China Aviation Industry Corp. Group, the result of the merger of AVIC I and AVIC II, was launched in November and will be responsible for the production of China's large commercial aircraft. CAIC has since signed an agreement with Shanghai's municipal government to establish a commercial aero engine company of which CAIC is the controlling stakeholder of the new venture, which is expected to launch in six months. The engine company will include privately run companies as shareholders, and … [Read more...] about New engine company for consolidated China Aviation
Aircraft Manufacturers
Airbus/Avic labour over Harbin composites
Airbus has said it is close to an agreement with China's Avic's Harbin Aircraft to set up a joint composite-components plant in China. Technology transfer has been a sticking point in the negotiations from the beginning, according to Chinese media reports that the talks have been deadlocked. That issue now seems to have been overcome, following comments from the chief of Airbus's Chinese operations, Laurence Barron, who said the talks "are ongoing normally and are nearing completion." The degree … [Read more...] about Airbus/Avic labour over Harbin composites
Americas : Boeing strike deadlock more bad news
Airlines waiting for Boeing aircraft deliveries have no immediate hope in sight as the strike at the US planemaker’s Everett assembly plant near Seattleappears no closer to a resolution. This follows the adjournment of a second round of mediated talks between Boeing and the International Association of Machinists and Aerospace Workers, which ended without agreement. About 27,000 Boeing workers in Washington, Oregon and Kansas have been on strike since September 6. “In light of … [Read more...] about Americas : Boeing strike deadlock more bad news
Europe & CIS : Airbus will deliver 12 more A380s this year
Airbus will meet its target of delivering 12 A380 super jumbo aircraft this year, the company’s chief executive pledged recently, brushing aside reports that manufacturing and engineering difficulties had again put the project behind schedule. The 525-seat, A-380 has been plagued by delays due to missteps, technical setbacks, communication failures and financial improprieties that have tarnished Airbus’ image. The first in a series of costly delays was announced in June 2005. … [Read more...] about Europe & CIS : Airbus will deliver 12 more A380s this year
Airbus
Airbus, owned by Franco German EADS, is to double the amount of vendor financing it offers to about US$2.64 billion next year, the Financial Times reported. The financing is aimed at supporting commercial aircraft sales and maintaining deliveries as its customers struggle to obtain funding from traditional sources. The paper quotes an unnamed aviation banker who says the number of institutions off ering finance for new commercial jet deliveries had fallen by between a half and two thirds from … [Read more...] about Airbus
Boeing
Boeing and the International Association of Machinists and Aerospace Workers reached tentative agreement on a new four-year contract covering 27,000 employees in Washington, Oregon and Kansas. Union leadership is recommending that employees vote to ratify the contract. The company retained the flexibility necessary to manage its business, while making changes to the contract language to address the union’s issues on job security, pay and benefits. The offer provides general wage increases … [Read more...] about Boeing
