iscoverBombardier 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 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
Hawker Pacific has signed an MoU with Bell Helicopter with the intent to enter into future purchase agreements for various Bell helicopter models based on anticipated market growth. The agreement was signed at the Singapore Airshow by Hawker Pacific CEO, Alan Smith and Bell Helicopter president and CEO, John Garrison. An accompanying media release says
Bombardier Aerospace has opened a new regional support office in Singapore as part of plans to better support commercial operators in the South East Asia region. The office is the 18th such office the manufacturer has opened outside of North America This content is available exclusively to Australian Aviation members. Login Become a Member To
On the sidelines of the Singapore Airshow, Airbus has released its updated global market forecast for the Asia-Pacific region. The manufacturer predicts 10,940 new passenger and cargo airliners valued at US$1.8tr (A$2.0tr) will be required in our region over the next 20 years, representing 37 per cent of all new global aircraft sales during that
Vietnam’s VietJetAir has placed an order for 63 Airbus A320 Family airliners and has taken 30 purchase rights during a signing at the Singapore Airshow on February 11. The order comprises 42 A320neo (new engine option), 14 A320ceo (current engine option), and seven A321ceo, and will be bolstered by a lease of eight additional A320s
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