China's Comac Expands Aircraft Portfolio with C939 Widebody Project, Challenging Boeing and Airbus

Comac, thanks to the success of its C919 narrowbody aircraft, ventures into developing the C939 widebody jet to challenge Boeing and Airbus.

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JetBlue CEO Robin Hayes Speaks At Washington Economic Club Event

JetBlue Ex-CEO Robin Hayes Appointed to Head Airbus’s North American Division

Robin Hayes, former CEO of JetBlue, will now serve as the head of Airbus' North American operations.

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Boeing Considers Buyback of Spirit AeroSystems to Address Production Issues

Boeing is in talks to repurchase Spirit AeroSystems, the manufacturer of fuselages for its 737 Max jets, as both companies address manufacturing flaws in the aircraft.

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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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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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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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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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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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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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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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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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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'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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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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