Exclusive: L3Harris nears $4.7 billion deal to acquire Aerojet Rocketdyne
L3Harris Technologies Inc is nearing a $4.7 billion deal to acquire U.S. rocket maker Aerojet Rocketdyne Holdings Inc, 10 months after the latter’s $4.4 billion sale to Lockheed Martin Corp fell through, people familiar with the matter said on Saturday.
Exclusive: Air India nears historic order for up to 500 jets
Air India is close to placing landmark orders for as many as 500 jetliners worth tens of billions of dollars from both Airbus and Boeing as it carves out an ambitious renaissance under the Tata Group conglomerate, industry sources said on Sunday.
Explainer: How sanctions against Russia are battering the global aviation industry
Russia’s size and close integration into the global aviation industry since the end of the Cold War means sanctions related to its invasion of Ukraine are having outsized consequences relative to earlier freezes on Iran and North Korea.
Boeing suspends vaccine mandate for U.S. employees
Boeing Co (BA.N) suspended its coronavirus vaccination requirement for U.S.-based employees, the U.S. planemaker said on Friday, capping weeks of uncertainty as thousands of workers sought exemptions and challenges to a federal mandate played out in court.
Qantas to switch domestic fleet to Airbus in blow to Boeing
Australia’s Qantas Airways Ltd (QAN.AX) said on Thursday it has chosen Airbus SE (AIR.PA) as the preferred supplier to replace its domestic fleet, switching from Boeing Co (BA.N) in a major win for the European planemaker.
Airlines place their bets, looking past pandemic to renew fleets
As the world hunkers down for Omicron, some investors might expect the global jet market to be withering away. Far from it.
U.S. airlines and Amazon join push to reduce aircraft emissions
Major U.S. airlines and Amazon.com’s (AMZN.O) aviation unit are joining an effort to speed development and use of sustainable aviation fuels (SAF) to decrease emissions in air transport.
Airbus challenges Boeing cargo dominance with A350 freighter
Europe’s Airbus (AIR.PA) took aim at one of Boeing’s (BA.N) most profitable strongholds on Thursday with plans for a freighter version of its A350 passenger jet, gambling that a pandemic boom in Internet shopping will outlast the global health crisis.
EU envoy urges U.S. to ease travel restrictions; sees time to resolve metals dispute
The European Union’s top diplomat in Washington said the United States should safely ease COVID-19 travel restrictions on Europeans, calling it a mistake to prevent European business executives from overseeing their U.S. investments.
Cheer over Boeing, Airbus deal belies cracks in EU, U.S. trade relationship
A deal for a five-year ceasefire in a U.S. and EU dispute over aircraft subsidies on Tuesday reflected progress, but the underlying trade relationship remains fragile with many unresolved disagreements, diplomats and trade experts said.
