EADS TO EXTEND POWER8 PROGRAMME RESTRUCTURING Airbus owner EADS is to extend its cost-cutting programme in a bid to diminish…

Gloom and doom is not just fashionable in aerospace these days - with a credit crisis, general downturn and rocketing fuel prices a cloudy outlook seems entirely rational. But from the perspective of some investment bankers, times are good.

Scottish low-fare operator FlyGlobespan has been fined £5,000 ($9,800) plus costs after admitting two charges of breaching air transport safety regulations.
The UK Civil Aviation Authority prosecuted the airline under the Air Navigation Order after it operated a Boeing 757 on a transatlantic route last year with its engine-pressure ratio indicators inoperative.
While the airline […]

airbus The airframer managed to record a first-half EBIT of €712 million ($1.12 billion), up from just €19 million in the first half of 2007 - despite a…

Russian flag-carrier Aeroflot has indicated reluctance to bid for a shareholding in Serbia’s Jat Airways unless the bidding terms set by Serbia’s Government take full account of its financial situation and the fuel-price environment.
The country’s privatization agency has invited expressions of interest in 51% of Jat after reducing the minimum asking price to €51 […]