LONDON (Reuters) – Britain will make a final decision on a 23 billion pound ($36 billion) plan for a third runway at Heathrow Airport by the end of the year, Prime Minister David Cameron said on Wednesday, setting the stage for a political battle over the issue.
Few disagree that London needs a new runway to remain economically competitive, but its location has been disputed for over 25 years and the proposal to expand Britain’s busiest airport has stoked tensions in the ruling Conservative party.
LONDON, July 1 (Reuters) – Britain should build a third
runway at London’s Heathrow Airport, a government-appointed
commission into the country’s airport capacity said in a report
that could cause a political headache for Prime Minister David
After a three-year study, the Airports Commission selected a
new runway at Heathrow over two other shortlisted options,
arguing that it offered Britain the best way to add “urgently
required” long-haul routes to new markets and boost the economy.
LONDON, June 21 (Reuters) – A decades-long battle to expand
Britain’s overcrowded airports is set for a crunch decision in
the coming weeks, as the world’s fifth-largest economy seeks to
resolve a row that has bedevilled successive governments and
risks choking economic growth.
The UK’s aviation sector is worth 32 billion pounds and
represents 2.1 percent of its economy. But the country’s top two
airports Heathrow and Gatwick are at and near to maximum
capacity and losing passengers to booming hubs like Dubai and
Amsterdam’s Schiphol that can offer more flights to new
destinations like China.
PARIS, June 17 (Reuters) – Superjet International, an
aircraft made by Russia’s Sukhoi Civil Aircraft Company and
Finmeccanica unit Alenia Aermacchi, could be operating
a new, stretched version of its SSJ100 regional jet by 2020, an
executive told Reuters.
Conceived as a plan to help Russia develop a foothold in the
global planemaking business, Superjet’s Russian-built SSJ100
operated its first commercial flight in 2011 and since then just
over 50 of the 100 seat-aircraft have been delivered.
PARIS (Reuters) – Bombardier (BBDb.TO: Quote, Profile, Research, Stock Buzz) could produce a third, larger version of its CSeries aircraft in the future, an executive at the Canadian train and planemaker said on Wednesday, potentially giving the high-stakes project a lucrative boost.
Critical to the future of Bombardier’s planemaking unit, the CSeries made its air show debut in Paris this week.
PARIS (Reuters) – Korean Air (003490.KS: Quote, Profile, Research, Stock Buzz) split a $6.9 billion order for narrow-body jets between rival planemakers Airbus (AIR.PA: Quote, Profile, Research, Stock Buzz) and Boeing (BA.N: Quote, Profile, Research, Stock Buzz) at the Paris air show on Tuesday as it looks to renew its fleet with more fuel-efficient aircraft.
Korean Air unveiled a firm order worth $3.7 billion at list prices for 30 Airbus A321neo planes, the first time the Asian carrier has bought single-aisle jets from the European manufacturer. It also took options on 20 more of the aircraft.
PARIS (Reuters) – Rolls-Royce (RR.L: Quote, Profile, Research, Stock Buzz), the world’s No.2 aircraft engine maker, said it was too early to say whether there was a gap in the market for a new mid-sized passenger jet, which is being assessed by Boeing (BA.N: Quote, Profile, Research, Stock Buzz) as a potential 1,000-plus plane opportunity.
Rolls-Royce’s Aerospace President Tony Wood told Reuters at the Paris air show on Tuesday there was a lack of clarity around the issue and declined to be drawn on whether the company would want to provide a new engine for any such project.
PARIS, June 15 (Reuters) – Russia’s United Aircraft
Corporation wants a new wide-body aircraft it is developing with
a Chinese company to be flying by 2025, as part of an ambitious
project to take on Western planemakers Airbus and
Commercial Aircraft Corp of China Ltd and United
Aircraft Corporation, both state-controlled companies, have been
considering the joint development of a new advanced wide-body
jet since May 2014.
PARIS (Reuters) – Airbus (AIR.PA: Quote, Profile, Research) and Boeing (BA.N: Quote, Profile, Research) opened the Paris air show with a flurry of multi-billion-dollar plane deals on Monday as demand from Middle Eastern and Asian airlines swelled their already bulging order books.
Airbus signed up Saudi Arabian Airlines to be the launch customer of its new A330-300 Regional aircraft, with the carrier committing to 20 of the planes as well as 30 A320neo jets in a deal worth about $8.2 billion at list prices.
PARIS (Reuters) – Canadian aircraft maker Bombardier (BBDb.TO: Quote, Profile, Research, Stock Buzz), under pressure to boost sales of its new CSeries narrow-body jet, said an upgrade to a larger plane by launch customer Swiss for part of its 30 jet-order showed confidence in the project.
The CSeries made its air show debut in Paris on Monday ahead of certification expected at the end of this year, and Bombardier is hoping to revamp the jet’s reputation to drive sales after years of delays and cost overruns.