Good week for...


Turbomeca, whose US business is getting a boost from state funds. The Safran subsidiary has been awarded a $2.5 million grant by the North Carolina Economic Investment Committee to build a facility that will create around 180 local jobs. The grant will be paid over 12 years if the company meets certain goals. Turbomeca is also getting half a million dollars from the One North Carolina Fund, which aims to encourage business growth in the state.



The helicopter manufacturer's plan to take a majority stake in Romania's IAR Brasov has hit a brick wall after rejection by Romanian authorities. The Authority for State Assets Recovery has given no reason for its decision. EADS-owned Eurocopter says the obstacle in the path of its plan to own more than two-thirds of the company does not affect its joint venture with IAR Brasov, but the company declines to comment on whether it will make another bid.


Bad week for...

Quote of the week


"I think it will be a financial disaster because I can't see how Airbus will ever sell sufficient numbers of the aircraft."

Virgin Atlantic Chairman Sir Richard Branson on the A380.

Richard Branson




Source: Flight International