Aerospace
Airbus has announced that it is contributing $20,000 to sponsor an important new awareness campaign, "Rise to the Future," developed by Aéro Montreal, Quebec's aerospace cluster in conjunction with l'École Nationale d'Aérotechnique (ÉNA) in St-Hubert, Quebec, the École des métiers de l'aérospatiale de Montréal (EMAM), and the Comité sectoriel de main-d'œuvre en aérospatiale (CAMAQ), as well as other industry sponsors.
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Bombardier has struck a deal to sell its Downsview site in Toronto for about US$635-million ($817-million), further shoring up its cash reserves as it reshapes its commercial aircraft business after a brush with bankruptcy three years ago. | READ MORE
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Boeing has announced it has entered a definitive agreement to acquire KLX Inc. to enhance its growing services business. The agreement comprises an all-cash transaction for $63 per share and the assumption of approximately $1.0 billion of net debt, totaling $4.25 billion.
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During the first quarter of 2018, Embraer delivered 14 jets to the commercial aviation market across the U.S., Europe and Asia Pacific. In the business aviation market, 11 aircraft were delivered in the same period, being eight light jets and three large jets.
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Aerospace workers in Gander, Newfoundland voted 97 per cent against the latest offer from D-J Composites, their American employer who locked them out of work 16 months ago.
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DART Aerospace is focused on setting a strong presence in the multiple countries of Latin America. During this process, DART has been attending a wide variety of aerospace shows and exhibitions within this region in order to showcase top-selling products and solutions adapted to operators’ needs.
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Aircraft giant Boeing will not appeal a ruling by the U.S. International Trade Commission that allows its Canadian rival Bombardier to sell its newest commercial jets without heavy duties.
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This year, Bombardier Business Aircraft is celebrating the 20th anniversary of its Global Completion Center in Montreal. The facility continues to ramp up activities surrounding the highly anticipated Global 7000 business jet, and is at the halfway point in its large-scale hiring objective to add 1,000 new positions to its local workforce.
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The Boeing board of directors has elected David L. Calhoun to the role of Lead Director, effective upon his re-election to the board at the Annual Meeting of Shareholders on April 30, 2018. Kenneth M. Duberstein, Boeing's long standing and longest serving Lead Director, is to be nominated for re-election at the meeting as a Director to serve an additional year from 2018 to 2019 to aid in the transition.
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Airbus intends to pressure suppliers for Bombardier's C Series jets to lower their prices in an effort to make its new partnership with the Quebec aircraft manufacturer profitable.
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