Bloomberg Saudi Arabia will transfer airports to its sovereign wealth fund by mid-2018, as part of a nationwide privatization drive spurred by low oil prices. Airports will be turned into companies before being handed over to the Public Investment Fund, to help improve accountability, Faisal Al-Sugair, chairman of Saudi Civil Aviation Holding Co., said in a phone interview. The ...

  Abu Dhabi / Emirates Business Etihad Airways Engineering (EAE) signed an agreement with Diehl Aerosystems to jointly design, manufacture and install the first serial produced 3D-printed cabin plastic part on an aircraft for one of its customers. Additive manufacturing – commonly referred to as 3D-printing – reduces lead time in design, decreases production cost of and enables speedier manufacturing. Etihad ...

  Bloomberg Airbus SE is being sued by some former consultants after the earlier discovery of questionable practices related to aircraft sales led the European planemaker to overhaul its business-partner relationships. The review and related legal matters may have a material impact on future financial statements, Airbus said this month in its annual report. It is “too early to determine ...