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US-EU economic relations in for stormy weather

US-EU economic relations in for stormy weather

With spats over Apple and Deutsche Bank and squabbles about Airbus and Boeing, approaching elections on both sides of the Atlantic are exacerbating strains in US-European economic relations.

US grants Airbus, Boeing a chance to sell airplanes to Iran

European airplane manufacturer Airbus announced the license from the US Treasury's Office of Foreign Assets Control early Monday. Chicago-based Boeing followed with its own announcement later in the day.

Smoke detected on AI aircraft with 130 on board

Over 130 persons onboard an Imphal-bound Air India aircraft had a narrow escape after the pilot detected smoke. 

AirAsia orders 100 Airbus A321neos worth $12.5 billion

AirAsia orders 100 Airbus A321neos worth $12.5 billion

Malaysia`s low-cost airline AirAsia on Tuesday placed a blockbuster order for 100 single-aisle fuel-efficient A321neo jets worth a vast $12.5 billion in the biggest deal so far at the Farnborough airshow.

GoAir inks $7.7 billion deal with Airbus for 72 A320neos

GoAir inks $7.7 billion deal with Airbus for 72 A320neos

Indian low-cost airline Go Air signalled Tuesday its intention to buy 72 Airbus A320neos worth $7.7 billion at list prices, in a major announcement at the Farnborough airshow.

Russia's new MC-21: A challenge to Boeing, Airbus planes?

Russia's new MC-21: A challenge to Boeing, Airbus planes?

Russia on Wednesday presented a new medium-range passenger plane which state media said was superior to its Western-made counterparts in many respects. 

Watch: World's fastest helicopter that may revolutionise air travel!

Watch: World's fastest helicopter that may revolutionise air travel!

The hybrid aircraft is an advanced version of the Airbus' Eurocopter X3, which is currently under development.

Boeing and Airbus expect Indian airlines to order up to 1,740 jets over the next 20 years

Boeing and Airbus expect Indian airlines to order up to 1,740 jets over the next 20 years, as aircraft manufacturers eye one of the world`s fastest-growing aviation markets to offset any weaker sales elsewhere.

Airbus to set up India training centre with $40 mn investment

 Betting big on Indian aviation market, European aircraft maker Airbus today said it will set up a state-of-the-art pilot and maintenance training centre in the country with an initial investment of USD 40 million

India needs 1,600 planes worth $224 billion in next 20 years: Airbus

 European aviation major Airbus on Thursday said India will require 1,600 planes, including 1,230 narrow body aircraft, valued at $224 billion in the next 20 years as the country logs the fastest growth globally coupled with an expected 8.4 percent per year growth in passenger traffic during this period.

Under new head, Tata Motors to undergo transformation exercise

Tata Motors' newly appointed chief Guenter Butschek on Thursday said the company will undertake a transformation exercise, which would include a relook at brand positioning, revamping products and increasing its global footprint, in order to be "future ready"

A320 Neo debuts in India, IndiGo first to receive plane

A320 Neo debuts in India, IndiGo first to receive plane

Making its debut in India, the first eco-friendly A320 Neo built by European aircraft major Airbus landed at the Indira Gandhi International Airport Friday, which was delivered to budget carrier IndiGo on Thursday.

Iran to buy 118 Airbus aircraft worth $25 billion

Iran agreed on Thursday to buy 118 Airbus aircraft worth about USD 25 billion (EUR 22 billion), according to a memorandum of understanding signed during a visit to France by Iranian President Hassan Rouhani.

Canada to lift Tehran sanctions, allow Bombardier to export to Iran

 Canada confirmed for the first time on Tuesday that it plans to lift its sanctions on Tehran and said that if Airbus is allowed to sell to Iran, then its aircraft maker Bombardier Inc should be allowed to export there as well.

China Southern Airlines to buy 10 Airbus planes worth $2.27 bn

China Southern Airlines to buy 10 Airbus planes worth $2.27 bn

China, the world`s second largest economy, is Asia`s biggest aircraft buyer.

Airbus inaugurates business accelerator BizLab at Bengaluru

European aviation major Airbus Tuesday inaugurated its third aerospace business accelerator BizLab, in Bengaluru after Toulouse(France)and Hamburg (Germany) as part of its strategy to establish a global network.

Air India mops up Rs 7,000 crore through aircraft sale

Air India mops up Rs 7,000 crore through aircraft sale

Air India has mopped up Rs 7,000 crore by selling nine of its 21 Dreamliner planes to a Singaporean lessor, which it has taken back on lease from the company under an SLB arrangement.

Jet Airways to deploy Airbus A330 on Delhi-Singapore route

Jet Airways to deploy Airbus A330 on Delhi-Singapore route

Jet Airways Thursday said it would deploy a bigger aircraft, a wide-body Airbus A330, on Delhi-Singapore route, offering 50 percent more seat capacity on the route, from 25th of this month.

Airbus says no technical fault yet found for Egypt crash

The head of Airbus said Monday that no technical fault has yet been detected for the October 31 crash in Egypt of an A-321 plane operated by Russian airline Metrojet.

Airbus signs deals with S Korea carriers for 55 planes

European aircraft maker Airbus said Wednesday it had formally signed deals with South Korea's two largest airlines for the delivery of 55 of its fuel-efficient, single-aisle A321neo passenger jets.