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Air Deccan takes delivery of the 700th ATR
(Toulouse, 8th September 2006) — ATR and Air Deccan, the first Indian low-cost airline, celebrated today the delivery of the 700th ATR aircraft. The delivery ceremony has been held in Toulouse in the presence of Captain Gopinath, Air Deccan’s Managing… Continue reading
Russian bank takes 5.02% stake in Airbus parent
A state-run Russian bank has taken a 5.02% stake in EADS, the parent of jetmaker Airbus. The bank purchased 41.1 million shares, worth about $1.17 billion. Russia hopes to bolster its aerospace sector, and the investment makes the bank one… Continue reading
Sept. 11 launched new era in airport security
The Sept. 11 attacks resulted in a wave of new security rules and procedures and pushed airports to develop better ways to screen travelers. Some observers say the White House is not spending enough on improving security, but companies developing… Continue reading
Airline industry still feels effects of Sept. 11
Five years ago, the Sept. 11 attacks dramatically shifted the fortunes of the aviation industry. Airlines faced a steep drop in revenue, forcing them to lay off thousands of workers and cut service. Security costs soared as the carriers and… Continue reading