Bombardier to cease Learjet production in 2021
Canadian planemaker Bombardier has announced that after 60 years in service, it will end the production of its once go-to private jet Learjet in 2021. Sales of the nine-seater Learjet have fallen over recent years, as customers opt for bigger, roomier private jets. As such, Bombardier has announced it will end Learjet production in order
The French government has reportedly scrapped plans for a major $11 billion expansion of its famed Charles de Gaulle Airport, citing environmental concerns and climate goals. According to French Ecological Transition Minister Barbara Pompili, who is responsible for preparing and implementing the French government’s policy in sustainability and climate action, the government has now asked
US to refrain from imposing further tariffs on EU aircraft
The US Trade Representative’s office said on Thursday that it had agreed with US industry not to impose additional tariffs on imported EU goods, a first step in efforts to dissolve a 17-year dispute over trans-Atlantic aircraft trade. The European Union acknowledged the decision not to increase current tariffs, and reiterated again for the third
A US House committee on Wednesday officially approved a $42 billion financial assistance package for the transportation sector that will see US airports provided with $8 billion in relief. However, another House committee is still to decide on the fate of US airlines and concessionaires, with a vote to be performed on Thursday over a
US to ‘level the playing field’ in trans-Atlantic tariff dispute
The US Trade Representative’s office has said it looks forward to working with its European counterparts to “level the playing field” in the 16-year-long dispute over aircraft subsidies in the near future. A USTR spokesman said that the office will begin working with European allies once President Joe Biden’s nominee for the top role in
Cargojet to expand fleet with 767Fs and 777Fs
Canadian freight operator Cargojet has announced a comprehensive plan for its fleet and route expansion to meet domestic and international growth opportunities starting 2021 and beyond. Having successfully raised $365 million earlier this month, through an equity raise to pay off debt and acquire new aircraft, Cargojet is rapidly moving forward to execute its growth
