Aviation

Bloomberg Boeing Co.’s defense business is shedding about 50 executive positions, eliminating a layer of management and expanding the operational role of the division’s boss, Leanne Caret. Starting July 1, the $29.5 billion defense unit’s main businesses — Boeing Military Aircraft and Network & Space Systems– will split into smaller entities reporting directly to Caret, the company said in a ...

Bloomberg An Iranian airline that signed a $3 billion contract at list prices with Boeing Co. is confident the deal won’t face a political backlash in Washington, days after the US Senate voted to advance a bill that could bring new sanctions against the Islamic Republic. Aseman Airlines, a private company whose largest owner is Iran’s National Pension Fund, signed ...

Abu Dhabi / Emirates Business Etihad Airways, the national airline of the United Arab Emirates (UAE), announced the appointment of Hassan Al Yousuf as its new General Manager for the Sultanate of Oman. Based at the airline’s offices in Muscat, Hassan is responsible for leading Etihad Airways’ commercial operations in Oman, as it continues to grow its presence and operations ...

Sharjah / Emirates Business Armenia is fast proving to be a popular destination for GCC families, especially Indian citizens living in the Gulf, thanks to the latest visa-on-arrival policy that the country implemented earlier this year. Armenia appeals to a wide spectrum of holiday-goers, from thrill seeking adventurers to those looking for more family-orientated trips, Yerevan is an exciting destination ...

Emirates Business The Philippines’ largest carrier celebrates Philippine Independence Day by giving all passengers the freedom to bring more gifts and ‘pasalubong’ for their loved-ones as Cebu Pacific offers a total baggage allowance that exceeds a typical ‘balikbayan box.’ CEB extends its promo granting its valued guests additional baggage allowance free-of-charge. Until November 30 this year all passengers originating from ...

Bloomberg Global airline earnings will fall less than previously forecast this year as Europe rebounds from a weak 2016 and Asian carriers tap a surge in cargo shipments, according to the industry’s main trade group. Net income is likely to total $31.4 billion worldwide in 2017, the International Air Transport Association said. While that’s $1.6 billion higher than suggested last ...

Bloomberg Airbus SE predicted that burgeoning demand for air travel will push jetliner sales to almost 35,000 aircraft over 20 years, about 6 percent more than previously forecast, with deliveries worth about $5.3 trillion to manufacturers. Passenger traffic is set to grow 4.4 percent annually over the period, slightly less than the 4.5 percent estimated last year. That will still ...

Bloomberg Singapore Airlines Ltd. said jobs are likely to be cut as part of a business review Southeast Asia’s biggest carrier has kicked off to revive earnings following a surprise quarterly loss. The premium carrier’s staff is aware headcount reduction is possible under the process, Chief Executive Officer Goh Choon Phong told reporters at the annual meeting of the International ...

Bloomberg Airbus SE said the next UK government must guarantee the planemaker’s ability to move people between plants in Britain and continental Europe in order to safeguard the long-term future of production in the country. It’s likewise vital for aerospace manufacturing to remain exempt from import duties once Britain quits the European Union, Chief Executive Officer Tom Enders said at ...

Bloomberg The US Air Force has ordered a stand-down of its F-35 Joint Strike Fighter aircraft at an Arizona base after pilots there said they suffered oxygen deprivation while flying the plane built by Lockheed Martin Corp. Since May 2, five F-35A pilots assigned to Luke Air Force Base have reported physiological incidents while flying. According to a service press ...