Recognising the ongoing vital role the region will play in the future success of its airliner products, Boeing has signed a strategic agreement with Abu Dhabi-based aerostructures manufacturer Mubadala Development Company (Mubadala) for the supply of advanced composites and machined metals for the 787 and 777X. The agreement expands the long-term role of Mubadala as
Aircraft financing and leasing company GE Capital Aviation Services (GECAS) and ATR have signed a contract for up to 10 ATR 72-600 aircraft. The deal includes five firm orders and five options for deliveries beginning in 2015. ATR said the order confirms the importance of the leasing market for its aircraft, a signal of strong
Indonesian air force (TNI-AU) F-16As have arrived at RAAF Darwin for Ex Elang Ausindo 13, the latest in the series of bilateral airpower exercises between the TNI-AU and RAAF. The week long Ausindo 13 began on Monday November 18 and runs through to Friday the 22nd and sees up to six Indonesian F-16s exercising with
Virgin Australia’s $350 million rights issue, which has seen major institutional investors Air New Zealand, Etihad, Singapore Airlines and the Virgin Group take up their entitlement shares in the airline, has sparked a pointed reaction from Qantas and counter arguments from Virgin. The rights issue, which so far has raised $281.4 million from Virgin Australia’s
Air New Zealand shares are in a trading haft after the New Zealand government announced it is selling down its stake in the kiwi carrier from 73 per cent to about 53 per cent. Shares in Air New Zealand were trading at NZ$1.65 before the trading halt, valuing the 20 per cent stake at about
As rivalry between Boeing and Airbus reached fever-pitch strong on the opening day of the Dubai Airshow on Sunday, Emirates confirmed the value it has derived from its flagship A380s, with an order for a further 50 of the type. Following delivery of its first A380 in July 2008, Emirates has now taken delivery of
