTU Propulsion System for Royal Navy Type 31 Frigates

WIL BALDWIN May 30, 2020

Delivery scope: 20 main propulsion engines and 20 on-board generator sets, Callosum marine automation and integrated logistic support MTU propulsion solutions from Rolls-Royce now feature in almost all current and future Royal Navy vessels Each new…

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Safran Shares Lifted by Boeing 737 MAX Restart Plan

WIL BALDWIN May 28, 2020

Outbreak of the coronavirus disease (COVID-19) in Renton, Washington PARIS (Reuters) - Safran <SAF.PA> shares rose on Thursday after Boeing <BA.N> said it would restart production of its 737 MAX jet and announced further cost-cutting…

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Finnair Boosts Reliability of Regional Fleet with ATR Global Maintenance Agreement

WIL BALDWIN May 27, 2020

ATR and one of its long-standing customers, the Finnish airline Finnair, signed a 10-year Global Maintenance Agreement (GMA). Through this package, Finnair and Nordic Regional Airlines (NoRRA) – who operates Finnair’s regional ATR traffic –…

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Alstom’s Prima Electric Locomotive Begins Indian Railways Operation

WIL BALDWIN May 27, 2020

The first of the 12000-horsepower, Prima T8 electric locomotives has been put into commercial service by Indian Railways. Built by Alstom and certified by the Ministry of Railways and Commissioner of Railway Safety/RDSO, the electric…

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Economic Stabilization Fund Approves Lufthansa Package

WIL BALDWIN May 27, 2020

Deutsche Lufthansa AG has been informed by the Economic Stabilization Fund (WSF) of the Federal Republic of Germany that the WSF has approved the stabilization package for the company. The Executive Board also supports the…

ATR Releases 2019 Results

WIL BALDWIN May 14, 2020May 14, 2020

ATR performed well in 2019. We received 79 orders and delivered 68 aircraft for a book-to-bill of more than one. The turnover for the year was $1.6 billion and was boosted by a strong performance…

Qantas Pauses Airplane Deliveries from Airbus and Boeing

WIL BALDWIN May 10, 2020May 10, 2020

Qantas planes are seen at Kingsford Smith International Airport in Sydney, Australia SYDNEY (Reuters) - Qantas Airways Ltd <QAN.AX> said on Monday it had advised Airbus SE <AIR.PA> and Boeing Co <BA.N> that it did…

Former Garuda Indonesia CEO Jailed for Eight Years for Bribery

WIL BALDWIN May 8, 2020

AKARTA (Reuters) - An Indonesian court on Friday jailed Emirsyah Satar, a former chief executive of Garuda Indonesia, for bribery and money laundering related to procurement of planes and engines from Airbus and Rolls-Royce, his…

Aer Lingus to Review Social Distancing Following Packed Flight

WIL BALDWIN May 5, 2020May 5, 2020

LONDON (Reuters) - Irish airline Aer Lingus said it was reviewing its social distancing procedures after a flight on Monday was packed with passengers. European flights have all but come to a standstill during the…

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EU Clears 7 Billion Euros in State Aid for Air France-KLM

WIL BALDWIN May 4, 2020

BRUSSELS (Reuters) - The European Union's competition watchdog on Monday approved French state aid worth 7 billion euros ($7.66 billion) for Air France <AF.PA>, saying the support would provide cash to soften the economic shock…