Bombardier Inc., the world’s third- biggest planemaker, may refinance 785 million euro ($1.08 billion) of bonds due in 2016 with U.S. dollar-denominated debt to lower borrowing costs and extend maturities.
Cockpit technology to cut the risk of on-ground airport collisions is moving toward commercial adoption as Honeywell International Inc. targets business jets like those favored by chief executive officers.
GKN Plc, a supplier of parts to Boeing Co. Dreamliners and Airbus SAS A350 long-range jets, is interested in a facility Spirit Aerosystems Holdings Inc. has for sale as it seeks to grow commercial aerospace revenue.
When Larry Robbins was a boy in the Chicago suburbs, his father, Sheldon, worked two jobs and wasn’t around much. If the young Robbins wanted to see him on weekends, he had to travel to Arlington Park, a nearby horse-racing track that his dad ran. During those Saturday visits, his father taught him how to handicap horses. One lesson: Know the horse and the race. Was the track dry or muddy? Did the horse win because he was fast or because the competition was lousy?
Textron Inc. plans to cut 700 jobs at its Cessna plane division, representing about 8.3 percent of the unit’s workforce, as the aircraft maker reduces production further because demand hasn’t yet picked up after the recession.
Hong Kong's Business Aviation Centre is opening a much-needed third hangar for private business jets, as the booming China economy drives more movements of planes in the region. The Chinese government has identified aviation as a potential economic driver and is promising to reform the lagging infrastructure in that sector. Rosalind Chin reports. (Source: Bloomberg)
Bombardier Inc. agreed to sell its Flexjet aircraft flight-share unit to a U.S. buyer who will order business jets valued at a minimum of $1.8 billion from the Montreal-based maker of planes and trains.