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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…

Boeing Terminates Joint Venture Agreement With Embraer

WIL BALDWIN April 27, 2020April 27, 2020

Boeing (NYSE: BA) announced today that it has terminated its Master Transaction Agreement (MTA) with Embraer, under which the two companies sought to establish a new level of strategic partnership. The parties had planned to create…

First Nigerian A-29 Super Tucano Completes Inaugural Flight

WIL BALDWIN April 18, 2020

Jacksonville, EUA, April 17, 2020 – Embraer Defense & Security and Sierra Nevada Corporation (SNC) announced the first of 12 A-29 Super Tucano light attack, combat and reconnaissance aircraft for the Nigerian Air Force (NAF)…

GSV Bids $2.5 Billion for Malaysia Airlines

WIL BALDWIN April 7, 2020

FILE PHOTO: A Malaysia Airlines plane is seen at Kingsford Smith International Airport in Sydney KUALA LUMPUR (Reuters) - Privately held Golden Skies Ventures (GSV) has made a $2.5 billion offer to fully take over…

Tesla to Slash Headcount at Nevada Gigafactory by 75%

WIL BALDWIN March 27, 2020

BEIJING/TOKYO (Reuters) - U.S. electric carmaker Tesla Inc <TSLA> plans to slash on-site staff at its Nevada battery plant by around 75% due to the coronavirus pandemic, the local county manager said on Thursday. The…

Aerojet Rocketdyne RL10 Engine Marks 500th Flight with AEHF-6 Launch

WIL BALDWIN March 27, 2020March 27, 2020

CAPE CANAVERAL, Fla., March 26, 2020 (GLOBE NEWSWIRE) -- The successful March 26 launch of the U.S. Space Force’s sixth and final Advanced Extremely High Frequency (AEHF) military communications satellite aboard a United Launch Alliance…

Alstom to Equip Regional Trains in Sweden with ERTMS Onboard Control System

WIL BALDWIN March 25, 2020March 25, 2020

Alstom has been awarded a contract by AB Transitio, Region Skåne through Skånetrafiken, Region Blekinge, Hallandstrafiken AB, and DSB SOV to equip a fleet of 77 X31 regional trains with ERTMS onboard train control system,…

thyssenkrupp Sells Elevator Technology Business for €17.2 Billion

WIL BALDWIN March 16, 2020March 16, 2020

Consortium of bidders led by Advent, Cinven and RAG foundation Sales proceeds pave the way for further transformation of thyssenkrupp Cash inflow remains within the company Buyers give far-reaching site and employment guarantees for tk…

Air France – KLM Release February 2020 Traffic Report

WIL BALDWIN March 11, 2020

Air France - KLM has release their Traffic Report for February of 2020. airfranceklm.com_february_20_traffic-1Download

British Airways Franchise Partner SUN-AIR Selects Garmin ADS-B solution for Dornier 328 aircraft

WIL BALDWIN March 11, 2020March 11, 2020

Garmin is pleased to announce European Aviation Safety Agency (EASA) approval of an Automatic Dependent Surveillance-Broadcast (ADS-B) solution for the Dornier 328 jet and turboprop aircraft. SUN-AIR Aviation Group has selected a Garmin ADS-B solution…