Iberia raised its 33 per cent stake in Aviaco to 100 per cent at a cost of $117 million. Ground staff at Aviaco agreed in March to an 8.5 per cent pay cut in return for maintaining current manning levels.
The US Air Force will not determine how many B-21 bombers are needed for the fleet until the first aircraft is fielded in the 2020s, according to the service s deputy chief of staff for strategic deterrence and nuclear integration.
Airbus is now considering general aviation designs with up to 19 seats with hybrid-electric power after meeting with potential development partners among a small group of traditional US small aircraft manufacturers, a senior executive tells Flightglobal.
A competitor s tactics have reduced profit margins for the Cessna Citation Latitude even as demand is growing for Textron Aviation s latest business jet to enter service, says Textron chief executive Scott Donnelly.
Airbus Helicopters beleaguered Super Puma family has received more bad news as one of the type s biggest operators gained approval to shed the vast majority of its fleet and the Airbus Group chief executive detailed the scale of the grounding crisis.