India’s Air Costa signed a firm contract for 25 Embraer E190-E2s and 25 E195-E2s and retained purchase rights for an additional 25 of each at the Singapore Airshow last week. The contract is valued at US$2.94bn (A$3.24bn) at list prices and is the first for the new E2 type from an Indian operator. The airline
Bombardier has revealed a cost blowout in the development of its CSeries single-aisle airliner in its 2013 results release on February 13. The company says it will spend an additional US$1.05bn (A$1.16bn) on extra tooling and financing costs to take the estimated CSeries development cost through to certification of the larger CS300 in 2016 to
The Australian Airports Association (AAA) says regional airports are coming under increasing pressure to cut their charges from airlines. In a February 13 statement, the AAA said about a third of Australia’s regional airports are already making a loss, while the rest are struggling to raise sufficient funds in order to develop and maintain their
Chief of Air Force AIRMSHL Geoff Brown and Minister for Defence Senator David Johnston have formally welcomed home more than 100 RAAF personnel who had been deployed to Multi National Base – Tarin Kot (MNB-TK) in Afghanistan. The formal ceremony at RAAF Base Amberley on February 14 follows the closure of MNB-TK in December, and
The Airbus Group has announced it has entered into a share purchase agreement with Raiffeisenverband Salzburg to acquire Salzburg München Bank AAG. The company says the acquisition of the Munich-based bank will allow it to provide additional financing options for the aeronautics and defence company, and that, after closing, “it will be renamed Airbus Group
Virgin Australia founder and shareholder, Sir Richard Branson, has taken out full page open letter advertisements in Australia’s Sunday newspapers on February 16 calling for the Australian government to not “prop up the Qantas Group.” Branson’s letter warns that “business people worldwide will think twice about investing in Australia” for fear of government intervention in
