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Airbus

Aibus Group Announces Financial Results For 2015 In London

A350 Increased Sales Boost Airbus Earnings to 1.6%, Equalled A380

Due to the increased sale of Airbus superjumbo A380, the company's earnings rose to 1.6% last year. The aircraft maker is hoping another boost in its earnings this year because of the overwhelming order bookings from different countries.

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Deutsche Lufthansa AG Take Delivery Of An Airbus A320neo Aircraft

Airbus Needs Double Time Production as Airline Demand Increases

Airbus just can't get enough of its overflowing orders. The aircraft maker needs to have a double time production to meet its deadline for delivery and to cater other orders from other countries. Spring Air, one of the clients, ordered 60 Airbus A320neos and wants more. It asked Airbus to make more aircraft as China needs them.

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FRANCE-VINTAGE-SALE-CAR

Rolls-Royce Cuts Half of Its Dividends

Rolls-Royce halved its dividend payment to shareholders this year. However, many were relieved to get a dividend amount itself, especially since the company had issued five profit warnings in two years. Despite a fall in profit by 12%, the company shares jumped 13%.

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Airbus partners with Uber to provide users with helicopters

Airbus partnered with Uber to provide on-demand helicopter rides to people using its H125 and H130 choppers.

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UK Student In Custody On Drug Smuggling Charges

Citigroup cancels airline credit facility

After the cancellation of short-term credit facility from Citigroup, South African Airways is in the process of getting guarantee support from the government. South African Airways has had seven CEOs during the past three years. The National Treasury is exploring ways to restore financial support to the airline and will restructure the board as well.

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Allan McArtor (L) and Robert Bass

Aerion and Airbus to Build New Supersonic Jet in 2021

American billionaire, Robert Bass, established Aerion in 2004. The company with engineering support from Airbus will formally launch the AS2 program next year. Currently, the Reno,based company is searching for manufacturing facility to start building its Aerion supersonic jet. This will become new supersonic jet after Concorde retirement in 2003.

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Official flag of the Quebec Province

Quebec defends support to Bombardier CSeries

Quebec is reacting positively to its decision of supporting Bombardier Inc with $1-billion lifeline. Quebec says its decision wouldn't attract any trade dispute from the competitors of Canadian airline.

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COMAC's C919

China To Compete the Global Giant Aircraft Manufacturers with their First State Developed C919 Passenger Jetliner

China revealed their first owned passenger plane manufactured by a Chinese initiative to compete with the leading global aircraft manufacturers for the largest passenger jetliners in Aviation market. Though, China is also among the mammoths in Aviation industry, the state still depends on Boeing and Airbus aircraft.

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EU migrant crisis

Airbus Expresses Interest To Hire Refugees In Germany

This week, a surprising airline news claims that Airbus has expressed its interest in hiring newly arrived refugees in Germany. According to Airbus CEO, Tom Enders the refugees could work in the airline's facilities for a different wage rate.

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Bombardier

Airbus calls off talks with Bombardier on C-Series Jet project

The ongoing talks between Airbus and Bombardier have ended incomplete as the former called off discussions soon after they became public.

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Elon Musk

Elon Musk's Hyperloop starts construction in 2016; Oerlikon Leybold and Aecom joined in

Hyperloop Transportation Technologies had agreed to work with Oerlikon Leybold Vacuum and engineering design company, Aecom, to build Elon Musk's vision; the Hyperloop tube.

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Ali Akbar Salehi

Iran plans to buy 90 jets per year: old fleet to be renovated

Media reports on Sunday reveal Iran's plans to buy up to 300 units of Boeing and Airbus planes to replace its antiquated fleet by purchasing at least 90 planes annually. An official of Iran's civil aviation agency projected that Iran would need between 400 and 500 planes in the next ten years.

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European Space Agency

Europe invests $384M in search for alien life on Jupiter's moons

With recent milestones in space exploration, including this month's flyby of the New Horizons spacecraft of Pluto, one may wonder whether man has reached the end of planetary exploration.

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Airbus

Airbus signs deal for China cabin-completion plant

Airbus (AIR.PA) signed an agreement on Thursday to set up its second plant on Chinese soil in a deal that the European planemaker hopes will lead to lucrative new plane orders.

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IndiGo Airlines

India's IndiGo to file prospectus for $400 million float next week: sources

India's biggest airline IndiGo is set to file a prospectus next week for a domestic stock market listing, which is expected to raise as much as $400 million, according to three sources with knowledge of the matter.

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