Aviation News

Boeing receives $11b order

MEXICO CITY — Mexico’s largest airline Aeromexico on Wednesday placed an $11 billion provisional order with Boeing, in what the company said was the biggest aircraft investment by a Mexican airline in that country’s history.

Airbus delays A350 after glitch

PARIS - Airbus announced a fresh delay to Europe’s newest passenger jet on Friday, but the cost of the setback to the A350 barely dented a stronger-than-expected first-half performance that put rocket fuel under the shares of parent company EADS.

Global body says Indian aviation sector ‘in crisis’

NEW DELHI — India’s highly competitive aviation sector is in “crisis”, crippled by high costs, exorbitant airport charges and taxes, the global aviation industry’s chief said on Wednesday.

Boeing beats 2nd-qtr profit estimates

SEATTLE - Boeing Co reported a greater-than-expected 3 percent increase in second-quarter profit and raised its full-year earnings forecast on Wednesday as rising airplane deliveries and defense sales offset higher pension costs.

Singapore Air swings to profit, outlook still bleak

SINGAPORE - Singapore Airlines Ltd , the world’s No.2 carrier by market value, warned that profits at its cargo and passenger units remain under pressure even as the rival to Emirates and Qatar Airways swung to an overall quarterly profit from a loss in the preceding three months.

Qatar Air, Hainan vie for Saudi domestic flights

Qatar Airways and China’s Hainan Airlines are among carriers vying to offer domestic flights in Saudi Arabia after an initial 14 applicants were cut to a shortlist of seven, the kingdom’s aviation regulator said.

Etihad gets nod to double stake in Virgin Australia

Etihad Airways will be able to double its stake in Virgin Australia Holding, as Australia’s Foreign Investment Regulator has given its nod.

Emirates and Rockwell Collins in flight simulator deal

Emirates has entered into an agreement with Rockwell Collins for the provision of new image generation and projection systems for the airline’s fleet of high-tech, full flight simulators.

Gulf airlines set sights on Saudi aviation boom

Saudi Arabia’s push towards an open skies policy is attracting the interest of major airlines in the Gulf and raising hopes that overbooked flights that have characterised air travel across the country could soon be a thing of the past.

Jazeera Airways keeps market share lead

Award-winning Jazeera Airways on Monday issued its operational performance report for the second quarter of 2012, which showed that the airline has continued to grab leading market shares to the destinations it serves.