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| Airbus to increase A320 production despite souring financials |
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Despite reporting a €763 million ($1.04 billion) net loss in 2009, reversed from a €1.57 billion surplus the prior year, Airbus parent EADS yesterday announced an increase in the monthly A320 family production rate from the current 34 to 36 in December thanks to "continuing demand" and a "record backlog." |
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| LaHood: White House has 'an interest' in funding NextGen aircraft equipage |
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US Transportation Secretary Ray LaHood, speaking yesterday at the FAA Aviation Forecast Conference in Washington, said President Barack Obama's administration will "soon" make a decision on whether to allocate federal funds to equip commercial aircraft with NextGen ATC technology such as ADS-B. |
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| Additional layoffs ahead as Aer Lingus plunges to loss |
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Aer Lingus Group reported a loss before taxes and exceptional items of €66.2 million ($90.4 million) in 2009, reversed from an €18.8 million profit in 2008, and a quadrupling of its operating loss to €81 million from €20 million. |
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| Another Shenzhen arrest leaves airline control up for grabs |
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Shenzhen Airlines CEO Li Kun was arrested Saturday for alleged financial irregularities, allowing Air China to deepen its involvement in the country's fifth-largest carrier through the appointment of Shenzhen vice chairman and former CA VP Fan Cheng as acting CEO. |
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