Airbus SAS’s new A350 plane is scheduled to perform its maiden flight in two days’ time, as the European manufacturer seeks to gain a larger slice of the lucrative wide-body market still dominated by Boeing Co.
Rolls-Royce Plc faces costs and penalties of more than the 50 million pounds ($80 million) to fix its Trent 900 engine that blew up on an Airbus SAS A380 operated by Qantas Airways Ltd., according to Nick Cunningham of Agency Partners.
Airbus SAS and Rolls-Royce Group Plc began investigating why an engine on a Qantas Airways Ltd. A380 superjumbo exploded in mid flight, forcing an emergency landing in the worst incident since the aircraft began service in 2007.
BAE Systems Plc, Europe’s biggest defense company, is chasing a contract to supply flight-control gear to Boeing Co.’s 737 Max jetliner as it seeks to boost civil sales amid declining military spending in the U.K. and U.S.
BAE Systems Plc, Europe’s largest arms maker, said it will buy back shares worth as much as 1 billion pounds ($1.5 billion) over three years after demand outside the U.S. and the U.K. helped swell its cash reserves.
European Aeronautic, Defence & Space Co. Chief Executive Officer Tom Enders made no secret in October of his scorn for Germany killing a merger with BAE Systems Plc. Two months later, he’s welcoming the country as an investor.
European Aeronautic, Defence & Space Co. ’s rejection for a $35 billion U.S. tanker contract threatens its goal to cut reliance on commercial aircraft and may force it to seek acquisitions at home to build up defense operations.
Boeing Co.’s 787 started its first commercial flight today, ending more than three years of delays, with operator All Nippon Airways Co. saying a wider cabin and bigger windows will help give customers a more comfortable ride.