Commercial aircraft manufacturing is helping to drive a surge in global aerospace and defense (A&D) industry revenue, which is expected to grow 4.1% year-over-year (YOY) in 2018, almost doubling last year’s 2.1% rate, according to a new report by consulting company Deloitte Touche Tohmatsu.
Panasonic Corp. of Japan and its U.S. subsidiary Panasonic Avionics Corp. (PAC) will pay $280 million to resolve Foreign Corrupt Practices Act and accounting fraud violations, the U.S. Justice Department and Securities and Exchange Commission (SEC) announced separately on April 30.
A privacy watchdog organization has filed suit against FAA’s Drone Advisory Committee (DAC), charging that the industry-government group has failed to release records and make subcommittee and task group meetings open to the public in violation of federal open-meeting requirements.
All Nippon Airways (ANA) is configuring the cabins of its Airbus A380s—which will be used to fly between Japan and Hawaii—with four classes and some all-new features that include a changing room, bar counters in all cabins and couch options in economy.
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Kuwaiti hybrid carrier Jazeera Airways has attributed an improvement in traditionally weak first-quarter figures to a combination of investments in improving passenger experience, a growing route network and higher asset utilization.
Major aerospace supplier Arconic, a lightweight metals manufacturer, descended into turnaround-plan territory after an April 30 financial update spurred a nearly 17% drop in its stock price and talk of “mixed” performance.
Air Canada delivered record revenue and lower-than-anticipated cost increases in the first quarter, and is tapping additional cost-savings initiatives to help offset rising fuel prices as it aims to hit its goal of C$250 million ($195 million) in annual expense reductions by 2020.
French airports operator Vinci Airports has acquired a portfolio of 12 airport contracts in Costa Rica, Sweden, the U.S. and the UK from U.S.-based company Airports Worldwide, including 100% of Belfast International and 100% of Orlando-Sanford International.
Russia’s S7 Group has signed a letter of intent (LOI) with Sukhoi Civil Aircraft Co. (SCAC) for 50 Sukhoi Superjet 75 (SSJ75) aircraft, plus 25 options.
Japan’s All Nippon Airways (ANA) Group is adding 25 aircraft to its fleet over the next 11 months, as it continues to take delivery of new-generation models to refresh and expand its fleet.
Private-investment firm Ardian plans to divest its 49% stake in London Luton Airport from its $67 billion portfolio, after reaching an agreement to sell the shares to global investment manager AMP Capital.
Brazilian manufacturer Embraer posted a consolidated $10.2 million net loss for the first quarter of 2018, a reversal from the company’s $55.1 million net profit in the year-ago March quarter.
Rolls-Royce and Airbus have signed a collaboration agreement for the integration of the engine manufacturer’s UltraFan demonstrator for flight testing. The agreement was signed at the Berlin Air Show.
Air Canada unveiled its new “Signature Service” premium travel brand this week for international flights and plans to introduce the service upgrade on certain transcontinental flights within North America in June.
United Airlines parent United Continental Holdings has boosted its stake in Azul Brazilian Airlines to 8% after purchasing shares in the São Paulo-based carrier from Hainan Airlines.
All Nippon Airways (ANA) Holdings achieved another strong profit rise for the financial year ending March 31, driven mainly by a sharp increase in international revenue.
