Governors of more than a dozen states are rushing to offer incentives such as subsidized training and infrastructure to convince Boeing Co. to move production of its new 777X jetliner out of Washington, where union members rejected a labor contract that froze pensions.
Airbus chief salesman John Leahy is among seven current and former executives of European Aeronautic, Defence & Space Co. who face trial on charges of insider trading in shares of Europe’s biggest aerospace company.
Deutsche Lufthansa AG, Europe’s second-biggest airline, will boost cargo capacity as much as 5 percent next year as it operates four new Boeing Co. 777F freighter planes while retiring only two older MD-11 models.
Airbus SAS, the European maker of commercial aircraft, predicted airlines will buy planes valued at $4.4 trillion in the next two decades, driven by demand in India and China and global growth among low-fare airlines.
European Aeronautic, Defence & Space Co. expects demand for the Airbus SAS A380 superjumbo, the world’s biggest passenger jet, to recover after the global financial crisis and a manufacturing flaw crimped sales.
Mitsubishi Heavy Industries Ltd.’s aircraft unit, building Japan’s first passenger jet, will set up a quality-assurance center in Europe after pushing back the delivery of the aircraft by more than a year.