Aviation Sector

Delta to cut costs by reducing flying and trimming jobs

The need to trim costs amid the “global economic recession” has been felt by the world’s largest carrier too - Delta Air Lines Inc plans to cut its systemwide capacity by 6 percent to 8 percent in 2009, owing to weaker travel demand. The new cuts are inclusive of the carrier’s previously announced cuts of 13 percent in the second half of 2008.

Fuel hedge opportunity seen by Virgin America

Fuel hedge opportunity seen by Virgin America On Saturday, the chief executive of airline Virgin America said that lower fuel prices present a sole opportunity to hedge buying up to four years.

Eclipse Aviation finally gets certification from EASA for six-seat jet

Eclipse Aviation, manufacturer of the world’s first very light jet (VLJ), announced that the European Aviation Safety Agency has finally certified the six-seat Eclipse 500, for registration in 37 European countries.

General Dynamics Corp acquires AxleTech International

Aerospace and defense giant General Dynamics Corp. has finally reached a deal to buy AxleTech International, from private equity firm Carlyle Group.

Boeing Co. inks pact to acquire Digital Receiver Technology

Boeing CoChicago based Boeing Co. has signed an agreement to acquire Germantown, Maryland-based Digital Receiver Technology, Inc., a developer of hardware and software products for wireless surveillance and tracking equipment.