Qantas has moved to block plans by Virgin Australia to alter its ownership structure and allow greater foreign investment. In a submission to the International Air Services Commission, Qantas called for a “comprehensive, public review” of Virgin’s plans, which were announced last month and would go into effect at the end of March. Virgin proposed
Oil leaks that hit two Qantas A380 flights last year were part of a wider problem with the aircraft’s Rolls-Royce Trent 900 engine, the ATSB has reported. The safety agency said Rolls-Royce, Qantas and Airbus have since taken “proactive safety action” to mitigate the problem, which stems from a loose connection with an external oil
The World Trade Organisation has upheld most of its 2010 ruling against Boeing, finding that the aerospace giant received billions in illegal subsidies from US federal and state agencies. The WTO did not put a precise figure on the size of the subsidies but the total was far below the nearly $24 billion in illegal
Century Tokyo Leasing Corp will buy a 16.7 per cent share in Jetstar Japan from Mitsubishi, the Japanese Nikkei reported. Mitsubishi currently owns a 33.4 per cent stake in the start up budget carrier, which is scheduled to commence flights in July. Qantas and Japan Airlines each own 33.3 per cent of the carrier. Century
Airbus parent EADS has predicted booming profits this year after releasing solid financial results for 2011. EADS, which also owns Eurocopter, Astrium and Cassidian, finished the year with a record order book worth €541bn euros (A$670bn) and revenues of €49bn (AU$60.6bn), a seven percent increase. Fourth quarter profits were up 72 per cent to €612m
Boeing has scored nearly four times as many aircraft orders as Airbus over the first two months of 2012 as it seeks to make up ground on its European rival. The US airframer sold 387 aircraft during January and February, headlined by the closing of a deal for 230 737 MAX aircraft with Indonesian LCC
