Dec 19, 2016

IranAir pares Airbus order, including 12 superjumbo A380s

IranAir has trimmed its planned order from Europe’s Airbus to 100 planes, partly by dropping superjumbo A380s, the flag carrier’s head said on Sunday, confirming an adjustment first reported by Reuters. “Although the nominal value of the contract for 118 Airbus planes had been ...

EgyptAir crash victims bore traces of explosives: Cairo

Dec 16, 2016

EgyptAir crash victims bore traces of explosives: Cairo

Traces of explosives have been found on victims’ remains from an EgyptAir plane that crashed into the Mediterranean in May killing all 66 people on board, Egypt’s aviation ministry said Thursday. An official investigative committee that made the discovery has referred the case to ...

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 ...