ATLANTA, – Delta Air Lines (NYSE: DAL) today issued the following statement on the recent report by the Government Accountability Office on widebody aircraft financing by the U.S. Export-Import Bank: “The GAO’s recent study illustrates why the Export-Import Bank is in need of reform: The Bank devotes too much of its funds to finance wide-body […]
BETHESDA, Md., – Lockheed Martin [NYSE: LMT] announced today that it will freeze its salaried defined benefit pension plan and transition employees to an enhanced defined contribution retirement plan. The change will take effect in a two-step approach, beginning on January 1, 2016 with the freeze of pay-based benefits and concluding with the freeze of […]
Seoul, Korea, – The Airports Council International (ACI) Asia-Pacific/World Annual General Assembly (WAGA) 2014 concluded today in Seoul, Korea after three successful days that included a robust conference programme; a fully subscribed Safety Symposium; an at-capacity World Human Resources Forum; a lively exhibition; and ample networking opportunities at a variety of social events. Graciously hosted […]
SÃO JOSÉ DOS CAMPOS, BRAZIL, – Boeing [NYSE:BA] today opened a new research and technology center to work with leading Brazilian researchers and scientists to develop aerospace technologies. The new Boeing Research & Technology-Brazil (BR&T-Brazil) center is focused on sustainable aviation biofuel development, advanced air traffic management, remote sensing, advanced metals and bio-materials, and support […]
NEW YORK, NY and SINGAPORE — JetBlue Airways (NASDAQ: JBLU), New York’s Hometown Airline™, and Singapore Airlines, one of the world’s most awarded airlines, have filed an application with the U.S. Department of Transportation to enter into a bilateral codeshare agreement. JetBlue and Singapore Airlines have been interline partners since 2011. The expanded partnership would […]
COLORADO SPRINGS, Colo., May 20, 2014 — Boeing [NYSE: BA] and Samsung will collaborate on ways to incorporate the latest mobile technology into Boeing’s new Crew Space Transportation (CST)-100 spacecraft. Under an agreement announced today at the 30th Space Symposium, Boeing and Samsung will start identifying how mobile technology can be used to improve CST-100 […]
FORT WORTH, Texas, — American Airlines, British Airways, Iberia and Finnair today celebrate a key milestone as US Airways joins the airlines’ trans-Atlantic joint venture. As part of the joint business, established by American, British Airways and Iberia in October 2010, the airlines can cooperate commercially on trans-Atlantic flights. The joint venture also includes a […]
SEOUL, Republic of Korea, – Lockheed Martin [NYSE: LMT] is expanding relationships with Korean universities to establish a local science, technology, and research investment fund to benefit students, universities, and industry in the region. The Republic of Korea Science, Technology and Research (RoKST&R) program is now holding an open competition for proposals in the areas […]
SEATTLE, — Boeing (NYSE: BA) today announced it is centralizing customer support for in-service airplanes at its Boeing Commercial Airplanes Engineering Design Center in Southern California, as the company continues to focus on increasing competitiveness while enabling continued growth of the global airline industry. “We’re creating a single location for customer support at the Southern […]
PROVIDENCE, R.I.– Textron Inc. (NYSE:TXT) today announced it has closed its acquisition of Beech Holdings, LLC, the parent of Beechcraft Corporation, and that it will bring together its Cessna business and Beechcraft to form a new segment called Textron Aviation. Cessna and Beechcraft together produced about $4.6 billion in revenues during 2013. The acquisition brings […]
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