The World Trade Organisation on Wednesday partly reversed a ruling against the European Union over “prohibited subsidies” for aircraft maker Airbus. Both Boeing and its European rival claimed the decision as a victory.
After a decade of protracted negotiations, the US Air Force has awarded American aviation giant Boeing the coveted €25 billion contract to supply a new generation of air refuelling craft, ahead of its European rival EADS.
Airbus remained the world's biggest plane manufacturer throughout 2010, beating arch-rival US firm Boeing. After announcing a record deal for 150 planes with IndiGo last week, Airbus is looking to stay on top in 2011.
France's Airbus unveiled a mega-order for its new, eco-conscious A320neo jet by the Indian airline IndiGo. The European aircraft manufacturer is calling the deal the largest of its kind in aviation history.
South Korea's Asiana Airlines has agreed to a $1.8 billion deal to buy six Airbus A380 jumbo jets to be used on routes to Europe and the United States, the airline said on Thursday. The planes are to be delivered between 2014 and 2017.
Lawyers for Air France have told investigators that European aerospace giant Airbus and French manufacturer Thales failed to heed warnings concerning speed censors in the months preceding the crash of flight AF 447 between Rio and Paris.
Rolls-Royce announced Thursday that they are to replace as many as 40 engines across the Airbus A380 fleet of passenger aircraft, following safety fears sparked by a mid-air explosion on board a Singapore Airlines flight earlier this month.