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European defense contractor considers launching its own bank
The European Aeronautic Defence and Space Company (EADS) is considering launching its own bank to better manage its accounts, the new chief of subsidiary Airbus said in an interview. “Our parent company EADS is currently studying the possible advantages of founding our own bank,” Fabrice Bregier told the Sunday edition…
Richard Branson, family to make first private voyage into space in 2013
British tycoon Richard Branson stole the show here Wednesday, announcing that he and his family would be on Virgin Galactic’s first trip into space, as Airbus and Boeing eked out more plane orders. Branson was showcasing a mock-up of his SpaceShipTwo (SS2) aircraft at the biennial Farnborough airshow near London…
Report says pilot error, sensor malfunctions behind 2009 Air France crash
A French report has found that human error and technical malfunctions caused the 2009 crash of an Air France flight from Rio to Paris that killed 228 people, a source close to the case said Wednesday. The judicial report — due to be presented to victims’ families on Tuesday next…
Airbus to build first U.S. aircraft plant: report
NEW YORK — European aircraft maker Airbus plans to build its first plant in the United States, moving into the world’s largest market for single-aisle planes, The New York Times reported Wednesday. Airbus plans to invest several hundred million dollars a plant in Mobile, Alabama, said the Times, citing people…
WTO orders U.S. to halt Boeing subsidies
GENEVA — The World Trade Organization ordered Monday the United States to halt unfair subsidies and tax breaks to planemaker Boeing, judging them to have damaged European rival Airbus. The WTO’s Appellate Body said that it found that certain subsidies and tax breaks “caused, through their effects on Boeing’s prices,…
Carbon tax controversy may spark trade war: Airbus boss
A widening split in the global aviation industry over an unpopular European carbon tax may trigger a trade war, the head of plane manufacturer Airbus said Monday. “I have to say I’m really worried also as a manufacturer about the consequences,” Airbus Chief Executive Thomas Enders told a conference on…
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