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Airbus sued over aircraft sales practices

Airbus is being sued by some former consultants after the earlier discovery of questionable practices related to aircraft sales led the European plane maker to overhaul its business-partner relationships.

The review and related legal matters may have a material impact on future financial statements, Airbus said in its

Embraer records first quarter business jet delivery slide

Embraer recorded a 35% fall in business jet shipments for the first quarter of 2017, reflecting a prolonged and persistent weakness across the global business aviation sector.

For the three months ended 31 March, the Brazilian airframer shipped 15 aircraft.

PIA BoDs ‘never authorised’ sale of aircraft A-310 aircraft

Pakistan International Airlines (PIA) Board of Directors (BoDs) had never authorised the sale of A-310 aircraft and had instead ordered an inquiry into the sale of one aircraft to Germany, said spokesman for the national flag carrier on Thursday.

Sale of aircraft Beechcraft King Air seriously decreased

In the first quarter of this year, shipments of Beechcraft King Air turboprops compared to the same period last year fell more than twofold.

Bombardier CSeries - The new generation of air

Bombardier CSeries - a rebel, stood at the sources of a new class of passenger jets.

Boeing left at the peak. The volume of sales of American aircraft in two years decreased by half

The company Boeing announced the second since the beginning of 2017 the massive dismissal of employees. First, 1332 people were fired at the company's production center in Seattle, another 305 engineers and technical workers will be lost in the near future.

The business aviation market in the Asia-Pacific region is growing

According to the Internet portal BizavNews, Global Jet Capital, which develops and delivers financial solutions for companies operating its business aviation, recently published a study of the market in the Asia-Pacific region.

CIT Completes $10.4 Bln Sale Of Commercial Aircraft Leasing Business To Avolon

RTTNews.com) - CIT Group Inc. (CIT, CITGQ.PK) said it has completed the sale of its commercial aircraft leasing business to Avolon Holdings Limited, an aircraft leasing company and wholly-owned subsidiary of Bohai Capital Holding Co.

PIA finds three top men guilty in aircraft sale inquiry

The PIA in an internal inquiry has found the Acting CEO and Director Procurement and Logistics (P&L), guilty of gross violations of rules and regulations, manipulating facts and figures and connivance in appointing a foreigner as technical consultant to achieve their ulterior objectives in the sale of