Airbus nears settlements with US, UK, France over fraud, bribery cases
Details of how much it could pay to settle the cases were not released, but it could reach billions of euros.
SNC-Lavalin recruits ex-Bombardier exec to lead transformation
Veronneau, who led negotiations to sell Bombardier’s majority stake in the C Series to Airbus, will handle the firm’s strategic transformation.
Selling aviation makes sense for Bombardier, says industry analyst
Its railway operations are a steadier generator of cash flows, but the sale of aviation could face political opposition because it is a major Canadian employer
Air Canada, WestJet scrub Boeing 737 Max from schedules until June
Ottawa banned the 737 Max from the skies last March following two fatal crashes.
Quebec premier cautious about response to Bombardier difficulties
Questions about the aerospace company’s future were raised after issuing a warning about its financial results.
Boeing’s new CEO sees 737 Max production resuming in spring
Aerospace company doesn’t expect the FAA to certify the Max until this summer.
Bombardier expects to fall short of guidance, reassessing Airbus deal
Expects consolidated revenue of about $15.8 billion, short of expected $16.5 billion to $17 billion.
New Boeing CEO inherits crisis created under his predecessor
Will oversee legal strategy related to dozens of lawsuits by families of people who died in 737 Max crashes.
Aerospace and defence suppliers Woodward, Hexcel combining
By combining they’re aiming to create more efficient aircraft that will reduce emissions
Airbus to expand production at plant on US Gulf Coast
As part of a plan to build 63 aircraft in its A320 family of planes per month, Airbus will increase to seven airplanes monthly by early next year.
Deadly crash of a Boeing jet in Iran adds to company’s woes
Aerospace giant continues to struggle with crisis surrounding the Max, grounded last March after two crashes that killed 346 people.
Virgin Galactic’s next spaceship reaches build milestone
All major structural elements are assembled and the rocket plane is standing on its own landing gear.
Halting 737 Max production will hit suppliers, airlines
The economic hit is reverberating across the US.
Boeing to halt production of 737 Max airliner in January [UPDATED]
Boeing said it doesn’t expect any layoffs as a result of the production halt.
Two injured in an explosion, Woodbridge manufacturer fined $135,000
Fully pressurized shock strut from an aircraft exploded during disassembly.