Boeing (BA, quote) announced February 28 that China Southern Airlines (ZNH, quote) has agreed to buy 10 Boeing 777-300ERs, as the airline plans to expand its capacity to meet growing demand in the Asia-Pacific region and China.
Sinopec (SNP, quote) has developed China’s first aviation biofuel, the Civil Aviation Administration of China (CAAC) announced February 28. The fuel is made from renewable resources and produces much less carbon dioxide than traditional aviation kerosene in flight.
While the aerospace giants of the developed world have had trouble coping with internal bickering and production delays, Brazil’s jet maker Embraer (ERJ, quote) is taxiing into defense budgets around the world. Get to know this stock on the move.
Embraer SA (ERJ, quote), based in Brazil and the third-largest plane builder in the world behind Boeing Co. (BA, quote) and Airbus (EADSY, quote), is expanding operations in the United States with a new facility in Florida to assemble the A-29 Super Tucano.
Cathay Pacific (CPCAY, quote) is reducing its plans for expansion due to declines in traffic, adding credibility to the prediction of uber investor Jim Rogers that there is a “100%” of another financial crisis, that will be more severe than in 2008.
Ryanair Holdings PLC (RYAAY, quote) Chief Executive Officer Michael O’Leary is talking up the potential of a big order from Commercial Aircraft Corporation of China, which is a direct threat to Boeing (BA, quote) and European Aeronautic Defence & Space Co.’s Airbus (EADSY, quote).
Major US exporters such as The Boeing Company (BA, quote), Dupont (DD, quote) and Apple Inc (AAPL, quote) are increasing sales abroad due to the less-than-strong dollar policies of the Federal Reserve under Chairman Ben Bernanke.