Featured

UK offers £340m loan to Airbus; US objects

Business secretary, Lord Mandelson's promise to provide European plane-manufacturer, Airbus with a loan worth £340 million to develop its new wide body A350 XWB plane, has raised the hackles of America.

However, the promised amount is just the half of what the Airbus had asked for. Airbus' sites in England specialize in wing-manufacturing.

Lord Mandelson said the financial assistance would safeguard as many as 1,200 jobs at Airbus' plants in Filton and Broughton. It will also protect additional 5,000 at Airbus suppliers.

Boeing finds new flaws in 787 Dreamliner

The Boeing Company has encountered new technical problems in the production of its 787 Dreamliner plane, raising fresh concerns regarding the future of the fuel-efficient aircraft.

The company found a structural flaw where the plane's wings meet the body. Another flaw was discovered in the 787 Dreamliner's composite fuselage.

Although Boeing knew about the problem at fuselage plant as earlier as on June 23, when the company ordered Alenia Aeronautica, Italian subcontractor to stop the work, yet the company officials never made it public.

Pages