Shareholders of Airbus parent EADS have approved sweeping corporate changes that abandon a Franco-German power sharing agreement in favor of what the company’s leaders described as “emancipation” from political influence. The new rules would dissolve a pact that gives France, Germany and Spain veto rights on strategic decisions. Instead, an expanded board of 12 people
While Boeing says a test flight of its troubled 787 Dreamliner has gone according to script, the aircraft could face a new setback as the FAA reportedly mulls limiting the 787’s ETOPS limits. A 787 took to the skies on Monday for the first time since the model was grounded in mid-January after batteries overheated
A pair of flight-ready engines have been installed on the first Airbus A350 XWB test aircraft as the aircraft maker prepares to commence flight testing in the coming months. The Rolls-Royce Trent XWB engines have been installed alongside a Honeywell HGT1700 auxiliary power unit at Airbus’ production facilities in Toulouse, France. With that done, A350
The landmark alliance between Qantas and Emirates has received final approval from Australia’s competition watchdog five days before the tie-up is due to take effect. In a ruling released today, the Australian Competition and Consumer Commission (ACCC) said it was satisfied the alliance would result in “material, but not substantial” benefits to consumers. However, as
Virgin Australia’s $100 million purchase of Skywest Airlines has been approved by the Singapore High Court, clearing the way for the deal to go forward. The transaction, earlier approved by Skywest shareholders, is due to take effect on April 11. Perth-based Skywest currently operates a mix of fly-in, fly-out services for the mining sector and
Qantas’ plans to increase coordination between its growing stable of Jetstar joint ventures across Asia has received regulatory approval even as Virgin Australia’s bid to take over Tiger Airways appears in question. In Tuesday’s ruling, the Australian Competition and Consumer Commission said it would allow Jetstar and its offshoots in Sinapore, Vietnam, Japan and Hong
