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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…

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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 Reveals its U.S. Army Future Attack Reconnaissance Aircraft Design

WIL BALDWIN March 3, 2020

Agile, purpose-built and designed for the Army’s evolving missions Boeing [NYSE: BA] is offering the U.S. Army an agile, fully integrated, purpose-built system for the Future Attack Reconnaissance Aircraft (FARA) prototype competition. Boeing FARA is…

Competition Heats Up In The Turboprop Market

WIL BALDWIN February 14, 2020

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…

Brazil Antitrust Regulator Gives Nod to Boeing-Embraer Deal

WIL BALDWIN January 27, 2020

The Boeing logo is displayed on a screen, at the NYSE in New York BRASILIA (Reuters) - Brazilian antitrust regulator Cade on Monday approved Boeing Co's <BA> purchase of Embraer SA's <ERJ> commercial aviation division…

After Tesla’s Record Year in Norway, Rivals Gear Up for 2020

WIL BALDWIN January 3, 2020

FILE PHOTO: A 2018 Tesla Model 3 electric vehicle is shown in Cardiff, California OSLO (Reuters) - The sale of new electric cars in Norway rose by 30.9% last year amid soaring demand for Tesla…

CP Completes Central Maine & Quebec Railway Acquisition

WIL BALDWIN December 30, 2019

CALGARY, Dec. 30, 2019 /PRNewswire/ - Canadian Pacific (NYSE: CP) has closed the transaction related to the acquisition of the Central Maine & Quebec Railway. The acquisition of CMQ in the U.S. remains subject to Surface Transportation Board approval. The acquisition,…

Russia’s St Petersburg Airport Expects to Host Ryanair, Others in 2020

WIL BALDWIN December 26, 2019

MOSCOW (Reuters) - Low-cost airline Ryanair and other budget carriers are expected to start flying from Russia's St Petersburg airport in 2020, the Russian Transport Ministry said. The move is part of Russia's plan to…

Boeing Out of Minuteman Missile Replacement Competition

WIL BALDWIN December 14, 2019

The Boeing logo is displayed on a screen, at the NYSE in New York WASHINGTON (Reuters) - Boeing Co <BA> has decided not to compete as a prime contractor to replace the Pentagon's aging U.S.-based…

MD Helicopters Announces Advanced Weapons and Mission Management System for Scout Attack Helicopter

WIL BALDWIN December 5, 2019

MD Helicopters, Inc. announces a strategic teaming agreement with Elbit Systems Ltd (ESL) to deliver next-generation weapons and mission management capabilities to its MD 530G Block II (BII) Scout Attack Helicopter. The proven, pilot-centric Integrated…