Lucrative routes between Australia and Europe spur airline competition

Resurgence of U.S. manufacturing is bolstered by foreign companies setting up shop

As defense budgets decline, angst about pink slips

Though the plan was risky, Alitalia had hoped to stabilize the Italian air transport sector through a merger with Air One and the takeover of smaller carriers. While the Air One deal has been completed, the second goal has fallen flat. Europe's low-fare carriers will gladly take notice. In addition to Windjet, Blue Panorama—an early Boeing 787 customer—was a target. Earlier this month, talks with Windjet failed and the small, low-fare carrier stopped flying a few days later. Blue Panorama appears to be in financial difficulty as well.

As the Transportation Security Administration's (TSA) latest cargo security deadline for passenger air carriers nears, much has changed since the original Dec. 31, 2011, date, but some of the concerns have not. The carriers must be able to inspect 100% of their cargo traveling on international U.S.-bound flights by Dec. 3. The TSA postponed its original mandate after nearly one-third of the airlines commenting on the deadline balked at the time frame allotted, according to Government Accountability Office (GAO) reports.

More than one-third of A&D employees under 30 are looking for another position within their current organization

In a clever parry, Airbus is preparing to establish A320-series final assembly facilities in the U.S., right in Boeing's backyard. On first glance, it looks like a daring tactic designed to further strengthen the company's global image and boost its long-term goal to become the leading player in the air transport market. But several question marks hover over this decision.

Shortly after ST Aerospace decided not to acquire Pemco World Air Services, it appears the bankrupt MRO based in Tampa, Fla., found a new buyer. And that buyer, Avion Services Holdings, an affiliate of Sun Capital Partners, does not appear to be making major changes—at least for now.