Singapore Airshow 2014
Bloomberg News reports from the Singapore Airshow, covering major announcements from aircraft manufacturers and highlighting the deals of the aviation and aerodefense industry’s big players. (Photograph: Brent Lewin/Bloomberg)
BAE Systems said the U.K. and Saudi Arabia agreed on pricing terms for Eurofighter Typhoon combat jets already handed over, providing Europe’s largest defense company with a boost to last year’s earnings.
Malaysian Airline System plans to order as many as 100 planes, a person familiar with the matter said, as the carrier seeks new aircraft to fend off competition that contributed to three straight annual losses.
Airbus and Boeing spent a week with Asian companies sounding more like cocktails than airlines, some of which didn’t exist a year ago, highlighting the region’s status as one of the most dynamic aircraft markets.
IndiGo, India’s biggest airline, joined an industry group in opposing AirAsia’s application for local operations, threatening to delay plans of the region’s largest discount carrier to start flights by March.
Bombardier tumbled to the lowest level in more than a year after it reduced 2014 profit targets for aerospace and train divisions and boosted the cost estimate for a second time for the CSeries family of jets.
Airbus is targeting its second export order for the A400M military cargo plane before the end of this year, said Christian Scherer, head of marketing and sales at the company’s defense and space division.
Boeing said it’s in early stages of testing the market’s appetite for a new medium-size plane for transcontinental flights within the U.S., the market that includes the most-lucrative routs for domestic airlines.
Etihad Airways PJSC Chief Executive Officer James Hogan is preparing to unveil a series of Latin American partnerships as the Middle East’s third-largest airline bolsters its global network of local cooperations
Commercial Aircraft Corp. of China has received inquiries from potential foreign buyers for its in-development C919 model, the nation’s first large passenger plane, as it seeks to break Boeing Co. and Airbus Group NV’s stranglehold on the global aircraft market.
Airbus Group NV said India’s easing of rules that banned its A380 superjumbos operating into the country may prompt several carriers to start services with the plane this year to the world’s second-most populous nation.
India’s aviation regulator needs to demonstrate it understands the technology behind new aircraft and it has the resources to ensure airlines follow safe practices, the U.S.Federal Aviation Administration said.
Talks on a Pacific trade pact are operating on an “artificial timeframe” for completion, the U.S. Ambassador to Singapore said, as ministers prepare to meet later this month on a deal that would link an area with about $28 trillion in annual economic output.
Indonesia’s top army officials will skip the Singapore Airshow as tensions escalated between the two nations after Indonesia stood by its decision to name a navy ship after marines who bombed a building on the island in 1965.
Boeing is poised to win an order for 38 of its 737 Max jets valued at about $3.9 billion from SpiceJet, the Indian budget airline controlled by billionaire Kalanithi Maran, people familiar with the plan said.
Archaic rules, taxes as high as those imposed on alcohol and an infrastructure deficit, especially in Asia, are curbing the aviation industry’s growth, the International Air Transport Association said.
The low-tech yet lethal mortar, used from medieval wars to modern-day Afghanistan, faces a science fiction-style threat as companies spanning Boeing to Rheinmetall AG test lasers that could consign it to history.
Comments by the leaders of Japan and the Philippines drawing parallels between China’s growing assertiveness in the region and events in pre-war Europe are “not helpful,” said the commander of U.S. air forces in the Pacific.