Aug 8, 2016

Britain probing Airbus over allegations of bribery, fraud

Britain’s Serious Fraud Office said on Sunday it had opened a criminal probe into Airbus Group, investigating allegations of fraud, bribery and corruption. “These allegations relate to irregularities concerning third party consultants,” the SFO said in a statement. The authority said it opened the ...

Airbus brings turbulence to Farnborough by slashing superjumbo output

Jul 14, 2016

Airbus brings turbulence to Farnborough by slashing superjumbo output

The aircraft sector hit turbulence Wednesday as European giant Airbus slashed output of its A380 superjumbo because of weak demand, putting the brakes on plane orders generally at Farnborough. The Franco-German plane maker revealed at Farnborough — one of the world’s largest civilian and ...

Boeing nears $25 billion deal to sell jetliners to Iran Air

Jun 22, 2016

Boeing nears $25 billion deal to sell jetliners to Iran Air

U.S. aerospace giant Boeing and Iran Air confirmed Tuesday a tentative deal for the sale of passenger planes, in what could prove a landmark for easing in the difficult U.S.-Iran relationship. The deal, valued as much as $25 billion, would be the largest between ...

French ship hears pings from EgyptAir jet's black box

Jun 2, 2016

French ship hears pings from EgyptAir jet's black box

A French ship searching the Mediterranean has detected black box signals from a missing EgyptAir flight in the waters between the Greek island of Crete and the Egyptian coast, a development that could help solve the mystery of why the aircraft crashed into the ...

AirAsia gets $1 billion offer for its leasing company

May 30, 2016

AirAsia gets $1 billion offer for its leasing company

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AirAsia Bhd., the region’s biggest discount carrier, received an offer valued at about $1 billion to buy its aircraft-leasing company amid a surge in business in the continent. The company’s share prices rose to the highest level in more than a year. The airline ...

No mayday sent before Airbus oil-rig copter crash in Norway

May 3, 2016

No mayday sent before Airbus oil-rig copter crash in Norway

The oil-rig helicopter that crashed in western Norway, killing 13 people, gave no mayday call or indicated it was in trouble, Norwegian investigators said Monday. Norway’s Accident Investigation Board said the process of retrieving data from the flight and cockpit recorders had been completed ...